✨ Equalisator Betting Rules
30 JULY 2007 NEW ZEALAND GAZETTE, No. 85 2217
1 Introduction
The purpose of these Rules is to provide for the administration and conduct of Equalisator betting.
2 Comment and application
(1) The Board made these Rules by resolution passed on 17 July 2007 pursuant to the Racing Act 2003 and subsequent amendments.
(2) These Rules shall come into force on the 1st day of August 2007.
(3) These Rules override any regulations made by any Racing Code in relation to Equalisator betting.
(4) A copy of these Rules shall be made available to each Racing Code and each club that is issued an Equalisator betting licence.
(5) Each Club that is issued with an Equalisator betting licence must ensure that a copy of these Rules is available for inspection by members of the public at the racecourse venue on the day of the meeting.
3 Interpretation
(1) In these Rules, unless the context otherwise requires,-
Act means the Racing Act 2003 as amended
Ballot means the random drawing of letters of the alphabet in order to assign an alphabetical letter to the number of the starter in a Race
Board means the New Zealand Racing Board as established under the Act
Commission means the amount as prescribed in the Act, deducted from the bets made
Dividend means an amount payable from the relevant Equalisator pool to each winning unit of betting
Dividend unit means the unit of Investment upon which Dividends are declared for each Equalisator bet type
Entrant means a Race entrant in a Race
Equalisator means a form of betting in which a number of persons bet on the outcome of a Race or Races, and in which the sum of the contributors' bets, except for the deductions which are required to or may be made under the Act, is paid to the persons who, as a result of a Ballot held after the close of betting and before the start of each Race, draw the horses or greyhounds, as the case may be, that subsequently fill a Dividend-bearing place in that Race
Investment means the amount placed as a bet on an Equalisator Race
Investor means a person who invests money on a Race
Official Placings means the Dividend bearing places determined in accordance with the relevant code's Rules of Racing and authorised by the judge, steward or judicial committee
Race means a galloping Race, a harness Race or a greyhound Race as the case may require
Race Meeting means a meeting held on a day for the purpose of conducting Races and for which an Equalisator licence has been granted
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2007, No 85
Gazette.govt.nz —
NZ Gazette 2007, No 85
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Equalisator Betting Rules under Racing Act 2003
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🏭 Trade, Customs & IndustryBetting, Racing, Rules, Racing Act 2003, Equalisator, Clubs, Dividends, Commission, Ballot, Official Placings, Dividend Calculation