Pari-Mutuel Betting Supervision Regulations

51 (1) No association shall conduct pari-mutuel betting on races that are not held in accordance with the applicable rules of racing.

(2) No association shall offer a type of bet that is not expressly authorized under its permit.

(3) The Executive Director may set out terms and conditions in the association’s permit governing each type of bet.

(4) Where a bet is made in foreign currency, the value of the bet for the purposes of calculating the applicable deductions and pay-out prices shall be determined by converting the foreign currency into Canadian currency at the rate of exchange between the Canadian dollar and that foreign currency as quoted by the Bank of Canada at noon on the day immediately preceding the day on which the post time of the first race of the racing card is scheduled.