(1) The pick (n)
requires selection of the first-place finisher in each of a designated number
of races. The association must obtain written approval from the executive
secretary concerning the scheduling of pick (n) races, the designation of one
of the methods prescribed in part (2), and the amount of any cap to be set on
the carryover. The number of races so designated must be more than three (3),
but no greater than ten (10). Any changes to the approved pick (n) format
require prior approval from the executive secretary.
(2) The pick (n) pool will be apportioned
under one of the following methods:
(a) Method
1, pick (n) with carryover: The net pick (n) pool and carryover, if any, will
be distributed as a single price pool to those who selected the first-place
finisher in each of the pick (n) races, based upon the official order of
finish. If there are no such wagers, then a designated percentage of the net
pool will be distributed as a single price pool to those who selected the
first-place finisher in the greatest number of pick (n) races; and the
remainder will be added to the carryover.
(b) Method 2, pick (n) with minor pool and
carryover: The major share of the net pick (n) pool and the carryover, if any,
will be distributed to those who selected the first-place finisher in each of
the pick (n) races, based upon the official order of finish. The minor share of
the net pick (n) pool will be distributed to those who selected the first-place
finisher in the second greatest number of pick (n) races, based upon the
official order of finish. If there are no wagers selecting the first-place
finisher of all pick (n) races, the minor share of the net pick (n) pool will
be distributed as a single price pool to those who selected the first-place
finisher in the greatest number of pick (n) races; and the major share will be
added to the carryover.
(c) Method
3, pick (n) with no minor pool and no carryover: The net pick (n) pool will be
distributed as a single price pool to those who selected the first-place
finisher in the greatest number of pick (n) races, based upon the official
order of finish. If there are no winning wagers, the pool is
refunded.
(d) Method 4, pick (n)
with minor pool and no carryover: The major share of the net pick (n) pool will
be distributed to those who selected the first-place finisher in the greatest
number of pick (n) races, based upon the official order of finish. The minor
share of the net pick (n) pool will be distributed to those who selected the
first-place finisher in the second greatest number of pick (n) races, based
upon the official order of finish. If there are no wagers selecting the
first-place finisher in a second greatest number of pick (n) races, the minor
share of the net pick (n) pool will be combined with the major share for
distribution as a single price pool to those who selected the first-place
finisher in the greatest number of pick (n) races. If the greatest number of
first-place finishers selected is one (1), the major and minor shares are
combined for distribution as a single price pool. If there are no winning
wagers, the pool is refunded.
(e)
Method 5, pick (n) with minor pool and no carryover: The major share of net
pick (n) pool will be distributed to those who selected the first-place
finisher in each of the pick (n) races, based upon the official order of
finish. The minor share of the net pick (n) pool will be distributed to those
who selected the first-place finisher in the second greatest number of pick (n)
races, based upon the official order of finish. If there are no wagers
selecting the first-place finisher in all pick (n) races, the entire net pick
(n) pool will be distributed as a single price pool to those who selected the
first-place finisher in the greatest number of pick (n) races. If there are no
wagers selecting the first-place finisher in a second greatest number of pick
(n) races, the minor share of the net pick (n) pool will be combined with the
major share for distribution as a single price pool to those who selected the
first-place finisher in each of the pick (n) races. If there are no winning
wagers, the pool is refunded.
(f)
Method 6, pick (n) with minor pool, jackpot pool, major carryover and jackpot
carryover: Predetermined percentages of the net pick (n) pool will be set aside
as a major pool, minor pool and jackpot pool. The major share of the net pick
(n) pool and the major carryover, if any, will be distributed to those who
selected the first-place finisher of each of the pick (n) races, based upon the
official order of finish. If there are no tickets selecting the first-place
finisher in each of the pick (n) races, the major net pool will be added to the
major carryover. If there is only one single ticket selecting the first-place
finisher of each of the pick (n) races, based upon the official order of
finish, the jackpot share of the net pick (n) pool and the jackpot carryover,
if any, will be distributed to the holder of that single ticket, along with the
major net pool and the major carryover, if any. If more than one ticket selects
the first-place finisher of each of the pick (n) races the jackpot net pool
will be added to the jackpot carryover. The minor share of the net pick (n)
pool will be distributed to those who selected the first-place finisher of the
second greatest number of pick (n) races, based upon the official order of
finish. If there are no wagers selecting the first-place finisher of all pick
(n) races, the minor net pool of the pick (n) pool will be distributed as a
single price pool to those who selected the first-place finisher of the
greatest number of pick (n) races.
(g) Method 7, with carryover and "Unique
Winning Ticket" provision: The net pick (n) pool and carryover, if any, shall
be distributed to the holder of a single, unique winning ticket that selected
the first-place finisher in each of the pick (n) races, based upon the official
order of finish. If there is more than one ticket selecting the first-place
finisher in each of the pick (n) races, the major share of the net pick (n)
pool will be distributed as a single price pool to those ticket holders, and
the minor share will be added to the carryover. If there are no tickets
selecting the first-place finisher in each of the pick (n) races, the major
share of the net pick (n) pool will be distributed to those who selected the
first-place finisher in the greatest number of pick (n) races, and the minor
share will be added to the carryover. If there are no tickets that selected at
least one first-place finisher in any of the pick (n) races, the day's net pool
is refunded and the previous carryover pool amount, if any, shall be carried
over to the next scheduled corresponding pool.
(h) Method 8, pick (n) with the pool split
into three shares, one share having a carryover: The share percentages are
determined by the pool host and approved by the executive secretary. The first
share of the net pick (n) pool and the carryover, if any, will be distributed
to those who selected the first-place finisher in each of the pick (n) races,
based upon the official order of finish. The second share of the net pick (n)
pool will be distributed to those who selected (n-1) of the pick (n) races,
based upon the official order of finish and a third share of the pick (n) pool
will be distributed to those who selected (n-2) of the pick (n) races, based
upon the official order of finish. If there are no wagers selecting the
first-place finisher of all pick (n) races, the first share will be added to
the carryover. If there are no wagers selecting (n-1) of the pick (n) races,
the second share will be added to the carryover. If there are no wagers
selecting (n-2) of the pick (n) races, the third share will be added to the
carryover. Where there is no correct selection of the first-place finisher in
at least one of the pick (n) races, based upon the official order of finish,
the day's net pool will be refunded and the previous carryover pool amount, if
any, will be carried over to the next scheduled corresponding pool.
(i) Method 9, pick (n) with pool split into
three shares, with carryovers, and a "Unique Winning Ticket" provision: The
share percentages are determined by the pool host and approved by the executive
secretary. The first share of the net pick (n) pool and the first share
carryover, if any, will be distributed to those who selected the first-place
finisher in each of the pick (n) races, based upon the official order of
finish. The second share of the net pick (n) pool will be distributed to those
who selected the first-place finisher in the second greatest number of pick (n)
races, based upon the official order of finish. If there are no wagers
selecting the first-place finisher of all pick (n) races, the second share of
the net pick (n) pool will be distributed as a single price pool to those who
selected the first-place finisher in the greatest number of pick (n) races, and
the first share will be added to the first share carryover. The third share and
the third share carryover, if any, will be distributed to the holder of a
unique winning ticket that selected the first-place finisher in each of the
pick (n) races, based upon the official order of finish. If there is no unique
winning ticket selecting the first-place finisher in each of the pick (n)
races, the third share shall be added to the third share carryover. For greater
certainty, the holder of a unique winning ticket shall receive both the first
share, and first share carryover, if any, as well as the third share, and the
third share carryover, if any. Where there is no correct selection of the
first-place finisher in at least one of the pick (n) races, based upon the
official order of finish, the day's net pool will be refunded and the previous
carryover pool(s) amount(s), if any, will be carried over to the next scheduled
corresponding pool. In obtaining authorization for operating the pick (n) pool
under this subsection, associations must clearly identify which definition
under subsection (15) of this section will be relied upon for determining the
existence of a unique winning ticket.
(3) If there is a dead heat for first in any
of the pick (n) races involving:
(a) Horses
representing the same betting interest, the pick (n) pool will be distributed
as if no dead heat occurred.
(b)
Horses representing two or more betting interests, the pick (n) pool will be
distributed as a single price pool with each winning wager receiving an equal
share of the profit.
(4)
Should a betting interest in any of the pick (n) races be scratched:
(a) The racing association may allow patrons
the option of selecting an alternate betting interest prior to the running of
the first leg of the pick (n). The selected alternate betting interest will be
substituted for the scratched betting interest, for all purposes, including
pool calculations.
(b) If no
alternate betting interest is selected or the selected alternate betting
interest is also scratched, the actual favorite, as evidenced by total amounts
wagered in the win pool at the close of wagering on that race, will be
substituted for the scratched betting interest for all purposes, including pool
calculations. In the event that the win pool total for two or more favorites is
identical, the substitute selection will be the betting interest with the
lowest program number. The parimutuel system will produce reports showing each
of the wagering combinations with substituted betting interests which became
winners as a result of the substitution, in addition to the normal winning
combination.
(5) The
pick (n) pool will be canceled and all pick (n) wagers for the individual race
day will be refunded if:
(a) At least three
races included as part of a pick 4, pick 5 or pick 6 are canceled or declared
"no contest."
(b) At least four
races included as part of a pick 7, pick 8 or pick 9 are canceled or declared
"no contest."
(c) At least five
races included as part of a pick 10 are canceled or declared "no
contest."
(6) If at
least one race included as part of a pick (n) is canceled or declared "no
contest," but not more than the number specified in subsection 5 of this rule,
the net pool will be distributed as a single price pool to those whose
selection finished first in the greatest number of pick (n) races for that race
day. Such distribution will include the portion ordinarily retained for the
pick (n) carryover but not the carryover from previous race days.
(7) The pick (n) carryover may be capped at a
designated level approved by the commission so that if, at the close of any
race day, the amount in the pick (n) carryover equals or exceeds the designated
cap, the pick (n) carryover will be frozen until it is won or distributed under
other provisions of this rule. After the pick (n) carryover is frozen, 100
percent of the net pool, part of which ordinarily would be added to the pick
(n) carryover, will be distributed to those whose selection finished first in
the greatest number of pick (n) races for that race day.
(8) A written request for permission to
distribute the pick (n) carryover on a specific race day may be submitted to
the executive secretary. The request must contain justification for the
distribution, an explanation of the benefit to be derived, and the intended
date and race day for the distribution.
(9) Should the pick (n) carryover be
designated for distribution on a specified date and race day in which there are
no wagers selecting the first-place finisher in each of the pick (n) races, the
entire pool will be distributed as a single price pool to those whose selection
finished first in the greatest number of pick (n) races. The pick (n) carryover
will be designated for distribution on a specified date and race day only under
the following circumstances:
(a) Upon written
approval from the commission as provided in subsection (8) of this
section.
(b) Upon written approval
from the executive secretary when there is a change in the carryover cap, a
change from one type of pick (n) wagering to another, or when the pick (n) is
discontinued.
(c) On the closing
race day of the meet or split meet.
(10) If, for any reason, the pick (n)
carryover must be held over to the corresponding pick (n) pool of a subsequent
meet, the carryover will be deposited in an interest-bearing account approved
by the commission. The pick (n) carryover plus accrued interest will then be
added to the net pick (n) pool of the following meet on a date and race day so
designated by the commission.
(11)
With the written approval of the executive secretary, the association may
contribute to the pick (n) carryover a sum of money up to the amount of any
designated cap.
(12) Providing
information to any person that is not made available to the public regarding
covered combinations, amounts wagered on specific combinations, number of
tickets sold, or number of live tickets remaining is prohibited.
(13) The total amount of the net pool and
information of probable payouts for each of the runners when the last race of
the pick (n) wager is the only race remaining to be run may be displayed to the
public.
This will not prohibit necessary communication between
parimutuel system and parimutuel department employees for processing of pool
data.
(14) The association
may suspend previously approved pick (n) wagering with the prior approval of
the executive secretary. Any carryover will be held until the suspended pick
(n) wagering is reinstated. An association may request approval of a pick (n)
wager or separate wagering pool for specific race day.
(15) As it relates to any distribution method
in subsection (2) of this section which contains a unique winning ticket
provision:
(a) A written request for
permission to distribute the pick (n) unique winning carryover on a specific
performance may be submitted to the executive secretary. The request must
contain justification for the distribution, an explanation of the benefit to be
derived, and the intended date and performance for the distribution. Should the
pick (n) unique winning ticket net pool and any applicable carryover be
designated for distribution on a specified date and performance in which there
is no unique winning ticket, the entire pool shall be distributed as a single
price pool to those who selected the first-place finisher in the greatest
number of pick (n) races.
(b)
Associations must use the following criteria for determining the existence of a
unique winning ticket:
(i) There is one and
only one winning ticket that correctly selected the first-place finisher in
each of the pick (n) races, based upon the official order of finish, to be
verified by the unique serial number assigned by the tote company that issued
the winning ticket; and
(ii) The
total amount wagered on the one and only one winning combination selecting the
first-place finisher in each of the pick (n) races, based upon the official
order of finish, is equal to the minimum allowable wager.