✨ Betting Rules Amendments
3184 NEW ZEALAND GAZETTE, No. 136 11 SEPTEMBER 2009
(b) The Board reserves the right to suspend betting on any Fixed Odds Sports Betting Option or selection at any time without notice.
(c) The Board may refuse to accept any bet or part thereof without stating reasons.
(d) It is the responsibility of the Investor to ensure details of their bets are correct.
14.6 Returns
(a) Returns will be paid to bets that have selected a Winning Selection in an Authorised Event, or combination of Authorised Events.
(b) Subject to 14.11(c), bets which have not selected a Winning Selection shall be retained by the Board.
(c) Upon the declaration of the result by the Board, payment of Returns for successful bets shall be made in accordance with these Rules.
(d) Payment of Returns will be made in accordance with the Official Result unless stated otherwise.
(e) The Board shall at all times retain the right to delay the payment of Returns in respect of any Authorised Event, as it sees fit.
(f) All ticket Returns will be rounded in accordance with APPENDIX 1 where applicable.
14.7 Variance of Returns
(a) The Board may set and vary Odds for any Authorised Event or combination of Authorised Events on which Fixed Odds Sports Betting will be conducted.
(b) Subject to Rule 14.13 Dead Heats the Return for a Fixed Odds Sports Bet will be determined at the time the bet is placed.
14.8 Circumstances in which the Board may Lay Off bets
The Board may Lay Off bets for the purpose of limiting the Board’s financial exposure on any particular Authorised Event or Authorised Events.
14.9 Time for Placement of Fixed Odds Sports Bets
(a) Subject to Rules 4.7 Rejection of Investments and 14.13 Dead Heats, in the case of Fixed-Odd Sports Bets placed on results of a combination of Authorised Events, bets will be accepted up until the start of the first Authorised Event in the combination of Authorised Events, or at an advertised time.
(b) Subject to Rules 14.9(c) and (d) if, for any reason, a bet is accepted by the Board and at the time the bet was placed, the event was resolved or at a stage where the Investor could have had an indication of the outcome, those bets may be declared Void and refunded regardless of whether or not the Investor had knowledge of the result.
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NZ Gazette 2009, No 136
✨ LLM interpretation of page content
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Amendments to the Betting Rules
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🏭 Trade, Customs & Industry10 September 2009
Betting Rules, Racing Act 2003, New Zealand Racing Board, Fixed Odds Sports Betting, Sports Betting Conditions