MONEY BACK ALWAYS
N.S.W. TOTALISATOR REGULATIONS AMENDED POPULARISING MOVE By Cable. —Press Association.—Copyright Reed. 2.15 p.m. SYDNEY, To-day. With a view to popularising the totalisator, revenue from which, has for some time shown a decreasing tendency, the Government has framed new regulations which will operate from May 23. The chief amendment is that whenever possible, all dividends shall be calculated so as to assure that each investor on a placed horse will receive a return of not less than the unit of investment on which the totalisator is operated. This will ensure that backers of placed horses will at least receive their money back. Another amendment deals with the number of dividends in a race, and provides there will be two dividends if there is not less than four, and not more than seven starters, and three dividends if there are eight or more starters.
The ratio of division for a threedividend race of the amount available for distribution Is fixed at 50 per cent, for the first horse, 3.0 per cent, for the second, and 20 per cent, for the third. The ratios for one and two dividendraces remain unaltered. —A. and N.Z.
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Sun (Auckland), Volume 1, Issue 43, 13 May 1927, Page 11
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194MONEY BACK ALWAYS Sun (Auckland), Volume 1, Issue 43, 13 May 1927, Page 11
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