Current through September 21, 2024
(a) General
(i) All permitted pari-mutuel wagering pools
shall be separately and independently calculated and distributed. Takeout shall
be deducted from each gross pool as stipulated by law. The remainder of the
monies in the pool shall constitute the net pool for distribution as payoff on
the winning wagers.
(ii) For each
wagering pool, the amount wagered on the winning betting interest or betting
combinations is deducted from the net pool to determine the profit; the profit
is then divided by the amount wagered on the winning betting interest or
combinations, such quotient being the profit per dollar.
(iii) Either the standard or net price
calculation procedure may be used to calculate single commission pools, while
the net price calculation procedure must be used to calculate multi-commission
pools.
(A) Standard price calculation
procedure:
SINGLE PRICE POOL (WIN POOL)
gross pool | = sum of wagers on all betting
interest - refunds |
net pool | = gross pool x (1 - percent
takeout) |
profit | = net pool - gross amount bet on
winner |
profit per dollar | = profit/gross amount bet
on winner |
$1 unbroken price | = profit per dollar + $1
|
PRICE SPLIT (PLACE POOL)
Profit is net pool less gross amount bet on all place
finisher. Finishers split profit 1/2 and 1/2 (place profit), then divide by
gross amount bet on each place finisher for two unique prices.
PROFIT SPLIT (SHOW POOL)
Profit is net pool less gross amount bet on all show
finishers. Finishers split profit 1/3 and 1/3 and 1/3 (show profit), then
divide by gross amount bet on each show finisher for three unique
prices.
Net price calculation procedure:
gross pool | = sum of wagers on all betting
interest - refunds |
* for each source: |
net pool | = gross pool x (1 - percent
takeout) |
net bet on winner | = gross amount bet on
winner x (1 - percent takeout) |
total net pool | = sum of all sources net
pools |
total net bet on winner | = sum of all sources
net bet on winner |
total profit | = total net pool - total net
bet on winner |
profit per dollar | = total profit/total net
bet on winner |
$1 unbroken base price | = profit per dollar +
$1 |
* for each source:
unbroken $1 price = $1 unbroken base price x (1 - percent
takeout)
PROFIT SPLIT (PLACE POOL)
Total profit is the total net pool less the total net amount
bet on all place finishers. Finishers split total profit 1/2 and 1/2 (place
profit), then divide by total net amount bet on each place finisher for two
unique unbroken base prices.
PROFIT SPLIT (SHOW POOL)
Total profit is the total net pool less the total net amount
bet on all show finishers. Finishers split total profit 1/3 and 1/3 and 1/3
(show profit), then divide by total net amount bet on each show finisher for
three unique unbroken base prices.
(iv) If a profit split results in only one
covered winning betting interest or combinations it shall be calculated the
same as a single price pool.
(v)
Minimum payoffs and the method used for calculating breakage shall be
established by the Commission.
(vi)
The individual pools outlined in these rules may be given alternative names by
each Permittee, provided prior approval is obtained from the
Commission.
(b) Win Pools
(i) The amount wagered on the betting
interest which finishes first is deducted from the net pool, the balance
remaining betting the profit; the profit is divided by the amount wagered on
the betting interest finishing first, such quotient being the profit per dollar
wagered to Win on that betting interest.
(ii) The net Win pool shall be distributed as
a single price pool to winning wagers in the following precedence, based upon
the official order of finish:
(A) To those
whose selection finished first; but if there are no such wagers, then
(B) To those whose selection finished second;
but if there are no such wagers, then
(C) To those whose selection finished third;
but if there are no such wagers, then
(D) The entire pool shall be refunded on Win
wagers for that contest.
(iii) If there is a dead heat for first
involving:
(A) Contestants representing the
same betting interest, the Win pool shall be distributed as if no dead heat
occurred.
(B) Contestants
representing two or more betting interests, the Win pool shall be distributed
as a profit split.
WIN POOL
Sum of Wagers on All Betting Interests = |
$194,230.00 |
Refunds = | $1,317.00 |
Gross Pool: Sum of Wagers on All Betting Interest -
Refunds = | $192,913.00 |
Percent Takeout = | 18% |
Net Pool: Gross Pool x (1 - Percent Takeout) |
$158,188.66 |
Gross Amount Bet on Winner = | $23,872.00
|
Profit: |
Net Pool - Gross Amount Bet on Winner = |
$134,316.66 |
Profit Per Dollar: Profit/Gross Amount Bet on Winner =
| $5.6265357 |
$1 Unbroken Price: Profit Per Dollar + $1 = |
$6.6265357 |
(c) Place Pools
(i) The amounts wagered to Place on the first
two betting interests to finish are deducted from the net pool, the balance
remaining being the profit; the profit is divided into two equal portions, one
being assigned to each winning betting interest and divided by the amount
wagered to Place on that betting interest, the resulting quotient is the profit
per dollar wagered to Place on that betting interest.
(ii) The net Place pool shall be distributed
to winning wagers in the following precedence, based upon the official order of
finish:
(A) If contestants of a coupled entry
or mutuel field finished in the first two places, as a single price pool to
those who selected the coupled entry or mutuel field; otherwise
(B) As a profit split to those whose
selection is included within the first two finishers; but if there are not such
wagers on one of those two finishers; then
(C) As a single price pool to those who
selected the one covered betting interest included within the first two
finishers; but if there are no such wagers, then
(D) As a single price pool to those who
selected the third-place finisher, but if there are no such wagers,
then
(E) The entire pool shall be
refunded on Place wagers for that contest.
(iii) If there is a dead heat for first
involving:
(A) Contestants representing the
same betting interest, the Place pool shall be distributed as a single price
pool.
(B) Contestants representing
two or more betting interests, the Place pool shall be distributed as a profit
split.
(iv) If there is a
dead heat for second involving:
(A)
Contestants representing the same betting interest, the Place pool shall be
distributed as if no dead heat occurred.
(B) Contestants representing two or more
betting interest, the Place pool is divided with one-half (1/2) of the profit
distributed to Place wagers on the betting interest finish first and the
remainder is distributed equally amongst Place wagers on those betting interest
involved in the dead heat for second.
PLACE POOL
Sum of Wagers on All Betting Interest = |
$194,230.00 |
Refunds = | $1,317.00 |
Gross Pool: |
Sum of Wagers on All Betting Interest - Refunds =
| $192,913.00 |
Percent Takeout = | 18% |
Net Pool: Gross Pool x (1 - Percent Takeout) |
$158,188.66 |
Gross Amount Bet on 1st place finisher = |
$23,872.00 |
Gross Amount Bet on 2nd place finisher = |
$12,500.00 |
Profit: |
Net Pool - Gross Amount Bet on 1st Place Finisher
|
Net Pool - Gross Amount Bet on 2nd Place Finisher =
| $121,816.66 |
Place Profit: Profit / 2 = | $60,908.33 |
Profit Per Dollar for 1st place: |
Place Profit/Gross Amount Bet on 1st place finisher =
| $2.5514548 |
$1 Unbroken Price for 1st place: |
Profit Per Dollar for 1st place + $1 = |
$3.5514548 |
Profit per Dollar for 2nd place: |
Place Profit/Gross Amount Bet on 2nd place finisher =
| $4.8726665 |
$1 Unbroken Price for 2nd place: |
Profit Per Dollar for 2nd place + $1 = |
$5.8726664 |
(d) Show Pools
(i) The amounts wagered to Show on the first
three betting interests to finish are deducted from the net pool, the balance
remaining being the profit; the profit is divided into three equal portions,
one being assigned to each winning betting interest and divided by the amount
wagered to Show on that betting interest, the resulting quotient being the
profit per dollar wagered to Show on that betting interest.
(ii) The net Show pool shall be distributed
to winning wagers in the following precedence, based upon the official order of
finish:
(A) If contestants of a coupled entry
or mutuel field finished in the first three places, as a single price pool to
those who selected the coupled entry or mutuel field; otherwise
(B) If contestants of a coupled entry or
mutuel field finished as two of the first three finishers, the profit is
divided with two-thirds (2/3) distributed to those who selected the couple
entry or mutuel field and one-third (1/3) distributed to those who selected the
other betting interest included within the first three finishers;
otherwise
(C) As a profit split to
those whose selection is included within the first three finishers; but if
there are no such wagers on one of those three finishers, then
(D) As a profit split to those who selected
one of the two covered betting interest included within the first three
finishers; but if there are no such wagers on two of those three finishers,
then
(E) As a single price pool to
those who selected the one covered betting interest included within the first
three finishers; but if there are no such wagers, then
(F) As a single price pool to those who
selected the fourth-place finisher; but if there are no such wagers,
then
(G) The entire pool shall be
refunded on Show wagers for that contest.
(iii) If there is a dead heat for first
involving:
(A) Two contestants representing
the same betting interest, the profit is divided with two-thirds (2/3)
distributed to those who selected the first-place finishers and one-third (1/3)
distributed to those who selected the betting interest finishing
third.
(B) Three contestants
representing a single betting interest, the Show pool shall be distributed as a
single price pool.
(C) Contestants
representing two or more betting interest, the Show pool shall be distributed
as a profit split.
(iv)
If there is a dead heat for second involving:
(A) Contestants representing the same betting
interest, the profit is divided with one-third (1/3) distributed to those who
selected the betting interest finishing first and two-thirds (2/3) distributed
to those who selected the second-place finishers.
(B) Contestants representing two betting
interest, the Show pool shall be distributed as a profit split.
(C) Contestants representing three betting
interest, the Show pool is divided with one-third (1/3) of the profit
distributed to Show wagers on the betting interest finishing first and the
remainder is distributed equally amongst Show wagers on those betting interests
involved in the dead heat for second.
(v) If there is a dead heat for third
involving:
(A) Contestants representing the
same betting interest, the Show pool shall be distributed as if no dead heat
occurred.
(B) Contestants
representing two or more betting interest, the Show pool is divided with
two-thirds (2/3) of the profit distributed to Show wagers on the betting
interests finishing first and second and the remainder is distributed equally
amongst Show wagers on those betting interests involved in the dead heat for
third.
SHOW POOL
Sum of Wagers on All Betting Interests = |
$194,230.00 |
Refunds = | $1,317.00 |
Gross Pool: Sum of Wagers on All Betting Interest -
Refunds = | $192,913.00 |
Percent Takeout = | 18% |
Net Pool: Gross Pool x (1 - Percent Takeout) |
$158,188.66 |
Gross Amount Bet on 1st place finisher = |
$23,872.00 |
Gross Amount Bet on 2nd place finisher = |
$12,500.00 |
Gross Amount Bet on 3rd place finisher = |
$4,408.00 |
Profit: |
Net Pool - Gross Amount Bet on 1st Place Finisher
|
Net Pool - Gross Amount Bet on 2nd Place Finisher
|
Net Pool - Gross Amount Bet on 3rd Place Finisher =
| $117,408.66 |
Show Profit: Profit / 3 = | $39,136.22 |
Profit Per Dollar for 1st place: |
Show Profit/Gross Amount Bet on 1st place finisher =
| $1.6394194 |
$1 Unbroken Price for 1st place: |
Profit Per Dollar for 1st place + $1 = |
$2.6394194 |
Profit per Dollar for 2nd place: |
Show Profit/Gross Amount Bet on 2nd place finisher =
| $3.1308876 |
$1 Unbroken Price for 2nd place: |
Profit Per Dollar for 2nd place + $1 = |
$4.1308976 |
Profit Per Dollar for 3rd place: |
Show Profit/Gross Amount Bet on 3rd Place finisher =
| $8.8784528 |
$1 Unbroken Price for 3rd place: |
Profit Per Dollar for 3rd place + $1 = |
$9.8784528 |
SHOW POOL
Single Takeout Rate & Single Betting Source
Sum of Wagers on All Betting Interests = |
$194,230.00 |
Refunds = | $1,317.00 |
Gross Pool: Sum of Wagers on All Betting Interest -
Refunds = | $192,913.00 |
Percent Takeout = | 18% |
Total Net Pool: Gross Pool x (1 - Percent Takeout) =
| $158,188.66 |
Gross Amount Bet on 1st place finisher = |
$23,872.00 |
Net Amount Bet on 1st place finisher = |
$19,575.04 |
Gross Amount Bet on 2nd place finisher = |
$12,500.00 |
Net Amount Bet on 2nd place finisher = |
$10,250.00 |
Gross Amount Bet on 3rd place finisher = |
$4,408.00 |
Net Amount Bet on 3rd place finisher = |
$3,614.56 |
Total Net Bet on Winners: |
Net Amount Bet on 1st place finisher + |
Net Amount Bet on 2nd place finisher + |
Net Amount Bet on 3rd place finisher = |
$33,439.60 |
Total Profit: |
Total Net Pool - Total Net Bet on Winner = |
$124,749.06 |
Show Profit: Total Profit /3 = | $41,583.02
|
Profit Per Dollar for 1st place: |
Show Profit/Net Amount Bet on 1st place finisher =
| $2.1242879 |
$1 Unbroken Base Price for 1st place: |
Profit Per Dollar for 1st place + $1 = |
$3.1242879 |
$1 Unbroken Price for 1st place: |
$1 Unbroken base Price for 1st place x (1 - percent
takeout) | $2.5619161 |
Profit Per Dollar for 2nd place: |
Show Profit/Net Amount Bet on 2nd place finisher =
| $4.0568800 |
$1 Unbroken Base Price 2nd place: |
Profit Per Dollar for 2nd place + $1 = |
$5.0568800 |
$1 Unbroken Price for 2nd place: |
$1 Unbroken Base Price for 2nd place x (1 - percent
takeout) = | $4.1466416 |
Profit Per Dollar for 3rd place: |
Show Profit/Net Amount bet on 3rd place finisher =
| $11.504310 |
$1 Unbroken Base Price for 3rd place: |
Profit Per Dollar for 3rd place + $1 = |
$12.504310 |
Unbroken Price for 3rd place: |
$1 Unbroken Base Price for 3rd place x (1 - percent
takeout) = | $10.253534 |
(e) Double Pools
(i) The Double requires section of the
first-place finisher in each of two specified contests.
(ii) The net Double pool shall be distributed
to winning wagers in the following precedence, based upon the official order of
finish:
(A) As a single price pool to those
whose selection finished first in each of the two contest; but if there are no
such wagers, then
(B) As a profit
split to those who selected the first-place finisher in either of the two
contests; but if there are no such wagers, then
(C) As a single price pool to those who
selected the one covered first-place finisher in either contest; but if there
are no such wagers, then
(D) As a
single price pool to those whose selection finished second in each of the two
contests but if there are no such wagers, then
(E) The entire pool shall be refunded on
Double wagers for those contests.
(iii) If there is a dead heat for first in
either of the two contests involving:
(A)
Contestants representing the same betting interest, the Double pool shall be
distributed as if no dead heat occurred.
(B) Contestants representing two or more
betting interest, the Double pool shall be distributed as a profit split if
there is more than one covered winning combination.
(iv) Should a betting interest in the
first-half of the Double be scratched prior to the first Double contest being
declared official, all money wagered on combinations including the scratched
betting interest shall be deducted from the Double pool and refunded.
(v) Should a betting interest in the
second-half of the Double be scratched prior to the close of wagering on the
first Double contest, all money wagered on combinations including the scratched
betting interest shall be deducted from the Double pool and refunded.
(vi) Should a betting interest in the
second-half of the Double be scratched after the close of wagering on the first
Double contest, all wagers combining the winner of the first contest with the
scratched betting interest in the second contest shall be allocated a
consolation payoff. In calculating the consolation payoff the net Double pool
shall be divided by the total amount wagered on the winner of the first contest
and an unbroken consolation price obtained. The broken consolation price is
multiplied by the dollar value of wagers on the winner of the first contest
combined with the scratched betting interest to obtain the consolation payoff.
Breakage is not utilized in this calculation. The consolation payoff is
deducted from the net Double pool before calculation and distribution of the
winning Double payoff. Dead heats including separate betting interests in the
first contest shall result in a consolation payoff calculated as a profit
split.
(vii) If either of the
Double contests are cancelled or declared "no contest" after the conclusion of
the first Double contest, the net Double pool shall be distributed as a single
price pool to wagers selecting the winner of the first Double contest. In the
event of a dead heat involving separate betting interests, the net Double pool
shall be distributed as a profit split.
DOUBLE POOL
Sum of Wagers on All Betting Interests = |
$194,230.00 |
Refunds = | $1,317.00 |
Gross Pool: Sum of wagers on All Betting Interests -
Refunds = | $192,913.00 |
Percent Takeout = | 18% |
Net Pool: Gross Pool x (1 - Percent Takeout) =
| $158,188.66 |
Gross Amount Bet on Winning Combination = |
$23,872.00 |
Profit: Net Pool - Gross Amount Bet on Winning
Combination = | $134,316.66 |
Profit Per Dollar: Profit/Gross Amount Bet on Winning
Combination = | $5.6265357 |
$1 Unbroken Price: Profit Per Dollar + $1 = |
6.6265357 |
CONSOLATION DOUBLE POOL
Sum of Wagers on All Betting Interests = |
$194,230.00 |
Refunds = | $1,317.00 |
Gross Pool: Sum of Wagers on All Betting Interest -
Refunds = | $192,913.00 |
Percent Takeout = | 18% |
Net Pool: Gross Pool x (1 - Percent Takeout) =
| $158,188.66 |
Consolation Pool: Sum Total Amount Bet on Winner of
the first contest with all second contest betting interest
= | $43,321.00 |
$1 Consolation Unbroken Consolation Price: |
Net Pool/Consolation Pool = | $3.6515468 |
$1 Consolation Broken Price = | $3.65 |
Amount Bet on winner of the first contest with
scratched betting interests: | $1,234.00 |
Consolation Liability: |
$1 Consolation Broken Price x (Amount bet on the
winner of the first contest with scratched betting interests)
= | $4,504.10 |
Adjusted Net Pool: |
Net Pool - Consolation Liability = |
$153,684.56 |
Gross Amount Bet on the Winning Combination =
| $23,872.00 |
Profit: |
Adjusted Net Pool - Gross Amount Bet on the Winning
Combination = | $129,812.56 |
Profit Per Dollar: Profit/Gross Amount Bet on the
Winning Combination = | $5.4378586 |
(f) Pick Three Pools
(i) The Pick Three requires selection of the
first-place finisher in each of three specified contests.
(ii) The net Pick Three pool shall be
distributed to winning wagers in the following precedence, based upon the
official order offinish:
(A) As a single price
pool to those whose selection finished first in each of the three contests; but
if there are no such wagers, then
(B) As a single price pool to those who
selected the first-place finisher in any two of the three contests; but if
there are no such wagers, then
(C)
As a single price pool to those who selected the first-place finisher in any
one of the three contests; but if there are no such wagers, then
(D) The entire pool shall be refunded on Pick
Three wagers for those contests.
(iii) If there is a dead heat for first in
any of the three contests involving:
(A)
Contestants representing the same betting interest, the Pick Three pool shall
be distributed as if no dead heat occurred.
(B) Contestants representing two or more
betting interests, the Pick Three pool shall be distributed as a single price
pool with each winning wager receiving an equal share of the profit.
(iv) Should a betting interest in
any of the three Pick Three contests be scratched, the actual favorite, as
evidenced by total amounts wagered in the Win pool 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.
(v)
If all three Pick Three contests are cancelled or declared "no contest", the
entire pool shall be refunded on Pick Three wagers for those
contests.
(vi) If one or two of the
Pick Three contests are cancelled or declared "no contest", the Pick Three pool
will remain valid and shall be distributed in accordance with subsection
2 of this rule.
(g) Pick (n) Pools
(i) The Pick (n) requires selection of the
first-place finisher in each of a designated number of contests. The Permittee
must obtain written approval from the Commission concerning the scheduling of
Pick (n) contest, the designation of one of the methods prescribed in Part
(ii), and the amount of any cap to be set on the carryover. Any changes to the
approved Pick (n) format require prior approval from the Commission.
(ii) The Pick (n) pool, shall be apportioned
under one of the following methods:
(A)
Method 1, Pick (n) with Carryover, No Minor Pool: 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,
then 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 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 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.
(C)
Method
3, 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.
(D)
Method 4,
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 the greatest
number of the first-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, Pick (n) with Minor
Pool and No Carryover: The major share of net Pick (n) pool 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) contest, 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 winning wagers, the pool is refunded.
(iii) If there is a dead heat for first in
any of the Pick (n) contests involving:
(A)
Contestants representing the same betting interest, the Pick (n) pool shall be
distributed as if no dead heat occurred.
(B) Contestants representing two or more
betting interests, the Pick (n) pool shall be distributed as a single price
pool with each winning wager receiving an equal share of the profit.
(iv) Should a betting interest in
any of the Pick (n) contests be scratched, the actual favorite, as evidenced by
total amounts wagered in the Win pool 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.
(v) The Pick
(n) pool shall be cancelled and all Pick (n) wagers for the individual
performance shall be refunded if:
(A) At least
two contests included as part of a Pick 3 are cancelled or declared "no
contest".
(B) At least three
contests included as part of a Pick 4, Pick 5 or Pick 6 are cancelled or
declared "no contest".
(C) At least
four contests included as part of a Pick 7, Pick 8 or Pick 9 are cancelled or
declared "no contest".
(D) At least
five contests included as part of a Pick 10 are cancelled or declared "no
contest".
(E) At least five
contests included as part of a pick 10 are cancelled or declared "no
contest".
(vi) If at
least one contest included as part of a Pick (n) is cancelled or declared "no
contest", but not more than the number specified in subsection (E) of this
rule, the net pool shall be distributed as a single price pool to those whose
selection finished first in the greatest number of Pick (n) contests for that
performance. Such distribution shall include the portion ordinarily retained
for the Pick (n) carryover but not the carryover from previous
performances.
(vii) The Pick (n)
carryover may be capped at a designated level approved by the Commission so
that if, at the close of a performance, the amount in the Pick (n) carryover
equals or exceeds the designated cap, the Pick (n) carryover will be frozen
until it is won or distributed under other provisions of this rule. After the
Pick (n) carryover is frozen, 100 percent of the net pool, part of which
ordinarily would be added to the Pick (n) carryover, shall be distributed to
those whose selection finished first in the greatest number of Pick (n)
contests for that performance.
(viii) A written request for permission to
distribute the 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.
(ix) Should
the Pick (n) carryover be designated for distribution on a specified date and
performance in which there are no wagers selecting the first-place finisher in
each of the Pick (n) contests, the entire pool shall be distributed as a single
price pool to those whose selection finished first in the greatest number of
Pick (n) contests. The Pick (n) carryover shall be designated for distribution
on a specified date and performance only under the following circumstances:
(A) Upon written approval from the Commission
as provided in subsection viii of this rule.
(B) On the closing performance of the meet or
split meet.
(x) If, for
any reason, the Pick (n) carryover must be held over to the corresponding Pick
(n) pool of subsequent meet, the carryover shall be deposited in an
interest-bearing account approved by the Commission. The Pick (n) carryover
plus accrued interest shall then be added to the net Pick (n) pool of the
following meet on a date and performance so designated by the
Commission.
(xi) With the written
approval of the Commission, the Permittee may contribute to the Pick (n)
carryover a sum of money up to the amount of any designated cap.
(xii) 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 pari-mutuel department employees for processing of pool data.
(xiii) The Permittee may suspend, for a
specific performance, 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. A Permittee may request approval of a Pick (n)
wager or separate wagering pool for specific performances or events.
PICK & POOL
Multiple Takeout Rates &
Multiple Betting Sources |
(Net Price Calculation) |
Percent Takeout | Gross Pool | Gross
Amt. Bet on Win | Net Pool | Net Amt. Bet on Win |
Source 1: |
16% | $190,000.00 | $44.00 |
$159,600.00 | $36.96 |
Source 2: |
18.5% | $10,000.00 | $18.00 |
$8,150.00 | $14.67 |
Source 3: |
21% | $525,730.00 | $124.00 |
$415,326.70 | $97.96 |
TOTALS: |
$725,730.00 | $186.00 | $583,076.70
| $149.59 |
Total Profit: |
Total Net Pool - Total Net Bet on the Winning
Combination = | $582,927.11 |
Profit Per Dollar: |
Total Profit/Total Net Bet on the Winning Combination
= | $3,896.8321 |
$1 Unbroken Base Price: Profit Per Dollar + $1 =
| $3,897.8321 |
$1 Unbroken Price for Source 1: $1 Unbroken Base Price
x (1 - Percent Takeout) = | $3,274.1789 |
$1 Unbroken Price for Source 2: $1 Unbroken Base Price
x (1 - Percent Takeout) = | $3,176.7331 |
$1 Unbroken Price for Source 3: $1 Unbroken Base Price
x (1 - Percent Takeout) = | $3,079.2873 |
(h) Quinella Pools
(i) The Quinella requires selection of the
first two finishers, irrespective of order, for a single contest.
(ii) The net Quinella pool shall be
distributed to winning wagers in the following precedence, based upon the
official order of finish:
(A) If contestants
of a coupled entry or mutuel field finish as the first two finishers, as a
single price pool to those selecting the coupled entry or mutuel field combined
with the next separate betting interest in the official order of finish;
otherwise
(B) As a single price
pool to those whose combination finished as the first two betting interests;
but if there are no such wagers, then
(C) As a profit split to those whose
combination included either the first- or second-place finisher; but if there
are no such wagers on one of those two finishers, then
(D) As a single price pool to those whose
combination included the one covered betting interest included within the first
two finishers; but if there are no such wagers, then
(E) The entire pool shall be refunded on
Quinella wagers for that contest.
(iii) If there is a dead heat for first
involving:
(A) Contestants representing the
same betting interest, the Quinella pool shall be distributed to those
selecting the couple entry or mutuel field combined with the next separate
betting interest in the official order of finish.
(B) Contestants representing two betting
interests, the Quinella pool shall be distributed as if no dead heat
occurred.
(C) Contestants
representing three or more betting interest, the Quinella pool shall be
distributed as a profit split.
(iv) If there is a dead heat for second
involving contestants representing the same betting interest, the Quinella pool
shall be distributed as if no dead heat occurred.
(v) If there is a dead heat for second
involving contestants representing two or more betting interests, the Quinella
pool shall be distributed to wagers in the following precedence, based upon the
official order of finish:
(A) As a profit
split to those combining the winner with any of the betting interest involved
in the dead heat for second; but if there is only one covered combination,
then
(B) As a single price pool to
those combining the winner with the one covered betting interest involved in
the dead heat for second; but if there are no such wagers, then
(C) As a profit split to those combining the
betting interests involved in the dead heat for second; but if there are no
such wagers, then
(D) As a profit
split to those whose combination included the winner and any other betting
interest and wagers selecting any of the betting interest involved in the dead
heat for second; but if there are no such wagers, then
(E) The entire pool shall be refunded on
Quinella wagers for that contest.
(i) Quinella Double Pools
(i) The Quinella Double requires selection of
the first two finishers, irrespective of order, in each of two specified
contests.
(ii) The net Quinella
Double pool shall be distributed to winning wagers in the following precedence,
based upon the official order of finish:
(A)
If a coupled entry or mutuel field finishes as the first two contestants in
either contest, as a single price pool to those selecting the coupled entry or
mutuel field combined with the next separate betting interest in the official
order of finish for that contest, as well as the first two finishers in the
alternate Quinella Double contest; otherwise
(B) As a single pool to those who selected
the first two finishers in each of the two Quinella Double contests; but if
there are no such wagers, then
(C)
As a profit split to those who selected the first two finishers in either of
the two Quinella Double contests; but if there are no such wagers on one of
those contests, then
(D) As a
single price pool to those who selected the first two finishers in the one
covered Quinella Double contest; but if there were no such wagers,
then
(E) The entire pool shall be
refunded on Quinella Double wagers for those contests.
(iii) If there is a dead heat for first in
either of the two Quinella Double contests involving:
(A) Contestants representing the same betting
interest, the Quinella Double pool shall be distributed to those selecting the
coupled entry or mutuel field combined with the next separate betting interest
in the official order of finish for that contest.
(B) Contestants representing two betting
interests, the Quinella Double pool shall be distributed as if no dead heat
occurred.
(C) Contestants
representing three or more betting interests, the Quinella Double pool shall be
distributed as a profit split.
(iv) If there is a dead heat for second
either of the Quinella Double contest involving contestants representing the
same betting interests, the Quinella Double pool shall be distributed as profit
split.
(v) Should a betting
interest in the first-half of the Quinella Double be scratched prior to the
first Quinella Double contest being declared official, all money wagered on
combinations including the scratched betting interest shall be deducted from
the Quinella Double pool and refunded.
(vi) Should a betting interest in the
second-half of the Quinella Double be scratched prior to the close of wagering
on the first Quinella Double contest, all money wagered on combinations
including the scratched betting interest shall be deducted from the Quinella
Double pool and refunded.
(vii)
Should a betting interest in the second-half of the Quinella Double be
scratched after the close of wagering on the first Quinella Double contest, all
wagers combining the winning combination in the first contest with a
combination including the scratched betting interest in the second contest
shall be allocated a consolation payoff. In calculating the consolation payoff
the net Quinella Double pool shall be divided by the total amount wagered on
the winning combination in the first contest and an unbroken consolation price
obtained. The unbroken consolation price is multiplied by the dollar value of
wagers on the winning combination in the first contest combined with a
combination including the scratched betting interest in the second contest to
obtain the consolation payoff. Breakage is not utilized in this calculation.
The consolation payoff is deducted from the net Quinella Double pool before
calculation and distribution of the winning Quinella Double payoff. In the
event of a dead heat involving separate betting interests, the net Quinella
Double pool shall be distributed as a profit split.
(viii) If either of the Quinella Double
contests is cancelled prior to the first Quinella Double contest, or the first
Quinella Double contest is declared "no contest", the entire Quinella Double
pool shall be refunded on quinella Double wagers for those contests.
(ix) If the second Quinella Double contest is
cancelled or declared "no contest" after the conclusion of the first Quinella
Double contest, the net Quinella Double pool shall be distributed as a single
price pool to wagers selecting the winning combination in the first Quinella
Double contest. If there are no wagers selecting the winning combination in the
first Quinella Double contest, the entire Quinella Double pool shall be
refunded on Quinella Double wagers for those contests.
(j) Exacta Pools
(i) The Exacta requires selection of the
first two finishers, in their exact order, for a single contest.
(ii) The net Exacta pool shall be distributed
to winning wagers in the following precedence, based upon the official order of
finish:
(A) If contestants of a coupled entry
or mutuel field finish as the first two finishers, as a single price pool to
those selecting the coupled entry or mutuel field combined with the next
separate betting interest in the official order of finish; otherwise
(B) As a single price pool to those whose
combination finished in correct sequence as the first two betting interest; but
if there are no such wagers, then
(C) As a profit split to those whose
combination included either the first-place betting interest to finish first or
the second-place betting interest to finish second; but if there are no such
wagers on one of those two finishers, then
(D) As a single price pool to those whose
combination included the one covered betting interest to finish first or second
in the correct sequence; but if there are no such wagers, then
(E) The entire pool shall be refunded on
Exacta wagers for that contest.
(iii) If there is a dead heat for first
involving:
(A) Contestants representing the
same betting interest, the Exacta pool shall be distributed as single price
pool to those selecting the coupled entry or mutuel field combined with the
next separate betting interest in the official order of finish.
(B) Contestants representing two or more
betting interests, the Exacta pool shall be distributed as a profit
split.
(iv) If there is a
dead heat for second involving contestants representing the same betting
interest, the Exacta pool shall be distributed as if no dead heat
occurred.
(v) If there is a dead
heat for second involving contestants representing two or more betting
interests, the Exacta pool shall be distributed to ticket holders in the
following precedence, based upon the official order of finish:
(A) As a profit split to those combining the
first-place betting interest with any of the betting interest involved in the
dead heat for second; but if there is only one covered combination,
then
(B) As a single price pool to
those combining the first-place betting interest with the one covered betting
interest involved in the dead heat for second; but if there are no such wagers,
then
(C) As a profit split to those
wagers correctly selecting the winner for first-place and those wagers
selecting any of the dead-heated betting interests for second-place; but if
there are no such wagers, then
(D)
The entire pool shall be refunded on Exacta wagers for that contest.
(k) Trifecta Pools
(i) The Trifecta requires selection of the
first three finishers, in their exact order, for a single contest.
(ii) The net Trifecta pool shall be
distributed to winning wagers in the following precedence, based upon the
official order of finish:
(A) As a single
price pool to those whose combination finished in correct sequence as the first
three betting interests; but if there are no such wagers, then
(B) As a single price pool to those whose
combination included, in correct sequence, the first two betting interests; but
if there are no such wagers, then
(C) As a single price pool to those whose
combination correctly selected the first-place betting interest only; but if
there are no such wagers, then
(D)
The entire pool shall be refunded on Trifecta wagers for that
contest.
(iii) If less
than three betting interests finish and the contest is declared official,
payoffs will be made based upon the order of finish of those betting interests
completing the contest. The balance of any selection beyond the number of
betting interests completing the contest shall be ignored.
(iv) If there is a dead heat for first
involving:
(A) Contestants representing three
or more betting interests, all of the wagering combinations selecting three
betting interests which correspond with any of the betting interests involved
in the dead heat shall share in a profit split.
(B) Contestants representing two betting
interests, both of the wagering combinations selecting the two dead-heated
betting interests, irrespective of order, along with the third-place betting
interest shall share in a profit split.
(v) If there is a dead heat for second, all
of the combinations correctly selecting the winner combined with any of the
betting interests involved in the dead heat for second shall share in a profit
split.
(vi) If there is a dead heat
for third, all wagering combinations correctly selecting the first two
finishers, in correct sequence, along with any of the betting interests
involved in the dead heat for third shall share in a profit split.
(l) Superfecta Pools
(i) The Superfecta requires selection of the
first four finishers, in their exact order, for a single contest.
(ii) The net Superfecta pool shall be
distributed to winning wagers in the following precedence, based upon the
official order of finish:
(A) As a single
price pool to those whose combination finished in correct sequence as the first
four betting interests; but if there are no such wagers, then
(B) As a single price pool to those whose
combination included, in correct sequence, the first three betting interests;
but if there are no such wagers, then
(C) As a single price pool to those whose
combination included, in correct sequence, the first two betting interests; but
if there are no such wagers, then
(D) As a single price pool to those whose
combination correctly selected the first-place betting interest only; but if
there are no such wagers, then
(E)
The entire pool shall be refunded on Superfecta wagers for that
contest.
(iii) If less
than four betting interests finish and the contest is declared official,
payoffs will be made based upon the order of finish of those betting interests
completing the contest. The balance of any selection beyond the number of
betting interests completing the contest shall be ignored.
(iv) If there is a dead heat for first
involving:
(A) Contestants representing four
or more betting interests, all of the wagering combinations selecting four
betting interests which correspond with any of the betting interests involved
in the dead heat shall share in a profit split.
(B) Contestants representing three betting
interests, all of the wagering combinations selecting the three dead-heated
betting interests, irrespective of order, along with the fourth-place betting
interest shall share in a profit split.
(C) Contestants representing two betting
interests, both of the wagering combinations selecting the two dead-heated
betting interests, irrespective of order, along with the third-place and
fourth-place betting interests shall share in a profit split.
(v) If there is a dead heat for
second involving:
(A) Contestants representing
three or more betting interests, all of the wagering combinations correctly
selecting the winner combined with any of the three betting interests involved
in the dead heat for second shall share in a profit split.
(B) Contestants representing two betting
interests, all of the wagering combinations correctly selecting the winner, the
two dead-heated betting interests, irrespective of order, and the fourth-place
betting interest shall share in a profit split.
(vi) If there is a dead heat for third, all
wagering combinations correctly selecting the first two finishers, in correct
sequence, along with any two of the betting interests involved in the dead heat
for third shall share in a profit split.
(vii) If there is a dead heat for fourth, all
wagering combinations correctly selecting the first three finishers, in correct
sequence, along with any of the betting interests involved in the dead heat for
fourth shall share in a profit split.
(viii) Coupled entries and mutuel fields
shall be prohibited in Superfecta contests.
(m) Twin Quinella Pools
(i) The Twin Quinella requires selection of
the first two finishers, irrespective of order, in each of two designated
contests. Each winning ticket for the first Twin Quinella contest must be
exchanged for a free ticket on the second Twin Quinella contest in order to
remain eligible for the second-half Twin Quinella pool. Such tickets may be
exchanged only at attended ticket windows prior to the second Twin Quinella
contest. There will be no monetary reward for winning the first Twin Quinella
contest. Both of the designated Twin Quinella contests shall be included in
only one Twin Quinella pool.
(ii)
In the first Twin Quinella contest only, winning wagers shall be determined
using the following precedence, based upon the official order of finish for the
first Twin Quinella contest:
(A) If a coupled
entry or mutuel field finishes as the first two finishers, those who selected
the coupled entry or mutuel field combined with the next separate betting
interest in the official order of finish shall be winners; otherwise,
(B) Those whose combination finished as the
first two betting interests shall be winners; but if there are no such wagers,
then
(C) Those whose combination
included either the first- or second-place finisher shall be winners; but if
there are no such wager on one of those two finishers, then
(D) The entire pool shall be refunded on Twin
Quinella wagers for that contest.
(iii) In the first Twin Quinella contest
only, if there is a dead heat for first involving:
(A) Contestants representing the same betting
interest, those who selected the coupled entry or mutuel field combined with
the next separate betting interest in the official order of finish shall be
winners.
(B) Contestants
representing two betting interests, the winning Twin Quinella wagers shall be
determined as if no dead heat occurred.
(C) Contestants representing three or more
betting interests, those whose combination included any two of the betting
interests finishing in the dead heat shall be winners.
(iv) In the first Twin Quinella contest only,
if there is a dead heat for second involving:
(A) Contestants representing the same betting
interest, those who selected the first-place finisher combined with the coupled
entry or mutuel field in second-place shall be winners.
(B) Contestants representing two or more
betting interests, those who combined the first-place finisher with any of the
betting interest involved in the dead for second shall be winners.
(v) In the second Twin Quinella
contest only, the entire net Twin Quinella pool shall be distributed to winning
wagers in the following precedence, based upon the official order of finish for
the second Twin Quinella contest:
(A) If a
coupled entry or mutuel field finishes as the first two finishers, as a single
price pool to those who selected the coupled entry or mutuel field combined
with the next separate betting interest in the official order of finish;
otherwise
(B) As a single price
pool to those whose combination finished as the first two betting interests;
but if there are no such wagers, then
(C) As a profit split to those whose
combination included either the first- or second-place finisher; but if there
are no such wagers on one of those two finishers, then
(D) As a single price pool to those whose
combination included the one covered betting interest included within the first
two finishers; but if there are no such wagers, then
(E) In accordance with subsection (ii) of the
Twin Quinella rules.
(vi)
In the second Twin Quinella contest only, if there is a dead heat for first
involving:
(A) Contestants representing the
same betting interest, the net Twin Quinella pool shall be distributed to those
selecting the coupled entry or mutuel field combined with the next separate
betting interest in the official order of finish.
(B) Contestants representing two betting
interests, the net Twin Quinella pool shall be distributed as if no dead heat
occurred.
(C) Contestants
representing three or more betting interests, the net Twin Quinella pool shall
be distributed as profit split to those whose combination included any two of
the betting interests finishing in the dead heat.
(vii) In the second Twin Quinella contest
only, if there is a dead heat for second involving:
(A) Contestants representing the same betting
interest, the net Twin Quinella pool shall be distributed as if no dead heat
occurred.
(B) Contestants
representing two or more betting interests, the net Twin Quinella pool shall be
distributed as a profit split to those who combined the first-place finisher
with any of the betting interests involved in the dead heat for
second.
(viii) If a
winning ticket for the first-half of the Twin Quinella is not presented for
exchange prior to the close of betting on the second-half Twin Quinella
contest, the ticket holder forfeits all rights to any distribution of the Twin
Quinella pool resulting from the outcome of the second contest.
(ix) Should a betting interest in the
first-half of the Twin Quinella be scratched, those Twin Quinella wagers
including the scratched betting interest shall be refunded.
(x) Should a betting interest in the
second-half of the Twin Quinella be scratched, an announcement concerning the
scratch shall be made and a reasonable amount of time shall be provided for
exchange of tickets that include the scratched betting interest. If tickets
have not been exchanged prior to the close of betting for the second Twin
Quinella contest, the ticket holder forfeits all rights to the Twin Quinella
pool.
(xi) If either of the Twin
Quinella contests is cancelled prior to the first Twin Quinella contest, or he
first Twin Quinella contest is declared "no contest", the entire Twin Quinella
pool shall be refunded on Twin Quinella wagers for that contest.
(xii) If the second-half Twin Quinella
contest is cancelled or declared "no contest" after the conclusion of the first
Twin Quinella contest, the net Twin Quinella pool shall be distributed as a
single price pool to wagers selecting the winning combination in the first Twin
Quinella contest and all valid exchange tickets. If there are no such wagers,
the net Twin Quinella pool shall be distributed as described in subsection (ii)
of the Twin Quinella rules.
(n) Twin Trifecta Pools
(i) The Twin Trifecta requires selection of
the first three finishers, in their exact order, in each of two designated
contests. Each winning ticket for the first Twin Trifecta contest must be
exchanged for a free ticket on the second Twin Trifecta contest in order to
remain eligible for the second-half Twin Trifecta pool. Such tickets may be
exchanged only at attended ticket windows prior to the second Twin Trifecta
contest. Winning first-half Twin Trifecta wagers will receive both an exchange
and a monetary payoff. Both of the designated Twin Trifecta contests shall be
included in only one Twin Trifecta pool.
(ii) After wagering closes for the first-half
of the Twin Trifecta and commissions have been deducted from the pool, the net
pool shall then be divided into separate pools: the first-half Twin Trifecta
pool and the second-half Twin Trifecta pool.
(iii) In the first Twin Trifecta contest
only, winning wagers shall be determined using the following precedence, based
upon the official order of finish for the first Twin Trifecta contest:
(A) As a single price pool to those whose
combination finished in correct sequence as the first three betting interests;
but if there are no such wagers, then
(B) As a single price pool to those whose
combination included, in correct sequence, the first two betting interests; but
if there are no such wagers, then
(C) As a single price pool to those whose
combination correctly selected the first-place betting interest only; but if
there are no such wagers, then
(D)
The entire Twin Trifecta pool shall be refunded on Twin Trifecta wagers for
that contests and the second-half shall be cancelled.
(iv) If no first-half Twin Trifecta ticket
selects the first three finishers of that contest in exact order, winning
ticket holders shall not receive any exchange tickets for the second-half Twin
Trifecta pool. In such case, the second-half Twin Trifecta pool shall be
retained and added to any existing Twin Trifecta carryover pool.
(v) Winning tickets from the first-half of
the Twin Trifecta shall be exchanged for tickets selecting the first three
finishers of the second-half of the Twin Trifecta. The second-half Twin
Trifecta pool shall be distributed to winning wagers in the following
precedence, based upon the official order of finish for the second Twin
Trifecta contest:
(A) As a single price pool,
including any existing carryover monies, to those whose combination finished in
correct sequence as the first three betting interests; but if there are no such
tickets, then
(B) The entire
second-half Twin Trifecta pool for that contest shall be added to any existing
carryover monies and retained for the corresponding second-half Twin Trifecta
pool of the next consecutive performance.
(vi) If a winning first-half Twin Trifecta
ticket is not presented for cashing and exchange prior to the second-half Twin
Trifecta contest, the ticket holder may still collect the monetary value
associated with the first-half Twin Trifecta pool but forfeits all rights to
any distribution of the second-half Twin Trifecta pool.
(vii) Should a betting interest in the
first-half of the Twin Trifecta be scratched, those Twin Trifecta wagers
including the scratched betting interest shall be refunded.
(viii) Should a betting interest in the
second-half of the Twin Trifecta be scratched, an announcement concerning the
scratch shall be made and a reasonable amount of time shall be provided for
exchange of tickets that include the scratched betting interest. If tickets
have not been exchanged prior to the close of betting for the second Twin
Trifecta contest, the ticket holder forfeits all rights to the second-half Twin
Trifecta pool.
(ix) If, due to a
late scratch, the number of betting interests in the second-half of the Twin
Trifecta is reduced to fewer than the minimum, all exchange tickets and
outstanding first-half winning tickets shall be entitled to the second-half
Twin Trifecta pool for the contest as a single price pool, but not the Twin
Trifecta carryover.
(xi) If there
is a dead heat or multiple dead heats in either the first- or second-half of
the Twin Trifecta, all Twin Trifecta wagers selecting the correct order of
finish, counting a betting interest involved in a dead heat as finishing in any
dead-heated position, shall be a winner. In the case of a dead heat occurring
in:
(A) The first-half of the Twin Trifecta,
the payoff shall be calculated as a profit split.
(B) The second-half of the Twin Trifecta, the
payoff shall be calculated as a single price pool.
(xii) If either of the Twin Trifecta contests
are cancelled prior to the first Twin Trifecta contest is declared "no
contest", the entire Twin Trifecta pool shall be refunded on Twin Trifecta
wagers for that contest and the second-half shall be cancelled.
(xiii) If the second-half Twin Trifecta
contest is cancelled or declared "no contest", all exchange tickets and
outstanding first-half winning Twin Trifecta tickets shall be entitled to the
net Twin Trifecta pool for that contest as a single price pool, but not Twin
Trifecta carryover. If there are no such tickets, the net Twin Trifecta pool
shall be distributed as described in subsection (iii) of the Twin Trifecta
rules.
(xiv) The Twin Trifecta
carryover may be capped at a designated level approval by the Commission so
that if, at the close of any performance, the amount in the Twin Trifecta
carryover equals or exceeds the designated cap, the Twin Trifecta carryover
will be frozen until it is won or distributed under other provisions of this
rule. After the Twin Trifecta carryover is frozen, 100 percent of the net Twin
Trifecta pool for each individual contest shall be distributed to winners of
the first-half of the Twin Trifecta pool.
(xv) A written request for permission to
distribute the Twin Trifecta 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.
(xvi) Should the Twin Trifecta carryover be
designated for distribution on a specified date and performance, the following
precedence will be followed in determining winning tickets for the second-half
of the Twin Trifecta after completion of the first-half of the Twin Trifecta:
(A) As a single price pool to those whose
combination finished in correct sequence as the first three betting interests;
but if there are no such wagers, then
(B) As a single price pool to those whose
combination included, in correct sequence, the first two betting interests; but
if there are no such wagers, then
(C) As a single price pool to those whose
combination correctly selected the first-place betting interest only; but if
there are no such wagers, then
(D)
As a single price pool to holders of valid exchange tickets.
(E) As a single price pool to holders of
outstanding first-half winning tickets.
(xvii) Contrary to subsection (iv) of the
Twin Trifecta rules, during a performance designated to distribute the Twin
Trifecta carryover, exchange tickets will be issued for those combinations
selecting the greatest number of betting interests in their correct order of
finish for the first-half of the Twin Trifecta. If there are no wagers
correctly selecting the first-, second-, and third-place finishers, in their
exact order, then exchange tickets shall be issued for combinations correctly
selecting the first- and second-place betting interests. If there are no wagers
correctly selecting the first- and second-place finishers, in their exact
order, then exchange tickets shall be issued for combinations correctly
selecting the first-place betting interest only. If there are no wagers
selecting the first-place betting interest only in the first-half of the Twin
Trifecta, all first-half tickets will become winners and will receive 100
percent of that day's net Twin Trifecta pool and any existing Twin Trifecta
carryover as a single price pool.
(xviii) The Twin Trifecta carryover shall be
designated for distribution on a specified date and performance only under the
following circumstances:
(A) Upon written
approval from the Commission as provided in subsection (xv) of the Twin
Trifecta rules.
(B) Upon written
approval from the Commission when there is a change in the carryover cap or
when the Twin Trifecta is discontinued.
(C) On the closing performance of the meet or
split meet.
(xix) If, for
any reason, the Twin Trifecta carryover must be held over to the corresponding
Twin Trifecta pool of a subsequent meet, the carryover shall be deposited in an
interest-bearing account approved by the Commission. The Twin Trifecta
carryover plus accrued interest shall then be added to the second-half Twin
Trifecta pool of the following meet on a date and performance so designated by
the Commission.
(xx) Providing
information to any person regarding covered combinations amounts wagered on
specific combinations or number of tickets sold is prohibited. This shall not
prohibit necessary communication between totalisator and pari-mutuel department
employees for processing of pool data.
(xxi) The Permittee must obtain written
approval from the Commission concerning the scheduling of Twin Trifecta
contests, the percentages of the net pool added to the first-half pool and
second-half pool, and the amount of any cap to be set on the carryover. Any
changes to the approved Twin Trifecta format require prior approval from the
Commission.
(o)
Tri-Superfecta Pools
(i) The Tri-Superfecta
requires selection of the first three finishers, in their exact order, in the
first of two designated contests and the first four finishers, in exact order,
in the second of the two designated contests. Each winning ticket for the first
Tri-Superfecta contest must be exchanged for a free ticket on the second
Tri-Superfecta contest in order to remain eligible for the second-half
Tri-Superfecta pool. Such tickets may be exchanged only at attended ticket
windows prior to the second Tri-Superfecta contest. Winning first-half
Tri-Superfecta tickets will receive both an exchange and a monetary payoff.
Both of the designated Tri-Superfecta contests shall be included in only one
Tri-Superfecta pool.
(ii) After
wagering closes for the first-half of the Tri-Superfecta and commissions have
been deducted from the pool, the net pool shall then be divided into two
separate pools: the first-half Tri-Superfecta pool and the second-half
Tri-Superfecta pool.
(iii) In the
first Tri-Superfecta contest only, winning tickets shall be determined using
the following precedence, based upon the official order of finish for the first
Tri-Superfecta contest:
(A) As a single price
pool to those whose combination finished in correct sequence as the first three
betting interests; but if there are no such wagers, then
(B) As a single price pool to those whose
combination included, in correct sequence, the first two betting interests; but
if there are no such wagers, then
(C) As a single price pool to those whose
combination correctly selected the first-place betting interest only; but if
there are no such wagers, then
(D)
The entire Tri-Superfecta pool shall be refunded on Tri-Superfecta wagers for
that contest and the second-half shall be cancelled.
(iv) If no first-half Tri-Superfecta ticket
selects the first three finishers of that contest in exact order, winning
ticket holders shall not receive any exchange tickets for the second-half
Tri-Superfecta pool. In such case, the second-half Tri-Superfecta pool shall be
retained and added to any existing Tri-Superfecta carryover pool.
(v) Winning tickets from the first-half of
the Tri-Superfecta shall be exchanged for tickets selecting the first four
finishers of the second-half of the Tri-Superfecta. The second-half
Tri-Superfecta pool shall be distributed to winning wagers in the following
precedence, based upon the official order of finish for the second
Tri-Superfecta contest:
(A) As a single price
pool, including any existing carryover monies, to those whose combination
finished in correct sequence as the first four betting interests; but if there
are no such tickets, then
(B) The
entire second-half Tri-Superfecta pool for that contest shall be added to any
existing carryover monies and retained for the corresponding second-half
Tri-Superfecta pool of the next performance.
(vi) If a winning first-half Tri-Superfecta
ticket is not presented for cashing and exchange prior to the second-half
Tri-Superfecta contest, the ticket holder may still collect the monetary value
associated with the first-half Tri-Superfecta pool but forfeits all rights to
any distribution of the second-half Tri-Superfecta pool.
(vii) Coupled entries and mutuel fields shall
be prohibited in Tri-Superfecta contests.
(viii) Should a betting interest in the
first-half of the Tri-Superfecta be scratched, those Tri-Superfecta tickets
including the scratched betting interest shall be refunded.
(ix) Should a betting interest in the
second-half of the Tri-Superfecta be scratched, an announcement concerning the
scratch shall be made and a reasonable amount of time shall be provided for
exchange of tickets that include the scratched betting interest. If tickets
have not been exchanged prior to the close of betting for the second
Tri-Superfecta contest, the ticket holder forfeits all rights to the
second-half Tri-Superfecta pool.
(x) If, due to a late scratch, the number of
betting interests in the second-half of the Tri-Superfecta is reduced to fewer
than the minimum, all exchange tickets and outstanding first-half winning
tickets shall be entitled to the second-half Tri-Superfecta pool for that
contest as a single price pool, but not the Tri-Superfecta carryover.
(xi) If there is a dead heat or multiple dead
heats in either the first- or second-half of the Tri-Superfecta, all
Tri-Superfecta tickets selecting the correct order of finish, counting a
betting interest involved in a dead heat as finishing in any dead-heated
position, shall be a winner. In the case of a dead heat occurring in:
(A) The first-half of the Tri-Superfecta, the
payoff shall be calculated as a profit split.
(B) The second-half of the Tri-Superfecta,
the payoff shall be calculated as a single price pool.
(xii) If either of the Tri-Superfecta
contests are cancelled prior to the first Tri-Superfecta contest, or the first
Tri-Superfecta contest is declared "no contest", the entire Tri-Superfecta pool
shall be refunded on Tri-Superfecta wagers for that contest and the second-half
shall be cancelled.
(xiii) If the
second-half Tri-Superfecta contest is cancelled or declared "no contest", all
exchange tickets and outstanding first-half winning Tri-Superfecta tickets
shall be entitled to the net Tri-Superfecta pool for that contest as a single
price pool, but not the Tri-Superfecta carryover. If there are no such tickets,
the net Tri-Superfecta pool shall be distributed as described in subsection
(iii) of the Tri-Superfecta rules.
(xiv) The Tri-Superfecta 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 Tri-Superfecta carryover equals or
exceeds the designated cap, the Tri-Superfecta carryover will be frozen until
it is won or distributed under other provisions of this rule. After the
second-half Tri-Superfecta carryover is frozen, 100 percent of the net
Tri-Superfecta pool for each individual contest shall be distributed to winners
of the first-half of the Tri-Superfecta pool.
(xv) A written request for permission to
distribute the Tri-Superfecta as a 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.
(xvi) Should the Tri-Superfecta carryover be
designated for distribution on a specified date and performance, the following
precedence will be followed in determining winning tickets for the second-half
of the Tri-Superfecta after completion of the first-half of the Tri-Superfecta:
(A) As a single price pool to those whose
combination finished in correct sequence as the first four betting interests;
but if there are no such wagers, then
(B) As a single price pool to those whose
combination included, in correct sequence, the first three betting interests;
but if there are no such wagers, then
(C) As a single price pool to those whose
combination included, in correct sequence, the first two betting interests; but
if there are no such wagers, then
(D) As a single price pool to holders of
valid exchange tickets.
(E) As a
single price pool to holders of outstanding first-half winning
tickets.
(xvii) Contrary
to subsection (iv) of the Tri-Superfecta rules, during a performance designated
to distribute Tri-Superfecta carryover, exchange tickets will be issued for
those combinations selecting the greatest number of betting interests in their
correct order of finish for the first-half of the Tri-Superfecta. If there are
no wagers correctly selecting the first-, second-, and third-place finishers,
in their exact order, then exchange tickets shall be issued for combinations
correctly selecting the first- and second-place betting interests. If there are
no wagers correctly selecting the first- and second-place finishers, in their
exact order, then exchange tickets shall be issued for combinations correctly
selecting the first-place betting interest only. If there are no such wagers
selecting the first-place betting interest only in the first-half of the
Tri-Superfecta, all first-half tickets will become winners and will receive 100
percent of that day's net Tri-Superfecta pool and any existing Tri-Superfecta
carryover as a single price pool.
(xviii) The Tri-Superfecta carryover shall be
designated for distribution on a specified date and performance only under the
following circumstances:
(A) Upon written
approval from the Commission as provided in subsection (xv) of the
Tri-Superfecta rules.
(B) Upon
written approval from the Commission when there is a change in the carryover
cap or when the Tri-Superfecta is discontinued.
(C) On the closing performance of the meet or
split meet.
(xix) If, for
any reason, the Tri-Superfecta carryover must be held over to the corresponding
Tri-Superfecta pool of a subsequent meet, the carryover shall be deposited in
an interest-bearing account approved by the Commission. The Tri-Superfecta
carryover plus accrued interest shall then be added to the second-half
Tri-Superfecta pool of the following meet on a date and performance so
designated by the Commission.
(xx)
Providing information to any person regarding covered combinations, amounts
wagered on specific combinations or number of tickets sold is prohibited. This
shall not prohibit necessary communication between totalisator and pari-mutuel
department employees for processing of pool data.
(xxi) The Permittee must obtain written
approval from the Commission concerning the scheduling of Tri-Superfecta
contests, the percentages of the net pool added to the first-half pool and
second-half pool, and amount of any cap to be set on the carryover. Any changes
to the approved Tri-Superfecta format require approval from the
Commission.
(p) Twin
Superfecta Pools
(i) The Twin Superfecta
requires selection of the first four finishers, in their exact order, in each
of two designated contests. Each winning ticket for the first Twin Superfecta
contest must be exchanged for a free ticket on the second Twin Superfecta
contest in order to remain eligible for the second-half Twin Superfecta pool.
Such tickets may be exchanged only at attended tickets windows prior to the
second Twin Superfecta contest. Winning first-half Twin Superfecta tickets will
receive both an exchange and a monetary payoff. Both of the designated Twin
Superfecta contests shall be included in only one Twin Superfecta
pool.
(ii) After wagering closes
for the first-half of the Twin Superfecta and commissions have been deducted
from the pool, the net pool shall then be divided into two separate pools: the
first-half Twin Superfecta pool and the second-half Twin Superfecta
pool.
(iii) In the first Twin
Superfecta contest only, winning wagers shall be determined using the following
precedence, based upon the official order of finish for the first Twin
Superfecta contest:
(A) As a single price
pool to those whose combination finished in correct sequence as the first four
betting interests; but if there are no such wagers, then
(B) As a single price pool to those whose
combination included, in correct sequence, the first three betting interests;
but if there are no such wagers, then
(C) As a single price pool to those whose
combination included, in correct sequence, the first two betting interests; but
if there are no such wagers, then
(D) As a single price pool to those whose
combination correctly selected the first-place betting interest only; but if
there are no such wagers, then
(E)
The entire Twin Superfecta pool shall be refunded on Twin Superfecta wagers for
that contest and the second-half shall be cancelled.
(iv) If no first-half Twin Superfecta ticket
selects the first four finishers of that contest in exact order, winning ticket
holders shall not receive any exchange tickets for the second-half Twin
Superfecta pool. In such case, the second-half Twin Superfecta pool shall be
retained and added to any existing Twin Superfecta carryover pool.
(v) Winning tickets from the first-half of
the Twin Superfecta shall be exchanged for tickets selecting the first four
finishers of the second-half of the Twin Superfecta. The second-half Twin
Superfecta pool shall be distributed to winning wagers in the following
precedence, based upon the official order of finish for the second Twin
Superfecta contest:
(A) As a single price
pool, including any existing carryover monies, to those whose combination
finished in correct sequence as the first four betting interests; but if there
are no such tickets, then
(B) The
entire second-half Twin Trifecta pool for that contest shall be added to any
existing carryover monies and retained for the corresponding second-half Twin
Superfecta pool of the next performance.
(vi) If a winning first-half Twin Superfecta
ticket is not presented for cashing and exchange prior to the second-half Twin
Superfecta contest, the ticket holder may still collect the monetary value
associated with the first-half Twin Superfecta pool but forfeits all rights to
any distribution of the second-half Twin Trifecta pool.
(vii) Coupled entries and mutuel fields shall
be prohibited in Twin Superfecta contests.
(viii) Should a betting interest in the
first-half of the Twin Superfecta be scratched, those Twin Superfecta tickets
including the scratched betting interest shall be refunded.
(ix) Should a betting interest in the
second-half of the Twin Superfecta be scratched, an announcement concerning the
scratch shall be made and a reasonable amount of time shall be provided for
exchange of tickets that include the scratched betting interest. If tickets
have not been exchanged prior to the close of betting for the second Twin
Superfecta contest, the ticket holder forfeits all rights to the second-half
Twin Superfecta pool.
(x) If, due
to a late scratch, the number of betting interests in the second-half of the
Twin Superfecta is reduced to fewer than the minimum, all exchange tickets and
outstanding first-half winning tickets shall be entitled to the second-half
Twin Superfecta pool for that contest as a single price pool, but not the Twin
Superfecta carryover.
(xi) If there
is a dead heat or multiple dead heats in either the first- or second-half of
the Twin Superfecta, all Twin Superfecta tickets selecting the correct order of
finish, counting a betting interest involved in a dead heat as finishing in any
dead-heated position, shall be a winner. In the case of a dead heat occurring:
(A) The first-half of the Twin Superfecta,
the payoff shall be calculated as a profit split.
(B) The second-half of the Twin Superfecta,
the payoff shall be calculated as a single price pool.
(xii) If either of the Twin Superfecta
contests are cancelled prior to the first Twin Superfecta contest, or the first
Twin Superfecta contest is declared "no contest", the entire Twin Superfecta
pool shall be refunded on Twin Superfecta wagers for that contest and the
second-half shall be cancelled.
(xiii) If the second-half Twin Superfecta
contest is cancelled or declared "no contest", all exchange tickets and
outstanding first-half winning Twin Superfecta tickets shall be entitled to the
net Twin Superfecta pool for that contest as a single price pool, but not the
Twin Superfecta carryover. If there are no such tickets, the net Twin
Superfecta pool shall be distributed as described in subsection
3 of the Twin Superfecta rules.
(xiv) The Twin Superfecta 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 Twin Superfecta carryover equals or
exceeds the designated cap, the Twin Superfecta carryover will be frozen until
it is won or distributed under other provisions of this rule. After the
second-half Twin Superfecta carryover is frozen, 100 percent of the net Twin
Superfecta pool for each individual contest shall be distributed to winners of
the first-half of the Twin Superfecta pool.
(xv) A written request for permission to
distribute the Twin Superfecta 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.
(xvi) Should the Twin Superfecta carryover be
designated for distribution on a specified date and performance, the following
precedence will be followed in determining winning tickets for the second-half
of the Twin Superfecta after completion of the first-half of the Twin
Superfecta:
(A) As a single price pool to
those whose combination finished in correct sequence as the first four betting
interests; but if there are no such wagers, then
(B) As a single price pool to those whose
combination included, in correct sequence, the first three betting interests;
but if there are no such wagers, then
(C) As a single price pool to those whose
combination included, in correct sequence, the first two betting interests; but
if there are no such wagers, then
(D) As a single price pool to those whose
combination correctly selected the first-place betting interest only; but if
there are no such wagers, then
(E)
As a single price pool to holders of valid exchange tickets.
(F) As a single price pool to holders of
outstanding first-half winning tickets.
(xvii) Contrary to subsection (iv) of the
Twin Superfecta rules, during a performance designated to distribute the Twin
Superfecta carryover, exchange tickets will be issued for those combinations
selecting the greatest number of betting interests in their correct order of
finish for the first-half of the Twin Superfecta. If there are no wagers
correctly selecting the first-, second-, third-, and fourth-place finishers, in
their exact order, then exchange tickets shall be issued for combinations
correctly selecting the first-, second-, third-place betting interests. If
there are no wagers correctly selecting the first-, second-, third-place
finishers, in their exact order, then exchange tickets shall be issued for
combinations correctly selecting the first- and second-place betting interests.
If there are no wagers correctly selecting the first- and second-place
finishers, in their exact order, the exchange tickets shall be issued for
combinations correctly selecting the first-place betting interest only. If
there are no wagers selecting the first-place betting interest only in the
first-half of the Twin Superfecta, all first-half tickets will become winners
and will receive 100 percent of that day's net Twin Superfecta pool and any
existing Twin Superfecta carryover as a single price pool.
(xviii) The Twin Superfecta carryover shall
be designated for distribution on a specified date and performance only under
the following circumstances:
(A) Upon written
approval from the Commission as provided in subsection (xv) of the Twin
Superfecta rules.
(B) Upon written
approval from the Commission when there is a change in the carryover cap or
when the Twin Superfecta is discontinued.
(C) On the closing performance of the meet or
split meet.
(xix) If, for
any reason, the Twin Superfecta carryover must be held over to the
corresponding Twin Superfecta pool of a subsequent meet, the carryover shall be
deposited in an interest-bearing account approved by the Commission. The Twin
Superfecta carryover plus accrued interest shall then be added to the
second-half Twin Superfecta pool of the following meet on a date and
performance so designated by the Commission.
(xx) Providing information to any person
regarding covered combinations, amounts wagered on specific combinations,
number of tickets sold, or number of valid exchange tickets is prohibited. This
shall not prohibit necessary communication between totalisator and pari-mutuel
department employees for processing of pool data.
(xxi) The Permittee must obtain written
approval from the Commission concerning the scheduling of Twin Superfecta
contests, the percentages of the net pool added to the first-half pool and
second-half pool, and the amount of any cap to be set on the carryover. Any
changes to the approved Twin Superfecta format require prior approval from the
Commission.