D.C. Mun. Regs. tit. 30, r. 30-2008

Current through Register Vol. 71, No. 44, November 1, 2024

Rule 30-2008 - SPORTS WAGERS AND WAGER TYPES

2008.1

The Office may offer the following Wagers and Wager types:

(a) Money Line-A Money Line or straight up wager is a bet on the outright winner of the game or event without any point spread odds;

(b) Point Spread/Handicap-A Point Spread Wager is when a plus or minus Handicap (line) is assigned to either team and then it is added or subtracted to each final score to determine the winner. The Point Spread represents the margin of points in which the favored team must win by to "cover the spread"

(c) Total Over/Under-Total Over/Under Wagers are placed on a line set by the Office that is the total combined score at certain points during the game, including any extra time added if the score was tied at the end of regulation time. In a Total Over/Under Wager, a Player predicts the score to be lower or higher than the set line to win the Wager;

(d) Head to Head-Head to Head Wagers are available for games or events in which a direct comparison can be made between two teams or two individual participants in a game or event;

(e) Odd/Even-Odd/Even involves predicting whether the total points scored in a game or event will be an odd or even number. This Wager can be offered for an individual team separately, or for a specified period of the game, or for any combination of team and period in which case the prediction will only involve the score in these specific periods. In all circumstances, zero (0) is considered to be an even number;

(f) Proposition "Prop" Wagers-Proposition Wagers are wagers on a specific outcome during an event that does not relate to the final score. They may be offered as "Team Props," "Player Props" and "Special Props."

(g) Single Wager-A Single Wager is the most commonly used wager type. It is a straight bet based on the outcome of an event. Winnings are calculated by multiplying the odds of the selection by the stake;

(h) Futures/Outrights-A Future Wager is a Wager placed on a game or event typically held far in advance such as which team will win a championship or series;

(i) Parlay Wager-Parlay Wagers combine multiple individual Wagers into one Wager on a single ticket. The total odds in a Parlay Wager are calculated by multiplying the odds of all the individual picks. A Parlay Wager does not pay out anything unless all the selections on the ticket are correct;

(j) System Wager-System Wagers require at least three or more selections on a single ticket. The main difference between System Wagers and Parlay Wagers is that a System Wager can be won without all selections on the ticket being correct;

(k) Banker-Bankers are available only with System Wagers. The Player will usually choose a Banker Wager to be the wager within a System Wager that they feel has the highest probability of success. A Banker Wager must be correct otherwise the entire Wager fails. The amount of the winnings on a System Wager with a Banker depends on how many of the selections are correct. If the Banker is incorrect or the System Wager criterion is not satisfied, the Player loses the Wager;

(l) In-Game Wagering-In-Game Wagering involves placing a Wager during a game or event. Odds for In-Game Wagers change after almost every play or possession throughout the game; and

(m) Dead Heat-Dead Heat is a situation in which two or more competitors achieve the same result. In the case of Dead Heat Wagers the stake money is proportionately divided according to the number of selections which had a Dead Heat result and are paid at full-odds. Example: A Player places a $10 wager on a Golfer to finish in the Top 5. That Golfer finishes in a tie for 5th with 5 other Golfers. The $10 wager is divided by 5 (number of Golfers involved in tie) and paid out at the price the wager was placed.

2008.2

All Wagers and Wager types are subject to the following generic terms:

(a) All settlements are based on results and statistics provided by the relevant leagues or event's Governing body;

(b) In the event there is a material change of the game format of a certain game compared to the originally planned one based on the relevant competition and stage (e.g., a best-of-5 tennis game finally played as best-of-3, a soccer game played in 3 periods of 30 mins, a 4 quarter basketball game played in two halves, etc.), then the Office reserves the right to void all wagers for that game.

(c) In the event of an early start to a game which is not offered as in-game, then all selections on that game from Wagers received after actual start time will be settled as void.

D.C. Mun. Regs. tit. 30, r. 30-2008

Final Rulemaking published at 36 DCR 6681, 6687 (September 22, 1989); reserved by Final Rulemaking published at 66 DCR 011618 (8/30/2019); Final Rulemaking published at 67 DCR 2802 (3/13/2020); amended by Final Rulemaking published at 70 DCR 1693 (2/3/2023)