✨ Rules Relating to Totalisator Race Investments
25 AUGUST
NEW ZEALAND GAZETTE
the error in accordance with the Rules of Racing, the placing Entrants shall be the Race Entrants in respect of which the judge, stewards or judicial committee, after correcting their error, authorise the Place Dividends to be paid; and
(d) the disqualification of the Race Entrant on which a Place Dividend has been paid shall not affect that Entrant’s status as a placing Entrant if the disqualification resulted from a protest lodged after the expiration of the period allowed by the Rules of Racing for the lodging of such protests.
11.6.2 Races
Place betting may be conducted on such Races at the Board may determine from time to time.
11.6.3 Method
A Place bet is placed by the Investor selecting a Race Entrant or Entrants to Place in a Race.
11.6.4 Dividend Pool
The Dividend pool shall be divided into as many equal parts as there are Dividend bearing places provided such Dividend bearing Race Entrants have units of Place betting invested on them. Each part is then distributed equally amongst those units of Place betting that have selected the Race Entrant to place.
In addition to the circumstances covered by Rule 10.3, a Place Dividend will be less than the Dividend Unit for Place betting if the total sum of all units of Place betting on a Race is less than the total sum of all Place Dividends which would otherwise have been payable on that Race.
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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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