2 AUGUST 2012 NEW ZEALAND GAZETTE, No. 92 2553

Change #5
APPENDIX 4 is amended as follows:

FINAL FIELD DEDUCTION FORMULA

The nearest whole number percentage, using Swiss Rounding, obtained by dividing 80 by the product of the number of RBPs multiplied by the Odds for the Race Entrant at the time it was Scratched from a Race, provided the Odds are less than or equal to Maximum Deduction Odds

= 80/(RBPs x Odds) (Rounded to nearest whole number).

Maximum Deduction Odds shall be $35.00

Example: Where a Race Entrant paying $5.00 to Win and $1.33 for a place (3 RBPs) is Scratched, the Return on successful Final Field Win Bets placed prior to that Scratching will be subject to a deduction of 16% (80/(1x5)). Successful Final Field Place Bets will be subject to a deduction of 20% (80/(3x1.33)).

Change #6
Rule 12.19 SPECIAL OPTIONS is amended as follows:

12.25 Special Options

From time to time the Board may offer special options on Fixed Odds Race Betting. The applicable condition relating to that special option will be displayed in the option notation on the Board’s website at the time of offering the market.

Change #7
Rule 12.20 DECISIONS OF THE BOARD ARE FINAL is amended as follows:

12.26 Decisions of the Board are Final

All decisions of the Board concerning Fixed Odds Race Betting, including the declaration and payment of Returns and the interpretation of these Rules, shall be final and binding upon all Investors and upon every person making a claim under these Rules.

Change #8
New Rule

12.19 Winning Margin Betting

(a) Margin betting will be available on selected races and is paid on the official margin (winning distance) between the 1st and 2nd horses as declared by the Judge.

(b) Margins results are settled on a first past the post basis. Any subsequent changes in 1st and/or 2nd placings, have no bearing on official margins and are ignored for settlement purposes.

(c) A race must have at least two starters, otherwise the Option will be abandoned and all bets refunded. In the event of only one Race Entrant finishing a race, the highest margin selection will be deemed the winner. Where no official result is declared (no finishers or a no-race) the Option will be abandoned and all bets refunded.

(d) No changes to margins at a later date will change the winning margin selection that has already been paid.

Change #9
New Rule

12.20 Favourites Challenge

Odds will be offered on how many races, at a particular meeting, will be cumulatively won by the Favourite in each race. The Favourite in each race will be unique, and will be the runner declared as the "Sub" for Totalisator betting on the New Zealand TAB after each race is paid. If a Favourite Dead-Heats for 1st, it will be counted as half a win. Unless the result has already been determined – ie the highest number of Favourites selection has already been attained, if the meeting is abandoned at any point, then the option will be abandoned and all bets refunded.

Change #10
New Rule

12.21 Group versus Group Betting

(a) Odds will be offered on two or more Groups of two or more runners within one race.

Examples:

Fancies vs The Rest (two favoured runners versus the balance of the field).

Fillies and Mares vs Colts, Geldings and Entires.

Location of Winning Trainer (North Island, South Island, Australia).

(b) Group versus Group betting will only be offered on Races where Final Field Win betting is also offered. The scratching from any Group, of any Race Entrant paying less than $10 on the Final Field Win Option at the time of scratching will cause the Group versus Group Option to be abandoned and all bets Refunded. All Group versus Group Bets will stand if such a scratching is paying $10 or more on the Final field Win Option.

(c) Where the entire race field is included within the Groups, the winning Group will be the one that includes the Winner. Dead Heat Rules apply.

(d) Where the entire field is not included within the Groups, the winning Group will be the one that includes the highest placed entrant from all of the Groups. Dead Heat Rules apply.