✨ Equalisator Betting Rules
2220
NEW ZEALAND GAZETTE, No. 85
30 JULY 2007
In the event of a false start or any other event leading to a delay in the scheduled
time of a Race starting, betting must not reopen.
6.8
Where bets will be accepted
Equalisator betting must take place only at the racecourse or Race venue where the
Races are being held. The club may set aside a place or places on the racecourse
for the acceptance of Equalisator bets.
6.9
Bet Cancellation
Once the Ballot is drawn it is final, and Investors cannot change or renegotiate
Tickets.
6.10
When Race can start
No Race shall start until the betting has been closed, the Ballot has been held in
respect of that Race, and the patrons at the racecourse have been informed of the
result of the Ballot.
6.11
Race Abandonment
If a Race is declared abandoned then all monies received by way of Equalisator
betting are to be refunded.
When Races that have a double pool are abandoned then, as above – bets are to be
refunded in full.
6.12
Minors
No bets shall be sold to persons under the age of 18.
6.13
Refunds
The club shall Refund all money received by way of Equalisator betting on any horse
or greyhound which is, for any reason, withdrawn from the Race before the start of
the Race.
No substitutes will be provided.
6.14
Credit betting
In accordance with the Act, Equalisator betting will not be accepted on credit.
7
Denomination to which Dividends will be
rounded
Dividends and payout amounts shall be rounded down to the nearest 10c. The
Board may from time to time at its discretion vary the denomination to which
Dividends and payout amounts will be rounded.
8
Commission
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.
Next Page →
Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2007, No 85
Gazette.govt.nz —
NZ Gazette 2007, No 85
✨ LLM interpretation of page content
🏭
Equalisator Betting Rules under Racing Act 2003
(continued from previous page)
🏭 Trade, Customs & IndustryBetting, Racing, Rules, Racing Act 2003, Equalisator, Clubs, Definitions, Licensing, Race Meetings