80-005 Code Vt. R. 80-210-005-X - TWIN TRIFECTA

Rule No.172.4 Twin Trifecta

(a) No Twin Trifecta wagering shall be conducted without permission of the Commission. The races in which the Twin Trifecta pari-mutuel wagering will be permitted shall only be those designated by the Commission and a separate pool shall be established therefor.

(b) The rules for Twin Trifecta shall be noticed to the public as directed by the Commission.

(c) The Twin Trifecta is a form of pari-mutuel wagering in which the bettor selects the three horses or dogs that will finish 1st, 2nd, and 3rd in each of the two designated races in the exact order as officially posted.

(d) Twin Trifecta tickets shall be sold only at Twin Trifecta windows by the licensee and only from automatic double issue machines, unless the commission shall otherwise permit.

(e) Each bettor purchasing Twin Trifecta tickets shall designate his three selections as the first 3 horses or dogs for finish in that order in the first race of the designated two races.

(f) After the wagering closes for the first half of the Twin Trifecta, the commissions will be deducted from the pool in accordance with the laws of the State of Vermont. The remaining pool will then be divided into two separate pools of equal amounts.

(g) The monies in the first part of the divided pool will be distributed to the holders of Twin Trifecta tickets selecting the first three horses or dogs, in order, on the first designated Twin Trifecta race, in accordance with the established pari-mutuel practice.

The term, "First part of divided pool", shall mean one-half of the net distributable pool of the total monies wagered in the Twin Trifecta on the current days program only and, specifically excluded therefrom shall be any carry over of any special cumulative second race Twin Trifecta pool from any previous day's program.

(h) The second part of the divided pool will be placed in a separate pool to be distributed to holders of "second half" Twin Trifecta tickets selecting the first three horses or dogs, in order, on the second designated Twin Trifecta race, in accordance with the established pari-mutuel practice.

(i) In the first half of the Twin Trifecta only, if there is a failure to select, in exact order, the first three horses or dogs, payoffs shall be made on Twin Trifecta tickets selecting in the following order of priority:

(i) The first two horses or dogs in exact order, (if no such ticket is outstanding, then) (ii) The first horse or dog, and any such ticket within the applicable above order of priority shall be deemed a winning ticket. In the event (i) or

(ii) occurs normal payoffs for the first half will be made. However there will be no exchange and the second portion of the divided pool will be carried over to the next performance (iii) Failure to select winner to win, regardless of the selection of the exact order of the second and/or third horse or dog shall cause a refund of all Twin Trifecta tickets.

(j) After the official declaration of the first three horses or dogs to finish in the first race of the Twin Trifecta, each bettor holding a winning ticket must, prior to the running of the second Twin Trifecta race, exchange such winning ticket for both the monetary value established by the mutuels department and a Twin Trifecta exchange ticket at the specified windows and at such time shall select the three horses or dogs to finish in the second race of the Twin Trifecta in exact order as officially posted. No further money shall be required of the holders of the winning ticket in order to make the exchange.

(i) No person shall disclose the number of winning Twin Trifecta tickets eligible for exchange in the second Twin Trifecta race, nor shall any person disclose any information regarding those tickets during the exchange process until the race terminating the Twin Trifecta has been declared official.

(k) No Twin Trifecta exchange ticket upon the second race shall be issued except upon surrender of the Twin Trifecta tickets from the first race as described in these rules. Twin Trifecta windows, for the purpose of cashing and exchanging winner tickets, shall be open for the purpose of making exchange as described only after the first race has been declared official and such windows shall close when wagering closes for the second race of the Twin Trifecta at the start of the second race of the Twin Trifecta races.

(l) If a winning Twin Trifecta ticket from the first race is not presented for cashing and exchange within the time provided, the bettor may still collect the monetary value attached to the ticket but forfeits all rights to any distribution of the second race Twin Trifecta pool.

(m) If a horse or dog is scratched in the first race of the Twin Trifecta races, all Twin Trifecta tickets on the scratched horse or dog will be refunded. If a horse or dog is scratched in the second race of the Twin Trifecta races, public address announcements will be made and reasonable time will be given for exchange of tickets on the scratched horse or dog. IN HARNESS HORSE RACING, for the second race of the Twin Trifecta only, all horses will be considered "official starters" once the field reaches the sixteenth pole prior to the starting point.

(n) In the event of a dead heat or dead heats in either the first or second race of the Twin Trifecta, all Twin Trifecta tickets selecting the correct order of finish, counting a horse or dog in a dead heat as finishing in any position dead heated, shall be winning tickets, and contrary to the usual practice, the aggregate number of winning tickets shall be divided into the net pool and be paid the same pay-off price.

(o) In the event there is no Twin Trifecta ticket issued accurately selecting the officially declared first three finishers of the second Twin Trifecta race, in the exact order, such second race pool, as divided earlier, shall be held for the next consecutive racing day or night and combined with that program's second race Twin Trifecta pool. Distribution of this special cumulative second race Twin Trifecta pool will be made only upon the accurate selection, in the exact order, of the first three officially declared finishers of the second Twin Trifecta race.

(p) If for any reason, the second half of the Twin Trifecta is not declared official, the winning ticket holders who have cashed their tickets of the first half and have received an exchange ticket, will be entitled to the remaining amounts of the current programs divided pool.

(i) In the second half of the Twin Trifecta should any horse or horses be prevented from starting due to a malfunction of the starting gate the race shall be declared not official for Twin Trifecta purposes. The winning ticket holders who have cashed their tickets of the first half and have received an exchange for the second half will be entitled to the remaining amounts of the current programs divided pool.

In the event the accumulated second half of the divided pool shall not be eligible for distribution on the final racing performance of any racing meet, under these rules, then the rule adopted in section (i) hereof for the first half of the Twin Trifecta shall apply to holders of exchange tickets and the accumulated second half pool shall be distributed accordingly, and, if there be no exchange ticket holders qualifying at such final performance, then the accumulated second half pool shall be distributed to the winners of the first half of the Twin Trifecta pool at such final performance in like proportions.

(q) Sales of the Twin Trifecta tickets other than from pari-mutuel machines or from one individual to another shall be deemed illegal and prohibited.

(r) There will be no "coupled entries" or "fields" in the races on which there is Twin Trifecta wagering.

(s) The Twin Trifecta pool shall be held entirely separate from all other pools, and is no part of a daily double, perfecta, trifecta or other wagering pool.

(t) Notwithstanding anything in this rule contained to the contrary the Commission may, at the close of any Twin Trifecta event and prior to the commencement of ticket sales for the next ensuing racing performance, or at any time previous to the commencement of any race meeting, declare a cap or limit on the aggregate amount to be accumulated in the carried over second half pool of the Twin Trifecta, which shall be no less than the amount, if any, on such date already held in such pool. In such event, until such carried over pool shall have been distributed pursuant to this rule, at each succeeding Twin Trifecta performance no pool division as in (f) hereof shall be effected and the entire pool for each such Twin Trifecta first half race shall be distributed as the first half pool is distributed pursuant to this rule.

Notes

80-005 Code Vt. R. 80-210-005-X

Effective Date: September 1987 (Secretary of State Rule Log #87-41)

AUTHORITY: 31 V.S.A. §§ 601 and 626