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 A - Thoroughbred Racing › Article 1 - Rules of Racing › Part 4010 - Pool Calculations › Section 4010.6 - 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, the track operator may offer parlay betting
						as a service to the betting public.
(b) The parlay is not a pari-mutuel pool, but
						is a series of bets combining betting entries in win, place, show or
						proposition 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 the program and must combine at least two and not over
						eight races. Bets are limited to win, place, show or proposition 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. A parlay bet ticket
						must contain all win, place or show bets without any proposition bets or all
						proposition bets without any win, place or show bets.
(d) A parlay bet may not combine bets in the
						same race or earlier races (so-called reverse bets) nor on races on other
						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 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. (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 track operator who
						shall inform the public by explanation and examples of the operation of this
						subdivision before the start of the racing 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 section
						4009.20 of this Title. Parlay
						tickets incorporating an entry or field in which a scratch occurs are
						refundable only in accordance with subdivision (h) of this section.
(k) Copies of this section shall be made
						available to the public by the track operator.