✨ Betting Rules Amendments
6 MARCH 2009 NEW ZEALAND GAZETTE, No. 27 751
(a) The Board may terminate any First Prize Pool. If the First Prize Pool is terminated, the First Prize Pool shall be distributed on a Pick6 as determined by the Board, as follows:
(i) The Pick6 First Prize Pool shall be distributed equally amongst those units of betting that have selected the Winner in each of the six Races.
(ii) If there are no units of betting that have selected the Winner in each of the six Races of the Pick6, the First Prize Pool shall be distributed equally amongst those units of betting that have selected the Winners in the greatest number of such Races.
Change #3
New Rules added to Rule 12 CONDITIONS APPLICABLE TO FIXED ODDS RACE BETTING as follows:
12.1 Interpretation
In Rule 12, unless the context otherwise requires:–
“Lay Off” means to place all or part of a fixed odds bet accepted by the Board on another betting system.
12.4 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 Race or Races.
Change #4
New Rules added to Rule 14 CONDITIONS APPLICABLE TO FIXED ODDS SPORTS BETTING as follows:
14.1 Interpretation
In Rules 14, 15 and 16, unless the context otherwise requires:–
“Lay Off” means to place all or part of a fixed odds bet accepted by the Board on another betting system.
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.
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NZ Gazette 2009, No 27
✨ LLM interpretation of page content
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Amendments to the Betting Rules
(continued from previous page)
🏭 Trade, Customs & Industry5 March 2009
Racing Board, Betting Rules, Racing Act 2003, Termination, First Prize Pool, Pick6