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 F - OFF-TRACK PARI-MUTUEL BETTING › Part 4410 - Pari-mutuel Pool Calculations › Section 4410.5 - Parlay betting

Current through Register Vol. 46, No. 28, July 10, 2024
(a) When
					 consistent with the public interest and the best interests of racing generally,
					 with permission of the commission, an off-track operator may offer parlay
					 betting as a service to the betting public involving races at tracks similarly
					 offering such service.
(b) The
					 parlay is not a pari-mutuel pool, but is a series of bets combining betting
					 entries in win, place or show pools in each of two or more separate races in
					 chronological order. The initial amount bet constitutes the bet on the first
					 betting entry in the first parlay race (leg); if successful, the payoff from
					 winning the first leg (to the lowest penny) is then bet on the betting entry
					 designated in the second leg; if again successful, and if the parlay continues,
					 the payoff from winning the second leg is then bet (to the lowest penny) in the
					 third leg; etc.
(c) A parlay bet
					 may combine any of the races on a daily program and must combine at least two
					 and not over six races. Bets are limited to win, place or show pool types for
					 which a corresponding pool is conducted on the race selected. The races in a
					 parlay must be chronological but need not be consecutive nor combine the same
					 type pool. The parlay shall be designated on one pari-mutuel ticket which may
					 also evidence other parlay bets combining the same races.
(d) A parlay bet may not combine bets in the
					 same race or earlier races (so-called reverse bets) nor on races on other day's
					 programs.
(e) While payoffs
					 inserted as bets in subsequent races are broken to the lowest penny (unlike
					 regular payoffs), payoffs to the parlay bettor shall be broken to the lowest
					 dime. Resulting parlay breakage shall be reported separately and added to
					 regular breakage at the end of the program for the purpose of taxation and
					 distribution.
(f) Parlay payoffs
					 will be so inserted as bets in subsequent pools by the off-track operator that
					 the amount of such bets, including their effect on the betting odds, will be
					 displayed as soon as possible after the initial change of the morning line
					 display at the track. (Bet totals in such pools shall be displayed in truncated
					 fashion, to the lowest dollar.)
(g)
					 If any taxing authority requires the withholding of any portion of a winning
					 parlay payoff prior to the completion of all bets in the parlay, such parlay
					 shall thereupon terminate at such point and be payable to the ticket holder
					 without further completion, selections in future races being voided. Such
					 consequence shall be publicly announced and prominently displayed by the off-
					 track operator who shall inform the public by explanation and examples of the
					 operation of this subdivision before the start of a day's program.
(h) Parlay wagers may be cancelled by the
					 ticket holder, in accordance with track policy on cancellations, only prior to
					 the start of the first parlay race in which a parlay selection starts.
					 Thereafter, the parlay must either be completed or be terminated by operation
					 of these rules in order to be entitled to a payoff. The holder of the parlay
					 ticket shall not have the option to cash in such bet prior to completion after
					 a designated parlay entry actually starts in a race.
(i) If a race, pool or betting entry in a
					 parlay is scratched (which includes an entry being declared a nonstarter for
					 betting purposes, or a race or pool being declared "off") the parlay shall be
					 constituted by the remaining legs; if there are no remaining legs, the parlay
					 terminates.
(j) A bet on a coupled
					 entry or field is considered a bet on the remaining part of such coupled entry
					 or field in the event any part of such entry or field starts for pari-mutuel
					 purposes in accordance with the rules governing the track where the race is
					 held. Parlay tickets incorporating an entry or field in which a scratch occurs
					 are refundable only in accordance with subdivision (h) of this
					 section.
(k) Surcharge shall only
					 accrue when a parlay becomes payable to the holder.
(l) Copies of this section shall be made
					 available to the public by the off-track betting off-track operator in each of
					 its branches.