Tasmanian Numbered Regulations

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RACING (BOOKMAKER BETTING) REGULATIONS 2015 (S.R. 2015, NO. 105) - REG 21

Place bets
The following conditions apply to a place bet:
(a) the bet is off if it is made at starting price and –
(i) fewer than 8 competitors start in the relevant race; or
(ii) the favourite for the relevant race starts at odds on;
(b) the bet is on –
(i) first, second and third if 8 or more competitors are entered in the relevant race when the bet is made; or
(ii) first and second if 5 or more (but fewer than 8) competitors are entered in the relevant race when the bet is made;
(c) the bookmaker may lay the odds for a win and place in the relevant race if the bookmaker bets win and place in respect of every competitor in that race;
(d) if a bookmaker lays the odds for a win and place pursuant to paragraph (c) , the odds for a place are to be –
(i) one-fourth of the odds for a straight out win if 8 or more competitors are entered in the relevant race when the bet is made; or
(ii) one-third of the odds for a straight out win if 5 or more (but fewer than 8) competitors are entered in the relevant race when the bet is made.



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