Washington Administrative Code › Title 260 - Horse Racing Commission › Chapter 260-48 - Mutuels › Section 260-48-945 - 123racing pick (n) wager pools

Current through Register Vol. 24-14, July 15, 2024
(1) The 123racing pick (n) wager is a
			 separate multileg parimutuel pool wager established by the association on a
			 designated number of races. The gross pool consists of the total amount wagered
			 for the multiple race bet. Winning wagers are determined by the highest points
			 totals earned after all legs of the wager have been completed, based on
			 cumulative mythical win, place, and show wager (an across the board wager), on
			 one betting interest per wagering race. It is not a parlay and has no
			 connection with or relation to other pools conducted by the association other
			 than the utilization of live race payouts as a means of calculating players'
			 fantasy points.
Example:
(a) Horse A finishes first and pays $6.00 for the win,
						  $5.60 for show, and $2.20 for place. The total points accumulated are 6.00 +
						  5.60 + 2.20 for a total of 13.80 points.
(b) Horse B finishes second and pays $15.60 for the
						  place, and $4.80 for show. The total points accumulated are 15.60 + 4.80 for a
						  total of 20.40 points.
(c) Horse C finishes third and pays $2.10 for the show.
						  The total points accumulated are 2.10.
(2) A
			 valid 123racing pick (n) wager ticket shall be evidence of a binding contract
			 between the holder of the ticket and the association, and shall constitute an
			 acceptance of 123racing pick (n) wager provisions and rules contained in this
			 section.
(3) A 123racing pick (n)
			 wager may be given a distinctive name by the association conducting the
			 meeting, subject to the commission or executive secretaries approval, and
			 existing licenses, copyrights, and/or patents.
(4) 123racing pick (n) wagers shall be
			 conducted as follows:
(a) One wager requires a
			 predetermined unit stake to be wagered into the gross pool and the selection of
			 one betting interest per wagering race.
(b) "n" represents the number of races that
			 complete the wager and will vary as determined by the host racing association,
			 but shall include no less than four races.
(c) Each leg of the 123racing pick (n) wager
			 consists of a mythical win, place, and show wager on one betting interest per
			 race of the same unit stake as wagered into the gross pool. For example if the
			 unit stake for the 123racing pick (n) is $2, each leg of the 123racing pick (n)
			 wager consists of a mythical $2 win, place, and show wager (a $2 across the
			 board wager) on one betting interest per race. An individual may place any
			 number of separate 123racing pick (n) wagers into a pool.
(d) If a ticket has multiple selections in
			 the same race, only the selection with the highest total points will be
			 accumulated towards the 123racing pick (n) wager.
(e) Official program numbers must be used for
			 all wagers. All players are responsible for ensuring each wager is placed
			 correctly.
(f) Live race payouts
			 are used to calculate players' point totals.
(g) Each player's points will be reflected in
			 their cumulative points total at the end of each race.
(h) Following a race being declared
			 "official," the actual parimutuel pool payout for the mythical across the board
			 wager will be translated to points and added to a player's cumulative points
			 total.
(i) Of the bettors, the
			 player(s) with the highest points total after the last leg is/are the
			 "winner(s)."
(j) The net parimutuel
			 pool is distributed to the bettors scoring the highest scores of all players in
			 the pool by a predetermined method in accordance with subsection (12) of this
			 section.