WIN AND PLACE DIVIDENDS

Hawera Star, Volume LII, 19 November 1932, Page 4

WIN AND PLACE DIVIDENDS

DOMINION RACE MEETINGS. CON V ERENCE APPROYAL. (By Telegraph—Pleas Association.) WELLINGTON, Nov. 18. A resolution authorising racing clubs to compute dividends on the system ol win and place has been adopted by the executive committee of the Racing Conference, and regulations carrying into. effect the resolution were issued to-day. The authority, like that oi the special resolutions providing lor the payment of first, second and third dividends, is an optional system only, the alternative method of computing 'dividends on the win and place system may operate only where there are live or more totnlisator numbers. The investments shall he received separately for a win and a place,- and will be shown and dealt with as separate pools. The whole amount of the win, less taxation, will be divided among the backers of the winner, in the ease of the place pool such amount will be divided in two equal parts for the backers of the' first and second horses in fields of five, six or seven runners, and three equal parts for backers of the first, second and third in fields of over seven. If there arc dead heats for any places the place 000 l will he divided in as many equal parts as there are horses in the first three places and allotted accordingly.