Current through Register Vol. 50, No. 9, March 1, 2024
RELATES TO:
KRS
230.210,
230.215,
230.260,
230.361,
230.3615,
230.990
NECESSITY, FUNCTION, AND CONFORMITY:
KRS
230.215(2) grants the
Kentucky Horse Racing Commission the authority to regulate conditions under
which horse racing and pari-mutuel wagering thereon shall be conducted in
Kentucky.
KRS
230.361(1) requires the
commission to promulgate administrative regulations governing wagering under
the pari-mutuel system of wagering. This administrative regulation establishes
the calculation of payouts and the distribution of pools for pari-mutuel
wagering on live horse races.
Section
1. Definitions.
(1) "Broken
consolation price" means the profit per dollar, plus one (1) dollar, rounded
down to the break point.
(2)
"Consolation payout" means a payout to individuals who do not correctly choose
all of the selections in a multiple-pick wager, or a payout to individuals who
wager on a horse in a multi-pick wager that is subsequently
scratched.
(3) "Covered betting
interest" means a betting interest or combination of betting interests that has
been wagered upon.
(4) "Gross pool"
means the sum of all wagers less refunds.
(5) "Individual" means a natural person, at
least eighteen (18) years of age, except does not include any corporation,
partnership, limited liability company, trust, or estate.
(6) "Multi-commission pari-mutuel pool" means
a pari-mutuel pool where entities accepting wagers use different takeout
rates.
(7) "Performance" means a
specified number of races on a given race day that constitutes a full card of
racing.
(8) "Profit" means the net
pool less the gross amount wagered if using the standard price calculation
procedure and the net pool less the net amount wagered if using the net price
calculation procedure.
(9) "Profit
split" means to calculate a payout by splitting a pari-mutuel pool equally
between each winning combination and dividing each portion by the number of
winning tickets.
(10) "Single
commission pari-mutuel pool" means a pari-mutuel pool where all entities
accepting wagers use the same takeout rate.
(11) "Single price pool" means a pari-mutuel
pool in which the entire profit is paid to holders of winning tickets after the
deduction of the takeout.
(12)
"Unbroken consolation price" means the profit per dollar plus one (1)
dollar.
Section 2.
General Requirements for Live Horse Races.
(1)
All pari-mutuel pools for live races shall be separately and independently
calculated and distributed. The takeout shall be deducted from each gross pool
as stipulated by
KRS
230.3615. The remainder of the pool shall be
the net pool for distribution as payoff on winning pari-mutuel
wagers.
(2)
(a) Single commission pari-mutuel pools may
be calculated using either the standard price calculation procedure or the net
price calculation procedure.
(b)
Multi-commission pari-mutuel pools shall be calculated using the net price
calculation procedure.
(3) The standard price calculation procedure
shall be as follows:
(a) Single price pools -
Win pool
Gross Pool
|
=
|
Sum of Wagers on all Betting Interests -
Refunds
|
Takeout
|
=
|
Gross Pool x Percent Takeout
|
Net Pool
|
=
|
Gross Pool - Takeout
|
Profit
|
=
|
Net Pool - Gross Amount Bet on Winner
|
Profit Per Dollar
|
=
|
Profit / Gross Amount Bet on Winner
|
$1
Unbroken Price
|
=
|
Profit Per Dollar + $1
|
$1
Broken Price
|
=
|
$1 Unbroken Price Rounded Down to the Break
Point
|
Total Payout
|
=
|
$1 Broken Price x Gross Amount Bet on Winner
|
Total Breakage
|
=
|
Net Pool - Total Payout
|
(b)
Profit split - Place pool. Profit shall be net pool less gross amount bet on
all place finishers. Finishers shall split profit 1/2 and 1/2 (place profit),
then divide by gross amount bet on each place finisher for two (2) unique
prices.
(c) Profit split - show
pool. Profit shall be net pool less gross amount bet on all show finishers.
Finishers shall split profit 1/3 and 1/3 and 1/3 (show profit), then divide by
gross amount bet on each show finisher for three (3) unique prices.
(4) The net price calculation
procedure shall be as follows:
(a) Single
price pool - Win pool
Gross Pool
|
=
|
Sum of Wagers on all Betting Interests -
Refund
|
Takeout
|
=
|
Gross Pool x Percent Takeout for Each Source
|
Net Pool
|
=
|
Gross Pool - Takeout
|
Net Bet on Winner
|
=
|
Gross Amount Bet on Winner x (1 - Percent
Takeout)
|
Total Net Pool
|
=
|
Sum of All Sources Net pools
|
Total Net Bet on Winner
|
=
|
Sum of All Sources Net Bet on Winner
|
Total Profit
|
=
|
Total Net Pool - Total Net Bet on Winner
|
Profit Per Dollar
|
=
|
Total Profit / Total Net Bet on Winner
|
$1 Unbroken Base Price
|
=
|
Profit Per Dollar + $1 for each source:
|
$1 unbroken price
|
=
|
$1 Unbroken Base Price x (1 - Percent Takeout)
|
$1 Broken Price
|
=
|
$1 Unbroken Price Rounded Down to the Break
Point
|
Total Payout
|
=
|
$1 Broken Price x Gross Amount Bet on Winner
|
Total Breakage
|
=
|
Net Pool - Total Payout
|
(b)
Profit split - Place pool. Total profit shall be the total net pool less the
total net amount bet on all place finishers. Finishers shall split total profit
1/2 and 1/2 (place profit), then divide by total net amount bet on each place
finisher for two (2) unique unbroken base prices.
(c) Profit split - Show pool. Total profit
shall be the total net pool less the total net amount bet on all show
finishers. Finishers shall split total profit 1/3 and 1/3 and 1/3 (show
profit), then divide by total net amount bet on each show finisher for three
(3) unique unbroken base prices.
(5) Each association shall disclose the
following in its license application, incorporated by reference in
810 KAR
3:010:
(a) Which
price calculation method it will use for single commission pari-mutuel
pools;
(b) The ticket denominations
for each type of pari-mutuel wager;
(c) The procedures for refunds of pari-mutuel
wagers;
(d) The takeout for each
type of pari-mutuel wager;
(e)
Which pari-mutuel wagers will include carryover and consolation pools and the
percentages of the net pool assigned to each; and
(f) For each type of pari-mutuel wagering
involving more than one (1) live horse race, the procedures to be used if a
race is cancelled.
(6)
The individual pools described in this administrative regulation may be given
alternative names by each association if prior approval is obtained from the
commission.
(7) A mutuel entry or a
mutuel field in any race shall be a single betting interest for the purpose of
each of the wagers described in this administrative regulation and the
corresponding pool calculations and payouts. If either horse in a mutuel entry,
or any horse in a mutuel field, is a starter in a race, the entry or the field
selection shall remain as the designated selection for any of the wagers
described in this administrative regulation and the selection shall not be
deemed scratched.
Section
3. Pools Dependent Upon Entries for Live Horse Races.
(1) Except as provided in subsection (3) of
this section, when pools are opened for wagering all associations may:
(a) Offer win wagering on all races with four
(4) or more betting interests;
(b)
Offer place wagering on all races with five (5) or more betting
interests;
(c) Offer show wagering
on all races with six (6) or more betting interests.
(d) Offer Quinella wagering on all races with
four (4) or more betting interests;
(e) Offer Exacta wagering on all races with
four (4) or more betting interests;
(f) Offer Trifecta wagering on all races with
five (5) or more betting interests;
(g) Offer Superfecta wagering on all races
with six (6) or more betting interests;
(h) Offer Big Q wagering on all races with
three (3) or more betting interests; and
(i) Offer Super High 5 wagering on all races
with seven (7) or more betting interests.
(2) Except as provided in subsection (4) of
this section, when pools are opened for wagering, associations shall not offer
Twin Trifecta wagering on any races with six (6) or fewer betting
interests.
(3) The chief state
steward or presiding judge, or his or her designee, may authorize an
association to offer a subject wager with less than the number of horses
required by this section if:
(a) Requested by
the association; and
(b) The
integrity of the wager would not be affected by the smaller field.
(4) If a horse is scratched by the
judges or stewards after wagering has commenced or a horse is prevented from
running in a live horse race because of a failure of the starting gate, and the
number of actual starters representing different betting interests is reduced
below the requirements in subsection (1) or (2) of this section, the
association may cancel the affected wagers and refund the entire affected pools
with the approval of the Chief State Steward or Presiding Judge, or his or her
designee.
(5) In all cases in which
the Chief State Steward or Presiding Judge, or his or her designee, authorizes
the changes described in subsection (4) or (5) of this section, the association
shall provide a written report to the commission within twenty-four (24) hours
of the post time of the race explaining the need to cancel the wagering
pool.
Section 4. Win
Pools.
(1) The amount wagered on the betting
interest that finishes first shall be deducted from the net win pool and the
balance remaining shall be the profit. The profit shall be divided by the
amount wagered on the betting interest finishing first and the result shall be
the profit per dollar wagered to win on that betting interest.
(2) The net win pool shall be distributed as
a single price pool in the following precedence based upon the official order
of finish:
(a) To individuals whose selection
finishes first, except if there are not any of those wagers, then;
(b) To individuals whose selection finishes
second, except if there are not any of those wagers, then;
(c) To individuals whose selection finishes
third, except if there are not any of those wagers, then;
(d) The entire pool shall be refunded on win
wagers for that race.
(3)
(a) If
there is a dead heat for first involving horses representing the same betting
interest, the win pool shall be distributed as if no dead heat
occurred.
(b) If there is a dead
heat for first involving horses representing two (2) or more betting interests,
the win pool shall be distributed as a profit split.
Section 5. Place Pools.
(1) The amounts wagered to place on the first
two (2) betting interests to finish shall be deducted from the net pool and the
balance remaining shall be the profit. The profit shall be divided into two (2)
equal portions, with each portion assigned to each winning betting interest and
divided by the dollar amount wagered to place on that betting interest. The
result shall be the profit per dollar wagered to place on that betting
interest.
(2) The net place pool
shall be distributed in the following precedence based upon the official order
of finish:
(a) If horses in a mutuel entry or
mutuel field finish in the first two (2) places, as a single price pool to
individuals who selected the mutuel entry or mutuel field, otherwise;
(b) As a profit split to individuals whose
selection is included within the first two (2) finishers, except if there are
not any of those wagers on one (1) of those two (2) finishers, then;
(c) As a single price pool to individuals who
selected the one (1) covered betting interest included within the first two (2)
finishers, except if there are not any of those wagers, then;
(d) As a single price pool to individuals who
selected the third-place finisher, except if there are not any of those wagers,
then;
(e) The entire pool shall be
refunded on place wagers for that race.
(3)
(a) If
there is a dead heat for first involving horses representing the same betting
interest, the place pool shall be distributed as a single price pool.
(b) If there is a dead heat for first
involving horses representing two (2) or more betting interests, the place pool
shall be distributed as a profit split.
(4)
(a) If
there is a dead heat for second involving horses representing the same betting
interest, the place pool shall be distributed as if no dead heat
occurred.
(b) If there is a dead
heat for second involving horses representing two (2) or more betting
interests, the place pool shall be divided, with one-half (1/2) of the profit
distributed to place wagers on the betting interest finishing first and the
remainder of the profit distributed equally among place wagers on the betting
interests involved in the dead heat for second.
Section 6. Show Pools.
(1) The amounts wagered to show on the first
three (3) betting interests shall be deducted from the net pool and the balance
remaining shall be the profit. The profit shall be divided into three (3) equal
portions, with each portion assigned to each winning betting interest and
divided by the amount wagered to show on that betting interest. The result
shall be the profit per dollar wagered to show on that betting
interest.
(2) The net show pool
shall be distributed in the following precedence based on the official order of
finish:
(a) If horses in a mutuel entry or
mutuel field finish in the first three (3) places, as a single price pool to
individuals who selected the mutuel entry or mutuel field, otherwise;
(b) If horses of a mutuel entry or mutuel
field finish as two (2) of the first three (3) finishers, the profit shall be
divided with two-thirds (2/3) distributed to individuals who selected the
mutuel entry or mutuel field and one-third (1/3) distributed to individuals who
selected the other betting interest included within the first three (3)
finishers, otherwise;
(c) As a
profit split to individuals whose selection shall be included within the first
three (3) finishers, except if there are not any of those wagers on one (1) of
those three (3) finishers, then;
(d) As a profit split to individuals who
selected one (1) of the two (2) covered betting interests included within the
first three (3) finishers, except if there are not any of those wagers on two
(2) of those three (3) finishers, then;
(e) As a single price pool to individuals who
selected the one (1) covered betting interest included within the first three
(3) finishers, except if there are not any of those wagers, then;
(f) As a single price pool to individuals who
selected the fourth-place finisher, except if there are not any of those
wagers, then;
(g) The entire pool
shall be refunded on show wagers for that race.
(3)
(a) If
there is a dead heat for first involving two (2) horses representing the same
betting interest, the profit shall be divided with two-thirds (2/3) to
individuals who selected the first-place finishers and one-third (1/3)
distributed to individuals who selected the betting interest finishing
third.
(b) If there is a dead heat
for first involving three (3) horses representing a single betting interest,
the show pool shall be distributed as a single price pool.
(c) If there is a dead heat for first
involving horses representing two (2) or more betting interests, the show pool
shall be distributed as a profit split.
(4)
(a) If
there is a dead heat for second involving horses representing the same betting
interest, the profit shall be divided with one-third (1/3) distributed to
individuals who selected the betting interest finishing first and two-thirds
(2/3) distributed to individuals who selected the second-place
finishers.
(b) If there is a dead
heat for second involving horses representing two (2) betting interests, the
show pool shall be distributed as a profit split.
(c) If there is a dead heat for second
involving horses representing three (3) betting interests, the show pool shall
be divided with one-third (1/3) of the profit distributed to show wagers on the
betting interest finishing first and the remainder shall be distributed equally
among show wagers on those betting interests involved in the dead heat for
second.
(5)
(a) If there is a dead heat for third
involving horses representing the same betting interest, the show pool shall be
distributed as if no dead heat occurred.
(b) If there is a dead heat for third
involving horses representing two (2) or more betting interests, the show pool
shall be divided with two-thirds (2/3) of the profit distributed to show wagers
on the betting interests finishing first and second and the remainder shall be
distributed equally among show wagers on those betting interests involved in
the dead heat for third.
Section 7. Exacta Pools.
(1) The Exacta shall require the selection of
the first two (2) finishers, in their exact order, for a single race.
(2) The net Exacta pool shall be distributed
in the following precedence based upon the official order of finish:
(a) If horses of a mutuel entry or mutuel
field finish as the first two (2) finishers, as a single price pool to
individuals selecting the mutuel entry or mutuel field combined with the next
separate betting interest in the official order of finish, otherwise;
(b) As a single price pool to individuals
whose combination finished in the correct sequence as the first two (2) betting
interests, except if there are not any of those wagers, then;
(c) As a single price pool to individuals
whose combination included the betting interest that finishes first, except if
there are not any of those wagers, then;
(d) As a single price pool to individuals
whose combination included the betting interest that finished second, except if
there are not any of those wagers, then;
(e) The entire pool shall be refunded on
Exacta wagers for that race.
(3)
(a) If
there is a dead heat for first involving horses representing the same betting
interest, the Exacta pool shall be distributed as a single price pool to
individuals who selected the mutuel entry or mutuel field combined with the
next separate betting interest in the official order of finish.
(b) If there is a dead heat for first
involving horses representing two (2) or more betting interests, the Exacta
pool shall be distributed as a profit split.
(4) If there is a dead heat for second
involving horses representing the same betting interest, the Exacta shall be
distributed as if no dead heat occurred.
(5) If there is a dead heat for second
involving horses representing two (2) or more betting interests, the Exacta
pool shall be distributed to ticket holders in the following precedence based
upon the official order of finish:
(a) As a
profit split to individuals combining the first-place betting interest with any
of the betting interests involved in the dead heat for second, except if there
is only one (1) covered combination, then;
(b) As a single price pool to individuals
combining the first-place betting interest with the one (1) covered betting
interest involved in the dead heat for second, except if there are not any of
those wagers, then;
(c) As a profit
split to individuals whose wagers correctly selected the winner for first-place
and any of the betting interests which finished in a dead-heat for
second-place, except if there are not any of those wagers, then;
(d) The entire pool shall be refunded on
Exacta wagers for that race.
Section 8. Quinella Pools.
(1) The Quinella shall require the selection
of the first two (2) finishers, irrespective of order, for a single
race.
(2) The net Quinella pool
shall be distributed in the following precedence based upon the official order
of finish:
(a) If horses of a mutuel entry or
mutuel field finish as the first two (2) finishers, as a single price pool to
individuals selecting the mutuel entry or mutuel field combined with the next
separate betting interest in the official order of finish, otherwise;
(b) As a single price pool to individuals
whose combination finished as the first two (2) betting interests, except if
there are not any of those wagers, then;
(c) As a profit split to individuals whose
combination included either the first or second place finisher, except if there
are not any of those wagers on one (1) of those two (2) finishers,
then;
(d) As a single price pool to
individuals whose combination included the one (1) covered betting interest
included within the first two (2) finishers, except if there are not any of
those wagers, then;
(e) The entire
pool shall be refunded on Quinella wagers for that race.
(3)
(a) If
there is a dead heat for first involving horses representing the same betting
interest, the Quinella pool shall be distributed to individuals selecting the
mutuel entry or mutuel field combined with the next separate betting interest
in the official order of finish.
(b) If there is a dead heat for first
involving horses representing two (2) betting interests, the Quinella pool
shall be distributed as if no dead heat occurred.
(c) If there is a dead heat for first
involving horses representing three (3) or more betting interests, the Quinella
pool shall be distributed as a profit split.
(4) If there is a dead heat for second
involving horses representing the same betting interest, the Quinella pool
shall be distributed as if no dead heat occurred.
(5) If there is a dead heat for second
involving horses representing two (2) or more betting interests, the Quinella
pool shall be distributed to individuals in the following precedence based upon
the official order of finish:
(a) As a profit
split to individuals combining the winner with any of the betting interests
involved in the dead heat for second, except if there is only one (1) covered
combination, then;
(b) As a single
price pool to individuals combining the winner with the one (1) covered betting
interest involved in the dead heat for second, except if there are not any of
those wagers, then;
(c) As a profit
split to individuals combining the betting interests involved in the dead heat
for second, except if there are not any of those wagers, then;
(d) As a profit split to individuals whose
combination included the winner and any other betting interest and wagers
selecting any of the betting interests involved in the dead heat for second,
except if there are not any of those wagers, then;
(e) The entire pool shall be refunded on
Quinella wagers for that race.
Section 9. Trifecta Pools.
(1) The Trifecta shall require selection of
the first three (3) finishers, in their exact order, for a single
race.
(2) For Trifecta price
calculations only, the highest placed finisher of any part of a mutuel entry or
mutuel field shall be used, eliminating all other parts of that mutuel entry or
mutuel field from consideration regardless of finishing order.
(3) The Trifecta pool shall be distributed in
the following precedence based upon the official order of finish:
(a) As a single price pool to individuals
whose combination finished in correct sequence as the first three (3) betting
interests, except if there are not any of those wagers, then;
(b) As a single price pool to individuals
whose combination included, in correct sequence, the first two (2) betting
interests, except if there are not any of those wagers, then;
(c) As a single price pool to individuals
whose combination correctly selected the first-place betting interest only,
except if there are not any of those wagers, then;
(d) The entire pool shall be refunded on
Trifecta wagers for that race.
(4)
(a) If
less than three (3) betting interests finish and the race is declared official,
payouts shall be made based upon the order of finish of those betting interests
that finish the race.
(b) The
balance of any selection beyond the number of betting interests completing the
race shall be ignored.
(5)
(a) If
there is a dead heat for first involving horses representing three (3) or more
betting interests, all of the wagering combinations selecting three (3) betting
interests that correspond with any of the betting interests involved in the
dead heat shall share in a profit split.
(b) If there is a dead heat for first
involving horses representing two (2) betting interests, both of the wagering
combinations selecting the two (2) betting interests that finish in a dead
heat, irrespective of order, along with the third place betting interest shall
share in a profit split.
(6) If there is a dead heat for second, all
of the combinations correctly selecting the winner combined with any of the
betting interests involved in the dead heat for second shall share in a profit
split.
(7) If there is a dead heat
for third, all wagering combinations correctly selecting the first two (2)
finishers, in correct sequence, along with any of the betting interests
involved in the dead heat for third shall share in a profit split.
(8)
(a)
Trifecta wagering shall not be conducted on any race having fewer than five (5)
separate betting interests.
(b) If
fewer than five (5) horses start due to a late scratch or malfunction of the
starting gate, the Trifecta shall be cancelled and the gross pool shall be
refunded.
Section
10. Superfecta Pools.
(1) The
Superfecta shall require selection of the first four (4) finishers, in their
exact order, for a single race.
(2)
The net Superfecta pool shall be distributed in the following precedence based
upon the official order of finish:
(a) As a
single price pool to individuals whose combination finished in correct sequence
as the first four (4) betting interests, except if there are not any of those
wagers, then;
(b) As a single price
pool to individuals whose combination included in correct sequence, the first
three (3) betting interests, except if there are not any of those wagers,
then;
(c) As a single price pool to
individuals whose combination included, in correct sequence, the first two (2)
betting interests, except if there are not any of those wagers, then;
(d) As a single price pool to individuals
whose combination correctly selected the first-place betting interest only,
except if there are not any of those wagers, then;
(e) The entire pool shall be refunded on
Superfecta wagers for that race.
(3)
(a) If
less than four (4) betting interests finish and the race is declared official,
payouts shall be made based upon the order of finish of those betting interests
completing the race.
(b) The
balance of any selection beyond the number of betting interests completing the
race shall be ignored.
(4)
(a) If
there is a dead heat for first involving horses representing four (4) or more
betting interests, all of the wagering combinations selecting betting interests
which correspond with any of the betting interests involved in the dead heat
shall share in a profit split.
(b)
If there is a dead heat for first involving horses representing three (3)
betting interests, all of the wagering combinations selecting the three (3)
betting interests that finish in a dead heat, irrespective of order, along with
the fourth-place betting interest shall share in a profit split.
(c) If there is a dead heat for first
involving horses representing two (2) betting interests, both of the wagering
combinations selecting the two (2) dead-heated betting interests, irrespective
of order, along with the third-place and fourth-place betting interests shall
share in a profit split.
(5)
(a) If
there is a dead heat for second involving horses representing three (3) or more
betting interests, all of the wagering combinations correctly selecting the
winner combined with any of the three (3) betting interests involved in the
dead heat for second shall share in a profit split.
(b) If there is a dead heat for second
involving horses representing two (2) betting interests, all of the wagering
combinations correctly selecting the winner, the two (2) dead-heated betting
interests, irrespective of order, and the fourth-place betting interest shall
share in a profit split.
(6) If there is a dead heat for third, all
wagering combinations correctly selecting the first two (2) finishers, in
correct sequence, along with any two (2) of the betting interests involved in
the dead heat for third shall share in a profit split.
(7) If there is a dead heat for fourth, all
wagering combinations correctly selecting the first three (3) finishers, in
correct sequence, along with any interest involved in the dead heat for fourth,
shall share in a profit split.
(8)
Superfecta wagering shall not be conducted on any race having fewer than six
(6) separate betting interests. If fewer than six (6) horses start due to a
late scratch or malfunction of the starting gate, Superfecta wagering shall be
cancelled and the gross pool shall be refunded.
Section 11. Super High-Five Pools.
(1) The Super High-Five shall require
selection of the first five (5) finishers, in their exact order, for a single
race.
(2) Unless otherwise stated,
the net Super High-Five pool shall be distributed as a single-priced pool to
those who have selected all five (5) finishers, in exact order, based upon the
official order of finish.
(3)
(a) Each association shall disclose in its
license application whether it intends to schedule Super High-Five wagering
and, if so, shall disclose:
1. The percentage
of the pool to be retained for the winning wagers; and
2. The designated amount of any cap to be set
on the pool to be retained for the winning wagers.
(b) Any subsequent changes to the Super
High-Five scheduling shall require prior approval from the commission or its
designee.
(4) If there
are no winning wagers selecting all five (5) finishers, in exact order, the
entire Super High-Five pool shall be added to the carryover.
(5) If due to a late scratch the number of
betting interests in the Super High-Five pool is reduced to fewer than seven
(7), the Super High-Five pool shall be cancelled and shall be refunded, except
not the Super High-Five carryover pool.
(6) If a betting interest in the Super
High-Five pool is scratched from the race, there shall not be any more wagers
accepted selecting that scratched runner and all tickets previously sold
designating that horse shall be refunded and that money shall be deducted from
the gross pool.
(7) If any
dead-heat occurs in any finishing position, all wagers selecting either of the
runners finishing in a dead heat with the correct runners not finishing in a
dead heat shall be winners and share the Super High-Five pool. Payouts shall be
calculated by splitting the pool equally between each winning combination, then
dividing each portion by the number of winning tickets.
(8) On the final day of a meeting, an
association shall make a final distribution of all accumulated carryovers along
with the net pool of the Super High-Five pool conducted on the final day of the
meeting as a single price pool to:
(a)
Individuals with tickets selecting the first five (5) finishers, in exact
order, for the designated race, or, if there are not any of those wagers,
to;
(b) Individuals with tickets
selecting the first four (4) finishers, in exact order, for the designated
race, or, if there are not any of those wagers, to;
(c) Individuals with tickets selecting the
first three (3) finishers, in exact order, for the designated race, or, if
there are not any of those wagers, to;
(d) Individuals with tickets selecting the
first two (2) finishers, in exact order, for the designated race, or, if there
are not any of those wagers, to;
(e) Individuals with tickets selecting the
winner for the designated race, or, if there are not any of those
wagers;
(f) All money wagered into
the Super High-Five pool that day shall be refunded and any carryover shall be
retained and added to the Super High -Five pool on the first racing day of the
next meeting.
(9) If,
for any reason, the Super High-Five carryover shall be held over to the
corresponding Super High-Five pool of a subsequent meeting, the carryover shall
be deposited in an interest-bearing account approved by the commission. The
Super High-Five carryover plus accrued interest shall then be added to the net
Super High-Five pool of the following meeting on a date and performance
approved by the commission.
Section
12. Double Pools.
(1) The double
pool shall require the selection of the first-place finisher in each of two (2)
specified races.
(2) The net double
pool shall be distributed in the following precedence based upon the official
order of finish:
(a) As a single price pool
to individuals whose selections finished first in each of the two (2) races,
except if there are not any of those wagers, then;
(b) As a profit split to individuals who
selected the first-place finisher in either of the two (2) races, except if
there are not any of those wagers, then;
(c) As a single price pool to individuals who
selected the one (1) covered betting interest that finished first in either
race, except if there are not any of those wagers, then;
(d) As a single price pool to individuals
whose selection finished second in each of the two (2) races, except if there
are not any of those wagers, then;
(e) The entire pool shall be refunded on the
double wagers for those races.
(3)
(a) If
there is a dead heat for first in either of the races involving horses
representing the same betting interest, the double pool shall be distributed as
if no dead heat occurred.
(b) If
there is a dead heat for first in either of the races involving horses
representing two (2) or more betting interests, the double pool shall be
distributed as a profit split if there is more than one (1) covered winning
combination.
(4) If a
betting interest in the first half of the double is scratched prior to the
close of wagering on the first double contest, all money wagered on
combinations including the scratched betting interest shall be deducted from
the double pool and refunded.
(5)
If a betting interest in the second half of the double is scratched prior to
the close of wagering on the first double race, all money wagered on the
combinations including the scratched betting interest shall be deducted from
the double pool and refunded.
(6)
If a betting interest in the second half of the double is scratched after the
close of wagering on the first double race, all wagers combining the winner of
the first race with the scratched betting interest in the second race shall be
allocated a consolation payout.
(a) In
calculating the consolation payout, the net double pool shall be divided by the
total amount wagered on the winner of the first race and an unbroken
consolation price obtained.
(b) The
broken consolation price shall be multiplied by the dollar value of wagers on
the winner of the first race combined with the scratched betting interest to
obtain the consolation payout.
(c)
Breakage shall not be included in this calculation.
(d) The consolation payout shall be deducted
from the net double pool before calculation and distribution of the winning
double payout.
(e) Dead heats
including separate betting interests in the first race shall result in a
consolation payout calculated as a profit split.
(7) If either of the double races is
cancelled prior to the first double race, or the first double race is declared
"no contest," the entire double pool shall be refunded on double wagers for
those races.
(8)
(a) If the second double race is cancelled or
declared a "no contest" after the conclusion of the first double race, the net
double pool shall be distributed as a single price pool to individuals who
selected the winner of the first double race.
(b) If there is a dead heat involving
separate betting interests, the net double pool shall be distributed as a
profit split.
Section
13. Big Q Pools.
(1) The Big Q
shall require selection of the first two (2) finishers, irrespective of order,
in each of two (2) designated races.
(a) Each
winning ticket for the first Big Q race shall be exchanged for a free ticket on
the second Big Q race in order to remain eligible for the second half Big Q
pool.
(b) Exchange tickets shall be
exchanged at attended ticket windows prior to the second race comprising the
Big Q.
(c) There shall not be a
monetary reward for winning the first Big Q race.
(d) Each of the designated Big Q races shall
be included in only one (1) Big Q pool.
(2) In the first Big Q race only, winning
wagers shall be determined using the following precedence based on the official
order of finish for the first Big Q race:
(a)
If a mutuel entry or mutuel field finishes as the first two (2) finishers,
those who selected the mutuel entry or mutuel field combined with the next
separate betting interest in the official order of finish shall be winners,
otherwise:
(b) Individuals whose
combination finished as the first two (2) betting interests shall be winners,
except if there are not any of those wagers, then;
(c) Individuals whose combination included
either the first- or second-place finisher shall be winners, except if there
are not any of those wagers on one (1) of the two (2) finishers,
then;
(d) Individuals whose
combination included the one (1) covered betting interest included within the
first two (2) finishers shall be winners, except if there are not any of those
wagers, then;
(e) The entire pool
shall be refunded on Big Q wagers for that race.
(3)
(a) In
the first Big Q race only, if there is a dead heat for first involving horses
representing the same betting interest, individuals who selected the mutuel
entry or mutuel field combined with the next separate betting interest in the
official order of finish shall be winners.
(b) In the first Big Q race only, if there is
a dead heat for first involving horses representing two (2) betting interests,
the winning Big Q wagers shall be determined as if no dead heat
occurred.
(c) In the first Big Q
race only, if there is a dead heat for first involving horses representing
three (3) or more betting interests, individuals whose combination included any
two (2) of the betting interests finishing in the dead heat shall be
winners.
(4) In the
first Big Q race only, if there is a dead heat for second, the winners shall be
those who combined the first place finisher with any of the runners involved in
the dead heat for second.
(5) In
the second Big Q race only, the entire net Big Q pool shall be distributed to
individuals in the following precedence based upon the official order of finish
for the second Big Q race:
(a) If a mutuel
entry or mutuel field finishes as the first two (2) finishers, as a single
price pool to individuals who selected the mutuel entry or mutuel field
combined with the next separate betting interest in the official order of
finish, otherwise;
(b) As a single
price pool to individuals whose combination finished as the first two (2)
betting interests, except if there are not any of those wagers, then;
(c) As a profit split to individuals whose
combination included either the first- or second - place finisher, except if
there are not any of those wagers on one (1) of those two (2) finishers,
then;
(d) As a single price pool to
individuals whose combination included one (1) of the covered betting interests
included within the first two (2) finishers, except if there are not any of
those wagers, then;
(e) As a single
price pool to all exchange ticket holders for that race, except if there are
not any of those wagers, then;
(f)
In accordance with subsection (2) of this section.
(6)
(a) In
the second Big Q race only, if there is a dead heat for first involving horses
representing the same betting interest, the net Big Q pool shall be distributed
to individuals selecting the mutuel entry or mutuel field combined with the
next separate betting interest in the official order of finish.
(b) In the second Big Q race only, if there
is a dead heat for first involving horses representing two (2) betting
interests, the net Big Q pool shall be distributed as if no dead heat
occurred.
(c) In the second Big Q
race only, if there is a dead heat for first involving horses representing
three (3) or more betting interests, the net Big Q pool shall be distributed as
a profit split to individuals whose combination included any two (2) of the
betting interests finishing in the dead heat.
(7) In the second Big Q race only, if there
is a dead heat for second involving horses representing two (2) or more betting
interests, the Big Q pool shall be distributed to individuals in the following
precedence based upon the official order of finish:
(a) As a profit split to individuals
combining the winner with any of the betting interests involved in the dead
heat for second, except if there is only one (1) covered combination,
then;
(b) As a single price pool to
individuals combining the winner with the one (1) covered betting interest
involved in the dead heat for second, except if there are not any of those
wagers, then;
(c) As a profit split
to individuals combining the betting interests involved in the dead heat for
second, except if there are not any of those wagers, then;
(d) As a profit split to individuals whose
combination included the winner and any other betting interest and wagers
selecting any of the betting interests involved in the dead heat for second,
then;
(e) As a single price pool to
all exchange ticket holders for that race, except if there are not any of those
tickets, then;
(f) In accordance
with subsection (2) of this section.
(8) If a winning ticket for the first half of
the Big Q is not presented for exchange prior to the close of betting on the
second half Big Q race, the ticket holder shall forfeit all rights to any
distribution of the Big Q pool resulting from the outcome of the second
race.
(9) If a betting interest in
the first half of the Big Q is scratched, the Big Q wagers including the
scratched betting interest shall be refunded.
(10)
(a) If
a betting interest in the second half of the Big Q is scratched, an immediate
public announcement and immediate posting on the association's video monitors
and website concerning the scratch shall be made and a reasonable amount of
time shall be provided for exchange of tickets that include the scratched
betting interest.
(b) If tickets
have not been exchanged prior to the close of betting for the second Big Q
race, the ticket holder shall forfeit all rights to the Big Q pool.
(11) If either of the Big Q races
is cancelled prior to the first Big Q race, or the first Big Q race is declared
"no contest," the entire Big Q pool shall be refunded on Big Q wagers for that
race.
(12) If the second Big Q race
is cancelled or declared "no contest" after the conclusion of the first Big Q
race, the net Big Q pool shall be distributed as a single price pool to wagers
selecting the winning combination in the first Big Q race and all valid
exchange tickets. If there are not any of those wagers, the net Big Q pool
shall be distributed as described in subsection (2) of this section.
Section 14. Pick-(n) Pools.
(1) The Pick-(n) shall require the selection
of the first place finisher in each of (n)-specified races designated by the
association and approved by the commission where (n) is any number of races
greater than 2. Any changes to the Pick-(n) format shall be approved by the
commission before implementation.
(2) The Pick-(n) pari-mutuel pool consists of
amounts contributed for a win only selection in each of (n) races designated by
the association. Each individual placing a Pick-(n) wager shall designate the
winning horse in each of (n) races comprising the Pick-(n).
(3) The net Pick-(n) pool shall be
apportioned in one the following methods based upon the official order of
finish:
(a) Method 1, Pick-(n) with
Carryover: The net Pick-(n) pool and carryover, if any, shall be distributed as
a single price pool to those who selected the first-place finisher in each of
the Pick-(n) contests, based upon the official order of finish. If there are
not any of those wagers, then a designated percentage of the net pool shall be
distributed as a single price pool to those who selected the first-place
finisher in the greatest number of Pick-(n) contests; and the remainder shall
be added to the carryover. Where there is no correct selection of the
first-place finisher in at least one of the Pick-(n) contests, based upon the
official order of finish, the day's net pool shall be refunded and the previous
carryover pool amount, if any, shall be carried over to the next scheduled
corresponding pool.
(b) Method 2,
Pick-(n) with 100 percent Carryover: The net Pick-(n) pool and carryover, if
any, shall be distributed as a single price pool to those who selected the
first-place finisher in each of the Pick-(n) contests, based upon the official
order of finish. If there are not any of those wagers, then 100 percent of that
day's net pool shall be added to the carryover. Where there is no correct
selection of the first-place finisher in at least one of the Pick-(n) contests,
based upon the official order of finish, the day's net pool shall be refunded
and the previous carryover pool amount, if any, shall be carried over to the
next scheduled corresponding pool.
(c) Method 3, Pick-(n) with Minor Pool and
Carryover: The major share of the net Pick-(n) pool and the carryover, if any,
shall be distributed to those who selected the first-place finisher in each of
the Pick-(n) contests, based upon the official order of finish. The minor share
of the net Pick-(n) pool shall be distributed to those who selected the first
place finisher in the second greatest number of Pick-(n) contests, based upon
the official order of finish. If there are no wagers selecting the first-place
finisher of all Pick-(n) contests, the minor share of the net Pick-(n) pool
shall be distributed as a single price pool to those who selected the
first-place finisher in the greatest number of Pick-(n) contests; and the major
share shall be added to the carryover. Where there is no correct selection of
the first-place finisher in at least one (1) of the Pick-(n) contests, based
upon the official order of finish, the day's net pool shall be refunded and the
previous carryover pool amount, if any, shall be carried over to the next
scheduled corresponding pool.
(d)
Method 4, Pick-(n) with No Minor Pool and No Carryover: The net Pick-(n) pool
shall be distributed as a single price pool to those who selected the
first-place finisher in the greatest number of Pick-(n) contests, based upon
the official order of finish. If there are no winning wagers, the pool shall be
refunded.
(e) Method 5, Pick-(n)
with Minor Pool and No Carryover: The major share of the net Pick-(n) pool
shall be distributed to those who selected the first place finisher in the
greatest number of Pick-(n) contests, based upon the official order of finish.
The minor share of the net Pick-(n) pool shall be distributed to those who
selected the first-place finisher in the second greatest number of Pick-(n)
contests, based upon the official order of finish. If there are no wagers
selecting the first-place finisher in a second greatest number of Pick-(n)
contests, the minor share of the net Pick-(n) pool shall be combined with the
major share for distribution as a single price pool to those who selected the
first-place finisher in the greatest number of Pick-(n) contests. If the
greatest number of first-place finishers selected is one (1), the major and
minor shares shall be combined for distribution as a single price pool. If
there are no winning wagers, the pool shall be refunded.
(f) Method 6, Pick-(n) with Minor Pool and No
Carryover: The major share of net Pick-(n) pool shall be distributed to those
who selected the first-place finisher in each of the Pick-(n) contests, based
upon the official order of finish. The minor share of the net Pick-(n) pool
shall be distributed to those who selected the first-place finisher in the
second greatest number of Pick-(n) contests, based upon the official order of
finish. If there are no wagers selecting the first-place finisher in all
Pick-(n) contests, the entire net Pick-(n) pool shall be distributed as a
single price pool to those who selected the first-place finisher in the
greatest number of Pick-(n) contests. If there are no wagers selecting the
first-place finisher in a second greatest number of Pick-(n) contests, the
minor share of the net Pick-(n) pool shall be combined with the major share for
distribution as a single price pool to those who selected the first-place
finisher in each of the Pick-(n) contests. If there are no winning wagers, the
pool shall be refunded.
(g) Method
7, Pick-(n) with Carryover and "Unique Winning Ticket" Provision: The net
Pick-(n) pool and carryover, if any, shall be distributed to the holder of a
unique winning ticket that selected the first-place finisher in each of the
Pick-(n) contests, based upon the official order of finish. If there are
multiple tickets selecting the first-place finisher in each of the Pick-(n)
contest(s), a share that has been declared by the association and approved by
the commission, of the net Pick-(n) shall be distributed as a single price pool
to those who selected the first-place finisher in each of the Pick-(n) contests
and the remaining share shall be added to the carryover. If there are no
tickets selecting the first-place finisher in each of the Pick-(n) contests,
then; the entire net Pick-(n) pool shall be added to the carryover.
Associations may suspend previously approved unique winning ticket wagering
with the prior approval of the commission. Any carryover shall be held until
the suspended unique winning ticket wagering is reinstated. Where there is no
correct selection of the first-place finisher in at least one (1) of the
Pick-(n) contests, based upon the official order of finish, the day's net pool
shall be refunded and the previous carryover pool amount, if any, shall be
carried over to the next scheduled corresponding pool. In obtaining
authorization for operating the Pick-(n) pool under this subsection,
associations shall clearly identify which definition under subsection (16)(b)
of this section will be relied upon for determining the existence of a unique
winning ticket.
(4) If
there is a dead heat for first place in any of the Pick-(n) races involving
contestants representing the same betting interest, the Pick-(n) pool shall be
distributed as if no dead heat occurred.
(5) If there is a dead heat for first place
in any of the Pick-(n) races involving contestants representing two (2) or more
betting interests, the Pick-(n) pool shall be distributed as a single price
pool with each winning wager receiving an equal share of the profit.
(6) If a betting interest is scratched or is
designated to run for purse money only from any leg of the Pick-(n), the
association shall use the actual favorite, as evidenced by total amounts
wagered in the Win pool at the host association, for the contest at the close
of wagering on that contest, and shall be substituted for the betting interest
that was scratched or designated to run for purse money only for all purposes,
including pool calculations. If the Win pool total for two (2) or more
favorites is identical, the substitute selection shall be the betting interest
with the lowest program number. The totalizator shall produce reports showing
each of the wagering combinations with substituted betting interests which
became winners as a result of the substitution, in addition to the normal
winning combination.
(7) If for any
reason more than half of the races comprising the Pick-(n) are cancelled or
declared a "no contest", and there was no previous carryover amount, wagering
on the Pick-(n) shall be cancelled and all wagers shall be refunded.
(8) If for any reason more than half of the
races comprising the Pick-(n) are cancelled or declared a "no contest", and a
previous carryover amount existed, the carryover amount shall be frozen and
added to the next scheduled Pick-(n) event. Wagering on the Pick-(n) for the
cancelled Pick-(n) wager races shall be cancelled and all wagers shall be
refunded.
(9) If the condition of
the turf course warrants a change of racing surface in any races of the
Pick-(n), and the change has not been disclosed to the public prior to "off
time" of the first race of the Pick-(n), the stewards shall declare the changed
races an "all win" race for Pick-(n) wagering purposes only. An "all win" race
shall assign the winner of that race to each Pick-(n) ticket holder as their
selection for that race.
(10) The
Pick-(n) carryover may be capped at a designated level approved by the
commission so that if, at the close of any performance, the amount in the
Pick-(n) carryover equals or exceeds the designated cap, the Pick-(n) carryover
will be frozen until it is won or distributed under other provisions of this
rule. After the Pick-(n) carryover is frozen, 100 percent of the net pool, part
of which ordinarily would be added to the Pick-(n) carryover, shall be
distributed to those whose selection finished first in the greatest number of
Pick-(n) contests for that performance.
(11) A written request for permission to
distribute the Pick-(n) carryover on a specific performance may be submitted to
the commission. The request shall be for a specified date no greater than one
(1) year from the date the request is submitted and contain justification for
the distribution, an explanation of the benefit to be derived, and the intended
date and performance for the distribution.
(12) If the Pick-(n) carryover is designated
for distribution on a specified date and performance in which there are no
wagers selecting the first-place finisher in each of the Pick-(n) contests, the
entire pool shall be distributed as a single price pool to those whose
selection finished first in the greatest number of Pick-(n) contests. The
Pick-(n) carryover shall be designated for distribution on a specified date and
performance only under the following circumstances:
(a) Upon written approval from the commission
as provided in subsection (11) of this section;
(b) Upon written approval from the commission
when there is a change in the carryover cap, a change from one (1) type of
Pick-(n) wagering to another, or when the Pick-(n) is discontinued;
or
(c) On the closing performance
of the meet or split meet.
(13) Notwithstanding subsections (10) and
(12) of this section, if for any reason the Pick-(n) carryover must be held
over to the corresponding Pick-(n) pool of a subsequent meet, the carryover
shall be deposited in an interest-bearing account approved by the commission.
The Pick-(n) carryover plus accrued interest shall then be added to the net
Pick-(n) pool of the following meet on a date and performance designated by the
association and approved by the commission.
(14) With the written approval of the
commission, the association may contribute to the Pick-(n) carryover a sum of
money up to the amount of any designated cap.
(15) The association may suspend
previously-approved Pick-(n) wagering with the prior approval of the
commission. Any carryover shall be held until the suspended Pick-(n) wagering
is reinstated. An association may request approval of a Pick-(n) wager or
separate wagering pool for specific performances.
(16) As it relates to any distribution method
under subsection (3)(g) of this section which contains a unique winning ticket
provision:
(a) A written request for
permission to distribute the Pick-(n) unique winning ticket carryover on a
specific performance may be submitted to the commission. The request shall
contain justification for the distribution, an explanation of the benefit to be
derived, and the intended date and performance for the distribution. If the
Pick-(n) unique winning ticket net pool and any applicable carryover is
designated for distribution on a specified date and performance in which there
is no unique winning ticket, the entire pool shall be distributed as a single
price pool to those who selected the first-place finisher in the greatest
number of Pick-(n) contests.
(b)
Associations shall clearly identify which selection under subparagraphs 1 and 2
of this paragraph will be relied upon for determining the existence of a unique
winning ticket:
1. There is one (1) and only
one (1) winning ticket that correctly selected the first place finisher in each
of the Pick-(n) contests, based upon the official order of finish, to be
verified by the unique serial number assigned by the tote company that issued
the winning ticket; or
2. The total
amount wagered on one (1) and only one (1) winning combination selecting the
first-place finisher in each of the Pick-(n) contests, based up on the official
order of finish, is equal to the minimum allowable wager.
(17)
(a) Each association shall disclose in its
license application whether it intends to schedule Pick-(n) races and, if so,
shall disclose:
1. The percentage of the pool
to be retained for the winning wagers, and
2. The designated amount of any cap to be set
on the pool to be retained for the winning wagers.
(b) Any changes to the Pick-(n) scheduling
shall require prior approval from the commission or its designee.
(18) An association may request
permission from the commission to distribute the Pick-(n) carryover on a
specific performance. The request shall contain justification for the
distribution, an explanation of the benefit to be derived, and the intended
date and performance for the distribution.
(19) Upon written approval of the commission,
a sum of money up to the amount of any designated cap may be contributed to the
Pick-(n) carryover by an association. The association may supply information to
the general public regarding the winning dollars in the Pick-(n) pool. The
information shall not be selectively distributed. This shall not prohibit
necessary communication between totalizator and pari-mutuel department
employees for processing of pool data.
Section 15. Twin Trifecta Pools.
(1) The Twin Trifecta shall require the
selection of the first three (3) finishers, in their exact order, in each of
two (2) designated races.
(a) Each winning
ticket for the first Twin Trifecta race shall be exchanged for a free ticket on
the second Twin Trifecta race in order to remain eligible for the second half
Twin Trifecta pool.
(b) The winning
tickets may only be exchanged at attended ticket windows prior to the second
Twin Trifecta race.
(c) Winning
first half Twin Trifecta wagers shall receive both an exchange and a monetary
payout.
(d) Both of the designated
Twin Trifecta races shall be included in only one (1) Twin Trifecta
pool.
(2) After wagering
closes for the first half of the Twin Trifecta, and the takeout has been
deducted from the pool, the net pool shall then be divided into two (2)
separate pools: the first half Twin Trifecta pool and the second half Twin
Trifecta pool.
(3) In the first
Twin Trifecta race only, winning wagers shall be determined using the following
precedence based upon the official order of finish for the first Twin Trifecta
race:
(a) As a single price pool to
individuals whose combination finished in the correct sequence as the first
three (3) betting interests, except if there are not any of those wagers,
then;
(b) As a single price pool to
individuals whose combination included, in correct sequence, the first two (2)
betting interests, except if there are not any of those wagers, then;
(c) As a single price pool to individuals
whose combination correctly selected the first-place betting interest only,
except if there are not any of those wagers, then;
(d) The entire Twin Trifecta pool shall be
refunded on Twin Trifecta wagers for that race and Twin Trifecta wagering on
the second half shall be cancelled.
(4) Except as established in subsection (16)
of this section, if no first half Twin Trifecta ticket selects the first three
(3) finishers of that race in exact order:
(a)
Exchange tickets for the second half Twin Trifecta pool shall not be
distributed; and
(b) The second
half Twin Trifecta pool shall be retained and added to any existing Twin
Trifecta carryover pool.
(5)
(a)
Tickets from the first half of the Twin Trifecta that correctly select the
first three (3) finishers shall be exchanged for tickets selecting the first
three (3) finishers of the second half of the Twin Trifecta.
(b) The second half Twin Trifecta pool shall
be distributed to individuals in the following precedence based upon the
official order of finish for the second Twin Trifecta race:
1. As a single price pool, including any
existing carryover monies, to individuals whose combination finished in correct
sequence as the first three (3) betting interests except if there are not any
of those wagers, then;
2. The
entire second half Twin Trifecta pool for that race shall be added to any
existing carryover monies and retained for the corresponding second half Twin
Trifecta pool of the next consecutive performance.
(c) If a winning first half Twin Trifecta
ticket is not presented for cashing and exchange prior to the second half Twin
Trifecta race, the ticket holder may still collect the monetary value
associated with the first half Twin Trifecta pool except the ticket holder
shall forfeit all rights to any distribution of the second half Twin Trifecta
pool.
(6) Mutuel entries
and mutuel fields shall be prohibited in Twin Trifecta races.
(7) If a betting entry in the first half of
the Twin Trifecta is scratched, Twin Trifecta wagers including the scratched
betting interest shall be refunded.
(8)
(a) If
a betting interest in the second half of the Twin Trifecta is scratched, an
immediate public announcement and immediate posting on the association's video
monitors and website concerning the scratch shall be made and a reasonable
amount of time shall be provided for exchange of tickets that include the
scratched betting interest.
(b) If
tickets have not been exchanged prior to the close of betting for the second
Twin Trifecta race, the ticket holder shall forfeit all rights to the second
half Twin Trifecta pool.
(9) If, due to a late scratch, the number of
betting interests in the second half of the Twin Trifecta is reduced to fewer
than the minimum, all exchange tickets and outstanding first half winning
tickets shall be entitled to the second half pool for that race, except they
shall not be entitled to the Twin Trifecta carryover.
(10)
(a) If
there is a dead heat or multiple dead heats in either the first or second half
of the Twin Trifecta, all Twin Trifecta wagers selecting the correct order of
finish, counting a betting interest involved in a dead heat as finishing in any
dead-heated position, shall be winning wagers.
(b) If the dead heat occurs in the first half
of the Twin Trifecta, the payout shall be calculated as a profit
split.
(c) If the dead heat occurs
in the second half of the Twin Trifecta, the payout shall be calculated as a
single price pool.
(11)
If the first Twin Trifecta race is canceled or declared "no contest", the
entire Twin Trifecta pool shall be refunded on Twin Trifecta wagers for that
race and the second half shall be cancelled.
(12)
(a) If
the second half Twin Trifecta race is cancelled or declared "no contest", all
exchange tickets and outstanding first half winning Twin Trifecta tickets shall
be entitled to the net Twin Trifecta pool for that race as a single price pool,
except they shall not be entitled to the Twin Trifecta carryover.
(b) If there are no outstanding first half
winning Twin Trifecta tickets, the net Twin Trifecta pool shall be distributed
as described in subsection (3) of this section.
(13)
(a)
The Twin Trifecta carryover may be capped at a designated level approved by the
commission so that if, at the close of any performance, the amount in the Twin
Trifecta carryover equals or exceeds the designated cap, the Twin Trifecta
carryover shall be frozen until it is won or distributed under the provisions
of this administrative regulation.
(b) After the Twin Trifecta carryover is
frozen, 100 percent of the net Twin Trifecta pool for each individual race
shall be distributed to winners of the first half of the twin Trifecta
pool.
(14) A written
request for permission to distribute the Twin Trifecta carryover on a specific
performance may be submitted to the commission. The request shall contain:
(a) Justification for the
distribution;
(b) An explanation of
the benefit to be derived; and
(c)
The intended date and performance for the distribution.
(15) If the Twin Trifecta carryover is
designated for distribution on a specified date and performance, the following
precedence shall be followed in determining winning tickets for the second half
of the Twin Trifecta after completion of the first half of the Twin Trifecta:
(a) As a single price pool to individuals
whose combination finished in correct sequence as the first three (3) betting
interests, except if there are not any of those wagers, then;
(b) As a single price pool to individuals
whose combination included, in correct sequence, the first two (2) betting
interests, except if there are not any of those wagers, then;
(c) As a single price pool to individuals
whose combination correctly selected the first-place betting interest only,
except if there are not any of those wagers, then;
(d) As a single price pool to holders of
valid exchange tickets, except if there are not any of those wagers,
then;
(e) As a single price pool to
holders of outstanding first half winning tickets.
(16) For a performance designated to
distribute the Twin Trifecta carryover, exchange tickets shall be issued for
those combinations selecting the greatest number of betting interests in their
correct order of finish for the first half of the twin Trifecta.
(a) If there are no wagers correctly
selecting the first-, second-, and third-place finishers, in their exact order,
then exchange tickets shall be issued for combinations correctly selecting the
first-and second-place finishers.
(b) If there are no wagers correctly
selecting the first- and second-place finishers, in their exact order, exchange
tickets shall be issued for combinations correctly selecting only the
first-place finisher.
(c) If there
are no wagers selecting the first-place finisher only in the first half of the
Twin Trifecta, all first half tickets shall be winning tickets and shall be
entitled to 100 percent of that performance's net Twin Trifecta pool, and any
existing Twin Trifecta carryover.
(17) The Twin Trifecta carryover shall be
designated for distribution on a specified date and performance only under the
following circumstances:
(a) Upon written
approval from the commission as provided in subsection (14) of this
section;
(b) Upon written approval
from the commission if there is a change in the carryover cap or if the Twin
Trifecta is discontinued; or
(c) On
the closing performance of the meeting or split meeting.
(18) If, for any reason, the Twin Trifecta
carryover shall be held over to the corresponding Twin Trifecta pool of a
subsequent meeting, the carryover shall be deposited in an interest-bearing
account approved by the commission. The Twin Trifecta carryover plus accrued
interest shall then be added to the second half Twin Trifecta pool of the
following meeting on a date and performance so approved by the
commission.
(19) Associations shall
not provide information to any individual regarding covered combinations, the
number of tickets sold, or the number of valid exchange tickets. This shall not
prohibit necessary communication between totalizator and pari-mutuel department
employees from processing of pool data.
(20)
(a)
Each association shall disclose in its license application whether it intends
to schedule Twin-Trifecta wagering and, if so, shall disclose:
1. The percentages of the net pool added to
the first half pool and the second half pool; and
2. The amount of any cap to be set on the
carryover.
(b) Any
subsequent changes to the Twin Trifecta scheduling require prior approval from
the commission or its designee.
STATUTORY AUTHORITY:
KRS
230.215(2),
230.260,
230.361(1)