New Zealand Gazette – 2003 – No. 113

Page 3017

✨ Totalisator Race Investment Rules

25 AUGUST NEW ZEALAND GAZETTE 3017

10.8.5 Payment of Dividends and Refunds in respect of Percentage Bets

A winning Percentage Bet will receive the product, rounded down to the nearest five cents, of, the declared Dividend, and the number of dollars that the Percentage Bet had invested on the winning combination.

The total amount due in Refunds to any Percentage Bet will be rounded down to the nearest five cents.

10.8.6 Percentage Priority Order (%PO)

The Percentage Priority Order for a Percentage Bet is an ordinal listing of all the unique combinations that make up the bet. It dictates the strict order that any Remainder, from the Investment Formula in Rule 10.7.3, will be invested at the rate of one cent per unique combination until the entire Remainder is invested.

See Appendix 3.

VUW Te Waharoa — NZ Gazette 2003, No 113

Gazette.govt.nz — NZ Gazette 2003, No 113

Parliament House (depicted) was completed in 1918 and remains the primary seat of Parliament.

✨ LLM interpretation of page content

🏭 Rules Relating to Totalisator Race Investments (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsBetting, Totalisator, Poker Bets, All Up Betting, Race Abandonments, Dividends, Refunds, Percentage Betting, Minimum Investment, Investment Formula, Percentage Priority Order

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