Ill. Admin. Code tit. 11 § 312.20

Current through Register Vol. 48, No. 45, November 8, 2024

Section 312.20 - Pool Calculations

The organization licensee may select one of the following methods for conducting its Place Pick N pool. As used in this Part, "Major Pool" is defined as seventy-five percent (75%) of the daily net pool; and "Minor Pool" is defined as twenty-five percent (25%) of the daily net pool. Any deviation from the Major/Minor pool percentage division must be approved by the State Director of Mutuels.

a) Method 1, Place Pick N with Carryover: The net Place Pick N pool and carryover, if any, shall be distributed as a single price pool to those who selected the first- or second-place finisher in each of the Place Pick N contests, based upon the official order of finish. If there are no such wagers, then a designated percentage of the net pool shall be distributed as a single price pool to those who selected the first- or second-place finisher in the greatest number of Place Pick N contests; and the remainder shall be added to the carryover.

b) Method 2, Place Pick N with Minor Pool and Carryover: The major share of the net Place Pick N pool and the carryover, if any, shall be distributed to those who selected the first- or second-place finisher in each of the Place Pick N contests, based upon the official order of finish. The minor share of the net Place Pick N pool shall be distributed to those who selected the first- or second-place finisher in the second greatest number of Place Pick N contests, based upon the official order of finish. If there are no wagers selecting the first- or second-place finisher of all Place Pick N contests, the minor share of the net Place Pick N pool shall be distributed as a single price pool to those who selected the first- or second-place finisher in the greatest number of Place Pick N contests; and the major share shall be added to the carryover.

c) Method 3, Place Pick N with No Minor Pool and No Carryover: The net Place Pick N pool shall be distributed as a single price pool to those who selected the first- or second-place finisher in the greatest number of Place Pick N contests, based upon the official order of finish. If there are no winning wagers, the pool is refunded.

d) Method 4, Place Pick N with Minor Pool and No Carryover: The major share of the net Place Pick N pool shall be distributed to those who selected the first- or second-place finisher in the greatest number of Place Pick N contests, based upon the official order of finish. The minor share of the net Place Pick N pool shall be distributed to those who selected the first- or second-place finisher in the second greatest number of Place Pick N contests, based upon the official order of finish. If there are no wagers selecting the first- or second-place finisher in a second greatest number of Place Pick N contests, the minor share of the net Place Pick N pool shall be combined with the major share for distribution as a single price pool to those who selected the first- or second-place finisher in the greatest number of Place Pick N contests. If the greatest number of first- or second-place finishers selected is one (1), the major and minor shares are combined for distribution as a single price pool. If there are no winning wagers, the pool is refunded.

e) Method 5, Place Pick N with Minor Pool and No Carryover: The major share of net Place Pick N pool shall be distributed to those who selected the first- or second-place finisher in each of the Place Pick N contests, based upon the official order of finish. The minor share of the net Place Pick N pool shall be distributed to those who selected the first- or second-place finisher in the second greatest number of Place Pick N contests, based upon the official order of finish. If there are no wagers selecting the first- or second-place finisher in all Place Pick N contests, the entire net Place Pick N pool shall be distributed as a single price pool to those who selected the first- or second-place finisher in the greatest number of Place Pick N contests. If there are no wagers selecting the first- or second-place finisher in a second greatest number of Place Pick N contests, the minor share of the net Place Pick N pool shall be combined with the major share for distribution as a single price pool to those who selected the first- or second-place finisher in each of the Place Pick N contests. If there are no winning wagers, the pool is refunded.

f) Method 6, Place Pick N with Minor Pool and Carryover: The net Place Pick N pool and carryover, if any, shall be distributed to those who selected the first- or second-place finisher in each of the Place Pick N contests, based upon the official order of finish. If there are no wagers selecting the first- or second-place finisher in all Place Pick N contests, two-thirds of the net pool (major pool) or one-half of the total gross pool, whichever is greater, shall be distributed as a single price pool to those who present a valid pari-mutuel wager for that Place Pick N pool and the remaining one-third of the net pool shall be added to the carryover. The minimum pay-off provisions contained in 11 Ill. Adm. Code 405.130 shall not apply when distributing the major pool in this pool calculation.

Ill. Admin. Code tit. 11, § 312.20