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 321.322 - Triple Trifecta

Current through Reg. 49, No. 28; July 12, 2024
(a) The Triple
					 Trifecta 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 Triple
					 Trifecta wager shall be calculated as a separate pool.
(b) The association may select a distinctive
					 name for the Triple Trifecta wager, with the prior written approval of the
					 executive secretary.
(c) A Triple
					 Trifecta wager 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 Triple Trifecta wager ticket that is not a winning ticket under
					 this section or for a Triple Trifecta wager ticket that is not
					 delivered.
(d) The Triple Trifecta
					 wager requires the selection of the first three finishers, in exact order, in
					 each of three consecutive designated contests. Payment of the ticket may be
					 made only to the purchaser who has selected the qualifying finishers in three
					 designated races.
(e) A coupled
					 entry or mutuel field in a race that is part of the Triple Trifecta races shall
					 race as a single betting interest for the purpose of mutuel pool calculations
					 and payoffs to the public.
(f) The
					 association must obtain written approval from the executive secretary
					 concerning the scheduling of the Triple Trifecta contests and the designation
					 of qualifying races. Any change to the Triple Trifecta requires prior written
					 approval from the executive secretary and the association.
(g) If no Triple Trifecta ticket is sold for
					 the winning combination, then 100% of the net pool shall be carried over and
					 made available on the next consecutive Triple Trifecta pool and shall be
					 combined with and added to the net pool for such qualifying pool, and made
					 available for payout.
(h) Except
					 for refunds required by this section, a Triple Trifecta wager ticket may not be
					 sold, exchanged, or canceled after the close of wagering on the first of the
					 Triple Trifecta wager races.
(i)
					 Dead heats. For the purposes of determining whether a Triple Trifecta wager
					 correctly selected the finishers in exact position, animals in a dead heat are
					 deemed to jointly occupy both or all positions in the dead heat. For
					 calculation purposes, the Triple Trifecta will be calculated as a place
					 pool.
(j) The minimum number of
					 wagering interests required to offer Triple Trifecta wagering shall be six
					 wagering interests in each of the Triple Trifecta races. If one of the legs of
					 the Triple Trifecta scratches to less than six wagering interests then all
					 wagers, less any carryover, shall be refunded.
(k) If after wagering has begun an animal
					 entered in a Triple Trifecta race is scratched or otherwise prevented from
					 racing, all money wagered on the affected animal shall be deducted from the
					 Triple Trifecta pool and refunded to the holders of tickets on the affected
					 animal.
(l) Canceled contests. If
					 any of the Triple Trifecta contests are canceled or declared no contest, that
					 Triple Trifecta pool, less any carryover, shall be refunded.
(m) If on the final day of a race meeting or
					 on a designated mandatory payout date the Triple Trifecta pool has not been
					 distributed under this section, then the net pool for that performance plus any
					 carryover from previous performances shall be paid out in the following manner:
(1) To those who correctly selected two of
					 three trifectas in the Triple Trifecta races. If there are no such wagers,
					 then
(2) To those who correctly
					 selected one of three trifectas in the Triple Trifecta races. If there are no
					 such wagers, then
(3) As a single
					 price pool to holders of Triple Trifecta wagers.