Current through September 9, 2024
(a)
Estimating the winnings.
(1) In
estimating the value of a race to the winner, there shall be deducted only the
amount of money payable to the owners of the other horses and to other persons
out of the stakes and out of the added money.
(2) In estimating foreign winnings, the
current rate of exchange at the time of such winnings shall be
adopted.
(3) The value of prizes
not in money will not be estimated in value of the race to the
winner.
(4) In estimating the value
of a series of races in which an extra sum of money or prize is won by winning
two or more races, the extra sum or prize shall be estimated in the last race
by which it was finally won.
(b)
Surplus to winner. In all
races, should there be any surplus from entries or subscriptions over the
advertised value, it shall he paid the winner, unless stated by the conditions
to go to other horses in the race.
(c)
Winnings defined.
(1) Winnings during the year shall include
all prizes from first of January preceding to the time appointed for the start
and shall apply to all races in any country; and winning shall include dividing
or walking over.
(2) Winning of a
fixed sum is understood to be winning it in one race, unless specified to the
contrary.
(d)
In a
walkover.
(1) In case of a walkover,
one-half of the money offered to the winner is given.
(2) When a walkover is the result of
arrangement by owners of horses engaged, no portion of the added money nor any
other prize shall be given.
(e)
Disposition of money or
prize. Any money or prize which, by the conditions of the race is to go
to the horse placed second or in any lower place in the race, shall, if the
winner has walked over or no horse has been so placed, be dealt with as
follows:
(1) If part of the stake, it shall
go to the winner.
(2) If a separate
donation from the association or any other source, it shall not be given at
all.
(3) If entrance money for the
race, it shall go to the association.
(f)
Race not run or void. It a
race never be run or void, all moneys paid by an owner in respect to that race
shall be returned.
(g)
When
race declared void. A race may be declared void if no qualified horse
covers the course according to rules.
