Oregon Administrative Rules › Chapter 462 - OREGON RACING COMMISSION › Division 200 - PARI-MUTUEL RULES AND REGULATIONS › Section 462-200-0620 - Place Pic (n) Pools

Current through Register Vol. 63, No. 7, July 1, 2024
(1) The
			 Place Pic (n) requires selection of the first or second-place finisher in each
			 of a designated number of contests. The race meet licensee must obtain written
			 approval from the commission concerning the scheduling of Place Pic (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 Pic (n) format require prior
			 approval from the commission.
(2)
			 The Place Pic (n) pool shall be apportioned under one of the following methods:
(a) Method 1, Place Pic (n) with Carryover:
			 The net Place Pic (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 Pic (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 Pic (n) contests; and the
			 remainder shall be added to the carryover.
(b) Method 2, Place Pic (n) with Minor Pool
			 and Carryover: The major share of the net Place Pic (n) pool and carryover, if
			 any, shall be distributed to those who selected the first or second-place
			 finisher in each of the Place Pic (n) contests, based upon the official order
			 of finish. The minor share of the net Place Pic (n) pool shall be distributed
			 to those who selected the first or second-place finisher in the second greatest
			 number of Place Pic (n) contests, based upon the official order of finish. If
			 there are no wagers selecting the first or second-place finisher of all Place
			 Pic (n) contests, the minor share of the net Place Pic (n) shall be distributed
			 as a single price pool to those who selected the first or second-place finisher
			 in the greatest number of Place Pic (n) contests; and the major share shall be
			 added to the carryover.
(c) Method
			 3, Place Pic (n) with No Minor Pool and No Carryover: The net Place Pic (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 Pic (n)
			 contests, based upon the official order of finish. If there are no winning
			 wagers, the pool is refunded.
(d)
			 Method 4, Place Pic (n) with Minor Pool and No Carryover: The major share of
			 the net Place Pic (n) pool shall be distributed to those who selected the first
			 or second-place finisher in the greatest number of Place Pic (n) contests,
			 based upon the official order of finish. The minor share of the net Place Pic
			 (n) pool shall be distributed to those who selected the first or second-place
			 finisher in the second greatest number of Place Pic (n) contests, based upon
			 the official order of finish. If there are no such wagers selecting the first
			 or second-place finisher in a second greatest number of Place Pic (n) contests,
			 the minor share of the net Place Pic (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 Pic (n) contests. If
			 the greatest number of first or second-place finishers selected is one (1), the
			 major and minor shares are combined for distribution as a single price pool. If
			 there are no winning wagers, the pool is refunded.
(e) Method 5, Place Pic (n) with Minor Pool
			 and No Carryover: The major share of net Place Pic (n) pool shall be
			 distributed to those who selected the first or second-place finisher in each of
			 the Place Pic (n) contests, based upon the official order of finish. The minor
			 share of the net Place Pic (n) pool shall be distributed to those who selected
			 the first or second-place finisher in the second greatest number of Place Pic
			 (n) contests, based upon the official order of finish. If there are no wagers
			 selecting the first or second-place finisher in all Place Pic (n) contests, the
			 entire net Place Pic (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 Pic (n) contests. If there are no wagers selecting the first or
			 second-place finisher in a second greatest number of Place Pic (n) contests,
			 the minor share of the net Place Pic (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 Pic (n) contests. If there are no
			 winning wagers, the pool is refunded.