Washington Administrative Code › Title 260 - Horse Racing Commission › Chapter 260-48 - Mutuels › Section 260-48-935 - Choose (n) pools

Current through Register Vol. 24-14, July 15, 2024
(1) The choose (n)
			 is a form of parimutuel wagering, in which bettors attempt to select the
			 winners of a specific number of races (n). The choose (n) pool will be held
			 separately from all other pools and will in no way be part of a daily double,
			 exacta, trifecta or any other wagering pool. The choose (n) is a pool wherein
			 the bettor is required to select any (n) winning horses from that particular
			 card and is not a parlay (a wager using the proceeds of a previous winning
			 bet).
(2) The association must
			 obtain approval from the executive secretary concerning the format and
			 scheduling of choose (n) contests, the races in which choose (n) wagering will
			 be permitted, and the amount of any cap to be set on the carryover. The choose
			 (n) pool will close after each race but will reopen with respect to subsequent
			 races that have not yet been run provided that there are at least as many races
			 remaining as required to be selected on a winning choose (n) ticket. Once
			 approved, any changes will require approval from the executive
			 secretary.
(3) The number of races
			 in a choose (n) pool is designated by the association, while the specific races
			 wagered on are at the discretion of the bettor. The races need not be
			 consecutive and the first race of a choose (n) ticket may begin at any time
			 provided that there are an adequate number of races left on the program. The
			 bettor may purchase a choose (n) ticket allowing the bettor to select any (n)
			 races from the entire card, unless the association has designated a race not
			 eligible for the choose (n) pool.
(4) The choose (n) pool will be apportioned
			 under one of the following methods:
(a) Method
			 one - Choose (n) no carryover: The choose (n) "net wagering pool" will be
			 equally distributed to the holder or holders of choose (n) tickets which
			 correctly select (n) first place winners from the eligible races comprising the
			 choose (n). If no choose (n) ticket correctly selects (n) first place winners
			 from choose (n) eligible races, the "net wagering pool" of a choose (n) with no
			 carryover amount will be equally distributed to the ticket holder or holders
			 selecting the greatest number of first place winners of the races comprising
			 the choose (n). If there are no winning wagers, the pool is refunded.
(b) Method two - Choose (n) with carryover:
			 The choose (n) "net wagering pool" and carryover, if any, will be distributed
			 as a single price pool to holders of choose (n) tickets which have correctly
			 selected the winner of (n) races of the races comprising the choose (n).
			 However, if no choose (n) ticket correctly selects the first place winner in
			 (n) races comprising the choose (n), twenty-five percent of the net wagering
			 pool for that particular choose (n) will be equally distributed to the holder
			 or holders of choose (n) tickets correctly selecting the greatest number of
			 first place winners of the races comprising the choose (n) and the remaining
			 seventy-five percent of the net wagering pool for that particular choose (n)
			 will be added as the "carryover amount" portion of the wagering pool for
			 designated subsequent choose (n) offerings by the association. In any choose
			 (n) with a "carryover amount" feature, one hundred percent of the "net wagering
			 pool" for the particular choose (n) plus any accumulated "carryover amount,"
			 will be equally distributed to the holder or holders of choose (n) tickets
			 which correctly select the first place winners in (n) races comprising the
			 choose (n).