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RA 309 Section 15

RA 309 Section 15

Betting.

Section 15

SEC. 15. Betting.—The face-value of totalizator tickets for wager may be one peso, two pesos or five pesos, whether for win, place, or show. The face-value of said tickets, as the case may be, shall be the basis for the computation of dividends, and such dividends shall be paid after eliminating fractions of ten centavos: for example, if the resulting dividend is ten pesos and ninety-eight centavos, the dividend that shall be paid will be only ten pesos and ninety centavos. If no ticket has been sold on a winning horse, whether for win, place or show, the dividends corresponding to such race shall be paid out to the holders of tickets sold on the horses that finished dead heat, or on the horse that finished next to that on which not a single ticket was sold: Provided, That the owner of said winning horse shall be entitled to the corresponding stake or prize.

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Other provisions in RA 309

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationRA 309 Section 15 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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