Fla. Admin. Code Ann. R. 75-7.001 - Definitions
(1) "Admissions
Charge" is the amount required of a patron to enter the permitholder's facility
and grandstand area inclusive of any amount the permitholder has charged as a
condition for admission which is not optional.
(2) "Advance Wagers or Bets" are pari-mutuel
wagers sold during a given performance for future contests within the same
performance period including tickets sold during the early bird
period.
(3) "Bet Cancel Delay" is
the short period of time, after the stop bet command has been activated, during
which a teller may cancel a wager.
(4) "Betting Interest" is a contestant or
group of contestants upon which wagers may be placed.
(5) "Canceled Ticket" is a pari-mutuel ticket
which is invalidated prior to the end of the betting period of the contest for
which purchased.
(6) "Cashed
Tickets" are tickets redeemed after the contest for which they were purchased.
These include winnings and refundable wagers paid.
(7) "Commission" (takeout) is the percentage
of the pari-mutuel pool deducted by the permitholder prior to distribution of
the pool.
(8) "Common Pool" is the
pool at the host track into which wagers taken at guest tracks are
combined.
(9) "Account Betting" is
the method of wagering on-track via an account opened by placing a sum of money
on deposit with the permitholder.
(10) "Contest" is a race or game between
horses, greyhounds, or players for purses, stakes or reward at any licensed
race course or fronton and conducted in the presence of judges or
stewards.
(11) "Corresponding
Trifecta and Superfecta Combination" is either of two trifecta and superfecta
combinations offered in the same performance which are comprised of identical
halves, such as a twin-tri and a twin-tri.
(12) "Coupled Entry" is two or more horses
having the same owner entered to run in the same race. A coupled entry is
considered a single betting interest for purposes of wagering.
(13) "Covered Betting Interest" is a
contestant upon which a wager has been made.
(14) "Credit Voucher" is a totalisator
generated ticket issued in exchange for cash or cash equivalent accepted by a
totalisator terminal for all transactions.
(15) "Entry" is a horse, greyhound, or player
entered to compete in a contest.
(16) "Expired Ticket" is a winning or
refundable pari-mutuel ticket not presented for redemption within 1 year from
the date of the performance for which it was issued.
(17) "Future Wagers" are pari-mutuel tickets
sold during a given performance, including the early bird period, for a future
performance.
(18) "Gross Pool" is
the total sales for a specific type of wager for a specific contest net of
refunds and cancellations.
(19)
"Hub or Hub System" is the intermediary computer system to which the terminals
or totalisator of one or more guest facilities are linked to the
host.
(20) "Interstate" shall mean
from one state to another.
(21)
"Jackpot" is the sum of money formed by the accumulation of previous
contributions to a pool.
(22)
"Major Pool" is the greater portion of a jackpot or a net pool paid to winning
wagers.
(23) "Malfunction" shall
mean any impairment of the totalisator functions or loss in communication
between the host and the guest entities which causes:
(a) A delay or cancellation of
contests,
(b) A delay in the
combining of pools,
(c) A delay of
computations of the payoff prices,
(d) A delay in generating or printing reports
required to audit the pool,
(e) A
delay or exclusion of exchange rights,
(f) Incorrect calculations,
(g) The wagers to be
refunded.
(24) "Manual
Merge" is the accessing of the mutuel pools by totalisator personnel for the
sole purpose of manually adding guest wagering data which was not able to be
combined electronically.
(25)
"Meet" is:
(a) For the purposes of accounting
or taxation, a performance or a series of performances conducted under a single
operating license issued by the division.
(b) For the purpose of determining operating
dates, the conduct of live racing or jai alai for any stake, purse, prize, or
premium.
(26) "Minor
Pool" is the lesser portion of a jackpot or a net pool.
(27) "Minus Pool" is the amount distributable
to winners in a single wagering pool in excess of that net pool.
(28) "Mutuel Field" is two or more
contestants grouped to run as a single betting interest due to limitations of
the totalisator or tote board.
(29)
"Mutuels Ticket" is a ticket issued through a totalisator terminal which
represents the bettor's contribution to a pari-mutuel pool or pools.
(30) "Net Pool" is the gross pool less
commission.
(31) "Net Sales" is the
aggregate value of all pari-mutuel tickets sold net of cancellations.
(32) "On-track" is the designation of wagers
on events occurring at the facility conducting the contests or importing from
out-of-state.
(33) "Outs or Outs
Ticket" is a winning or refundable pari-mutuel ticket which is not
redeemed.
(34) "Outs Account" is
the computer file listing all outstanding pari-mutuel tickets for a particular
meet and permitholder.
(35)
"Outsbook" is the hard copy report of the outs account.
(36) "Payment Voucher" is a hard copy receipt
issued by a totalisator terminal on which redemption of one or more mutuel
tickets is recorded.
(37)
"Permitholder" is any entity that holds a pari-mutuel permit.
(38) "Price" is the broken price which has
been rounded down to the nearest $0.10 and which is the amount awarded to a
winning wager.
(39) "Profit" is the
dividend calculated for the distribution of a pool.
(40) "Profit Split" is the proration of the
profit among winning combinations.
(41) "Primary Guest" is an entity which
receives a broadcast from an out-of-state host, and which contracts other
entities within the state to wager into the primary guest under the intertrack
wagering statutes.
(42) "Refundable
Wager" is a pari-mutuel wager invalidated due to causes beyond the control of
the bettor.
(43) "Remote
Totalisator" is a totalisator system configured so that the function of the
central processing unit is handled by a totalisator system at a separate
off-site location or logically separate on-site.
(44) "Remote Totalisator Server" is a
totalisator system which provides the central processing function for one or
more remote totalisators whether on or off site.
(45) "Satellite or Secondary Guest" is an
entity in Florida which receives the signal directly from a host track but
wagers into a primary guest.
(46)
"Scratch" is the withdrawal of a dog or a horse from a contest.
(47) "Single Price Pool" is the type of price
calculation that produces only one price for the distribution of a
pool.
(48) "Split Meet" shall mean
a meet which has five or more consecutive dark days during the meet, or a meet
wherein more than one distinctly separate section of the meet occurs at
different facilities authorized by the permit which may necessitate separate
outs accounts for the two portions of the meet.
(49) "Starter" is an entry in a contest when
the contest begins.
(50) "Table of
Wagers" is the matrix showing the amount bet on each wagering combination for a
pari-mutuel pool.
(51) "Uncovered
Betting Interest" is a betting interest upon which no wager has been
made.
(52) "Winning Wager" is a
wager which has been awarded a price under the provisions of the pari-mutuel
rules.
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