Current through 2024-13, March 27, 2024
1. The Place Pick
(n) requires selection of the first or second-place finisher in each of a
designated number of contests. The association must obtain written approval
from the Commission concerning the scheduling of Place Pick (n) contests, the
designation of one of the methods prescribed in Part (2), the distinctive name
identifying the pool and the amount of any cap to be set on the carryover. Any
changes to the approved Place Pick (n)format require prior approval from the
Commission.
2. The Place Pick (n)
pool shall be apportioned under one of the following methods:
a. Method 1, Place Pick (n) with Carryover:
The net Place Pick (n) pool and carryover, if any, shall be distributed as a
single price pool to those who selected the first or second-place finisher in
each of the Place Pick (n) contests, based upon the official order of finish.
If there are no such wagers, then a designated percentage of the net pool shall
be distributed as a single price pool to those who selected the first or
second-place finisher in the greatest number of Place Pick (n) contests; and
the remainder shall be added to the carryover.
b. Method 2, Place Pick (n) with Minor Pool
and Carryover: The major share of the net Place Pick (n) pool and the
carryover, if any, shall be distributed to those who selected the first or
second-place finisher in each of the Place Pick (n) contests, based upon the
official order of finish. The minor share of the net Place Pick (n) pool shall
be distributed to those who selected the first or second-place finisher in the
second greatest number of Place Pick (n) contests, based upon the official
order of finish. If there are no wagers selecting the first or second-place
finisher of all Place Pick (n) contests, the minor share of the net Place Pick
(n) pool shall be distributed as a single price pool to those who selected the
first or second-place finisher in the greatest number of Place Pick (n)
contests; and the major share shall be added to the carryover.
c. Method 3, Place Pick (n) with No Minor
Pool and No Carryover: The net Place Pick (n) pool shall be distributed as a
single price pool to those who selected the first or second-place finisher in
the greatest number of Place Pick (n) contests, based upon the official order
of finish. If there are no winning wagers, the pool is refunded.
d. Method 4, Place Pick (n) with Minor Pool
and No Carryover: The major share of the net Place Pick (n) pool shall be
distributed to those who selected the first or second-place finisher in the
greatest number of Place Pick (n) contests, based upon the official order of
finish. The minor share of the net Place Pick (n) pool shall be distributed to
those who selected the first or second-place finisher in the second greatest
number of Place Pick (n) contests, based upon the official order of finish. If
there are no wagers selecting the first or second-place finisher in a second
greatest number of Place Pick (n) contests, the minor share of the net Place
Pick (n) pool shall be combined with the major share for distribution as a
single price pool to those who selected the first or second-place finisher in
the greatest number of Place Pick (n) contests. If the greatest number of first
or second-place finishers selected is one (1), the major and minor shares are
combined for distribution as a single price pool. If there are no winning
wagers, the pool is refunded.
e.
Method 5, Place Pick (n) with Minor Pool and No Carryover: The major share of
net Place Pick (n) pool shall be distributed to those who selected the first or
second-place finisher in each of the Place Pick (n) contests, based upon the
official order of finish. The minor share of the net Place Pick (n) pool shall
be distributed to those who selected the first or second-place finisher in the
second greatest number of Place Pick (n)contests, based upon the official order
of finish. If there are no wagers selecting the first or second-place finisher
in all Place Pick (n) contests, the entire net Place Pick (n) pool shall be
distributed as a single price pool to those who selected the first or
second-place finisher in the greatest number of Place Pick (n) contests. If
there are no wagers selecting the first or second-place finisher in a second
greatest number of Place Pick (n) contests, the minor share of the net Place
Pick (n) pool shall be combined with the major share for distribution as a
single price pool to those who selected the first or second-place finisher in
each of the Place Pick (n) contests. If there are no winning wagers, the pool
is refunded.
3. If there
is a dead heat for first in any of the Place Pick (n) contests involving:
a. contestants representing the same betting
interest, the Place Pick (n) pool shall be distributed as if no dead heat
occurred.
b. contestants
representing two or more betting interests, the Place Pick (n) pool shall be
distributed as a single price pool with a winning wager including each betting
interest participating in the dead heat.
4. If there is a dead heat for second in any
of the Place Pick (n) contests involving:
a.
contestants representing the same betting interest, the Place Pick (n) pool
shall be distributed as if no dead heat occurred.
b. contestants representing two or more
betting interests, the Place Pick (n) pool shall be distributed as a single
price pool with a winning wager including the betting interest which finished
first or any betting interest involved in the dead heat for second.
5. Should a betting interest in
any of the Place Pick (n) contests be scratched, 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, shall be substituted for
the scratched betting interest for all purposes, including pool calculations.
In the event that the Win pool total for two or more favorites is identical,
the substitute selection shall be the betting interest with the lowest program
number. The totalisator 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.
6. The Place Pick (n)
pool shall be cancelled and all Place Pick (n) wagers for the individual
performance shall be refunded if:
a. at least
two contests included as part of a Place Pick 3 are cancelled or declared "no
contest."
b. at least three
contests included as part of a Place Pick 4, Place Pick 5 or Place Pick 6 are
cancelled or declared "no contest."
c. at least four contests included as part of
a Place Pick 7, Place Pick 8 or Place Pick 9 are cancelled or declared "no
contest."
d. at least five contests
included as part of a Place Pick 10 are cancelled or declared "no
contest."
7. If at least
one contest included as part of a Place Pick (n) is cancelled or declared "no
contest", but not more than the number specified in subsection
6 of this rule, the net pool shall be
distributed as a single price pool to those whose selection finished first or
second in the greatest number of Place Pick (n) contests for that performance.
Such distribution shall include the portion ordinarily retained for the Place
Pick (n) carryover but not the carryover from previous performances.
8. The Place 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 Place Pick (n) carryover equals or exceeds
the designated cap, the Place Pick (n) carryover will be frozen until it is won
or distributed under other provisions of this rule. After the Place Pick (n)
carryover is frozen, 100 percent of the net pool, part of which ordinarily
would be added to the Place Pick (n) carryover, shall be distributed to those
whose selection finished first or second in the greatest number of Place Pick
(n) contests for that performance.
9. A written request for permission to
distribute the Place Pick (n) carryover on a specific performance may be
submitted to the Commission. The request must contain justification for the
distribution, an explanation of the benefit to be derived, and the intended
date and performance for the distribution.
10. Should the Place Pick (n)carryover be
designated for distribution on a specified date and performance in which there
are no wagers selecting the first or second-place finisher in each of the Place
Pick (n) contests, the entire pool shall be distributed as a single price pool
to those whose selection finished first or second in the greatest number of
Place Pick (n) contests. The Place Pick (n)carryover shall be designated for
distribution on a specified date and performance under any of the following
circumstances:
a. Upon written approval from
the Commission as provided in subsection
9 of this rule.
b. Upon written approval from the Commission
when there is a change in the carryover cap, a change from one type of Place
Pick (n) wagering to another, or when the Place Pick (n) is
discontinued.
c. On the closing
performance of the meet or split meet.
11. If, for any reason, the Place Pick (n)
carryover must be held over to the corresponding Place Pick (n) pool of a
subsequent meet, the carryover shall be deposited in an interest-bearing
account approved by the Commission. The Place Pick (n) carryover plus accrued
interest shall then be added to the net Place Pick (n) pool of the following
meet on a date and performance so designated by the Commission.
12. With the written approval of the
Commission, the association may contribute to the Place Pick (n) carryover a
sum of money up to the amount of any designated cap.
13. Providing information to any person
regarding covered combinations, amounts wagered on specific combinations,
number of tickets sold, or number of live tickets remaining is strictly
prohibited. This shall not prohibit necessary communication between totalisator
and parimutuel department employees for processing of pool data.
14. The association may suspend
previously-approved Place Pick (n) wagering with the prior approval of the
Commission. Any carryover shall be held until the suspended Place Pick (n)
wagering is reinstated. An association may request approval of a Place Pick (n)
wager or separate wagering pool for specific performances.
