New Zealand Gazette – 2009 – No. 2

Page 76

✨ Betting Rules Amendments

76 NEW ZEALAND GAZETTE, No. 2 9 JANUARY 2009

11.13.3 Method of Quaddie betting

A Quaddie bet is placed by the Investor selecting a Race Entrant or Entrants in each of the four Races of a Quaddie.

11.13.4 Dividend Pool

Subject to Rule 11.13.5 relating to Dead Heats and Rule 11.13.9 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 Winner in each of the four Races of a Quaddie, 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 the 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 Quaddie Race as determined by Board policy.

(c) If no unit of betting has selected the Winners in all four Races of the Quaddie, the Dividend Pool shall be carried forward and added to the Dividend Pool of the Succeeding Quaddie Race as determined by Board policy.

(d) In circumstances where the 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 then the dividend may be less than the dividend unit.

11.13.5 Dead Heats

If a dead heat or dead heats occur in one or more Quaddie Races:

(a) The Dividend will be calculated by firstly dividing the Dividend Pool into a number of parts corresponding to the number of combinations that would entitle a unit of betting specifying one of those combinations to a Dividend under Rule 11.13.4. and, secondly, dividing each part of the Dividend Pool by the number of actual bets which specified the respective combination.

(b) Each unbacked combination that would entitle a unit of betting specifying one of those combinations to a Dividend under Rule 11.13.4. will be carried forward to and added to the Quaddie Dividend Pool of the Succeeding Quaddie Race as determined by Board Policy.

(c) Which results in there being more than eight winning combinations in a Quaddie, for the purpose of the declaration of dividends:

Gazette.govt.nz — NZ Gazette 2009, No 2

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

🏭 Amendments to the Betting Rules (continued from previous page)

Domain🏭 Trade, Customs & Industry
Dated8 January 2009
KeywordsRacing, Betting Rules, Racing Act 2003, Amendments, Dividends, Quaddie Betting

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