N.J. Admin. Code § 13:71-27.56
Current through Register Vol. 56, No. 21, November 4, 2024
Section 13:71-27.56 - The Pick (N)(a) The Pick (N) requires selection of the first place finishers in each of four or more consecutive races, with the letter (N) representing the number of such races. The association must obtain written approval from the Commission concerning the scheduling of Pick (N) events. Any changes to the approved Pick (N) format requires prior approval from the Commission.(b) A carry-over, as is relevant to (c)1 and 2 below, is that percentage of the pool not paid out when no one successfully selects all winning horses in the Pick (N). The carry-over amount shall be added to the subsequent Pick (N) pool until distributed as a result of the successful selection of all the winning horses.(c) The Pick (N) pool shall be distributed under one of the following methods:1. Method 1. Pick (N) with carry-over: The net Pick (N) pool and carry-over, if any, shall be distributed as a single price pool to those who selected the first-place finisher in each of the Pick (N) contests, based on the official order of finish. If there are no such wagers, then 25 percent of the net pool shall be distributed as a single price pool to those who selected the first-place finisher in the greatest number of Pick (N) races; and the remaining 75 percent of the net pool shall be added to the carry-over.2. Method 2. Pick (N) with minor pool and carry-over: The major share of the net Pick (N) pool (75 percent) and the carry-over, if any, shall be distributed to those who selected the first-place finisher in each of the Pick (N) contests, based on the official order of finish. The minor share of the net Pick (N) pool (25 percent) shall be distributed to those who selected the first-place finisher in the second greatest number of Pick (N) contests based on the official order of finish. If there are no such wagers selecting the first-place finisher of all Pick (N) contests, the minor share of the net Pick (N) pool (25 percent) shall be distributed as a single price pool to those who selected the first-place finisher in the greatest number of Pick (N) contests based on the official order of finish and major share (75 percent) shall be added to the carry-over.3. Method 3. Pick (N) with no carry-over: The net Pick (N) pool shall be distributed to those who selected the first-place finisher in each of the Pick (N) contests, based on the official order of finish. If there are no such wagers selecting the first-place finisher of all Pick (N) contests, the entire net pool shall be distributed as a single price pool to those who selected the first-place finisher in the greatest number of Pick (N) contests based on the official order of finish.(d) If there is a dead heat for first in any of the Pick (N) contests involving contestants representing the same betting interest, the Pick (N) pool shall be distributed as if no dead heat occurred. If there is a dead heat for first in any of the Pick (N) contests involving contestants representing two or more betting interests, the Pick (N) pool shall be distributed as a single price pool with each winning wager receiving an equal share of the net Pick (N) pool.(e) The Pick (N) pool shall be held entirely separate from all other pools and is not a parlay and is not part of a daily double, exacta, trifecta or other wagering pool.(f) Pick (N) tickets shall be sold in not less than $ 1.00 denominations and only from machines capable of issuing four or more numbers.(g) Those horses constituting an entry or a field as defined within the rules of the Commission shall race in any Pick (N) race as a single wagering interest for the purpose of Pick (N) pari-mutuel pool calculations and payments to the public. A scratch after wagering has begun on any part of an entry or mutuel field in such a race shall be of no effect with respect to the status of such entry or field as a viable wagering interest.(h) At any time after wagering begins on a Pick (N) pool should a horse, entire betting entry or mutuel field be scratched or declared a non-starter in any Pick (N) race, no further tickets selecting such horse betting entry or mutuel field shall be issued, and wagers upon such horse betting entry or mutuel field, for purposes of the Pick (N) pool, shall be deemed wagers upon the horse, betting entry or mutuel field upon which the most money has been wagered in the win pool at the close of win pool betting for such race. In the event of a money tie, the tied horse, betting entry or mutuel field with the most inside post position shall be designated.(i) The Pick (N) pool shall not be cancelled based upon the number of race cancellations or races being declared no contest, unless the following is true, in which case all Pick (N) wagers for the individual performance shall be refunded:1. Three or more races of a Pick 4 or Pick 5 are cancelled or declared no contest;2. Four or more races of a Pick 6 or Pick 7 are cancelled or declared no contest;3. Five or more races of a Pick 8 or Pick 9 are cancelled or declared no contest;4. Six or more races of a Pick 10 or Pick 11 or more races are cancelled or declared no contest.(j) If, on the last day on which the system of wagering is conducted at a race meeting and Method 1 or Method 2 referred to in (c)1 and 2 above has been selected as the method for pool distribution with carry-over and no bettor selects the winning horse in those designated races, the total amount of the pool which exists on the day in connection with those races shall be paid to the bettor or bettors who selected the largest number of winning horses in those races.(k) If, for any reason, the Pick (N) carry-over cannot be paid out on the last scheduled day of a race meeting and Method 1 or Method 2 referred to in (c)1 and 2 above has been selected as the method for pool distribution with carry-over, the carry-over shall be deposited in an interest bearing account approved by the Commission. The Pick (N) carry-over plus accrued interest shall then be added to the net Pick (N) pool on a race date determined by the Commission.(l) An association, with the written approval of the Commission, may contribute funds to the net Pick (N) pool or the carry-over pool.(m) Should circumstances occur which are not foreseen in this section, questions arising thereby shall be resolved with general pari-mutuel practice. Decisions regarding distribution of Pick (N) pools will be final.N.J. Admin. Code § 13:71-27.56
Amended by R.1993 d.514, effective 10/18/1993.
See: 25 N.J.R. 3705(a), 25 N.J.R. 4752(b).
Petition for Rulemaking.
See: 37 N.J.R. 2575(b), 3463(c).
Amended by R.2006 d.229, effective 6/19/2006.
See: 38 N.J.R. 1400(a), 38 N.J.R. 2729(b).
Substituted "Pick (N)" for "Pick(N)" throughout; substituted "(c)1 and 2 below" for "this section" in (b); added (c)3; substituted "and Method 1 or Method 2 referred to in (c)1 and 2 above has been selected as the method for pool distribution with carry-over and" for the second comma in (j); and inserted "and Method 1 or Method 2 referred to in (c)1 and 2 above has been selected as the method for pool distribution with carry-over" in (k).
Petition for Rulemaking.
See: 42 N.J.R. 90(b), 556(c), 2152(a).