New Zealand Gazette – 2007 – No. 85

Page 2223

✨ Betting Rules Explanation

30 JULY 2007

NEW ZEALAND GAZETTE, No. 85

15.2.1 Win pool

The Dividend is calculated by dividing the Dividend pool by the number of winning units. In the following example there are 8 runners in the Race and the Tickets are sold for $1.00.

Value of Tickets sold $2,000
Refunds $0
Commission of 15% $300
Dividend pool $1,700
Winning units 250
Dividend $6.80
Rounding $0.00
Dividend declared $6.80

If there is a dead heat for first, the Dividend will be divided by the number of placings (usually 2). In the above example the Dividend will be calculated as $3.40 and the Dividend to be paid $3.40.

15.2.2 Place pool

The Dividend is calculated in the same manner as the win pool, and the Dividend will be the same for each runner. In the following example there are 8 runners in the Race and the Tickets are sold for $1.00.

Value of Tickets sold $2,000
Refunds $0
Commission of 15% $300
Dividend pool $1,700
Winning units 750 (250 on each of the three place-getters)
Dividend $2.26 for each place Dividend
Rounding $0.06 for each place Dividend
Dividend declared $2.20 for each place Dividend

Note that if a dead heat occurs for third and there are four place-getters, the Dividend would be reduced to $1.70.

VUW Te Waharoa — NZ Gazette 2007, No 85

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

Parliament House (depicted) was completed in 1918 and remains the primary seat of Parliament.

✨ LLM interpretation of page content

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

Domain🏭 Trade, Customs & Industry
KeywordsBetting, Racing, Rules, Racing Act 2003, Equalisator, Ticket issuing, Ballot procedure, Dividend calculation, Win pool, Place pool

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