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Racing Regulation and Integrity Regulations 2024
21Settlement of bets: winning bets
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21 Settlement of bets: winning bets
(1) A bookmaker's liability to pay a winning bet arises as soon as correct weight is declared or the all-clear is given for –
(a) the relevant race; or
(b) in the case of a bet in respect of more than one race, the last relevant race.
(2) A bookmaker must pay the full amount of a winning bet to a bettor except where the amount payable includes a fraction of 10 cents, in which case the payment must be made to the nearest 5 cents.