Washington Administrative Code › Title 260 - Horse Racing Commission › Chapter 260-48 - Mutuels › Section 260-48-925 - Group bet wagering

Current through Register Vol. 24-14, July 15, 2024
(1) The group
			 bet is a form of parimutuel wagering and part of the win pool in every race in
			 which it is offered. The group bet is a bet to win on every participant in the
			 selected group.
(2) A racing
			 association may not offer a group bet unless the format associated with the
			 particular group bet wagering event is first approved by the executive
			 secretary. The request must be made in writing at least three days prior to the
			 commencement of public wagering on the proposed group bet and the licensee may
			 not offer public wagering on the proposed group bet until written approval of
			 the executive secretary is issued. In approving any request of a racing
			 association related to a group bet, the executive secretary may impose such
			 conditions as are consistent with the best interests of racing and the
			 interests of the wagering public.
(3) In each race in which the group bet is
			 offered, the association will designate one horse that will not be a member of
			 either group (usually the morning line favorite) and designate the remaining
			 horses as members of one of two groups, Group A and Group B. The horses
			 comprising each group will number two or more horses and the number of horses
			 in each group need not be the same, except as provided in subsection (8)(c) or
			 (d) of this section. Each horse in a race where the group bet is offered must
			 be a member of Group A, a member of Group B, or the sole nongroup
			 horse.
(4) In each race in which
			 the group bet is offered, there will be a win payoff for bettors selecting the
			 winning participant in standard win betting and, in the event a member of one
			 of the groups wins the race, a group-bet win payout for those bettors wagering
			 on the winning group. If the nongroup horse wins the race, there will be no
			 payout for the group bet.
(5) The
			 identity of the nongroup horse and the members of Group A and Group B will be
			 disseminated in the track program. This information may also be disseminated by
			 the track announcer, on television monitors and, where applicable, by
			 authorized advance deposit wagering service providers.
(6) The minimum bet for the group bet is the
			 same as the minimum bet to win. The amount bet on Group A and Group B will be
			 allocated among the members of the respective group in proportion to the amount
			 bet on such member to win in standard win betting. Allocations may be made in
			 fractional amounts less than the minimum permissible bet to win.
(7) The payout for a winning group bet will
			 be the same regardless of which member of the group is the race winner. The
			 probable and actual payoff for a winning group bet on Group A or Group B will
			 be displayed in a similar manner as the probable and actual payout for a
			 standard win bet.
(8) In the event
			 of scratches in a race with a group bet, the following procedure will be
			 followed:
(a) In the event that the nongroup
			 horse is scratched or declared a nonstarter, group betting will cease and all
			 wagers on both groups refunded.
(b)
			 In the event of a scratch or a declaration of nonstarter of all of the members
			 of a group, group betting will cease and all wagers on both groups will be
			 refunded.
(c) In the event of a
			 scratch or declaration of nonstarter of a member of a group, moneys previously
			 allocated to the scratched runner or nonstarter will be reallocated amongst the
			 remaining member or members of that group.
(d) In the event of a scratch or declaration
			 of nonstarter of one or more horses in a group resulting in only one horse
			 remaining in that group, the remaining horse in that group will remain a valid
			 betting interest and no refund will be granted.