New Zealand Gazette – 2009 – No. 2

Page 77

✨ Betting Rules Amendments

9 JANUARY 2009 NEW ZEALAND GAZETTE, No. 2

(i) All placings that result in there being more than eight winning combinations in that Quaddie will not be taken into account; and

(ii) The Dividends 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;

(iii) 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 Pool of the Succeeding Quaddie Race as determined by Board Policy.

11.13.6 Scratchings
Where a Race Entrant is Scratched from any of the four Races of a Quaddie, the Board will substitute an alternative selection for that Entrant after the closing time for receipt of Quaddie bets.

11.13.7 Refunds
After the closing time for Quaddie Investments, no Investor shall obtain a refund except where all Races of the Quaddie have been abandoned, in accordance with Rule 11.13.8.

11.13.8 Abandonments

(a) Where any Race in a Quaddie is abandoned, all Selections on that Race shall be deemed to be winners and the Dividend Pool will be divided on that basis.

(b) Where all Races of a Quaddie are abandoned:

(i) all units of Quaddie betting will be refunded; and

(ii) any amount brought forward from any previous Quaddie shall be carried forward to the Quaddie Pool on the Succeeding Quaddie Race.

11.13.9 Termination
Subject to Rule 11.13.8 relating to Abandonments, the Board may terminate any Dividend Pool.

(a) The Dividend Pool shall be distributed equally amongst those units of betting that have selected the Winner in each of the four Races.

(b) If there are no units of betting that have selected the Winner in each of the four races of the Quaddie, the Dividend Pool shall be distributed equally amongst those units of betting in accordance with the following count-back system:

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

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✨ 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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