Or. Admin. Code § 462-220-0055 - Handicapping Contests
An advanced deposit wagering hub licensee may offer handicapping contests to its patrons subject to the requirements of this division and 31 U.S.C. 5361 et seq:
(1) Participants in the handicapping contests
are subject to the same residency and age verification as any other
multi-jurisdictional account.
(2)
Handicapping contest accounts are subject to the same oversight as any other
multi-jurisdictional account including, but not limited to audits, reporting
and technology reviews.
(3) The
contest wager is a separate pari-mutuel pool entry established by the licensee
on a designated number of races. The gross pool consists of the total amount of
entry fees generated by each contest. Prizes are distributed based upon scoring
rules and prize parameters for each contest.
(4) A valid contest entry is evidence of a
binding contract between the holder of the entry and the advance deposit
wagering hub licensee and constitutes an acceptance of entry provisions and
rules contained in this chapter.
(5) An entry may not be retracted within two
hours of post time unless otherwise approved by the commission except in
accordance with previously published rules. A contest entry may be canceled
only with the approval of the licensee.
(6) A licensee may establish a minimum and
maximum number of entries per contest. If the minimum number of entries are not
received, the licensee may cancel and refund all entries in that
contest.
(7) A licensee may limit
the number of entries per wagerer. The maximum entries per wagerer for each
contest must be published in advance of the opening of the contest.
(8) Contest wagers must be conducted as
follows:
(a) Win/place and win/place/show
contest:
(A) Wagerers select one or more
primary betting interests for each designated contest race in accordance with
published contest rules.
(B)
Wagerers may select an alternate betting interest in accordance with published
contest rules. If there is a scratch of the wagerer's primary selection, the
alternate will be substituted. If there is also a scratch of the wagerer's
alternate selection, or if no alternate selection has been made, the selection
will default to the remaining betting interest with the best post time odds as
determined by win pool odds.
(C)
Wagerers accrue earnings based on the actual pari-mutuel win, place, or show
payouts for any correct selections, determined from tote payouts, based on a
Win/place or win/place/show wager of a dollar value established by the licensee
in advance of the contest. The licensee may establish maximum earnings in
advance of the opening of the contest. As an example, for a two-dollar
win/place/show contest, the maximum payout may be forty-two dollars for a
successful win selection, twenty-two dollars for a successful place selection,
and twelve dollars for a successful show selection.
(D) Tie breaker rules shall be approved by
the Oregon Racing Commission and shall be displayed on the handicapping contest
site.
(b) Survivor
contest:
(A) Wagerers select one primary
betting interest for each designated contest race. Wagerers remain in the
contest if the wagerer's betting interest finishes in a win, place, or show
position. A wagerer may remain in a contest if the wagerer's betting interest
finishes in either second or third position where place and/or show wagering
has been canceled by the track if provided by published contest rules. Wagerers
whose betting interest does not finish win, place, or show must be eliminated
from the contest. If no wagerers select a betting interest finishing win, place
or show in a designated contest race, the licensee may continue the contest to
the next race with all then remaining wagerers if provided by published contest
rules.
(B) Wagerers may select an
alternate betting interest. If there is a scratch of the wagerer's primary
selection, the alternate will be substituted. If there is also a scratch of the
wagerer's alternate selection, or if no alternate selection has been made, the
selection will default to the remaining betting interest with the best post
time odds as determined by win pool odds.
(C) Wagerers earn one point per correct
selection of a betting interest finishing in a win, place, or show position as
determined by existence of a pari-mutuel payout for that position.
(D) If the size of the field or other
circumstances produce only win/place or only win payouts, only those horses
will be considered correct selections for the purposes of scoring, unless
specified by published contest rules.
(E) In the discretion of the licensee,
tiebreakers may be applied in survivor contests pursuant to the terms published
in advance of the opening of the contest.
(F) Pari-mutuel distributions are made at the
conclusion of the contests that are based on the pari-mutuel distribution
schedule published by the licensee in advance of the opening of the
contest.
(c) Exacta box
contest:
(A) Wagerers select three primary
betting interests for each designated contest race.
(B) Wagerers may select an alternate betting
interest for each of their three primary selections. If there is a scratch of
the wagerer's primary selection, the alternate will be substituted. If there is
also a scratch of the wagerer's alternate selection, or if no alternate
selection has been made, the selection will default to the remaining betting
interest with the best post time odds as determined by win pool odds.
(C) Wagerers accrue earnings based on the
actual pari-mutuel exacta payout for any correct selections regardless of
order, determined from tote payouts, based on an exacta wager of a dollar value
established by the licensee in advance of the contest. The licensee may
establish maximum contest earnings in advance of the opening of the
contest.
(D) In the discretion of
the licensee, tiebreakers may be applied in exacta box contests pursuant to the
terms published in advance of the opening of the contest.
(E) Pari-mutuel distributions are made at the
conclusion of the contests that are based on the pari-mutuel distribution
schedule published by the licensee in advance of the opening of the
contest.
(9)
A wager on a coupled entry or field is considered a wager on the remaining part
of the coupled entry or field as determined by the rules of the live
corresponding race.
(10) Earnings
or points for dead heats will be determined by the payouts of the live
corresponding race.
(11) The
maximum takeout for the contest entry shall not be greater than 22%. Exceptions
must be approved by the ORC.
(12)
The entire pool must be refunded if less than sixty percent of the contest's
designated races remain.
(13) After
wagering closes on the first race comprising the contest wager, the contest is
deemed closed and no entry ticket may be sold, exchanged, or canceled. No
person shall be determined to hold a winning contest wager ticket until the
last designated race has been declared official.
(14) The licensee shall distribute the net
pool to the holders of valid entries that correctly selected the combination of
finishers that generated the highest earnings or points totals through the
designated races/rounds comprising the contest entry. Approved payout schedules
must be published in advance of the opening of the contest to which they
apply.
(15) Should circumstances
occur which are not addressed by these rules, questions arising thereby must be
resolved in accordance with general pari-mutuel practice. Decisions regarding
distribution of the contest prize pool made by the commission are
final.
(16) Additional formats to
be approved by the racing commission
(17) Format scratches procedures shall be
included in the contest rules.
(18)
Approval process for handicapping contest:
(a)
Live money handicapping contests that do not charge a commission
(A) Terms, conditions and contest rules must
be approved in advance of the contest by the commission.
(b) All other handicapping contest must pass
an ORC audit, which shall include but not be limited to financial operations,
security and information technology.
(19) The Oregon Racing Commission shall
collect a fee each August 1st based on the annual commission earned by the
licensee on handicapping contest conducted during the previous fiscal year
(July 1- June 30).
Under $5,000 - no annual fee
$5000 - $50,000 - Tier 1 = $100.00
$50,000 - $500,000 - Tier 2 = $3,000.00
$500,000 - $3,000,000 - Tier 3 = $5,000.00
$3,000,000 - $6,000,000 - Tier 4 = 7,500.00
$6,000,000 plus Tier 5 = $10,000
Notes
Statutory/Other Authority: ORS 462.727, ORS 462.073 & ORS 462.145
Statutes/Other Implemented: ORS 462.727, ORS 462.073 & ORS 462.145
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