Ohio Administrative Code
Title 3769 - State Racing Commission
Chapter 3769-3 - Wagering
Section 3769-3-34 - Place pick (n) pools
Current through all regulations passed and filed through September 16, 2024
(A) The place pick (n) requires selection of the first or second-place finisher in each of a designated number of contests. The association has to 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 needs to have prior approval from the Commission.
(B) The place pick (n) pool will be apportioned under one of the following methods:
(C) If there is a dead heat for first in any of the place pick (n) contests involving:
(D) If there is a dead heat for second in any of the place pick (n) contests involving:
(E) 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, will 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 will be the betting interest with the lowest program number. The totalizator will 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.
(F) The place pick (n) pool will be cancelled and all place pick (n) wagers for the individual performance will be refunded if:
(G) 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 paragraph (F) of this rule, the net pool will 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 will include the portion ordinarily retained for the place pick (n) carryover but not the carryover from previous performances.
(H) 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, one hundred percent of the net pool, part of which ordinarily would be added to the place pick (n) carryover, will be distributed to those whose selection finished first or second in the greatest number of place pick (n) contests for that performance.
(I) A written request for permission to distribute the place pick (n) carryover on a specific performance may be submitted to the commission. The request has to contain justification for the distribution, an explanation of the benefit to be derived, and the intended date and performance for the distribution.
(J) 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 will 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 will be designated for distribution on a specified date and performance under any of the following circumstances:
(K) If, for any reason, the place pick (n) carryover has to be held over to the corresponding place pick (n) pool of a subsequent meet, the carryover will be deposited in an interest-bearing account approved by the commission. The place pick (n) carryover plus accrued interest will then be added to the net place pick (n) pool of the following meet on a date and performance so designated by the commission.
(L) 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.
(M) 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 will not prohibit necessary communication between totalizator and pari-mutuel department employees for processing of pool data.
(N) The association may suspend previously-approved place pick (n) wagering with the prior approval of the commission. Any carryover will 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.
R.C. 119.032 review dates:
11/06/2013 and
11/06/2018
Promulgated
Under: 119.03
Statutory Authority: 3769.03
Rule
Amplifies: 3769.03
Prior Effective Dates:
1/1/2009