Oklahoma Administrative Code › Title 325 - Oklahoma Horse Racing Commission › Chapter 65 - Pari-Mutuel Wagering › Subchapter 9 - Calculation of Payoffs and Distribution of Pools › Section 325:65-9-8 - Place Pick (n) Pools

Current through Vol. 41, No. 20, July 1, 2024
(a) The
				Place Pick (n) requires selection of the first or second- place finisher in
				each of a designated number of contests. The organization licensee must obtain
				written approval from the Commission concerning the scheduling of Place Pick
				(n) contests, the designation of one of the methods prescribed in (b) of this
				Section, the distinctive name identifying the pool and the amount of any cap to
				be set on the carryover. Any changes to the approved Place Pick (n) format
				require prior approval from the Commission.
(b) The Place Pick (n) pool shall be
				apportioned under one of the following methods:
(1) Method 1, Place Pick (n) with Carryover:
				The net Place Pick (n) pool and carryover, if any, shall be distributed as a
				single price pool to those who selected the first- or second-place finisher in
				each of the Place Pick (n) contests, based upon the official order of finish.
				If there are no such wagers, then a designated percentage of the net pool shall
				be distributed as a single price pool to those who selected the first- or
				second-place finisher in the greatest number of Place Pick (n) contests; and
				the remainder shall be added to the carryover.
(2) Method 2, Place Pick (n) with Minor Pool
				and Carryover: The major share of the net Place Pick (n) pool and the
				carryover, if any, shall be distributed to those who selected the first- or
				second-place finisher in each of the Place Pick (n) contests, based upon the
				official order of finish. The minor share of the net Place Pick (n) pool shall
				be distributed to those who selected the first- or second-place finisher in the
				second greatest number of Place Pick (n) contests, based up on the official
				order of finish. If there are no wagers selecting the first or second-place
				finisher of all Place Pick (n) contests, the minor share of the net Place Pick
				(n) pool shall be distributed as a single price pool to those who selected the
				first- or second-place finisher in the greatest number of Place Pick (n)
				contests; and the major share shall be added to the carryover.
(3) Method 3, Place Pick (n) with No Minor
				Pool and No Carryover: The net Place Pick (n) pool shall be distributed as a
				single price pool to those who selected the first- or second-place finisher in
				the greatest number of Place Pick (n) contests, based upon the official order
				of finish. If there are no winning wagers, the pool is refunded.
(4) Method 4, Place Pick (n) with Minor Pool
				and No Carryover: The major share of the net Place Pick (n) pool shall be
				distributed to those who selected the first- or second-place finisher in the
				greatest number of Place Pick (n) contests, based upon the official order of
				finish. The minor share of the net Place Pick (n) pool shall be distributed to
				those who selected the first- or second-place finisher in the second greatest
				number of Place Pick (n) contests, based upon the official order of finish. If
				there are no wagers selecting the first- or second-place finisher in a second
				greatest number of Place Pick (n) contests, the minor share of the net Place
				Pick (n) pool shall be combined with the major share for distribution as a
				single price pool to those who selected the first- or second-place finisher in
				the greatest number of Place Pick (n) contests. If the greatest number of
				first- or second- place finishers selected is one (1), the major and minor
				shares are combined for distribution as a single price pool. If there are no
				winning wagers, the pool is refunded.
(5) Method 5, Place Pick (n) with Minor Pool
				and No Carryover: The major share of net Place Pick (n) pool shall be
				distributed to those who selected the first- or second-place finisher in each
				of the Place Pick (n) contests, based upon the official order of finish. The
				minor share of the net Place Pick (n) pool shall be distributed to those who
				selected the first- or second-place finisher in the second greatest number of
				Place Pick (n) contests, based upon the official order of finish. If there are
				no wagers selecting the first- or second- place finisher in all Place Pick (n)
				contests, the entire net Place Pick (n) pool shall be distributed as a single
				price pool to those who selected the first- or second-place finisher in the
				greatest number of Place Pick (n) contests. If there are no wagers selecting
				the first- or second-place finisher in a second greatest number of Place Pick
				(n) contests, the minor share of the net Place Pick (n) pool shall be combined
				with the major share for distribution as a single price pool to those who
				selected the first- or second-place finisher in each of the Place Pick (n)
				contests. If there are no winning wagers, the pool is refunded.