The following words and terms, when used in this subchapter,
shall have the following meanings, unless the context clearly indicates
otherwise:
"Multi-pool traditional wagering" means the form of
parimutuel wagering traditionally associated with horse race wagering in this
State, as authorized by this chapter, and the varieties of wagers authorized
for such wagering, including, but not limited to, trifecta, exacta, win, place,
and show.
"Odds calculation engine" means a computer and its related
hardware and software components, which, upon prior approval of the Racing
Commission, may interface with the totalisator to receive wagering data from
the totalisator, to perform single-pool wagering odds calculations, to
calculate payoffs for winning single-pool wagering tickets, and after
performing these functions, to then return the single-pool wagering odds
calculation information to the totalisator. An odds calculation engine may be
part of the totalisator or integrated within the totalisator, or it may be a
separate component to the totalisator.
"Single-pool wager placement type" means a special form of
wager to be specified by a patron at the time that he or she places a wager on
a single-pool wager variety. Single-pool wager placement types authorized by
this subchapter are a "combination wager," a "multiple race wager," a "limit
wager" an "all-or-none wager," and such additional single-pool wager placement
types that may be approved by the Racing Commission pursuant to
N.J.A.C. 13:70-29A.7.
"Single-pool wager variety" means any wager variety
authorized by this chapter for multi-pool traditional wagering, including, but
not limited to, win, place, show, exacta, trifecta, and superfecta, and such
additional wager varieties that may be authorized for single-pool wagering by
the Racing Commission pursuant to
N.J.A.C. 13:70-29A.7.
"Single-pool wagering" means the form of wagering authorized
by this subchapter where the cumulative proceeds of different single-pool wager
varieties, including, but not limited to, trifecta, exacta, win, place, and
show, on one or more races, are combined to form a single wagering pool, and
following the deduction of the required takeout from the resulting single
wagering pool proceeds, and applying parimutuel properties, the remaining
balance of the proceeds are distributed to those individual winning ticket
holders for the race or races whose cumulative wagers formed the single
wagering pool.
"Single-pool wagering event" means a horse race wagering
event, which, following approval by the Racing Commission of the race or races
to be used to form the event, the single-pool wager placement types to be used
to form the event, and the single-pool wager varieties to be used to form the
event, may be offered for wagering to the public by a single-pool wagering
outlet.
"Single-pool wagering outlet" means the following entities
authorized by the Racing Commission to offer single-pool wagering events: a
racetrack permit holder, an off-track wagering license holder, the account
wagering licensee, and, subject to any required approval of the New Jersey
Casino Control Commission, any Atlantic City casino authorized to participate
in casino simulcasting.
"Single-pool wagering provider" means a person, persons,
association, partnership, organization, or other entity who is the operator of
the odds calculation engine. The single-pool wagering provider may or may not
also be the operator of the totalisator.
"Single wagering pool" means the single wagering pool formed
as a result of a Racing Commission-approved single-pool wagering event.
"Single wagering pool unawarded surplus" means the unawarded
surplus, which might arise in connection with a single-pool wager variety for a
race, which single-pool wager variety and race is part of a Racing
Commission-approved single-pool wagering event. For example, if no wager on a
"place" single-pool wager variety was a winner, a single wagering pool
unawarded surplus would arise because no winning bettor would be available to
collect the portion of the funds, within the single wagering pool, arising from
the inclusion within the pool of wagers placed for that single-pool wagering
"place" variety.
"Totalisator," means a computer situated within the hub
facility, which, among other things, directly or indirectly through one or more
other totalisators receives pari-mutuel wagering information, calculates
payoffs for winning pari-mutuel tickets, generates reports with respect to such
information, and in the event that the transmission of data from a sending or
host track has been interrupted, automatically ceases wagering in accordance
with the internal control procedures of the hub facility. The totalisator, for
purposes of single-pool wagering, interfaces with the odds calculation engine
and receives single-pool odds calculation information from it. The totalisator
may from time-to-time perform certain functions of the odds calculation engine,
including the calculation of single-pool wagering odds calculations in those
circumstances where the odds calculation engine is technologically incapable of
directly supporting the calculation of odds, or in the event of a mechanical
breakdown of the odds calculation engine.
