Ohio Administrative Code › Title 3769 - State Racing Commission › Chapter 3769-3 - Wagering › Section 3769-3-34 - Place pick (n) pools

Current through all regulations passed and filed through 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 association has to obtain written approval from the Commission concerning
			 the scheduling of place pick (n) contests, the designation of one of the
			 methods prescribed in Part (2), 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 needs to have prior approval from the Commission.
(B) The place pick (n) pool will
			 be apportioned under one of the following methods:
(1) Method one, place pick (n) with
			 carryover: The net place pick (n) pool and carryover, if any, will 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 will 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 will be added to the carryover.
(2) Method two, place pick (n) with minor
			 pool and carryover: The major share of the net place pick (n) pool and the
			 carryover, if any, will 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 will
			 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 of all place pick (n) contests, the minor share of the net place pick
			 (n) pool will 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 will be added to the carryover.
(3) Method three, place pick (n) with no
			 minor pool and no carryover: The net place pick (n) pool will 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 four, place pick (n) with minor
			 pool and no carryover: The major share of the net place pick (n) pool will 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 will 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, 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 five, place pick (n) with minor pool and no carryover: The major share
			 of net place pick (n) pool will 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 will
			 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
			 will 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 will 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.