1. DEFINITIONS

In these rules, unless inconsistent with the context, the word and expressions used have the meaning assigned to them in the national or provincial laws, regulations and rules and –

“ante post bet” means any bet on horseracing, sport or other event or contingency accepted by a bookmaker before the final field is declared;

“approved wagering system” means any wagering system certified as compliant with the requirements of SANS 1718, Part IV, and approved by the relevant PLA;

“betting in running” is when quotes or prices on selected events or contestants are updated during the event. Thus betting occurs after the official start but before the official end of an event;

15 June 2017 Province of the Western Cape: Provincial Gazette Extraordinary 7784 3

“betting slip/ticket” means a manual, mechanical or electronically generated document, making reference to details so as to adequately identify all information on betting transactions either physically concluded with a patron or appearing within the patron’s account information reflected on the wagering system;

“bookmaker” means a person who directly or indirectly lays fixed-odds bets or open bets with members of the public or other bookmakers, or takes such bets with other bookmakers or with the holder of a totalisator licence;

“Cash out bet” means a bet which allows you to take a return on a bet before the selection closes. The return amount is determined by the bookmaker.

“contingency” means an event or occurrence of which the outcome is uncertain or unknown to any person until it happens;

“Connected bet” means a bet where the same selection is picked for two or more different events

“Customer” means a person who places a bet with a licensed bookmaker/totalisator operator. The words customer/punter/investor/bettor shall have a similar meaning, “deduction” refer to Rule 17

“fixed-odds bet” means a bet on one or more contingencies in which odds are agreed at the time the bet is placed;

“fixed place bet” means a place bet at fixed odds that are agreed upon prior to the event subject to there being no deductions or dead heats;

“fixed win bet” means a win bet at fixed odds agreed upon prior to the event subject to there being no deductions or dead heats;

“lay a bet” means the acceptance of a potential financial loss by a licensed bookmaker should the bet win;

“match play “– ‘any sporting event or contingency limited to two participants or markets with two or three possible outcomes’.’’ “match race “– ‘a race limited to two participants’.’’ “multiple bet” or “multiple event bet” or “all to come” (ATC) means more than one selection in different horse races, sporting events or contingencies, combined to form one bet; and is subject to Rule 4 and Rule 5

“open bet” means— (a) a bet, other than a totalisator bet, taken by a bookmaker on one or more contingencies, in which no fixed-odds are agreed at the time the bet is placed; or (b) a bet in respect of which the payout is determined after the outcome of the contingency on which such a bet is struck became known, with reference to dividends generated by a totalisator;

“other contingency” means any lawful event or contingency other than horseracing or a sporting contest;