✨ Race Betting Rules
3068 No. 113
NEW ZEALAND GAZETTE
12. CONDITIONS APPLICABLE TO FIXED ODDS
RACE BETTING
12.1 Interpretation
In Rule 12, unless the context otherwise requires: –
“All-In” betting means that a Refund is not given for any Race Entrant
who is Scratched from a Race after betting on that Race has
commenced.
“Deduction Formula” means the formula used to calculate the Final
Field deduction. See Appendix 4.
“Final Field Betting” the Board will operate Final Field Fixed Odds
Race Betting when the betting option concerned is first made available
after final acceptances have been declared for the Race concerned.
“Final Field Deduction” means the whole number percentage
obtained by truncating any fractional part from the application of the
Deduction Formula, provided the Win Odds are less than or equal to
the Maximum Deduction Odds. See Appendix 4.
“Fixed Odds Race Bet” is a bet type whereby the Investor bets on the
result of an authorised Race and for which the Board has determined
the Odds and includes both Futures Fixed Odds Race Betting and Final
Field Betting.
“Futures Fixed Odds Race Betting” the Board will operate Futures
Fixed Odds Race Betting when the betting option concerned is first
made available before final acceptances have been declared for the
Race concerned.
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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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