Ill. Admin. Code tit. 11 § 324.20

Current through Register Vol. 48, No. 45, November 8, 2024

Section 324.20 - Pool Distribution

The organization licensee may choose to distribute pools in accordance with subsection (a), (b), (c) or (d). The organization licensee must give the Board 30 days notice if it chooses to distribute pools under subsection (b), subsection (c) or subsection (d), including the exact percentages it will use to determine the minor and major pools if subsection (b) is used. The racing program shall indicate when the method described in subsection (b), subsection (c) or subsection (d) is being used for a meet.

a) Distribution of Winnings - Option 1

The net Pentafecta pool shall be distributed to winning wagers in the following precedence, based upon the official order of finish:

1) As a single price pool to those whose combination finished in correct sequence as the first five betting interests, but if there are no such wagers, then

2) As a single price pool to those whose combination included, in correct sequence, the first four betting interests, but if there are no such wagers, then

3) As a single price pool to those whose combination included, in correct sequence, the first three betting interests, but if there are no such wagers, then

4) As a single price pool to those whose combination included, in correct sequence, the first two betting interests, but if there are no such wagers, then

5) As a single price pool to those whose combination correctly selected the first place betting interest only, but if there are no such wagers, then

6) The entire pool shall be refunded on Pentafecta wagers for that contest.

b) Distribution of Winnings - Option 2

1) The net Pentafecta pool shall be distributed to winning wagers in the following precedence, based on the official order of finish:

A) As a single price pool to those whose combination finished in correct sequence as the first five betting interests, but if there are no such wagers, then

B) The net pool will be divided into two separate pools. The major pool of the net pool shall be paid as a carryover pool into the next regularly scheduled Pentafecta race. The remaining minor pool shall be paid as a Pentafecta consolation pool, which will be equally divided among those ticket holders who correctly select the first four betting interests, but if there are no such wagers, then

C) The Pentafecta consolation pool will be divided among those ticket holders who correctly select the first three interests, but if there are no such wagers, then

D) The Pentafecta consolation pool will be divided among those ticket holders who correctly select the first two interests, but if there are no such wagers, then

E) The Pentafecta consolation pool will be divided among those ticket holders who correctly select the first betting interest, but if there are no such wagers, then

F) The entire net pool shall become a carryover pool into the next regularly scheduled Pentafecta race.

2) On the last Pentafecta race on the final day of the meeting, the net pool shall be redistributed using the method described in subsection (a).

c) Distribution of Winnings - Option 3

1) The net Pentafecta pool shall be distributed to winning wagers in the following precedence, based on the official order of finish:

A) As a single price pool to those whose combination finished in correct sequence as the first five betting interests, but if there are no such wagers, then

B) The entire net pool shall be paid as a carryover pool into the next regularly scheduled Pentafecta race.

2) On the last Pentafecta race on the final day of the meeting, the net pool shall be redistributed using the method described in subsection (a).

d) Distribution of Winnings - Option 4

1) The net Pentafecta pool shall be distributed to winning wagers in the following precedence, based on the official order of finish:

A) As a single price pool to the holder of a unique winning ticket whose combination finished in correct sequence as the first five betting interests, but if there is no such unique winning ticket, then

B) The net pool will be divided into two separate pools. The major pool of the net pool shall be paid as a carryover pool into the next regularly scheduled Pentafecta race. The remaining minor pool shall be paid as a Pentafecta consolation pool, which will be equally divided among those ticket holders who correctly select the first five interests, but if there are no such wagers, then

C) The entire net pool shall become a carryover pool into the next regularly scheduled Pentafecta race.

2) Unique winning ticket, as used in subsection (d)(1), shall be defined as having occurred when there is one and only one winning ticket whose combination finished in correct sequence as the first five betting interests, to be verified by the unique serial number assigned by the tote company that issued the winning ticket. In the event that there is more than one winning ticket whose combination finished in correct sequence as the first five betting interests, the unique winning ticket shall be deemed to not have occurred.

3) On the last Pentafecta race on the final day of the meeting, the net pool shall be redistributed using the method described in subsection (a).

e) If fewer than five betting interests finish and the contest is declared official, payoffs will be made based upon the order of finish of those betting interests completing the contest. The balance of any selection beyond the number of betting interests completing the contest shall be ignored. If the pools are being distributed under either subsection (b) or subsection (c), any previous Pentafecta contest's carryover will not be included in the payoff and will be retained for the next contest's carryover, and this contest's net Pentafecta pool will be distributed using the method described in subsection (a).

Ill. Admin. Code tit. 11, § 324.20

Amended at 35 Ill. Reg. 13898, effective July 28, 2011