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 321.313 - Select Three, Four, or Five

Current through Reg. 49, No. 28; July 12, 2024
(a)
					 The select three, four, or five wager is not a parlay and has no connection
					 with or relation to the win, place, and show pools shown on the tote
					 board.
(b) A select three, four, or
					 five ticket is evidence of a binding contract between the holder of the ticket
					 and the association and the ticket constitutes an acceptance of this section.
					 The association may select a distinctive name for the select three, four, or
					 five, with the prior approval of the executive secretary.
(c) The select three, four, or five
					 pari-mutuel pool consists of amounts contributed for a selection to win only on
					 each of three, four, or five races designated by the association with the
					 approval of the executive secretary. Each person purchasing a select three,
					 four, or five ticket shall designate the winning animal in each of the races
					 comprising the select three, four, or five.
(d) A coupled entry or mutuel field in a race
					 that is part of the select three, four, or five shall race as a single betting
					 interest for the purpose of the select three, four, or five pari-mutuel pool
					 calculations and payoffs to the public. If any part of a coupled entry or
					 mutuel field is a starter in a race, the entry or field selection remains as
					 the designated selection to win in that race for the select three, four, or
					 five calculation, and the selection may not be deemed a scratch.
(e) The select three, four, or five
					 pari-mutuel pool may be a carryover pool or a non-carryover pool. The
					 association, with prior approval of the executive secretary, will decide if the
					 select three, four, or five pari-mutuel pool will be offered as a carryover
					 pool or a non-carryover pool.
(f) A
					 non-carryover select three, four, or five pari-mutuel pool shall be distributed
					 in accordance with this subsection. One hundred percent of the net amount in
					 the pari-mutuel pool subject to distribution among winning ticket holders shall
					 be distributed among the holders of pari-mutuel tickets which:
(1) Correctly designate the official winner
					 in each of the races comprising the select three, four, or five.
(2) If no pari-mutuel ticket is sold
					 combining the winners of all of the races comprising the select three, four, or
					 five, 100% of the net amount in the pari-mutuel pool shall be distributed among
					 the holders of pari-mutuel tickets which include the winners of the next
					 highest number of winners of the races in the select three, four, or
					 five.
(3) If no pari-mutuel ticket
					 is sold that would require distribution of the select three, four, or five pool
					 under paragraphs (1) or (2) of this subsection, the association shall carry
					 over all money wagered in the select three, four, or five pool to the next
					 consecutive select three, four, or five pool.
(4) If the final day of a race meeting is
					 canceled or the select three, four, or five pool has not been distributed, the
					 pool shall be escrowed by the association, and the pool plus all accrued
					 interest shall be carried over and added to the select three, four, or five
					 pari-mutuel pool in the following race meeting on a date and performance
					 designated by the executive secretary.
(5) If one or two of the races comprising a
					 select three is canceled, two or three of the races comprising a select four
					 are canceled, or three or four of the races comprising a select five are
					 canceled, the net amount of the pari-mutuel pool shall be distributed as
					 provided in paragraph (2) of this subsection.