Illinois Administrative Code
Title 11 - ALCOHOL, HORSE RACING, LOTTERY, AND VIDEO GAMING
Part 301 - WIN, PLACE AND SHOW POOLS
Section 301.30 - Place Pools

Universal Citation: 11 IL Admin Code § 301.30

Current through Register Vol. 48, No. 52, December 27, 2024

a) The amounts wagered to place on the first two betting interests to finish are deducted from the net pool, the balance remaining being the profit; the profit is divided into two equal portions, one being assigned to each winning betting interest and divided by the amount wagered to place on that betting interest, the resulting quotient being the profit per dollar wagered to place on that betting interest.

b) The net place pool shall be distributed to winning wagers in the following precedence, based on the official order of finish:

1) If contestants of a coupled entry or mutuel field finished in the first two places, as a single price pool to those who selected the coupled entry or mutuel field; otherwise

2) As a profit split to those whose selection is included within the first two finishers; but if there are no such wagers, then

3) As a single price pool to those who selected the one covered betting interest included within the first two finishers; but if there are no such wagers, then

4) As a single price pool to those who selected the third place finisher; but if there are no such wagers, then

5) The entire pool shall be refunded on place wagers for that contest.

c) If there is a dead heat for second involving:

1) contestants representing the same betting interest, the place pool shall be distributed as if no dead heat occurred.

2) contestants representing two or more betting interests, the place pool shall be divided with one-half of the profit distributed to place wagers on the betting interest finishing first and the remainder is distributed equally among place wagers on those betting interests involved in the dead heat for second.

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