N.J. Admin. Code § 13:70-29A.7

Current through Register Vol. 56, No. 21, November 4, 2024

Section 13:70-29A.7 - Single-pool wager placement types; single-pool wager varieties

(a) A single-pool wagering outlet, in connection with a single-pool wagering event, following written petitioning to, and approval of the Racing Commission pursuant to 13:70-29A.6, may offer the single-pool wager placement types listed in this subsection, and such other single-pool wager placement types as the Racing Commission determines are consistent with the best interests of racing, and consistent with the technological ability of the single-pool wagering provider to perform accurate wagering odds calculations and payoff prices for winning single-pool wagering tickets.

1. A "combination wager" means a wager placed on one or more horses and shall be a winning wager only if the horses selected finish in any of the positions selected as part of the wager. For example, a combination wager to select two of the top three finishers would be a winning wager only if both selected horses finish the race in any combination of first through third.

2. A "multiple race wager" means a wager on the outcome of multiple races. This wager may include any combination of number of races, on races contested at one or multiple racetracks, provided that each combination offered for wagering shall have its own associated odds.

3. A "limit wager" means a wager placed on an outcome that has associated with it specified odds or higher odds. A limit wager, once placed, only enters the single wagering pool to the extent that the actual odds calculated for the wager equal or exceed the odds specified as part of the limit wager when placed. Because a limit wager is removed from the single wagering pool to the extent that the calculated odds move below the odds specified as part of the limit wager when placed, a partial fill of the placed wager may result.

4. An "all-or-none wager" means a limit wager in which the wager must be able to placed within the single wagering pool in its entirety, or the wager may not be accepted.

(b) A single-pool wagering outlet, in connection with a single-pool wagering event, following written petitioning to and approval of the Racing Commission pursuant to 13:70-29A.6, may offer any wager variety authorized by this chapter for multi-pool traditional wagering, and such additional single-pool wager variety or varieties that the Racing Commission determines is consistent with the best interests of racing and consistent with the technological ability of the single-pool wagering provider to perform accurate wagering odds calculations and payoff prices for winning single-pool wagering tickets.

N.J. Admin. Code § 13:70-29A.7