✨ Betting Conditions
25 AUGUST NEW ZEALAND GAZETTE 3105
“Remainder” means the difference between the Total Amount Nominated, and the outcome of the Investment Formula multiplied by the number of combinations wanted.
16.2 Purpose of Rules
The purpose of Rule 16 is to establish the conditions of Multi betting.
Rule 16 is to be read subject to provisions in Rule 12: Conditions Applicable to Fixed Odds Race Betting, Rule 14: Conditions Applicable to Fixed Odds Sports Betting and Rule 15: Sport Specific Rules.
16.3 Acceptance of Multi Bets
(a) The Board may refuse to accept any bet or part thereof without stating reasons.
(b) It is the responsibility of the Investor to ensure details of their bets are correct.
16.4 Returns
Multi Odds are calculated by multiplying the Odds for each individual selection, then rounding up to the nearest cent. The Multi Return is calculated by multiplying the Multi Odds by the Investment amount and rounding down to the nearest five cents.
Example: Auckland to beat Wellington is paying $1.70, Warriors to beat Canberra is paying $2, All Whites to beat Japan is paying $3.40.
Multi Odds = $1.70 x $2 x $3.40 = $11.56.
Multi Return for $20 Investment = $20 x $11.56 = $231.20
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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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Conditions Applicable to Multi Betting
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