Louisiana Administrative Code
Title 35 - HORSE RACING
Part XIII - Wagering
Chapter 119 - Parlay Wagering
Section XIII-11901 - Series of Wagers
Universal Citation: LA Admin Code XIII-11901
Current through Register Vol. 50, No. 9, September 20, 2024
A. The parlay is not a separate mutual pool, it is a series of wagers (consisting of legs) combining wagering entries in win, place or show pools. The initial amount wagered constitutes the wager on the first leg, and if successful, the payout from the first leg constitutes the wager on the second leg, etc.
AUTHORITY NOTE: Promulgated in accordance with R.S. 4:141 and R.S.4:149.
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