Md. Code Regs. 09.10.02.61

Current through Register Vol. 51, No. 22, November 1, 2024

Section 09.10.02.61 - The Survivor Bet

A. The Survivor Bet is a contract by the purchaser of a ticket selecting the first place finisher in each often contests.

B. Subject to Commission approval, the racing association shall establish the takeout and minimum amount for a bet on The Survivor Bet.

C. The Survivor Bet wagering pool shall be distributed using the following method:

(1) The Survivor Bet wager requires the ticket holder to correctly select the winner of each sequential leg in order to remain alive in the pool.

(2) If at any time there is only one ticket remaining which has correctly selected the winner in each leg contested to that point, then the pool is at an end and that ticket is the winner regardless of whether the remaining legs result in winning selections.

(3) If at any time there are multiple tickets remaining which correctly selected the winner in each leg contested to that point but none of those correctly select the winner of the subsequent leg, then the pool is at an end and those tickets are the winners regardless of whether the remaining legs result in winning selections. Each of these tickets shall be apportioned a payout.

(4) If all ten contests are completed and there are multiple tickets which correctly selected the winner in each leg, then those tickets are the winners. Each of these tickets shall be apportioned a payout.

(5) The net Survivor pool shall be distributed as a single price pool to those who sequentially selected the first place finishers in the greatest number of Survivor contests, based on the official order of finish.

(6) All winning payouts shall be made after the conclusion of the tenth contest.

(7) If there are no winning wagers, the entire pool shall be refunded.

D. If there is a dead heat for first in any of the Survivor contests involving:

(1) Contestants representing the same betting interests, the Survivor pool shall be distributed as if no dead heat occurred.

(2) Contestants representing two or more betting interests, the Survivor pool shall be distributed as a single price pool with each winning wager receiving an equal share of the profit.

E. Should a betting interest in any of the Survivor pools be scratched, the actual favorite, as evidenced by total amounts wagered in the Win pool at the host association for the contest at the close of wagering on that contest, shall be substituted for the scratched betting interest, for all purposes, including pool calculations. In the event that the Win pool total for two or more favorites is identical, the substitute selection shall be the betting interest with the lowest program number;

F. The tote company shall produce reports showing each of the wagering combinations with substituted betting interests which became winners as a result of the substitution, in addition to the normal winning combination.

G. The Survivor Bet shall be canceled and all Survivor Bet wagers for the individual performance shall be refunded if all races included in the Survivor Bet pool are canceled or declared "no contest".

H. If at least one contest included as part of the Survivor Bet is canceled or declared a "no contest", the net pool shall be distributed as a single price pool to those whose selection finished first in the greatest number of Survivor contests for that performance.

I. A "no contest" race is not to be considered as a contested race. The Survivor Bet will advance all tickets that remained alive in the previous leg of the pool.

J. Subject to Commission approval, an association may contribute a sum of money up to the amount approved by the commission to the Survivor pool.

Md. Code Regs. 09.10.02.61

Regulation .61 adopted effective 45:15 Md. R. 724, eff. 7/30/2018