Current through Register Vol. 49, No. 13, September 23, 2024
Subpart 1.
Scope.
Pick (n) wagers requires selection of the first place finisher
in each of a designated number of contests ranging from as few as three
contests to as many as 16 contests. All contests subject to a specific Pick (n)
wager must be held on a single racing day.
Subp. 2.
Price of tickets.
Pick (n) wager tickets must be sold singly in not less than ten
cent denominations.
Subp.
3.
Ticket is evidence of binding contract.
A Pick (n) wager 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 Pick (n) wager provisions and
rules.
Subp. 4.
Pick
(n) wagers may be given a specific name.
Any Pick (n) wager may be given a distinctive name to be
selected by the association conducting these races, subject to the approval of
the commission.
Subp. 5.
Specific requirements for commission approval.
In order to be considered for approval, the association must
specifically outline each type of Pick (n) wager to be offered within its
pari-mutuel pools request. The pari-mutuel pools request must contain each of
the following for every Pick (n) wager that association desires to
offer:
A. the number of contests the
Pick (n) wager will comprise;
B.
any specific name the association wishes to give the wager as allowed in
subpart
3; and
C. a designation of one of the methods of
payment outlined within subpart
5, including a description of
relevant percentages chosen by the association that are specific to the chosen
method of calculation.
Subp.
6.
Pick (n) pool payout methods.
Pick (n) pools shall be paid under one of the following
methods.
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 no
such wagers, 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.
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 no such wagers, 100 percent of that day's pool shall be
added to the carryover.
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.
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 is 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 the 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, the major and minor
shares are combined for distribution as a single-price pool. If there are no
winning wagers, the pool is refunded.
F. Method 6, 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 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 the 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 is 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 is no
unique ticket selecting the first place finisher in each of the Pick (n)
contests, or if there are no wagers selecting the first place finisher of all
Pick (n) contests, the major 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 remainder 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 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 subpart,
associations must clearly identify which definition under subpart 7a, item B,
will be relied upon for determining the existence of a unique winning ticket.
Subp. 7.
Mandatory payouts.
On each respective final Pick (n) of the meet, all pools and
carryovers shall be paid out in full as prescribed in subpart
6, item E. For purposes of
mandatory payouts, jackpot pools and jackpot carryovers shall be considered
part of the major pool.
Subp.
7a.
Unique winning tickets.
As it relates to any distribution under Method 7 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 race day must be submitted to the commission's
director, deputy director, or director of pari-mutuels at least three days
prior to the race day. The request must contain justification for the
distribution, an explanation of the benefit to be derived, and the intended
race day for the distribution. Should the Pick (n) unique winning ticket net
pool and any applicable carryover be designated for distribution on a specified
race day 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; and
B. associations must clearly identify for the
public which selection under subitems (1) and (2) will be relied upon for
determining the existence of a unique winning ticket:
(1) there is one and only one 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 and only one winning combination selecting the first place finisher in each
of the Pick (n) contests, based upon the official order of finish, is equal to
the minimum allowable wager.
Subp. 8.
Cancellation of the final Pick
(n) of the meet.
If, for any reason, the final day of racing is canceled or any
Pick (n) pool or carryover has not been distributed at the close of the meet,
the pool or carryover shall be escrowed by the association, and the pool, as
well as all accrued interest, shall be carried over and included in the
appropriate Pick (n) pool for the next succeeding racing date as an additional
net amount to be distributed.
Subp.
9.
Cancellation of races comprising Pick (n).
The Pick (n) pool shall be canceled and all Pick (n) wagers for
the individual performance shall be refunded if:
A. at least two contests included as part of
Pick 3 are canceled and declared "no contest";
B. at least three contests included as part
of a Pick 4, Pick 5, or Pick 6 are canceled or declared "no contest";
C. at least four contests included as part of
a Pick 7, Pick 8, or Pick 9 are canceled or declared "no contest"; or
D. at least five contests included as part of
a Pick 10, Pick 11, Pick 12, Pick 13, Pick 14, Pick 15, or Pick 16 are canceled
or declared "no contest."
If at least one contest included as part of a Pick (n) is
canceled or declared "no contest," but not more than the number specified
within this subpart, the net pool shall be distributed as a single-price pool
to those whose selections finished first in the greatest number of Pick (n)
contests for that performance. The distribution shall include the portion
ordinarily retained for the Pick (n) carryover but not the carryover from
previous performances.
Subp.
10.
Actual favorite substituted for scratched horse.
In the event a Pick (n) ticket designates a selection in any
one or more of the races comprising the Pick (n) 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.
The association may refund Pick (n) tickets that include the
scratched selection prior to the beginning of wagering for the first race
comprising the Pick 3 races.
Subp.
11.
Dead heats.
In the event of a dead heat for win between two or more horses
in any Pick (n) race, all the horses in the dead heat for win shall be
considered winning horses in the race for the purpose of calculating the
pool.
Subp. 12.
Change of surface after Pick (n) sequence begins.
If the condition of the course warrants a change of racing
surface in any of the legs of the Pick (n) races, and the change was not known
to the public before the close of wagering for the Pick (n) pool, the stewards
shall declare the changed legs an "All-Win" for Pick (n) wagering purposes
only.
Subp. 13.
Association may contribute or guarantee pools.
With the approval of the commission, the association may
guarantee a pool in any Pick (n) race. If the total pool doesn't meet the
guaranteed sum, the association must add the difference to the guaranteed
pool.
Subp. 14.
No
Pick (n) ticket to be exchanged or canceled.
No pari-mutuel ticket for a Pick (n) pool shall be sold,
exchanged, or canceled after the time of the closing of wagering in the first
of the races comprising that Pick (n), except for refunds on Pick (n) tickets
as required by subpart
6.
Subp. 15.
Announcement of payoff
prices.
After the second to last race comprising the Pick (n) has been
declared official, an association may post possible payoff prices to the public
before the start of the final race of the Pick (n).
Subp. 16.
Suspension of Pick (n) pool
or separate Pick (n) pool.
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.