Texas Administrative Code › Title 16 - ECONOMIC REGULATION › Part 8 - TEXAS RACING COMMISSION › Chapter 321 - PARI-MUTUEL WAGERING › Subchapter C - REGULATION OF LIVE WAGERING › Division 2 - DISTRIBUTION OF PARI-MUTUEL POOLS › Section 321.321 - Fortune Pick (n)

Current through Reg. 49, No. 28; July 12, 2024
(a) The fortune pick
					 (n) wager is not a parlay and has no connection with or relation to the win,
					 place, and show pools shown on the tote board. All tickets on the fortune pick
					 (n) shall be calculated as a separate pool.
(b) The fortune pick (n) pari-mutuel pool
					 consists of amounts contributed for a selection to win only in each of six,
					 seven, eight, nine, or 10 races designated by the association. After
					 designating the number of races comprising the fortune pick (n), the
					 association may not change the number during a race meeting without prior
					 written approval of the executive director.
(c) Unique winning wager, as used in this
					 section, shall be defined as having occurred when the total amount wagered on a
					 winning combination selecting the first place finisher in each of the selected
					 fortune pick (n) contests, based upon the official order of finish, is equal to
					 the minimum allowable wager.
(d)
					 Unique winning ticket, as used in this section, shall be defined as having
					 occurred when there is one and only one ticket that correctly selected the
					 first place finisher in each of the selected fortune pick (n) contests, based
					 on the official order of finish, to be verified by the unique serial number
					 assigned by the totalisator system that issued the winning ticket.
(e) A person purchasing a fortune pick (n)
					 ticket shall designate the winning animal in each of the races comprising the
					 fortune pick (n). The association shall issue to the purchaser of a fortune
					 pick (n) ticket a ticket that reflects each of the purchaser's
					 selections.
(f) A fortune pick (n)
					 ticket is a contract between the holder of the ticket and the association and
					 the ticket constitutes acceptance of this section. The association, totalisator
					 company, and the State of Texas are not liable to a person for a fortune pick
					 (n) ticket that is not a winning ticket under this section or for a fortune
					 pick (n) ticket that is not delivered.
(g) A coupled entry or mutuel field in a race
					 that is part of the fortunate pick (n) races shall race as a single betting
					 interest for the purpose of mutuel pool calculations and payoffs to the
					 public.
(h) The fortune pick (n)
					 pool shall be distributed as provided by this section. The net pool in the
					 fortune pick (n) pool is divided into a major pool and a minor pool. The
					 association may designate the major pool percentage of the net amount wagered
					 on the fortune pick (n). The remaining percentage constitutes the minor pool.
					 The association shall notify the executive director in writing before the
					 beginning of each race meeting of its designation regarding the division
					 between the major and minor pools. After designating the division between the
					 major and minor pools, an association may not change the division during a race
					 meeting without prior written approval of the executive director.
(i) Prior to the start of a race meet at
					 which an association will offer a fortune pick (n) wager, the association shall
					 notify the executive director of its election to require a unique winning wager
					 or a unique winning ticket, along with any specifics within that option for
					 which it seeks approval. The association may not change fortune pick (n)
					 options for the meet once testing has been performed based on those
					 selections.
(j) The entire net
					 fortune pick (n) pool and carryover, if any, shall be distributed to the holder
					 of a unique winning wager or unique winning ticket, as appropriate depending on
					 the association's election in subsection (i) of this section. If there is no
					 unique winning wager or unique winning ticket, as appropriate based on the
					 association's election, the minor share of the net fortune pick (n) pool shall,
					 at the discretion of the association and with the prior approval of the
					 executive director, be distributed either as a single price pool to those who
					 selected the first place finisher in the greatest number of fortune pick (n)
					 contests or as a single price pool to those who selected the first-place
					 finisher in all of the pick (n) contests, based on the official order of
					 finish, and the major share shall be added to the carryover.
(k) If the fortune pick (n) minor pool cannot
					 be distributed in accordance with subsection (j) of this section, the minor
					 pool shall be combined with the major pool and added to the previous day's
					 carryover. The entire pool plus carryover shall be carried forward to the next
					 fortune pick (n) pool.
(l) If the
					 association elects to designate the major pool at one hundred percent (100%)
					 and the minor pool at zero percent (0%), the entire net fortune pick (n) pool
					 and carryover, if any, shall be distributed to the holder of a unique winning
					 wager or unique winning ticket, as appropriate based on the association's
					 election in subsection (i) of this section. If there is no unique winning wager
					 or unique winning ticket, as appropriate, the entire pool shall be combined
					 with the previous day's carryover. The entire pool plus carryover shall be
					 carried forward to the next fortune pick (n) pool.
(m) If there is a dead heat for first in any
					 of the fortune pick (n) contests involving:
(1) contestants representing the same betting
					 interest, the fortune pick (n) pool shall be distributed as if no dead heat
					 occurred.
(2) contestants
					 representing two or more betting interests, the fortune pick (n) pool shall be
					 distributed as a single price pool with each unique winning wager receiving an
					 equal share of the profit.