Illinois Administrative Code
Title 11 - ALCOHOL, HORSE RACING, LOTTERY, AND VIDEO GAMING
Part 301 - WIN, PLACE AND SHOW POOLS
Section 301.20 - Win Pools
Universal Citation: 11 IL Admin Code § 301.20
Current through Register Vol. 48, No. 52, December 27, 2024
a) The amount wagered on the betting interest which finishes first is deducted from the net pool, the balance remaining being the profit; the profit is divided by the amount wagered on the betting interest finishing first, such quotient being the profit per dollar wagered to win on that betting interest.
b) The net win pool shall be distributed as a single price pool to winning wagers in the following precedence, based upon the official order of finish:
1) To those whose
selection finished first; but if there are no such wagers, then
2) To those whose selection finished second;
but if there are no such wagers, then
3) To those whose selection finished third;
but if there are no such wagers, then
4) The entire pool shall be refunded on win
wagers for that contest.
c) If there is a dead heat for first involving:
1) contestants representing the
same betting interest, the win pool shall be distributed as if no dead heat
occurred.
2) contestants
representing two or more betting interests, the win pool shall be distributed
as a profit split.
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