New Zealand Gazette – 2003 – No. 113

Page 3087

✨ Fixed Odds Sports Betting Rules

25 AUGUST
NEW ZEALAND GAZETTE
3087

“Podium Placing” indicates that betting on that event will be resulted according to the positions occupied on the podium at the completion of the event. Subsequent protests, appeals or disqualifications will not be recognised or considered for betting purposes.

“Refund” refers to the situation when a competitor or team in an Authorised Event fails to participate and is not given a chance to win that event, notwithstanding the rule for competitors in a Fixed Odds Racing event – see Rule 12: Conditions Applicable to Fixed Odds Race Betting.

“Withdrawal” refers to the situation when a competitor or team in an Authorised Event fails to qualify, is rendered ineligible, is disqualified, is unable to compete due to injury, or otherwise for any reason whatsoever does not participate in, or does not complete, the Authorised Event.

14.2 Purpose of Rules
The purpose of Rule 14 is to establish the conditions of sports betting under which Investors may bet on the result of an Authorised Event and for which result the Board has determined the Odds. Rule 14 is to be read subject to any specific provisions in Rule 15: Sport Specific Rules and Rule 16: Conditions Applicable to Multi Sports Betting.

14.3 Setting the Odds
The Board shall at its discretion and from time to time set and vary Odds for any Authorised Event and in so doing shall not be obliged to set Odds to bear any relation to the level of betting already accepted for that Authorised Event.

VUW Te Waharoa — NZ Gazette 2003, No 113

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

Parliament House (depicted) was completed in 1918 and remains the primary seat of Parliament.

✨ LLM interpretation of page content

🏭 Conditions Applicable to Fixed Odds Sports Betting (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFixed Odds Sports Betting, Podium Placing, Refund, Withdrawal, Odds Setting

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