✨ Rules Relating to Totalisator Race Investments
3044 NEW ZEALAND GAZETTE No. 113
11.6 Place Betting
11.6.1 Interpretation
In Rule 11.6, unless the context otherwise requires: –
“Place” is a bet type whereby the Investor endeavours to select a Race Entrant to fill a Dividend Bearing Place in a Race as designated by the Board.
“Dividend Bearing Places” means the Race Entrants in respect of which the stewards or judicial committee of the club conducting the Race have authorised the Place Dividends to be paid, provided that:
(a) Dividends are paid to first and second places where the number of Starters is five or six. Where a dead heat occurs, the Dividend Bearing Places shall be the first two Entrants across the finishing line in the order in which they are placed by the judge, stewards or judicial committee, notwithstanding a dead heat between two or more Race Entrants may cause the number of Race Entrants eligible to fill the Dividend Bearing Places to be more than two; and
(b) Dividends are paid to first, second and third places where the number of Starters is seven or more. Where a dead heat occurs, the Dividend Bearing Places shall be the first three Entrants across the finishing line in the order in which they are placed by the judge, stewards or judicial committee, notwithstanding a dead heat between two or more Race Entrants may cause the number of Race Entrants eligible to fill the Dividend Bearing Places to be more than three.
(c) if the judge, stewards or judicial committee make an error regarding such authorisation and subsequently correct
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2003, No 113
Gazette.govt.nz —
NZ Gazette 2003, No 113
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Rules Relating to Totalisator Race Investments
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🏭 Trade, Customs & IndustryBetting, Totalisator, Place Betting, Dividend Bearing Places, Race Entrant, Dead Heats, Stewards, Judicial Committee