BETTING CONTROL REGULATIONS 1978 - REG 83

BETTING CONTROL REGULATIONS 1978 - REG 83

83 .         Local on‑course totalisator dividend as declared

        (1)         The local on‑course totalisator dividend for a unit of 50 cents is to be as declared by the racing club or other organisation controlling, and in accordance with the regulations or rules governing the operation of, that totalisator pool.

        (2)         Subject to these regulations and the rules of wagering, the local on‑course totalisator is to —

            (a)         after allowing for refunds, deduct the prescribed commission from the sum of the bets included in the totalisator pool; and

            (b)         calculate, declare and pay the dividend in respect of each unit to the holder of each winning ticket.

        (3)         Except where a race results in a dead heat, and a dead heat is not an outcome that can be nominated in the bet, the minimum dividend in respect of a bet for a unit of 50 cents —

            (a)         is not to be less than 50 cents; and

            (b)         despite the dividend calculated being less than 55 cents, may be declared and paid by the local on‑course totalisator or the organiser of another totalisator pool, (as the case may be), as a dividend somewhere between 50 cents and 55 cents, as determined by the local on‑course totalisator or the organiser of the other totalisator pool.

        [Regulation 83 inserted: Gazette 21 Jul 2006 p. 2677‑8; amended: Gazette 8 Mar 2016 p. 669.]