✨ Amendment to Totalisator Race Bet Rules
4784 NEW ZEALAND GAZETTE, No. 184 28 NOVEMBER 2008
First Four Placings shall be as follows – “first”, “second”, “second”, “fourth”; and
(d) If the judge, stewards or judicial committee are unable or fail to determine the First Four Placings, the Board may determine the First Four Placings.
“Succeeding First4 Race” means in relation to a First4 Race (“Initial First4 Race”):
(a) The next First4 Race (if any) conducted at the same Meeting as the Initial First4 Race;
or if there is none
(b) A First4 Race at a meeting selected by the Board.
11.12.2 Race upon which the Board may conduct First4 betting
First4 betting may be conducted on such Races as the Board may determine from time to time.
11.12.3 Method of First4 betting
A First4 bet is placed by the Investor selecting a Race Entrant or Entrants to finish in each of the first four places in a First4 Race.
11.12.4 Dividend Pool
Subject to Rule 11.12.5 relating to Dead Heats and Rule 11.12.8 relating to Termination, the Dividend Pool shall be distributed as follows:
(a) The Dividend Pool shall be distributed equally amongst those units of betting that have selected the First Four Placings in the correct order in the First4 Race, provided that the sum of those winning units of betting is equal to or greater than the Dividend Unit.
(b) Where the sum of winning units of betting is less than the Dividend Unit, the Dividend Pool will be declared as the Dividend and winning units of betting will receive their proportional share of the Dividend Pool. The balance of the Dividend Pool will be carried forward and added to the Dividend Pool of the Succeeding First4 Race as determined by Board policy.
(c) If no unit of betting has selected the First Four Placings in the correct order in a First4 Race, the Dividend Pool shall be carried forward and added to the Dividend Pool of the Succeeding First4 Race as determined by Board policy.
(d) In circumstances where a Dividend Pool is terminating and there are no Winners, i.e countback provisions have been exhausted and the Dividend Pool is distributed amongst all units of betting e.g the winning Entrant is Any/Any/Any/Any, then the dividend may be less than the dividend unit.
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NZ Gazette 2008, No 184
✨ LLM interpretation of page content
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Amendment to Totalisator Race Bet Rules
(continued from previous page)
🏭 Trade, Customs & IndustryBetting Rules, First4 Betting, Scratchings, Race Abandonment