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TITLE 16ECONOMIC REGULATION
PART 8TEXAS RACING COMMISSION
CHAPTER 321PARI-MUTUEL WAGERING
SUBCHAPTER CREGULATION OF LIVE WAGERING
DIVISION 2DISTRIBUTION OF PARI-MUTUEL POOLS
RULE §321.311Twin Trifecta

(a) The twin trifecta 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 twin trifecta shall be calculated as a separate pool.

(b) The twin trifecta requires selection of the first three finishers, in exact order, in each of two designated races. Each winning ticket for the first twin trifecta race must be exchanged for a free ticket on the second twin trifecta race to remain eligible for the second-half twin trifecta pool. Such tickets may be exchanged only at designated attended ticket windows before the start of the second twin trifecta race. Winning first-half twin trifecta wagers will receive both an exchange and a monetary payout. Both of the designated twin trifecta races shall be included in one twin trifecta pool.

(c) After wagering closes for the first-half of the twin trifecta and commissions have been deducted from the pool, the net pool shall then be divided equally into two separate pools: the first-half twin trifecta pool and the second-half twin trifecta pool.

(d) In the first twin trifecta race only, the first-half twin trifecta pool shall be distributed according to the following precedence, based on the official order of finish for the first twin trifecta race:

  (1) As a single price pool to those whose combination finished in correct sequence as the first three betting interests; but if there are no such wagers, then

  (2) As a single price pool to those whose combination included, in correct sequence, the first two betting interests; but if there are no such wagers, then

  (3) As a single price pool to those whose combination included, in correct sequence, the first and third betting interests; but if there are no such wagers, then

  (4) As a single price pool to those whose combination correctly selected the first-place betting interest; but if there are no such wagers, then

  (5) As a single price pool to those whose combination included, in correct sequence, the second and third betting interests; but if there are no such wagers, then

  (6) As a single price pool to those whose combination correctly selected the second-place betting interest; but if there are no such wagers, then

  (7) As a single price pool to those whose combination correctly selected the third-place betting interest; but if there are no such wagers, then

  (8) The twin trifecta pool shall be canceled and the entire pool shall be carried forward to the next consecutive performance and combined with that performance's second-half twin trifecta pool.

(e) If no first-half twin trifecta ticket selects the first three finishers of that contest in exact order, no exchange tickets for the second-half twin trifecta pool will be issued. In such case, the second-half twin trifecta pool shall be carried forward and added to any existing twin trifecta carryover pool.

(f) A first-half twin trifecta ticket that selects the first three finishers of that race in exact order may be exchanged for a ticket selecting the first three finishers of the second twin trifecta race. The second-half twin trifecta pool shall be distributed according to the following precedence, based on the official order of finish for the second twin trifecta race:

  (1) As a single price pool, including the carryover, to those whose combination finished in correct sequence as the first three betting interests; but if there are no such wagers, then

  (2) The second-half twin trifecta pool for that race shall be carried forward to the next consecutive performance and shall be combined with that performance's second-half twin trifecta pool.

(g) If a winning first-half twin trifecta ticket is not presented for cashing and exchange before the start of the second twin trifecta race, the ticket holder may still collect the monetary value associated with the first-half twin trifecta pool but forfeits all rights to a distribution of the second-half twin trifecta pool.

(h) If fewer than six horses of different betting interests leave the paddock for the first twin trifecta race or fewer than six greyhounds start the first twin trifecta race, the twin trifecta shall be canceled and the entire twin trifecta pool for that performance shall be refunded.

(i) Before the running of the first twin trifecta race, if due to a scratch the second twin trifecta race has fewer than six horses of different betting interests or fewer than six greyhounds of different betting interests, the twin trifecta shall be canceled and the entire twin trifecta pool for that performance shall be refunded.

(j) After the running of the first twin trifecta race, if due to a late scratch, the second twin trifecta race has fewer than six animals of different betting interests that start, all exchange tickets and outstanding first-half winning tickets shall be entitled to the second-half twin trifecta pool for that performance as a single price pool, but not the twin trifecta carryover.

(k) Coupled entries and mutuel fields may not be permitted in a twin trifecta horse race unless there are six or more betting interests. Coupled entries or mutuel fields in a twin trifecta race shall race as a single betting interest for the purpose of mutuel pool calculations and payout to the public.

(l) If a betting interest in the first twin trifecta race is scratched, all twin trifecta wagers including the scratched betting interest shall be refunded.

(m) If a betting interest in the second twin trifecta race is scratched, an announcement concerning the scratch shall be made and a reasonable amount of time shall be provided to exchange tickets that include the scratched betting interest.

(n) If there is a dead heat or multiple dead heats in either the first or second twin trifecta race, all twin trifecta wagers selecting the correct order of finish, counting a betting interest involved in a dead heat as finishing in any dead-heated position, shall be a winner. In the case of a dead heat occurring in:

  (1) the first twin trifecta race, the payout shall be calculated as a profit split; and

  (2) the second twin trifecta race, the payout shall be calculated as a single price pool.

(o) If either of the twin trifecta races are canceled before the first twin trifecta race, or if the first twin trifecta contest is declared "no contest", the entire twin trifecta pool for that performance shall be refunded and the second-half pool shall be canceled.

(p) If the second twin trifecta race is canceled or declared "no contest" on a:

  (1) non-designated mandatory payout performance, all exchange tickets and outstanding first-half winning twin trifecta tickets shall be entitled to the net twin trifecta pool for that performance as a single price pool, but not the twin trifecta carryover. If there are no such tickets, the net twin trifecta pool shall be carried forward to the next consecutive performance and combined with that performance's second-half twin trifecta pool; and

  (2) designated mandatory payout performance, all exchange tickets and outstanding first-half winning twin trifecta tickets as determined by subsection (s) of this section shall be entitled to the net twin trifecta pool for that performance and the twin trifecta carryover as a single price pool.

(q) An association may file a written request for permission to distribute the twin trifecta carryover on a specific performance with the executive secretary. The request must contain justification for the distribution, an explanation of the benefit to be derived, and the intended date and performance for the distribution.

(r) Notwithstanding subsections (f) and (t) of this section, on the last performance of a race meeting or on a designated mandatory payout performance, the following precedence will be followed in determining winning tickets for the second-half of the twin trifecta:

  (1) As a single price pool to those whose combination finished in correct sequence as the first three betting interests; but if there are no such wagers, then

  (2) As a single price pool to those whose combination included, in correct sequence, the first two betting interests; but if there are no such wagers, then

  (3) As a single price pool to those whose combination included, in correct sequence, the first and third betting interests; but if there are no such wagers, then

  (4) As a single price pool to those whose combination correctly selected the first-place betting interest; but if there are no such wagers, then

  (5) As a single price pool to those whose combination included, in correct sequence, the second and third betting interests; but if there are no such wagers, then

  (6) As a single price pool to those whose combination correctly selected the second-place betting interest; but if there are no such wagers, then

  (7) As a single price pool to those whose combination correctly selected the third-place betting interest; but if there are no such wagers, then

  (8) As a single price pool to holders of valid exchange tickets; but if there are no such persons, then

  (9) As a single price pool to holders of outstanding first-half winning tickets.

(s) Distribution on Mandatory Payout.

  (1) Notwithstanding subsections (e) and (t) of this section, on the last performance of a race meeting or a designated mandatory payout performance, exchange tickets will be issued for those combinations selecting the greatest number of betting interests in the first twin trifecta race in the following order:

    (A) As a single price pool to those whose combination finished in correct sequence as the first three betting interests; but if there are no such wagers, then

    (B) As a single price pool to those whose combination included, in correct sequence, the first two betting interests; but if there are no such wagers, then

    (C) As a single price pool to those whose combination included, in correct sequence, the first and third betting interests; but if there are no such wagers, then

    (D) As a single price pool to those whose combination correctly selected the first-place betting interest; but if there are no such wagers, then

    (E) As a single price pool to those whose combination included, in correct sequence, the second and third betting interests; but if there are no such wagers, then

    (F) As a single price pool to those whose combination correctly selected the second-place betting interest; but if there are no such wagers, then

    (G) As a single price pool to those whose combination correctly selected the third-place betting interest.

  (2) Notwithstanding subsections (e) and (t) of this section, on the last performance of a race meeting or a designated mandatory payout performance, if there are no wagers selecting the finishers in the order described in Paragraph (1) of this subsection and there is a carryover, all first-half tickets are considered winners and the twin trifecta pool for that performance and any existing twin trifecta carryover shall be distributed equally among them.

  (3) Notwithstanding subsections (e) and (t) of this section, on the last performance of a race meeting or a designated mandatory payout performance, if there are no wagers selecting the finishers in the order described in Paragraph (1) of this subsection and there is no carryover, the twin trifecta shall be canceled and the entire twin trifecta pool shall be refunded.

(t) Cap on Carryover.

  (1) The twin trifecta carryover may be capped at a designated level approved by the executive secretary so that if, at the close of any performance, the amount in the twin trifecta carryover equals or exceeds the designated cap, the twin trifecta carryover will be frozen until it is won or distributed under other provisions of this section. After the twin trifecta carryover is frozen, 50% of the twin trifecta pool shall be distributed to winners of the first twin trifecta race using the following precedence:

    (A) As a single price pool to those whose combination finished in correct sequence as the first three betting interests; but if there are no such wagers, then

    (B) As a single price pool to those whose combination included, in correct sequence, the first two betting interests; but if there are no such wagers, then

    (C) As a single price pool to those whose combination included, in correct sequence, the first and third betting interests; but if there are no such wagers, then

    (D) As a single price pool to those whose combination correctly selected the first-place betting interest; but if there are no such wagers, then

    (E) As a single price pool to those whose combination included, in correct sequence, the second and third betting interests; but if there are no such wagers, then

    (F) As a single price pool to those whose combination correctly selected the second-place betting interest; but if there are no such wagers, then

    (G) As a single price pool to those whose combination correctly selected the third-place betting interest; but if there are no such wagers, then

Cont'd...

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