New Zealand Gazette – 2007 – No. 85

Page 2219

✨ Racing Betting Regulations



30 JULY 2007 NEW ZEALAND GAZETTE, No. 85 2219

51 Racing clubs may conduct equalisator betting

(1) A racing club that has a betting licence may conduct equalisator betting on races
held by it on the date to which the licence relates and on the terms and conditions
set out in the licence.

(2) A racing club may deduct from the bets made by way of equalisator betting, after
first making any refunds of bets, an amount not exceeding 15% as commission for
the club.

(3) Except as provided in rules made under section 52 stating the denomination to
which dividends are to be rounded and paid out, a racing club must declare and
pay out as dividends all money received by way of equalisator betting, after
deducting all refunds of bets and the commission authorised by subsection (2).

(4) Every racing club, or member, officer, agent, or employee of a racing club commits
an offence who knowingly makes, authorises, or permits any payment from money
received by way of equalisator betting except in accordance with subsections (2)
or (3).

(5) Every person who commits an offence against subsection (4) is liable on summary
conviction,-

(a) In the case of a racing club, to a fine not exceeding $3,000:

(b) In the case of a member, officer, agent, or employee of a racing club, to

a fine not exceeding $1,500.

6.2 Types of betting

Equalisator betting may be conducted on the following types of betting:

(a) Win betting

(b) Place betting

(c) Straight doubles betting

6.3 Indication of Equalisator Races

The Racing club must clearly indicate on its official publications which Races are
Equalisator Races.

The public must be aware that they are Equalisator betting.

6.4 Unit of betting (Dividend unit)

The unit of Equalisator betting is $1.00 and shall not exceed $1.00.

6.5 Minimum and maximum Ticket value

The minimum Ticket Value shall be $1.00. The maximum value of a single
Equalisator Ticket shall be $2.00. For the avoidance of doubt, a $2.00 Equalisator
Ticket is worth two Dividend units.

6.6 Double Races

Any two Races comprising a double shall be Equalisator Races held by the club on
the same day and on the same racecourse or Race venue. Double Races shall only
be straight doubles. There shall be no concession double.

6.7 Time at which Equalisator betting will close

The time that Equalisator betting will close for each Race must be clearly indicated
on the club’s Race card.

No member, officer, agent or employee of the club shall accept any Equalisator
betting on a Race after the closing time of that Race.



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2007, No 85


Gazette.govt.nz — PDF NZ Gazette 2007, No 85




✨ LLM interpretation of page content

🏭 Equalisator Betting Rules under Racing Act 2003 (continued from previous page)

🏭 Trade, Customs & Industry
Betting, Racing, Rules, Racing Act 2003, Equalisator, Clubs, Definitions, Licensing, Race Meetings