✨ Equalisator Betting Rules
2222 NEW ZEALAND GAZETTE, No. 85 30 JULY 2007
12 Ticket issuing
Each bet type must have a separate Equalisator betting pool. Tickets for each pool must be sold consecutively to ensure that equal numbers of Tickets are sold on each starter. Tickets are not to be pre-sold – i.e. they can only be sold on the day of the meeting.
13 Ballot procedure
After the Equalisator has closed, and before the Race begins, the Stewards must conduct a Ballot in order to allot a number to each letter of the alphabet on the Tickets issued.
This number will identify the horse or greyhound in the Race book. For example:
There are six starters in the field, so Tickets are issued with the letters A, B, C, D, E, and F. The Steward draws each letter out in turn and then the letter is allocated to the starter. The result might be:
Entrant No. 1 C
Entrant No. 2 A
Entrant No. 3 F
Entrant No. 4 B
Entrant No. 5 E
Entrant No. 6 D
The result of the Ballot must be notified by loudspeaker to the public, and also placed on the official board of the Racing club.
14 Official Placings
Dividend bearing places shall be determined in accordance with the applicable Rules of Racing.
15 Dividend calculation
15.1 Dividend pool calculation
The Dividend pool is calculated as follows:
Gross Investments; minus
Refunds; minus
Commission of 15%
For example:
Gross Investment $2000 (i.e. value of Tickets sold)
Refunds $0
Commission $300
Dividend Pool $1,700
15.2 Dividend calculation
Note that because the same number of Tickets are sold on each starter in the Race, the Dividends will vary only in accordance with the actual number of starters in each Race.
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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
✨ LLM interpretation of page content
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Equalisator Betting Rules under Racing Act 2003
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🏭 Trade, Customs & IndustryBetting, Racing, Rules, Racing Act 2003, Equalisator, Ticket issuing, Ballot procedure, Dividend calculation