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New Zealand Gazette – 2003 – No. 113

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✨ Sports Betting Conditions

NEW ZEALAND GAZETTE

No. 113

3086

14. CONDITIONS APPLICABLE TO FIXED ODDS SPORTS BETTING

14.1 Interpretation

In Rules 14, 15 and 16, unless the context otherwise requires:

“Fixed Odds Sports Bet” is a bet type whereby the Investor bets on the result of an Authorised Event and for which result the Board has determined the Odds.

“Fixed Odds Sports Betting” has a corresponding meaning.

“Group Betting Option” means a Fixed Odds Sports Option involving a finite group of players or teams selected by the Board from within an Authorised Event, and marked “Group Betting”.

“Minimum Investment” means the minimum amount of Investment as determined by the Board. See Appendix 1.

“Normal Time”, for Authorised Events that are not abandoned or forfeited is the first point in time that the Authorised Event would cease if the scores were not tied. Normal time can also be variously indicated in ways such as ‘80 minutes’, ‘90 minutes’ or ‘4 quarters’ or any other way, and is the standard match time plus added (or referee’s) time for stoppages and injury. Normal time does not include any form of extra time.

“Official Result” is a ruling made by the Official Controlling Body of a particular sport in respect of the result of an event conducted by that body at the immediate conclusion of that event and may include same day protests, place changes or disqualifications.

VUW Te Waharoa — NZ Gazette 2003, No 113

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

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🏭 Conditions Applicable to Fixed Odds Sports Betting

Domain🏭 Trade, Customs & Industry
KeywordsFixed Odds Sports Betting, Interpretation, Group Betting, Minimum Investment, Normal Time, Official Result

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