Florida Administrative Code › 75 - FLORIDA GAMING CONTROL COMMISSION › 75 - Departmental › Chapter 75-7 - AUDITING › Section 75-7.001 - Definitions

Current through Reg. 50, No. 138; July 16, 2024
(1) "Admissions Charge" is the amount
				required of a patron to enter the permitholder's facility and grandstand area
				inclusive of any amount the permitholder has charged as a condition for
				admission which is not optional.
(2) "Advance Wagers or Bets" are pari-mutuel
				wagers sold during a given performance for future contests within the same
				performance period including tickets sold during the early bird
				period.
(3) "Bet Cancel Delay" is
				the short period of time, after the stop bet command has been activated, during
				which a teller may cancel a wager.
(4) "Betting Interest" is a contestant or
				group of contestants upon which wagers may be placed.
(5) "Canceled Ticket" is a pari-mutuel ticket
				which is invalidated prior to the end of the betting period of the contest for
				which purchased.
(6) "Cashed
				Tickets" are tickets redeemed after the contest for which they were purchased.
				These include winnings and refundable wagers paid.
(7) "Commission" (takeout) is the percentage
				of the pari-mutuel pool deducted by the permitholder prior to distribution of
				the pool.
(8) "Common Pool" is the
				pool at the host track into which wagers taken at guest tracks are
				combined.
(9) "Account Betting" is
				the method of wagering on-track via an account opened by placing a sum of money
				on deposit with the permitholder.
(10) "Contest" is a race or game between
				horses, greyhounds, or players for purses, stakes or reward at any licensed
				race course or fronton and conducted in the presence of judges or
				stewards.
(11) "Corresponding
				Trifecta and Superfecta Combination" is either of two trifecta and superfecta
				combinations offered in the same performance which are comprised of identical
				halves, such as a twin-tri and a twin-tri.
(12) "Coupled Entry" is two or more horses
				having the same owner entered to run in the same race. A coupled entry is
				considered a single betting interest for purposes of wagering.
(13) "Covered Betting Interest" is a
				contestant upon which a wager has been made.
(14) "Credit Voucher" is a totalisator
				generated ticket issued in exchange for cash or cash equivalent accepted by a
				totalisator terminal for all transactions.
(15) "Entry" is a horse, greyhound, or player
				entered to compete in a contest.
(16) "Expired Ticket" is a winning or
				refundable pari-mutuel ticket not presented for redemption within 1 year from
				the date of the performance for which it was issued.
(17) "Future Wagers" are pari-mutuel tickets
				sold during a given performance, including the early bird period, for a future
				performance.
(18) "Gross Pool" is
				the total sales for a specific type of wager for a specific contest net of
				refunds and cancellations.
(19)
				"Hub or Hub System" is the intermediary computer system to which the terminals
				or totalisator of one or more guest facilities are linked to the
				host.
(20) "Interstate" shall mean
				from one state to another.
(21)
				"Jackpot" is the sum of money formed by the accumulation of previous
				contributions to a pool.
(22)
				"Major Pool" is the greater portion of a jackpot or a net pool paid to winning
				wagers.
(23) "Malfunction" shall
				mean any impairment of the totalisator functions or loss in communication
				between the host and the guest entities which causes:
(a) A delay or cancellation of
				contests,
(b) A delay in the
				combining of pools,
(c) A delay of
				computations of the payoff prices,
(d) A delay in generating or printing reports
				required to audit the pool,
(e) A
				delay or exclusion of exchange rights,
(f) Incorrect calculations,
(g) The wagers to be
				refunded.