Oregon Administrative Rules|Section 462-200-0620 - Place Pic (n) Pools

                                                
Current through Register Vol. 60, No. 12, December 1, 2021 
(1) The Place Pic (n) requires selection of the first or second-place finisher in each of a designated number of contests. The race meet licensee must obtain written approval from the commission concerning the scheduling of Place Pic (n) contests, the designation of one of the methods prescribed in Part (2), the distinctive name identifying the pool and the amount of any cap to be set on the carryover. Any changes to the approved Place Pic (n) format require prior approval from the commission.
 
(2) The Place Pic (n) pool shall be apportioned under one of the following methods: 
(a) Method 1, Place Pic (n) with Carryover: The net Place Pic (n) pool and carryover, if any, shall be distributed as a single price pool to those who selected the first or second-place finisher in each of the Place Pic (n) contests, based upon the official order of finish. If there are no such wagers, then a designated percentage of the net pool shall be distributed as a single price pool to those who selected the first or second-place finisher in the greatest number of Place Pic (n) contests; and the remainder shall be added to the carryover.
 
(b) Method 2, Place Pic (n) with Minor Pool and Carryover: The major share of the net Place Pic (n) pool and carryover, if any, shall be distributed to those who selected the first or second-place finisher in each of the Place Pic (n) contests, based upon the official order of finish. The minor share of the net Place Pic (n) pool shall be distributed to those who selected the first or second-place finisher in the second greatest number of Place Pic (n) contests, based upon the official order of finish. If there are no wagers selecting the first or second-place finisher of all Place Pic (n) contests, the minor share of the net Place Pic (n) shall be distributed as a single price pool to those who selected the first or second-place finisher in the greatest number of Place Pic (n) contests; and the major share shall be added to the carryover.
 
(c) Method 3, Place Pic (n) with No Minor Pool and No Carryover: The net Place Pic (n) pool shall be distributed as a single price pool to those who selected the first or second-place finisher in the greatest number of Place Pic (n) contests, based upon the official order of finish. If there are no winning wagers, the pool is refunded.
 
(d) Method 4, Place Pic (n) with Minor Pool and No Carryover: The major share of the net Place Pic (n) pool shall be distributed to those who selected the first or second-place finisher in the greatest number of Place Pic (n) contests, based upon the official order of finish. The minor share of the net Place Pic (n) pool shall be distributed to those who selected the first or second-place finisher in the second greatest number of Place Pic (n) contests, based upon the official order of finish. If there are no such wagers selecting the first or second-place finisher in a second greatest number of Place Pic (n) contests, the minor share of the net Place Pic (n) pool shall be combined with the major share for distribution as a single price pool to those who selected the first or second-place finisher in the greatest number of Place Pic (n) contests. If the greatest number of first or second-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, Place Pic (n) with Minor Pool and No Carryover: The major share of net Place Pic (n) pool shall be distributed to those who selected the first or second-place finisher in each of the Place Pic (n) contests, based upon the official order of finish. The minor share of the net Place Pic (n) pool shall be distributed to those who selected the first or second-place finisher in the second greatest number of Place Pic (n) contests, based upon the official order of finish. If there are no wagers selecting the first or second-place finisher in all Place Pic (n) contests, the entire net Place Pic (n) pool shall be distributed as a single price pool to those who selected the first or second-place finisher in the greatest number of Place Pic (n) contests. If there are no wagers selecting the first or second-place finisher in a second greatest number of Place Pic (n) contests, the minor share of the net Place Pic (n) pool shall be combined with the major share for distribution as a single price pool to those who selected the first or second-place finisher in each of the Place Pic (n) contests. If there are no winning wagers, the pool is refunded.
 
 
(3) If there is a dead heat for first in any of the Place Pic (n) contests involving: 
(a) Contestants representing the same betting interest, the Place Pic (n) pool shall be distributed as if no dead heat occurred.
 
(b) Contestants representing two or more betting interests, the Place Pic (n) pool shall be distributed as a single price pool with a winning wager including each betting interest participating in the dead heat.
 
 
(4) If there is a dead heat for second in any of the Place Pic (n) contests involving: 
(a) Contestants representing the same betting interest, the Place Pic (n) pool shall be distributed as if no dead heat occurred.
 
(b) Contestants representing two or more betting interests, the Place Pic (n) pool shall be distributed as a single price pool with a winning wager including the betting interest which finished first or any betting interest involved in the dead heat for second.
 
 
(5) Should a betting interest in any of the Place Pic (n) contests be scratched, the actual favorite, as evidenced by total amounts wagered in the Win pool at the host race meet licensee for the contest at the closing of wagering on that contest, shall 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 shall be the betting interest with the lowest program number. The totalizator shall 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.
 
(6) The Place Pic (n) pool shall be cancelled and all Place Pic (n) wagers for the individual performance shall be refunded if: 
(a) At least two contests included as part of a Place Pic 3 are cancelled or declared "no contest."
 
(b) At least three contests included as part of a Place Pic 4, Place Pic 5 or Place Pic 6 are cancelled or declared "no contest."
 
(c) At least four contests included as part of a Place Pic 7, Place Pic 8 or Place Pic 9 are cancelled or declared "no contest."
 
(d) At least five contests included as part of a Place Pic 10 are cancelled or declared "no contest."
 
 
(7) If at least one contest included as part of a Place Pic (n) is cancelled or declared "no contest," but not more than the number described in subsection (6) of this rule, the net pool shall be distributed as a single price pool to those whose selection finished first or second in the greatest number of Place Pic (n) contests for that performance. Such distribution shall include the portion ordinarily retained for the Place Pic (n) carryover but not the carryover from previous performances.
 
(8) The Place Pic (n) carryover may be capped at a designated level approved by the commission so that if, at the close of any performance, the amount in the Place Pic (n) carryover equals or exceeds the designated cap, the Place Pic (n) carryover will be frozen until it is won or distributed under the provision of this rule. After the Place Pic (n) carryover is frozen, 100 percent of the net pool, part of which ordinarily would be added to the Place Pic (n) carryover, shall be distributed to those whose selection finished first or second in the greatest number of Place Pic (n) contests for that performance.
 
(9) A written request for permission to distribute the Place Pic (n) carryover on a specific performance may be submitted to the commission. The request must contain justification for the distribution, an explanation of the benefit derived, and the intended date and performance for the distribution. 
 
(10) Should the Place Pic (n) carryover be designated for distribution on a specified date and performance in which there are no wagers selecting the first or second-place finisher in each of the Place Pic (n) contests, the entire pool shall be distributed as a single price pool to those who selection first or second in the greatest number of Place Pic (n) contests. The Place Pic (n) carryover shall be designated for distribution on a specified date and performance under any of the following circumstances: 
(a) Upon written approval from the commission as provided in subsection (9) of this rule. 
 
(b) Upon written approval from the commission when there is a change in the carryover cap, a change from one type of Place Pic (n) wagering to another, or when the Place Pic (n) is discontinued.
 
(11) If, for any reason, the Place Pic (n) carryover must be held over to the corresponding Place Pic (n) of a subsequent meet, the carryover shall be deposited in an interest-bearing account approved by the commission. The Place Pic (n) carryover plus accrued interest shall then be added to the net Place Pic (n) pool of the following meet on a date and performance so designated by the commission.
 
(12) With the written approval of the commission, the race meet licensee may contribute to the Place Pic (n) carryover a sum of money up to the amount of the designated cap.
 
(13) Providing information to any person regarding covered combinations, amounts wagered on specific combinations, number of tickets sold, or number of live tickets remaining is strictly prohibited. This shall not prohibit necessary communication between totalizator and pari-mutuel department employees for processing of pool data.
 
(14) The race meet licensee may suspend previously-approved Place Pic (n) wagering with the prior approval of the commission. Any carryover shall be held until the suspended Place Pic (n) wagering is reinstated. An race meet licensee may request approval of a Place Pic (n) wager or separate wagering pool for specific performances.
 
Or. Admin. R. 462-200-0620
RC 3-2000, f. 3-27-00, cert. ef. 5-1-00
Stat. Auth.: ORS 462.270(3)
 
Stats. Implemented: ORS 462.270(3)