Oregon Administrative Rules › Chapter 462 - OREGON RACING COMMISSION › Division 220 - MULTI-JURISDICTIONAL SIMULCASTING AND INTERACTIVE WAGERING TOTALIZATOR HUB › Section 462-220-0055 - Handicapping Contests

Current through Register Vol. 63, No. 7, July 1, 2024
An advanced deposit wagering hub licensee may offer
				handicapping contests to its patrons subject to the requirements of this
				division and 31 U.S.C.
				5361 et seq:
(1) Participants in the handicapping contests
			 are subject to the same residency and age verification as any other
			 multi-jurisdictional account.
(2)
			 Handicapping contest accounts are subject to the same oversight as any other
			 multi-jurisdictional account including, but not limited to audits, reporting
			 and technology reviews.
(3) The
			 contest wager is a separate pari-mutuel pool entry established by the licensee
			 on a designated number of races. The gross pool consists of the total amount of
			 entry fees generated by each contest. Prizes are distributed based upon scoring
			 rules and prize parameters for each contest.
(4) A valid contest entry is evidence of a
			 binding contract between the holder of the entry and the advance deposit
			 wagering hub licensee and constitutes an acceptance of entry provisions and
			 rules contained in this chapter.
(5) An entry may not be retracted within two
			 hours of post time unless otherwise approved by the commission except in
			 accordance with previously published rules. A contest entry may be canceled
			 only with the approval of the licensee.
(6) A licensee may establish a minimum and
			 maximum number of entries per contest. If the minimum number of entries are not
			 received, the licensee may cancel and refund all entries in that
			 contest.
(7) A licensee may limit
			 the number of entries per wagerer. The maximum entries per wagerer for each
			 contest must be published in advance of the opening of the contest.
(8) Contest wagers must be conducted as
			 follows:
(a) Win/place and win/place/show
			 contest:
(A) Wagerers select one or more
			 primary betting interests for each designated contest race in accordance with
			 published contest rules.
(B)
			 Wagerers may select an alternate betting interest in accordance with published
			 contest rules. If there is a scratch of the wagerer's primary selection, the
			 alternate will be substituted. If there is also a scratch of the wagerer's
			 alternate selection, or if no alternate selection has been made, the selection
			 will default to the remaining betting interest with the best post time odds as
			 determined by win pool odds.
(C)
			 Wagerers accrue earnings based on the actual pari-mutuel win, place, or show
			 payouts for any correct selections, determined from tote payouts, based on a
			 Win/place or win/place/show wager of a dollar value established by the licensee
			 in advance of the contest. The licensee may establish maximum earnings in
			 advance of the opening of the contest. As an example, for a two-dollar
			 win/place/show contest, the maximum payout may be forty-two dollars for a
			 successful win selection, twenty-two dollars for a successful place selection,
			 and twelve dollars for a successful show selection.
(D) Tie breaker rules shall be approved by
			 the Oregon Racing Commission and shall be displayed on the handicapping contest
			 site.