RULES AND CONDITIONS: |
1. | A minor gaming permit is required to conduct the game. |
2. | Persons under the age of eighteen years may not participate in the game. |
3. | The cost of entry to each participant must be equal and that the cost must not exceed $100. |
4. | The allotment of 'play money' is to be the same for each participant. |
5. | A person may only enter once for each game. |
6. | There shall be no betting between participants |
7. | There shall be no exchanging of 'play money' between participants. |
8. | The game may be conducted over more than one session with a predetermined number of participants progressing to the next session. |
9. | Participants are to place 'play money' bets on nominated horse races or sporting events conducted during the session. |
10. | Winners will be determined by ranking the participants with the highest accumulated 'play money' total at the end of the designated betting session. |
11. | A participant must 'wager' at least 50% of their allotted 'play money' during a session. |
12. | All entry fees, without any deduction, will contribute to the total prize pool and will be distributed as prizes. |
13. | The total prize pool must not exceed $10 000. |
14. | Any one game must be concluded within two sessions held during a time period of no longer than eight (8) days. |
RECORDS TO BE RETAINED |
15. | All records in relation to this game must be retained for a minimum of seven (7) years. |
QUICK FACTS - A minor gaming permit is required.
- Persons under the age of eighteen years may not participate.
- The cost of entry must not exceed $100
- The total prize pool must not exceed $10 000
The total prize pool, without deduction, must be distributed as prizes. |
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If you would like further information, please contact the Tasmanian Liquor and Gaming Commission |