Current through Register Vol. XLI, No. 50, December 13, 2024
Section 178-5-2 - DefinitionsAs used in this rule and unless the context clearly requires a different meaning, the following terms have the meaning ascribed in this section.
2.1. "Association" or "racing association" means any individual, partnership, firm, association, corporation or other entity or organization of whatever character or description licensed by the Racing Commission to conduct horse racing or dog racing and pari-mutuel wagering.2.2. "Betting interest" means one or more horses or dogs in a pari-mutuel wagering contest which are identified by a single program number for wagering purposes.2.3. "Breakage" means the net pool minus payout.2.4. "Commission" means the West Virginia Racing Commission.2.5. "Contest" means a competitive racing event on which pari-mutuel wagering is conducted.2.6. "Contestant" means an individual participant in a contest.2.7. "Coupled Entry" means two or more contestants in a contest that are treated as a single betting interest for pari-mutuel wagering purposes.2.8. "Dead heat" means the finish of a race in which the noses of two or more contestants reach the finish line at the same time.2.9. "Entry" means: 2.9.a. a contestant eligible for and entered in a race; or2.9.b. two (2) or more contestants entered in the same race, which have common ties of ownership, lease or training.2.10. "Expired Ticket" means an outstanding ticket or voucher, which was not presented for redemption within the required time period for which it was issued.2.11. "Guest Association" means an association, which offers licensed pari-mutuel wagering on contests conducted by another association (the host) in either the same jurisdiction or another jurisdiction.2.12. "Handle" means the total amount of all pari-mutuel wagering sales less refunds and cancellations.2.13. "Host Association" means the association conducting a licensed pari-mutuel meeting from which authorized contests or entire performances are simulcast.2.14. "Judge" means a duly appointed racing official with powers and duties specified by W. Va. Code § 19-23-1et seq. and/or 178CSR2, Greyhound Racing.2.15. "License" means an authorization by the Racing Commission to an association to conduct horse or dog racing with pari-mutuel wagering at a specified location.2.16. "Licensee" means any racing association holding a license required by the provisions of W. Va. Code § 19-23-1et seq. and/or 178CSR1, Thoroughbred Racing or 178CSR2, Greyhound Racing.2.17. "Meet" means the specified periods and dates within a racing meeting during which an association is authorized by the Racing Commission to conduct racing and/or pari-mutuel wagering.2.18. "Meeting" means the specified periods and dates each year during which an association is authorized to conduct racing and/or pari-mutuel wagering by approval of the Racing Commission.2.19. "Minus Pool" means the amount of gross ticket sales less refundable wagers and statutory commissions.2.20. "Multiple Wager" means a wager made on the official finishing positions of more than one (1) betting interest in a specified race or the official finishing positions of one (1) or more betting interests in more than one (1) specified race.2.21. "Mutuel Field" means a single betting interest involving more than one (1) contestant which is formed when the number of contestants starting a race exceeds the numbering capacity of the totalisator and where all contestants of a higher number are grouped in the mutuel field.2.22. "No contest" means a race canceled for any reason by the stewards or judges.2.23. "Official order of finish" means the order of finish of the horses or dogs in a contest as declared official by the stewards or judges.2.24. "Outstanding Ticket or Voucher" means a winning or refundable pari-mutuel ticket or voucher, which was not cashed during the performance for which it was issued; also known as "outs".2.25. "Pari-Mutuel System" means the manual, electro-mechanical, or computerized system and all software (including the totalisator, amount betting system and off-site betting equipment) that is used to record bets and transmit wagering data.2.26. "Pari-Mutuel Wagering" means a form of wagering on the outcome of an event in which all wagers are pooled and held by an association for distribution of the total amount, less the deductions authorized by law, to holders of tickets on the winning horses or dogs.2.27. "Patron" means a member of the public present on the grounds of a pari-mutuel association during a meeting for the purpose of wagering or to observe racing.2.28. "Payout" means the amount of money payable to winning wagers.2.29. "Pool" means a combination of interests in a joint wagering enterprise or a stake in the enterprise.2.30. "Profit" means the net pool after deduction of the amount bet on the winners.2.31. "Profit Split" means a division of profit amongst separate winning betting interests or winning betting combinations resulting in two (2) or more payout prices.2.32. "Purse" means the total cash amount for which a race is contested.2.33. "Result" means that part of the official order of finish used to determine the pari-mutuel payout of pools for each individual contest.2.34. "Scratch" means the act of withdrawing an entered horse or dog from a contest after the closing of entries.2.35. "Simulcast" means the live audio and/or visual transmission of a contest and pari-mutuel information for the purpose of pari-mutuel wagering at locations other than a licensed association where the contest is run.2.36. "Single Price Pool" means an equal distribution of profit to winning betting interests or winning betting combinations through a single payout price.2.37. "Steward" means a duly appointed racing official with powers and duties specified by W. Va. Code § 19-23-1et seq. and/or 178CSR1, Thoroughbred Racing.2.38. "Straight Wager" means a wager made on the official finishing position of a single specified betting interest in a single specified race. For purposes of these rules, all win, place and show wagers shall be considered straight wagers.2.39. "Takeout" means the total amount of money, excluding breakage, withheld from each pari-mutuel pool, as authorized by statute or rule.2.40. "Totalisator" means the system used by the association to maintain the odds, amounts wagered and winnings per race.2.41. "Winner" means the horse or dog whose nose reaches the finish line first or is placed first through disqualification by the stewards or judges.