Tasmanian Numbered Regulations
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RACING (BOOKMAKER BETTING) REGULATIONS 2015 (S.R. 2015, NO. 105) - REG 3
Interpretation
(1) In these regulations Act means the Racing Regulation Act
2004 ;
all-clear means a signal given after a race to indicate that the
controlling stewards are satisfied that (a) the finishing order of
the competitors is correct; and
(b) there are no protests;
all-in , in
relation to a bet, means that (a) the bet stands whether or not
the competitor backed by the bettor starts in the relevant race; and
(b) no
refund is payable in respect of the bet;
all-up bet means a bet
that (a) is in respect of a series of 2 or more races being held
during the same race meeting; and
(b) provides for the bettor's winnings, if
any, from one race in the series to be automatically reinvested on the next
race in the series, and so on, until the series is exhausted;
betting
supervisor means a person appointed as a betting supervisor under
section 51(1)(b) of the Act;
concession bet means a bet on the contingency
that a competitor backed by the bettor will win a race, with the stake being
refunded to the bettor if that competitor is placed second in that race;
controlling official , for an event, means the person or body that is
empowered, under the rules governing the event, to do either or both of the
following: (a) determine or declare the official result of the event;
(b)
adjudicate protests in respect of the event;
controlling stewards , for a
race, means the stewards having control of the race meeting, during which the
race is held, at the time the race is held;
correct weight means a declaration
given after a race indicating that the controlling stewards for the race are
satisfied that the competitors carried their allocated weight during the race;
doubles bet means a bet that requires the bettor to back the winner of 2
races;
each-way bet means a bet on the contingency that a competitor backed by
the bettor will be placed in a race;
event means (a) an approved
sports event; or
(b) a segment of an approved sports event;
face value , of a
betting ticket, means the total sum of money that is payable to the bettor
(including the stake) if the bettor wins the bet for which the betting ticket
is issued;
fielding , in relation to a race, race meeting, racecourse or
event, means engaging in bookmaking on the racecourse in respect of that race,
race meeting, racecourse or event;
fixed-price bet means a bet at a price that
is fixed when the bet is made;
made , for a bet, means the placement of the
bet by a bettor and the acceptance of the bet by a bookmaker;
multiple bet
means a bet that requires the bettor to back the winner of more than 2 races;
odds and evens bet means a bet on the contingency that an odd-numbered
competitor or an even-numbered competitor backed by the bettor will win a
race;
odds on means rated at odds of less than 1:1 to win;
place bet
means (a) a bet on the contingency that a competitor backed by the
bettor will be placed in a particular race; or
(b) a bet on the contingency
that competitors backed by the bettor will be placed in particular races;
placed , for a competitor in a race, means (a) if 8 or more
competitors were entered in the race, that the competitor came first, second
or third; or
(b) if 5 or more (but fewer than 8) competitors were entered in
the race, that the competitor came first or second;
points start means the
handicap given on a bet that aims to predict the result of an event, taking
into account that handicap;
protest means any protest against, objection to or
dispute about the result of a race, being a protest, objection or dispute that
complies with the Rules of Racing ;
race means a horse race or greyhound race;
relevant betting ticket , for a bet, means the betting ticket issued for the
bet;
relevant event , for a sports bet, means the event in respect of which
the bet is made;
relevant race , for a bet, means the race in respect of which
the bet is made;
return , for a bet, means the return to the bettor;
scratch
means to withdraw a competitor from a race before it starts;
segment means
something that (a) is generally recognised as forming a discrete
part or phase of an event; and
(b) is capable of being the subject of sports
betting in its own right
whether (according to the terminology
traditionally used for the event) it is referred to as a heat, hole, innings,
leg, match, race, round, rubber, set, stage or as something else;
special race
means (a) a Group race, as defined in the Rules of Racing ; or
(b)
a race that the Director, by notice published in the Gazette on or before the
day the race is scheduled to be held, declares to be a special race;
sports
bet means a bet on a contingency relating to an event;
Sports Betting Rules
means the Sports Betting Rules made, and in force, under section 110 of the
Act;
sports bookmaking means bookmaking in respect of events;
stake means the
money outlaid by a bettor when placing a bet, whether the bet is paid for when
it is placed or afterwards;
starting price , for a race, means the final price
offered on the competitors by a majority of the bookmakers fielding on the
race when it starts (as determined by the betting supervisor) or, if no
bookmakers are fielding on the race, the final totalizator price on those
competitors;
tie , for a win or place in an event, means (according to the
terminology traditionally used for events of that kind) a tie, draw, dead heat
or even, equal or level placing for the win or that place;
tie-breaker , for
an event, means (according to the terminology traditionally used for events of
that kind) the extra-time, play-off, replay, shoot-out or other process that
is used to determine a result if at the end of normal time there is a tie;
3
or 4 placed competitors bet means a bet that requires the bettor to back, from
each race in a group of 3 or 4 races displayed on the bookmaker's board, a
competitor to run a place, where each competitor's odds have been displayed on
the bookmaker's board and been added together to achieve bet-value (
"bet-value" being the overall odds payable on a winning bet);
walk-over means
a race in which only one competitor starts.
(2) A notice referred to in paragraph (b) of the
definition of special race in subregulation (1) is not a
statutory rule.
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