Iowa Administrative Code › Agency 491 - Racing and Gaming Commission › Chapter 8 - Pari-mutuel Wagering, Simulcasting and Advance Deposit Wagering › Rule 491-8.1 - Definitions

Current through Register Vol. 47, No. 3, July 24, 2024
"Account"
means an account approved by the
				commission for pari-mutuel advance deposit wagering with a complete record of
				credits, wagers and debits established by a licensee account holder and managed
				by a licensee or ADWO.
"Administrator"
means the administrator of the
				Iowa racing and gaming commission or the administrator's designee.
"Advance deposit wagering"
means a method of
				pari-mutuel wagering in which an individual may establish an account, deposit
				money into the account, and use the account balance to pay for pari-mutuel
				wagering.
"Advance deposit wagering center"
means an
				actual location, the equipment, and the staff of a licensee, ADWO, or both
				involved in the management, servicing and operation of the pari-mutuel advance
				deposit wagering for the licensee.
"Advance deposit wagering operator"
or
"ADWO"
means an advance deposit wagering operator licensed by
				the commission who has entered into an agreement with the licensee of the horse
				racetrack in Polk County and the Iowa Horsemen's Benevolent and Protective
				Association to provide pari-mutuel advance deposit wagering.
"Alternative simulcast operator"
or
"ASO"
means an entity licensed by the commission to provide a
				system of pari-mutuel wagering at off-track betting venues at facilities
				licensed by the commission to conduct gambling games in Iowa.
"Authorized receiver"
means a receiver that
				conducts and operates a pari-mutuel wagering system on the results of contests
				being held or conducted and simulcast from the enclosures of one or more host
				facilities.
"Betting interest"
means a number assigned to
				a single runner, an entry or a field for wagering purposes.
"Board of stewards"
means a board established
				by the administrator to review conduct by pari-mutuel facilities and their
				employees that may constitute violations of the rules and statutes relating to
				pari-mutuel racing. The administrator may serve as a board of one.
"Breakage"
means the odd cents by which the
				amount payable on each dollar wagered in a pari-mutuel pool exceeds a multiple
				of ten cents. "Breakage" is the net pool minus payoff.
"Commission"
means the Iowa racing and gaming
				commission.
"Commission representative"
means an employee
				of the commission designated to represent the commission in matters pertaining
				to the operation of the mutuel department. In the absence of a specifically
				appointed representative, a commission steward will perform the functions and
				duties of the commission representative.
"Contest"
means a race on which wagers are
				placed.
"Credits"
means all positive inflows of money
				to an account.
"Dead heat"
means that two or more runners
				have tied at the finish line for the same position in the order of
				finish.
"Debits"
means all negative outflow of money
				from an account.
"Deposit"
means a payment of money into an
				account.
"Double"
means a wager to select the winners
				of two consecutive races and is not a parlay and has no connection with or
				relation to any other pool conducted by the facility and shall not be construed
				as a "quinella double."
"Entry"
means two or more runners are coupled
				in a contest because of common ties and a wager on one of them shall be a wager
				on all of them.
"Exacta"
(may also be known as "perfecta" or
				"correcta") means a wager selecting the exact order of finish for first and
				second in that contest and is not a parlay and has no connection with or
				relation to any other pool conducted by the facility.
"Facility"
means an entity licensed by the
				commission to conduct pari-mutuel wagering in Iowa.
"Field"
means when the individual runners
				competing in a contest exceed the numbering capacity of the totalizator and all
				runners of the higher number shall be grouped together. A wager on one in the
				field shall be a wager on all. (No "fields" shall be allowed in greyhound
				racing.)
"Guest facility"
means a facility which offers
				licensed pari-mutuel wagering on contests conducted by another facility (the
				host) in either the same state or another jurisdiction.
"Host facility"
means the facility conducting
				a licensed pari-mutuel meeting from which authorized contests or entire
				performances are simulcast.
"Interstate simulcasting"
means the telecast
				of live audio and visual signals of pari-mutuel racing sent to or received from
				a state outside the state of Iowa to an authorized racing or gaming facility
				for the purpose of wagering. For the purposes of this definition, "interstate"
				also includes foreign jurisdictions.
"Intrastate simulcasting"
means the telecast
				of live audio and visual signals of pari-mutuel racing conducted on a licensed
				pari-mutuel track within Iowa sent to or received from an authorized
				pari-mutuel facility within Iowa for the purpose of pari-mutuel
				wagering.
"Licensee"
means a horse racetrack located in
				Polk County operating under a license issued by the commission.
"Licensee account holder"
means any individual
				at least 21 years of age who successfully completed an application and for whom
				the licensee or ADWO has opened an account. "Licensee account holder" does not
				include any corporation, partnership, limited liability company, trust, estate
				or other formal or nonformal entity.
"Minus pool"
means when the total amount of
				money to be returned to the public exceeds what is in the pool because of the
				deduction of a commission and because of the rule stipulation that no mutuel
				tickets shall be paid at less than $1.05 for each $1.00 wagered.
"Mutuel department"
means that area of a
				racetrack where wagers are made and winning tickets are cashed and where the
				totalizator is installed and any area used directly in the operation of
				pari-mutuel wagering.
"Mutuel manager"
means an employee of the
				facility who manages the mutuel department.
"Net pool"
means the amount remaining in each
				separate pari-mutuel pool after the takeout percentage, as provided for by Iowa
				Code section 99D.11, has been
				deducted.
"Odds"
means the approximate payoffs per
				dollar based on win pool wagering only on each betting interest for finishing
				first without a dead heat with another betting interest.
"Official"
means that the order of finish for
				the race is "official" and that payoff prices based upon the "official" order
				of finish shall be posted.
"Order of finish"
means the finishing order of
				each runner from first place to last place in each race. For horse racing only,
				the order of finish may be changed by the stewards for a rule infraction prior
				to posting of the official order of finish.
"Pari-mutuel pool"
means the total amount of
				money wagered on each separate pari-mutuel pool for payoff purposes.
"Payoff"
means the amount distributed to
				holders of valid winning pari-mutuel tickets in each pool as determined by the
				official order of finish and includes the amount wagered and profit.
"Place"
means a runner finishing
				second.
"Place pool"
means the total amount of money
				wagered on all betting interests in each race to finish first or second.
"Post time"
means the scheduled starting time
				for a contest.
"Proper identification"
means a form of
				identification accepted in the normal course of business to establish that the
				person making a transaction is a licensee account holder.
"Quinella"
means a wager selecting two runners
				to finish first and second, regardless of the order of finish, and is not a
				parlay and has no connection with or relation to any other pool conducted by
				the facility.
"Quinella double"
means a wager which consists
				of selecting the quinella in each of two designated contests and is an entirely
				separate pool from all other pools and has no connection with or relation to
				any other pool conducted by the facility.
"Runner"
means each entrant in a contest,
				designated by a number as a betting interest.
"Sales transaction data"
means the data
				between totalizator ticket-issuing machines and the totalizator central
				processing unit for the purpose of accepting wagers and generating, canceling
				and cashing pari-mutuel tickets and the financial information resulting from
				the processing of sales transaction data, such as handle.
"Secure personal identification code"
means an
				alpha-numeric character code provided by a licensee account holder as a means
				by which the licensee or ADWO may verify a wager or account transaction as
				authorized by the licensee account holder.
"Show"
means a runner finishing third.
"Show pool"
means the total amount of money
				wagered on all betting interests in each contest to finish either first, second
				or third.
"Source market fee"
or
"host
				fee"
means the part of a wager that is made on any race by a person
				who is a licensee account holder and that is returned to the licensee and the
				Iowa Horsemen's Benevolent and Protective Association pursuant to the terms of
				a negotiated agreement as required by
				491-8.6 (99D).
"Steward"
means a racing official appointed or
				approved by the commission to perform the supervisory and regulatory duties
				relating to pari-mutuel racing.
"Superfecta"
means a wager selecting the exact
				order of finish for first, second, third, and fourth in that contest and is not
				a parlay and has no connection with or relation to any other pool conducted by
				the facility.
"Totalizator"
means a machine for registering
				wagers and computing odds and payoffs based upon data supplied by each
				pari-mutuel ticket-issuing machine.
"Trifecta"
means a wager selecting the exact
				order of finish for first, second, and third in that race and is not a parlay
				and has no connection with or relation to any other pool conducted by the
				facility.
"Tri-superfecta"
means a wager selecting the
				exact order of finish for first, second and third in the first designated
				tri-super contest combined with selecting the exact order of finish for first,
				second, third and fourth in the second designated tri-super contest.
"Twin quinella"
means a wager in which the
				bettor selects the first two finishers, regardless of order, in each of two
				designated contests. Each winning ticket for the twin quinella must be
				exchanged for a free ticket on the second twin quinella contest in order to
				remain eligible for the second-half twin quinella pool.
"Twin superfecta"
means a wager in which the
				bettor selects the first four finishers, in their exact order, in each of two
				designated contests. Each winning ticket for the first twin superfecta contest
				must be exchanged for a free ticket on the second twin superfecta contest in
				order to remain eligible for the second-half twin superfecta pool.
"Twin trifecta"
means a wager in which the
				bettor selects the three runners that will finish first, second, and third in
				the exact order as officially posted in each of the two designated twin
				trifecta races.
"Underpayment"
means when the payoff to the
				public resulting from errors in calculating pools and errors occurring in the
				communication in payoffs results in less money returned to the public than is
				actually due.
"Win"
means a runner finishing first.
"Win pool"
means the total amount wagered on
				all betting interests in each contest to finish first.
"Withdrawal"
means a payment of money from an
				account by the licensee or ADWO to the licensee account holder when properly
				requested by the licensee account holder.