New York Codes, Rules and Regulations › Title 9 - EXECUTIVE DEPARTMENT › Subtitle T - New York State Gaming Commission › Chapter I - Division of Horse Racing and Pari-Mutuel Wagering › Subchapter B - Harness Racing › Part 4122 - PARI-MUTUEL WAGERING › Section 4122.48 - Grand Slam wager

Current through Register Vol. 46, No. 28, July 10, 2024
(a) Commission
					 approval. An association or corporation must obtain written approval from the
					 commission for the initial scheduling or specific performances of Grand Slam
					 races or any other name used to characterize this bet type, and identify the
					 pari-mutuel pool and any required distribution percentages. Changes to the
					 approved Grand Slam format, or suspension of previously approved Grand Slam
					 wagering, require prior written approval from the commission.
(b) Grand Slam pools.
(1) The Grand Slam requires selection of the
					 official first, second or third-place finisher in each of the first three races
					 in a series of four designated Grand Slam races in a single day. A completed
					 winning Grand Slam wager requires the selection of the official first place
					 finisher in the fourth and final event in this same series of races. The Grand
					 Slam wager is classified as an exotic bet and is subject to the prevailing
					 exotic takeout rate set forth in section 318 of the Racing Pari-Mutuel Wagering
					 and Breeding Law (between 20 to 30 percent of total deposits in pools resulting
					 from on-track exotic bets and selected by an association or corporation and
					 approved by the commission).
(2)
					 The Grand Slam pool shall be apportioned under the following method:
(i) The net Grand Slam pool shall be
					 distributed from a single betting pool to participants who selected the first,
					 second or third-place finisher in the first three races of a series of four
					 Grand Slam races completing a winning wager with the selection of the first
					 place finisher in the fourth and final Grand Slam event in this same series,
					 based upon the official order of finish.
(ii) If there are no winning wagers taking
					 into account all four segments of the Grand Slam wager, then the pool shall be
					 distributed as a single betting pool to those who selected the first place
					 finisher in the fourth and final Grand Slam event in this series of races along
					 with the greatest number of first, second or third-place finishes each of which
					 had an accompanying show pari-mutuel payout, in each of the first three races
					 in the series of four designated Grand Slam races. All results are based upon
					 the official order of finish for each race.
(3) If there is a dead heat for first in any
					 of the Grand Slam segments involving:
(i)
					 Official program numbered horses representing the same betting interest, then
					 the Grand Slam pool shall be distributed as if no dead heat occurred.
(ii) Official program numbered horses
					 representing two or more betting interests, then the Grand Slam pool shall be
					 distributed from a single betting pool with a winning wager including each
					 betting interest participating in the dead heat provided each entrant has a
					 pari-mutuel show payout within its race.
(4) If there is a dead heat for second and/or
					 third in any of the first three races in a series of four designated Grand Slam
					 contests involving:
(i) Horses representing
					 the same betting interest, then the Grand Slam pool shall be distributed as if
					 no dead heat occurred.
(ii) Horses
					 representing two or more betting interests, then the Grand Slam pool shall be
					 distributed from a single betting pool with a winning wager including the
					 betting interest which finished first or any betting interest involved in the
					 dead heat for second or third providing the horse has a show pari-mutuel
					 payout.
(5) Should a
					 betting interest in any of the Grand Slam contests be scratched:
(i) The actual favorite, as evidenced by
					 total amounts wagered in the Win pool at the host association for the contest
					 at the close 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 greatest amount of
					 money in the place pool. The totalisator shall produce reports showing each of
					 the wagering combinations with substituted betting interests that became
					 winners as a result of the substitution, in addition to the normal winning
					 combination.
(ii) Should a scratch
					 or scratches occur in any of the first three races in a series of four
					 designated Grand Slam contests and subsequently show wagering is cancelled due
					 to an insufficient number of remaining betting interests, this race for winning
					 Grand Slam wagering purposes would include the win and place horse
					 only.
(6) If at least
					 two contests included as part of a Grand Slam wager are canceled or declared
					 "no contest", then the Grand Slam pool shall be canceled and all Grand Slam
					 wagers for the individual performance shall be refunded.
(7) If at least one race included as part of
					 a Grand Slam wager is canceled or declared "no contest", but not more than the
					 number specified in paragraph (6) of this section, then the net pool shall be
					 distributed from a single betting pool to those bettors whose selections
					 finished first, second or third in the greatest number of Grand Slam contests
					 in the first three races in a series of four designated Grand Slam contests. In
					 determining a pari-mutuel distribution under this section, a finish of first in
					 the final and fourth designated Grand Slam contest race for the performance in
					 question shall have the same weight as a finish of first, second or third in
					 the greatest number of Grand Slam contests in the first three races in a series
					 of four designated Grand Slam contests.
(8) Providing information to any person
					 regarding covered combinations, amounts wagered on specific combinations,
					 number of tickets sold, or number of live tickets remaining prior to the third
					 segment of the wager being made official is strictly prohibited. This shall not
					 prohibit necessary communication between totalisator and pari-mutuel department
					 employees for processing of pool data.