New Zealand Gazette – 2003 – No. 113

Page 3020

✨ Totalisator Race Investment Rules

3020 NEW ZEALAND GAZETTE No. 113

11.1.5 First Prize Pool

Subject to Rule 11.1.7 relating to termination, the First Prize Pool shall be distributed as follows:

(a) The First Prize Pool shall be distributed equally amongst those units of betting that have selected the Winner in each of the six Races of a Pick6, provided that the sum of those winning units of betting is equal to or greater than the Dividend Unit.

(b) Where the sum of winning units of betting is less than the Dividend Unit, the First Prize Pool will be declared as the Dividend, and winning units of betting will receive their proportional share of the First Prize Pool. The balance of the First Prize Pool, less any Prize Reserve funds, will be carried forward and added to the First Prize Pool of the next Pick6.

(c) If no units of betting have selected the Winners in each of the six Races of a Pick6, the First Prize Pool in respect of that particular Pick6, less any Prize Reserve funds, shall be carried forward and added to the First Prize Pool of the next Pick6.

11.1.6 Prize Reserve Pool

The Board may allocate any part or all of the Prize Reserve Pool to the First Prize Pool of any Pick6.

VUW Te Waharoa — NZ Gazette 2003, No 113

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

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✨ 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, Pick6 Betting, First Prize Pool, Prize Reserve Pool, Winner, Race Entrant, Stewards, Judicial Committee, Win Dividend, Disqualification, Protest

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