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 321.312 - Pick (n)

Current through Reg. 49, No. 28; July 12, 2024
(a) The 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 pick (n) shall be
					 calculated as a separate pool.
(b)
					 The association may select a distinctive name for the pick (n), with the prior
					 approval of the executive secretary.
(c) The 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 pick (n), the association may not change the number
					 during a race meeting without prior written approval of the executive
					 secretary.
(d) A person purchasing
					 a pick (n) ticket shall designate the winning animal in each of the races
					 comprising the pick (n). The association shall issue to the purchaser of a pick
					 (n) ticket a ticket that reflects each of the purchaser's selections.
(e) A 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 pick (n) ticket that is not a winning
					 ticket under this section or for a pick (n) ticket that is not
					 delivered.
(f) A coupled entry or
					 mutuel field in a race that is part of the pick (n) races shall race as a
					 single betting interest for the purpose of mutuel pool calculations and payoffs
					 to the public.
(g) The pick (n)
					 pool shall be distributed as provided by this section. The net pool in the pick
					 (n) pool is divided into a major pool and a minor pool. The association may
					 designate the major pool to consist of either 75% or 50% of the net amount
					 wagered on the pick (n). The remaining percentage constitutes the minor pool.
					 The association shall notify the executive secretary 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 secretary.
(h) The major pool shall be distributed among
					 holders of pick (n) tickets which correctly designate the winner in each of the
					 races comprising the pick (n).
(i)
					 Except as otherwise provided by this section, the minor pool shall be
					 distributed to those ticket holders who failed to correctly designate the
					 winner in each of the races comprising the pick (n), but who correctly selected
					 the winners in the most, but not all of, the races comprising the pick
					 (n).
(j) If no ticket is sold that
					 designates the winner in each of the races comprising the pick (n), the major
					 pool shall be carried forward to the next performance to be paid in the major
					 pool of that performance. Except as otherwise provided by this section, the
					 major pool shall be supplemented each performance by the amount added to the
					 pool from all previous performances' major pools that have not been won in
					 accordance with subsection (h) of this section.
(k) If a pick (n) ticket designates a
					 selection and the selection is scratched or otherwise prevented from racing,
					 the favorite, as determined by the largest amount wagered in the win pool at
					 the start of the race, will be substituted for the nonstarting selection for
					 all purposes, including mutuel pool calculations and payoffs to the public. If
					 there are two or more favorites in the win pool, both favorites will be
					 substituted for the nonstarting selection.
(l) If a race in the pick (n) ends in a dead
					 heat for first place, all animals in the dead heat are winners for purposes of
					 calculating the pick (n) pool.
(m)
					 Except as otherwise provided by this subsection, if one or more races in the
					 pick (n) are canceled or declared a "no race", the amount contributed to the
					 major pool for that performance shall be added to the minor pool for that
					 performance and distributed as an extra amount in the minor pool to the holders
					 of the tickets that designate the most winners in the remaining races. All
					 contributions to the major pool from prior performances shall remain in the
					 major pool, to be carried forward to the next performance to be paid in the
					 major pool for that performance. If the stewards or racing judges cancel or
					 declare as a "no race" three or more of the races comprising a pick six, seven,
					 or eight, four or more of the races comprising the pick nine, or five or more
					 of the races comprising the pick 10, the pick (n) is canceled and the
					 association shall refund all pick (n) tickets. A person may not win the major
					 pool unless the person holds a pick (n) ticket that correctly designates the
					 official winners of all the scheduled races comprising the pick (n) for that
					 performance. On the last performance of a race meeting or on a designated
					 mandatory payout performance, if one or two races comprising the pick (n) are
					 canceled or declared a "no race", the major pool and the minor pool for that
					 performance shall be combined with the prior performance major pool and be paid
					 to those holders of tickets who correctly designated the most winners of the
					 remaining races of the pick (n). If three or more races comprising the pick (n)
					 are canceled or declared a "no race", the association shall refund all pick (n)
					 tickets and the prior performance major pool shall be distributed in accordance
					 with subsection (o) of this section.
(n) When the condition of the turf course
					 warrants a change of racing surface in any of the races open to pick (n)
					 wagering, and such change has not been made known to the betting public prior
					 to the close of wagering for the first pick (n) race, the Stewards shall
					 declare the changed races a "no contest" for pick (n) wagering purposes and the
					 pool shall be distributed in accordance with subsection (m) of this section.
					 Following the designation of a race as a "no contest", no tickets shall be sold
					 selecting a horse in such "no contest" race.
(o) If on the last performance of the race
					 meeting or on a designated mandatory payout performance the major pool is not
					 distributable under subsection (h) of this section, the major pool and all
					 money carried forward into that pool from previous performances shall be
					 combined with the minor pool and distributed to the holders of tickets
					 correctly designating the most, but not all, of the races comprising the pick
					 (n) for that performance.
(p) If
					 the final or designated mandatory payoff performance is canceled or the major
					 pool has not been distributed, the major pool shall be deposited in an
					 interest-bearing account approved by the executive secretary. The major pool
					 plus all accrued interest shall then be carried over and included in a major
					 pool offered on one of the first five days of the next subsequent race meeting
					 or on the next performance after the undistributed mandatory payout
					 performance, as approved by the executive secretary.
(q) Except for refunds required by this
					 section, a pick (n) ticket may not be sold, exchanged, or canceled after the
					 close of wagering on the first of the pick (n) races.
(r) A person may not disclose the number of
					 tickets sold in the pick (n) pool or the number or amount of tickets selecting
					 winners of the races comprising the pick (n) until the results of the last race
					 comprising the pick (n) are official. The totalisator equipment shall be
					 programmed or constructed to suppress the publication or printing of any such
					 information, except the total number of dollars wagered in the pick (n), until
					 the results of the last race comprising the pick (n) are official.