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Winnings = odds x stake + stake. Thus, if you bet NZ$150 on the above-mentioned odds of 4 -1, then your winnings would be: 4/1 x 150 + 150 = NZ$750. There are also odds referred to as Odds on Favourite which are pretty much odds for an outcome that has a high probability of occurring.
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TAB to get more pokies, run virtual horse races in 2020... pokie trusts are required to return a minimum of 40 percent of gross machine proceeds to the community in the form of grants.... which operates TABs throughout this country, wants to do the same. NZRB had asked the Department of Internal Affairs for permission to show and bet on such. Between 2004 - 2012 racing received 6.12 per cent of grants from corporate societies. This figure excludes money the racing industry receives from the New Zealand Racing Board which operates gaming machines at TABs. To operate pokie machines the NZRB must own or lease the premises where the machines are operating. Remarkably you are both 20 years behind the times seeing lotto as a competitor when in fact the casinos and pokies are far more popular because they offer lots of returns even if they are small. Players get to win often even if they lose eventually.
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The promise of Waitangi to the world. Heritage Issue 163 Raumati • Summer 2021 ISSN 1175-9615 (Print) ISSN 2253-5330 (Online) Cover image: Nga wai hono i te po Paki by Erica Sinclair. Editor.
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NZ Rugby lost more than $7 million last year but is estimating a fall in revenue this year of around $100 million. By comparison, NZRB/RITA lost $28.5 million last financial year, and increased bank debt, but did nothing about its ridiculously top-heavy employee level. Money when the outcome depends wholly or partly on chance. The definition of remote interactive gambling includes "gambling by a person at a distance by interaction through a communication device". (Section 4 (1) of the Gambling Act 2003). 2 The Racing Industry Transition Agency (RITA) is a reconstitution of the New Zealand Racing Board (NZRB).
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