Wednesday, 17 August 2016 14:14

CPMA Memorandum: Exchange rates in foreign fractional pools

Written by Steve Suttle
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MEMORANDUM TO: All Canadian Associations
SUBJECT: Exchange rate application when accepting fractional bets and participating in foreign hosted pari-mutuel pools

This is further to the September 22, 2011 Memorandum addressing Canadian associatlons accepting fractional bets when participating in foreign hosted pari-mutuel pools.

In order to allow all Canadian associations to offer $.20 bets when participating in foreign-hosted pools, Including those involving a Sportech pari-mutuel (Tote) system, CPMA will permit the exchange rate to be entered at the foreign pool
host.

Canadian associations continue to be responsible for establishing a procedure and for ensuring compliance with subsection 51(4) of the Pari-Mutuel Betting Supervisor Regulations.

Should you have any questions please contact the CPMA at 1-800~268-8835, or by email at This email address is being protected from spambots. You need JavaScript enabled to view it.

Steve Suttle

Read 859 times Last modified on Wednesday, 17 August 2016 14:22