| (a) The select three, four, or five wager is not a
parlay and has no connection with or relation to the win, place, and
show pools shown on the tote board.
(b) A select three, four, or five ticket is evidence
of a binding contract between the holder of the ticket and the association
and the ticket constitutes an acceptance of this section. The association
may select a distinctive name for the select three, four, or five,
with the prior approval of the executive secretary.
(c) The select three, four, or five pari-mutuel pool
consists of amounts contributed for a selection to win only on each
of three, four, or five races designated by the association with the
approval of the executive secretary. Each person purchasing a select
three, four, or five ticket shall designate the winning animal in
each of the races comprising the select three, four, or five.
(d) A coupled entry or mutuel field in a race that
is part of the select three, four, or five shall race as a single
betting interest for the purpose of the select three, four, or five
pari-mutuel pool calculations and payoffs to the public. If any part
of a coupled entry or mutuel field is a starter in a race, the entry
or field selection remains as the designated selection to win in that
race for the select three, four, or five calculation, and the selection
may not be deemed a scratch.
(e) The select three, four, or five pari-mutuel pool
may be a carryover pool or a non-carryover pool. The association,
with prior approval of the executive secretary, will decide if the
select three, four, or five pari-mutuel pool will be offered as a
carryover pool or a non-carryover pool.
(f) A non-carryover select three, four, or five pari-mutuel
pool shall be distributed in accordance with this subsection. One
hundred percent of the net amount in the pari-mutuel pool subject
to distribution among winning ticket holders shall be distributed
among the holders of pari-mutuel tickets which:
(1) Correctly designate the official winner in each
of the races comprising the select three, four, or five.
(2) If no pari-mutuel ticket is sold combining the
winners of all of the races comprising the select three, four, or
five, 100% of the net amount in the pari-mutuel pool shall be distributed
among the holders of pari-mutuel tickets which include the winners
of the next highest number of winners of the races in the select three,
four, or five.
(3) If no pari-mutuel ticket is sold that would require
distribution of the select three, four, or five pool under paragraphs
(1) or (2) of this subsection, the association shall carry over all
money wagered in the select three, four, or five pool to the next
consecutive select three, four, or five pool.
(4) If the final day of a race meeting is canceled
or the select three, four, or five pool has not been distributed,
the pool shall be escrowed by the association, and the pool plus all
accrued interest shall be carried over and added to the select three,
four, or five pari-mutuel pool in the following race meeting on a
date and performance designated by the executive secretary.
(5) If one or two of the races comprising a select
three is canceled, two or three of the races comprising a select four
are canceled, or three or four of the races comprising a select five
are canceled, the net amount of the pari-mutuel pool shall be distributed
as provided in paragraph (2) of this subsection.
(g) A carryover select three, four, or five pari-mutuel
pool shall be distributed in accordance with this subsection. The
net pool in the select three, four, or five pool is divided into a
major pool and a minor pool. The association shall designate the major
pool to consist of 75% of the net amount wagered on the select three,
four, or five pool. The remaining 25% constitutes the minor pool.
(1) The major pool shall be distributed among holders
of select three, four, or five tickets, which correctly designate
the winner in each of the races comprising the select three, four,
or five.
(2) 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 select three, four, or five, but who correctly selected the winners
in the most, but not all of, the races comprising the select three,
four, or five. If there are no such tickets, then the minor pool would
be added to the major pool and:
(A) Paid out to holders of tickets who correctly designated
the winner in each of the races comprising the select three, four,
or five, but if there are no such tickets,
(B) Carried forward to the next select three, four
or five pool offered.
(3) If no ticket is sold that designates the winner
in each of the races comprising the select three, four, or five, the
major pool shall be carried forward to the next select three, four
or five pool offered to be paid in the major pool.
(4) 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 paragraph (1) of this subsection.
(5) If on the last performance of the race meeting
or on a designated mandatory payout performance the major pool is
not distributable under paragraph (1) of this subsection, 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 select three, four, or five.
(6) Except as otherwise provided by this subsection,
if one or more of the races comprising a select three, four, or five
is canceled or declared a "no race", the amount contributed to the
major pool for that select three, four, or five shall be added to
the minor pool for that same select three, four, or five 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 select three, four, or five pools shall
remain in the major pool, to be carried forward to the next select
three, four, or five pool to be paid in the major pool later on the
race card or on the next performance.
(h) If all of the races comprising the select three,
four, or five are canceled, the association shall refund the pari-mutuel
tickets sold on the select three, four, or five on that day. The association
shall carry over the remaining amount in the select three, four, or
five pari-mutuel pool to the next consecutive select three, four,
or five pari-mutuel pool.
(i) If a selection on a select three, four, or five
ticket in one or more of the races is scratched or determined by the
stewards or racing judges to be a nonstarter in the race, the actual
favorite, as shown by the largest amount wagered in the win pool at
the time of the start of the race, will be substituted for the non
starting selection for all purposes, including pool calculations and
payoffs. If there are two or more favorites in the win pool, both
favorites will be substituted for the non-starting selection.
(j) When the condition of the turf course warrants
a change of racing surface in any of the races open to a select three,
four, or five, and such change has not been made known to the betting
public prior to the close of wagering for the first select three,
four, or five race, the stewards shall declare each changed race a
"no contest" for select three, four, or five purposes and the pool
shall be distributed in accordance with subsection (i) 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.
(k) In the event of a dead heat for win between two
or more animals:
(1) in a select three, all the animals in the dead
heat for win shall be considered as winning animals in the race for
the purpose of calculating the major or minor pools and the affected
pool is calculated:
(A) As a profit split to those whose selections finished
first in each of the three contests; but if there are no such wagers,
then
(B) As a single price pool to those who selected the
first place finisher in any two of the three contests; but if there
are no such wagers, then
(C) As a single price pool to those who selected the
first place finisher in any one of the three contests; but if there
were no such wagers, then in accordance with subsection (f) of this
section.
(2) in a select four or five race, all the animals
in the dead heat for win shall be considered as winning animals in
the race for the purpose of calculating the major or minor pools and
the affected pool is calculated as a win pool.
(l) A pari-mutuel ticket for the select three, four,
or five pool may not be sold, exchanged, or canceled after the time
wagering closes in the first of the races comprising the select three,
four, or five, except for refunds on select three, four, or five tickets
as required by subsection (h) of this section. A person may not disclose
the number of tickets sold in the select three, four, or five pool
or the number or amount of tickets selecting winners of select three,
four, or five races until the stewards or racing judges have determined
the last race comprising the select three, four, or five to be official.
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