Ohio Administrative Code › Title 3769 - State Racing Commission › Chapter 3769-13 - Wagering › Section 3769-13-34 - 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 must 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 require prior approval from the Commission.
(B) The place pick (n) pool shall 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, 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 two, 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 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 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 three, 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 four, 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, 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 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.