Or. Admin. Code § 462-200-0675 - Best (X) of (Y)
(1) Definitions: X: Position of the finisher.
Example: X=1 is Win, X=2 is Win/Place, X=3 is Win/Place/Show; Y: Subset of the
number of betting interests in a races. Example: Y=6 in a race with 10 runners
would be the first 6 horses to finish.
(2) The Best (X) of (Y) requires the player
to select a betting interest ("interest") that finishes within the first (X)
positions to win. For example, in a Best(1) of (3) pool, the player must select
an interest that finishes in the first position. Or, in a Best(3) of (6), the
player must select an interest that finishes in the top 3.
(3) Betting interests that finish outside of
the top (Y) positions are deemed ineligible, and all wagers on those interests
are refunded. For example, in a Best (2) of (5), any entry that finishes the
race in position 6 or higher is considered ineligible, and all wagers on that
interest, and all others finishing higher than 5, are refunded.
(4) The sum of monies wagered on eligible
betting interests minus takeout constitutes to the net pool.
(5) The amounts wagered on the first (X)
betting interests to finish are deducted from the net pool, the balance
remaining being the profit. The profit is divided into (X) equal portions, one
being assigned to each winning betting interest and divided by the amount
wagered on that betting interest, the resulting quotient is the profit per
dollar ("profit") wagered on that betting interest.
(6) The net pool shall be distributed to
winning wagers in the following precedence, based upon the order of finish:
(a) As a profit split to those whose
selection is included within the first (X) finishers; but if there are no such
wagers; then
(b) As a single price
pool to those who selected the one covered betting interest included within the
first (X) finishers; but if there are no such wagers; then
(c) As a single price pool to those who
selected the first covered betting interest that finished in positions between
(X) and (Y); but if there are no such wagers; then
(d) The entire pool shall be refunded for
that contest.
(7) In the
event of a dead heat in the first (X) finishing positions between contestants
with unique betting interests, the share of the profit assigned to those
betting interests is equal to the sum of the profit assigned to winning
positions encompassed by the dead heat. The share of the profit assigned to
each dead heat position is then split between the unique covered betting
interests in that position. For example, in a Best (3) of (8) contest:
(a) A dead heat for first involving two
betting interests, and a single third-place finisher would be distributed as
though no dead heat had occurred.
(b) A single winning finisher, a single
second place finisher and a dead heat for third involving three betting
interests would result in one third of the profit being distributed to wagers
on the first-place finisher, one third of the profit being distributed to
wagers on the second-place finisher and one sixth of the profit being
distributed to wagers on each of the third-place finishers.
Notes
Statutory/Other Authority: ORS 462.270(3) & ORS 462.270
Statutes/Other Implemented: ORS 462.270(3) & ORS 462.270
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