✨ Amendments to Betting Rules
10 MARCH 2011 NEW ZEALAND GAZETTE, No. 26
785
Change #9
Rule 14 CONDITIONS APPLICABLE TO FIXED ODDS SPORTS BETTING is amended as follows:
14.16 Limitation on maximum Return
There is a limit on the maximum amount that can be won by one Investor on Fixed Odds Sports Bets, Multi and Boxed Multi bets. The current maximums are detailed in APPENDIX 1. These limits will apply to any one Investor in any one day’s business, and where there is a mix of products the lowest limit will apply. These limits will be applied even if the bet is struck and the calculated theoretical Return exceeds the maximum.
Should the Board have reason to believe that a number of bets have been placed by one Investor, or group of Investors acting together, backing the same combination of selections even if it is done in a series of bets, at a range of prices, over a number of days using different Betting Accounts or betting channels the total Return for all those bets combined will be limited to one single maximum Return.
Change #10
Rule 16 CONDITIONS APPLICABLE TO MULTI BETTING is amended as follows:
16.1 Interpretation
“Multi Return” means the product of Multi Odds times the Investment, subject to Rules 12.5, 14.16 and APPENDIX 1.
Change #11
APPENDIX 1 Maximum returns for Fixed Odds Betting is amended as follows:
APPENDIX 1
NB: The dividend, refund and return rounding is down to the amount stated in the table.
The Payout Rounding is down to the amount stated in the table.
| BET TYPE | DIVIDEND UNIT | STATUTORY DEDUCTION | DIVIDEND, REFUND, RETURN ROUNDING | PAYOUT ROUNDING | % BETTING? |
|---|---|---|---|---|---|
| Win | $1 | 14.50% | Nearest 10c | Nearest 10c | NO |
| Place | $1 | 14.25% | Nearest 10c | Nearest 10c | NO |
| Quinella | $1 | 21.00% | Nearest 10c | Nearest 10c | NO |
| Trifecta | $1 | 25.00% | Nearest 10c | Nearest 10c | YES |
| First4 | $1 | 25.00% | Nearest 10c | Nearest 10c | YES |
| Double | $1 | 25.00% | Nearest 10c | Nearest 10c | NO |
| Double with concession | $1 | 25.00% | Nearest 10c | Nearest 10c | NO |
| Treble | $1 | 25.00% | Nearest 10c | Nearest 10c | YES |
| Quaddie | $1 | 25.00% | Nearest 10c | Nearest 10c | YES |
| Pick 6 | 50c | 26.00% | Nearest 10c | Nearest 10c | YES |
| Pick 6 with concession | 50c | 26.00% | Nearest 10c | Nearest 10c | YES |
| Sixpack | 50c | 26.00% | Nearest 10c | Nearest 10c | YES |
| Sixpack with concession | 50c | 26.00% | Nearest 10c | Nearest 10c | YES |
| TAB National Syndicate | $1 | 0.00% | Nearest 10c | Nearest 10c | NO |
| Pick the Score | $1 | 25.00% | Nearest 10c | Nearest 10c | NO |
| Pools | $1 | 32.50% | Nearest 10c | Nearest 10c | NO |
| MIN. INVESTMENT | MIN. ODDS | DIVIDEND, REFUND, RETURN ROUNDING | PAYOUT ROUNDING | MAX. ODDS | MAX. RETURN | |
|---|---|---|---|---|---|---|
| Fixed Odds Race Bet | $5 | $1 | Nearest 10c | Nearest 10c | – | $500,000 |
| Fixed Odds Sports Bet | $5 | $1 | Nearest 10c | Nearest 10c | – | $500,000 |
| Multi FOB | $5 | $1 | Nearest 10c | Nearest 10c | $10,000 | $250,000 |
| Boxed Multi FOB | $5 | $1 | Nearest 10c | Nearest 10c | $10,000 | $500,000 |
These Rules come into force on 12 April 2011.
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NZ Gazette 2011, No 26
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