Current through Register Vol. 49, No. 13, September 23, 2024
Subpart 1.
Scope.
The place pick all pari-mutuel pool is not a parlay and has no
connection with or relation to any other pari-mutuel pool conducted by the
association.
Subp. 2.
Ticket is evidence of binding contract.
A place pick all ticket shall be evidence of a binding contract
between the holder of the ticket and the racing association and the ticket
shall constitute an acceptance of the place pick all provisions and
rules.
Subp. 3.
Place
pick all may be given a distinctive name.
A place pick all may be given a distinctive name to be selected
by the association conducting these races, subject to the approval of the
commission.
Subp. 4.
Place pick all pool.
The place pick all pari-mutuel pool consists of amounts
contributed for a selection finishing first or second in each of the races
designated by the association with the approval of the commission. Each person
purchasing a place pick all ticket shall designate a horse that officially
finishes first or second in each of the races comprising that day's racing
program.
Subp. 5.
Coupled entries and fields.
Horses constituting an entry of coupled horses or horses
coupled to constitute the mutuel field in a race comprising the place pick all,
shall race as a single wagering interest for the purpose of the place pick all
pari-mutuel pool calculations and payouts to the public. However, if any part
of either an entry or the field racing as a single wagering interest is a
starter in a race, the entry or the field selection shall remain as the
designated selection to win in that race for the place pick all calculation,
and the selection shall not be deemed a scratch.
Subp. 6.
Calculation of pool.
A. The place pick all pari-mutuel pool must
be calculated according to one of the two methods provided in item B or C, as
approved by the commission.
B. One
hundred percent of the net amount in the pari-mutuel pool subject to
distribution among winning ticket holders shall be distributed among the
holders of pari-mutuel tickets which correctly designate the most winning
selections officially finishing first or second in each of the races comprising
that day's racing program.
C.
(1) One hundred percent of the net amount in
the pari-mutuel pool subject to distribution among winning ticket holders shall
be distributed among the holders of pari-mutuel tickets which correctly
designate a horse that officially finishes first or second in each of the races
comprising that day's racing program.
(2) In the event there is no pari-mutuel
ticket properly issued which correctly designates a horse that officially
finishes first or second in each of the races comprising that day's racing
program, 75 percent of the pari-mutuel pool shall not be distributed but shall
be retained by the association as a distributable amount and shall be carried
over and included in the place pick all pari-mutuel pool for the next
succeeding racing date as an additional net amount to be distributed among the
holders of pari-mutuel tickets which correctly designate the official winner in
each of the four races comprising the pick four pool that day. The remaining 25
percent shall be distributed among the holders of place pick all tickets that
correctly designate the most horses officially finishing first or second in
each of the races comprising that day's racing program.
D. The method of distribution shall be
selected by the racing association and implemented after approval by the
commission provided that the method of distribution benefits the wagering
public and does not adversely affect the integrity of racing.
E. Should no distribution be made pursuant to
item B or C on the last day of the association's meeting, then the entire
distributable pool and all money accumulated in the pool shall be distributed
to the holders of tickets correctly designating the most winning selections of
the races comprising the place pick all for that day. If, for any reason, the
final day of racing is canceled or the place pick all pool has not been
distributed, the pool shall be escrowed by the association, and the pool, as
well as all accrued interest, shall be carried over and included in the place
pick all pari-mutuel pool for the next succeeding racing date as an additional
net amount to be distributed.
F.
With the permission of the director, a licensee may declare a mandatory payout:
(1) on the next consecutive race day after
the place pick all carryover pool has reached a previously approved amount;
or
(2) on a day during which a
special event has been scheduled.
G. Should no distribution be made pursuant to
item B or C, then the entire distributable pool and all money accumulated in
the pool must be distributed to the holders of the tickets correctly
designating the most winning selections of the races comprising the place pick
all for that day.
H. If, for any
reason, the day of racing is canceled, or the place pick all pool has not been
distributed, the pool must be carried over and included in the place pick all
pari-mutuel pool for the next succeeding racing day as an additional net amount
to be distributed.
Subp.
7.
Actual favorite substituted for scratched horse.
In the event a place pick all pari-mutuel ticket designates a
selection in any one or more of the races comprising the place pick all and
that selection is scratched, excused, or determined by the stewards to be a
nonstarter in the race, the actual favorite, as evidenced by the amounts
wagered in the win pool at the time of the start of the race, will be
substituted for the nonstarting selection for all purposes, including pool
calculations and payoffs.
Statutory Authority: MS s
240.13;
240.23
