Current through Register Vol. 51, No. 19, September 20, 2024
A. The Ocean High
Five is a contract by the purchaser of a ticket combining five horses to finish
first, second, third, fourth, and fifth, in that specific order, in a race on
which Ocean High Five wagering is offered. Payment of the ticket shall be made
only to the purchaser who has selected the same order of finish as officially
posted.
B. The Ocean High Five is
not a parlay and has no connection with, or relation to, any other wagering
pool. The Ocean High Five shall be calculated as an entirely separate
pool.
C. Subject to Commission
approval, the racing association shall establish the minimum amount for a bet
on Ocean High Five tickets.
D.
Ocean High Five wagering may be conducted on a race that has at least seven
separate wagering interests.
E. If
there is no pari-mutuel ticket issued that selects the first five finishers in
exact order, then the entire net pool shall be:
(1) Carried over to the next qualifying race
offering Ocean High Five wagering; and
(2) Combined with the Ocean High Five net
pool for that race to determine the applicable payout.
F. Distribution.
(1) The entire Ocean High Five net pool plus
any carryover shall be distributed on the last day of the race meet by the
racing association, which shall hold Ocean High Five wagering on one race that
day.
(2) If a ticket is not sold
that correctly selects five horses to finish first, second, third, fourth, and
fifth, in that specific order, the entire net pool plus any carryover shall be
distributed to the holders of tickets that correctly select four horses to
finish first, second, third, and fourth, in that specific order.
(3) If such a ticket is not sold, the entire
net pool plus any carryover shall be distributed to the holders of tickets that
correctly select three horses to finish first, second, and third, in that
specific order.
(4) If such a
ticket is not sold, the entire net pool plus any carryover shall be distributed
to the holders of tickets that correctly select two horses to finish first and
second, in that specific order.
(5)
If no such ticket is sold, the entire net pool plus any carryover shall be
distributed to the holders of tickets that correctly select the winner of the
race.
(6) If no such ticket is sold,
the entire net pool plus any carryover shall be evenly distributed to the
holders of all tickets.
G. If, for any reason, there is not a
mandatory distribution of the Ocean High Five carryover as provided in §F
of this regulation, the Ocean High Five carryover shall be:
(1) Placed into an interest bearing account
as approved by the Commission; and
(2) With accrued interest, added to the Ocean
High Five pool of the next race meet held by a racing association where Ocean
High Five wagering is conducted, unless otherwise agreed by that racing
association and the racing association where the Ocean High Five pool carryover
was generated.
H. If a
dead heat, or heats, occur in a race on which there is Ocean High Five
wagering:
(1) A horse in a dead heat shall be
considered as finishing in the position for which it dead heated; and
(2) Any selection in an Ocean High Five wager
that correctly selects a horse in a dead heat as finishing in the position for
which the horse dead heated shall be treated as a correct selection.
I. In the event of a scratch in an
Ocean High Five race:
(1) Exchanges may not
be made; and
(2) All tickets that
include the scratched horse shall be refunded.
J. Coupled entries are permitted, but fields
are prohibited in Ocean High Five races.
K. For price calculations only, coupled
entries shall be calculated as a single finishing horse, using the finishing
position of the leading horse in the coupled entry to determine the order of
placing. Example: If the actual order of finish in a race is 1 / 2 / 1A / 3 / 4
/ 5, then the finishers used for that race in the Ocean High Five would be 1 /
2 / 3 / 4 / 5.
L. Sale.
(1) Ocean High Five tickets shall be sold
only by the licensee through pari-mutuel machines programmed to print all
selections on one ticket.
(2)
Resale of tickets from one individual to another is prohibited and is grounds
for ejection.
M. This
regulation shall be printed in heavy type in a conspicuous place in the program
or prominently posted near the betting windows of any association conducting
this type of wager.
