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
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.