New Zealand Gazette – 2003 – No. 113

Page 3084

✨ Sports Betting Regulations

3084 NEW ZEALAND GAZETTE No. 113

13.3.10 Second Concession Dividend

Except where a Sports Pools Option is to be terminated, the Second Concession Dividend shall be the Second Concession Pool divided by the number of units of betting selecting the second most number, but not all, of Winning Margins in Authorised Events in a Sports Pools Option.

13.3.11 Termination

If the Board determines a Sports Pools Option the last in a Competition, Dividends for that Sport Pools Option will be paid out as follows:

(a) The First Division Dividend shall be paid to those units of betting with the most number of Winning Margins in Authorised Events of a Sports Pools Option and shall be the First Division Pool divided by the number of winning units of betting.

(b) The First Concession Dividend shall be paid to those units of betting selecting the next highest number of Winning Margins in the Sports Pools Option, after that required for First Division, and shall be the First Concession Pool divided by the number of winning units of betting.

(c) The Second Concession Dividend shall be paid to those units of betting selecting the next highest number of Winning Margins in the Sports Pools Option, after that required for First Division and First Concession, and shall be the Second Concession Pool divided by the number of winning units of betting.

VUW Te Waharoa — NZ Gazette 2003, No 113

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

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

🏭 Conditions Applicable to Totalisator Sports Bet Types (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsBetting, Totalisator, Sports Betting, Authorised Events, Sports Pools, Winning Margin, Unit of Investment, Selection of Events, Provision of Details, Prize Reserve Pool, First Division Dividend, First Concession Dividend, Second Concession Dividend, Termination

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