4056 NEW ZEALAND GAZETTE, No. 147 7 NOVEMBER 2013

Change #1

This is a new rule

11.15 Triple Trio Betting with Concession

11.15.1 Interpretation

In Rule 11.15, unless the context otherwise requires: -

“Triple Trio” is a bet type whereby the Investor endeavours to select the First Three Placings in any order in each of the three Races as designated by the Board.

“Dividend Pool” means the aggregate of all investments on a Triple Trio less the deductions for Triple Trio as designated in Appendix 1.

“Concession Pool” means 13.2 per cent of the Dividend Pool.

“First Prize Pool” means 74.8 per cent of the Dividend Pool, together with:

(a) any previous First Prize Pool or Concession Pool which may have been carried forward in accordance with Rules 11.15.5 and 11.15.6; and

(b) any part or all of the Prize Reserve Pool which may have been added to the First Prize Pool under Rule 11.15.7.

“Prize Reserve Pool” means 12 per cent of the Dividend Pool.

“First Three Placings” means the Race Entrants determined as the “First Entrant”, “Second Entrant” and “Third Entrant” respectively according to the Official Result, provided that:

(a) if the judge, stewards or judicial committee make an error regarding such determination and subsequently correct their error in accordance with the Rules of Racing, the First Three Placings shall be the Race Entrants which the judge, stewards or judicial committee, after correcting their error, determine to be the first three Entrants according to the Official Result;

(b) the disqualification of any Race Entrants that have been placed among the first three Entrants shall not affect the determination of the First Three Placings for the purposes of Triple Trio betting if the disqualification resulted from a protest lodged after the expiration of the period allowed by the Rules of Racing for the lodging of such protests;

(c) where a dead heat occurs, the First Three Placings shall be the first three Entrants determined as such according to the Official Result, except that:

(i) a dead heat between two or more Race Entrants may cause the number of Race Entrants eligible to fill the First Three placings to be more than three; and

(ii) where a dead heat occurs for a particular placing, all dead-heating Entrants shall be deemed to hold that placing and the immediate placing or placings below shall be skipped for the purpose of placing the other Entrants. For example, for a dead heat for second place the First Three Placings shall be as follows – “first”, “second”, “second”; and

(d) if the judge, stewards or judicial committee are unable or fail to determine the First Three Placings, the Board may determine the First Three Placings.

11.15.2 Races upon which the Board may conduct Triple Trio betting

Triple Trio betting may be conducted on such Races as the Board may determine from time to time.

11.15.3 Method of Triple Trio betting

A Triple Trio bet is placed by the Investor selecting at least three Race Entrants in each of the three Races of a Triple Trio.

11.15.4 Dividend Pool

The Dividend Pool shall be distributed as follows:

(a) 74.8 per cent of the Dividend Pool shall be allocated to the First Prize Pool;

(b) 13.2 per cent shall be allocated to the Concession Pool; and

(c) 12 per cent shall be allocated to the Prize Reserve Pool.

11.15.5 First Prize Pool

Subject to Rule 11.15.8, the First Prize Pool shall be distributed as follows:

(a) The First Prize Pool shall be distributed equally amongst those units of betting that have selected the First Three Placings in each of the three Races of a Triple Trio.

(b) Where the sum of winning units of betting is less than the Dividend Unit, the First Prize Pool will be declared as the Dividend, and the winning units of betting will receive their proportional share of the First Prize Pool. The balance of the First Prize Pool, less any Prize Reserve funds, will be carried forward and added to the First Prize Pool of the next Triple Trio as determined by the Board.

(c) If no units of betting have selected the First Three Placings in each of the three Races of a Triple Trio, the First Prize Pool in respect of that particular Triple Trio, less any Prize Reserve funds, shall be carried forward and added to the First Prize Pool of the next Triple Trio as determined by the Board.

11.15.6 Concession Pool

Subject to Rule 11.15.12 relating to abandonment, the Concession Pool shall be distributed as follows:

(a) The Concession Pool shall be distributed equally amongst those units of betting that have selected the First Three Placings in both of the first and second Triple Trio Races and failed to select the First Three Placings in the final Triple Trio Race. Note that this means that the entire Concession Pool will be paid out when the sum of successful units is less than the Dividend Unit.