9 NYCRR Part 4216 - Executive Department

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Source versions current through Sep 15, 2021 - Mar 31, 2022 across sections

Sections in this Part carry different compiled dates; each section shows its own.

9 NYCRR 4216.1 - Pools - calculation and distribution

Source version current through Mar 31, 2022

Later State Register activity may affect this section.

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Dates and status

NYCRR title agency: Executive Department
Section status: Section source receipt
Source version current through: Mar 31, 2022

The pari-mutuel pools shall be calculated and distributed as follows:

(a)Win, place, show, daily double or twin double wagers form separate wagering pools with payoffs calculated independently of each other.

(b)From each pool there shall be deducted this percentage provided by statute, the remainder being the net pool for distribution, less the breaks, as provided by the Pari-Mutuel Revenue Law.

(c)Win pool.

(1)The net pool divided by the amount wagered on the horse finishing first determines the payoff per dollar, including profit and wager.

(2)When two horses finish first in a dead heat, the money in the win pool is divided the same as in a place pool calculation.

(d)Place pool.

(1)The amounts wagered on horses finishing first and second are deducted from the net pool to determine the profit. This profit is divided in half, and the halves, in turn, divided by the two amounts mentioned above. This determines the profit per dollar, to which is added the wager.

(2)When two horses finish second in a dead heat, one half of the profit is allocated to the tickets representing wagers on the horse finishing first, and the remaining half is allocated equally to the wagers on horses finishing first, and the remaining half is allocated equally to the wagers on horses finishing in the dead heat for second.

(3)When two horses in the field or coupled as an entry run first and second, the place pool shall be distributed the same as in a win pool.

(e)Show pool.

(1)The amounts wagered on the horses finishing first, second and third are deducted from the net pool to determine the profit. This profit is divided into three equal parts, and each part, in turn, divided by the three amounts mentioned in subdivision (d) of this section. This determines the profit per dollar, to which is added the wager.

(2)When two horses finish third in a dead heat, one third of the profit is allocated to the tickets representing wagers on the horse finishing first, one third to the wagers finishing second and the remaining third equally to wagers on the horses finishing in the dead heat for third.

(3)When two horses in the field or coupled as an entry finish first and second, first and third or second and third, two thirds of the profit is allocated to the tickets representing wagers on the field or entry, and the remaining one third to the wagers on the other horse.

(4)When one horse in the field or coupled as an entry finished first or second, and the other part of the entry or field finished third in a dead heat with another horse, one half of the profit is allocated to the tickets representing wagers on the field or entry, one-third to the horse finishing first or second, and the remaining one-sixth to the wagers on the horse finishing third in the dead heat with the field or entry.

(5)When three horses in the field or coupled as an entry run first, second and third, the place and show pools shall be distributed the same as a win pool.

(f)When only two horses finish, the show pool, if any, shall be distributed the same as in a place pool.

(g)When only one horse finishes, the place and show pools, if any, shall be distributed the same as in a win pool.

(h)In any race in which no horse finishes, all money wagered on the race shall be refunded upon presentation and surrender of pari-mutuel tickets sold thereon.

(i)Payment where no wagering on a horse in the win, place or show pools.

(1)In the event that there is no money wagered to win on a horse which has finished first, the pool will be refunded.

(2)In the event that there is no money wagered to place on a horse which finished first or second, the net pool will be distributed to wagers on the horse upon which money was wagered to place and which did so finish; if none, the pool will be refunded.

(3)In the event that there is no money wagered to show on a horse which has finished first, second or third, the net pool will be distributed to wagers on the horses upon which money was wagered to show and which did so finish, as in a place pool; if only one, to wagers upon such horse as in a win pool; if none, the pool will be refunded. Should these circumstances be foreseeable when a pool closes, an immediate announcement shall be made to hold all tickets because all betting combinations are not covered.

9 NYCRR 4216.6 - Parlay betting

Source version current through Sep 15, 2021

Later State Register activity may affect this section.

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Dates and status

NYCRR title agency: Executive Department
Section status: Section source receipt
Source version current through: Sep 15, 2021

(a)When consistent with the public interest and the best interests of racing generally, with permission of the commission, the track operator may offer parlay betting as a service to the betting public.

(b)The parlay is not a pari-mutuel pool, but is a series of bets combining betting entries in win, place or show pools in each of two or more separate races in chronological order. The initial amount bet constitutes the bet on the first betting entry in the first parlay race (leg); if successful, the payoff from winning the first leg (to the lowest penny) is then bet on the betting entry designated in the second leg; if again successful, and if the parlay continues, the payoff from winning the second leg is then bet (to the lowest penny) in the third leg; etc.

(c)A parlay bet may combine any of the races on the program and must combine at least two and not over six races. Bets are limited to win, place or show pool types for which a corresponding pool is conducted on the race selected. The races in a parlay must be chronological but need not be consecutive nor combine the same type pool. The parlay shall be designated on one pari-mutuel ticket which may also evidence other parlay bets combining the same races.

(d)A parlay bet may not combine bets in the same race or earlier races (so-called reverse bets) nor on races on other programs.

(e)While payoffs inserted as bets in subsequent races are broken to the lowest penny (unlike regular payoffs), payoffs to the parlay bettor shall be broken to the lowest dime. Resulting parlay breakage shall be reported separately and added to regular breakage at the end of the program for the purpose of taxation and distribution.

(f)Parlay payoffs will be so inserted as bets in subsequent pools by the track operator that the amount of such bets, including their effect on the betting odds, will be displayed as soon as possible after the initial change of the morning line display. (Bet totals in such pools shall be displayed in truncated fashion, to the lowest dollar.)

(g)If any taxing authority requires the withholding of any portion of a winning parlay payoff prior to the completion of all bets in the parlay, such parlay shall thereupon terminate at such point and be payable to the ticket holder without further completion, selections in future races being voided. Such consequence shall be publicly announced and prominently displayed by the track operator who shall inform the public by explanation and examples of the operation of this subdivision before the start of the racing program.

(h)Parlay wagers may be cancelled by the ticket holder, in accordance with track policy on cancellations, only prior to the start of the first parlay race in which a parlay selection starts. Thereafter, the parlay must either be completed or be terminated by operation of these rules in order to be entitled to a payoff. The holder of the parlay ticket shall not have the option to cash in such bet prior to completion after a designated parlay entry actually starts in a race.

(i)If a race, pool or betting entry in a parlay is scratched (which includes an entry being declared a nonstarter for betting purposes, or a race or pool being declared “off”) the parlay shall be constituted by the remaining legs; if there are no remaining legs, the parlay terminates.

(j)A bet on a coupled entry or field is considered a bet on the remaining part of such coupled entry or field in the event any part of such entry or field starts for pari-mutuel purposes in accordance with section 4215.19 of this Title. Parlay tickets incorporating an entry or field in which a scratch occurs are refundable only in accordance with subdivision (h) of this section.

(k)Copies of this section shall be made available to the public by the track operator.

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