Kan. Admin. Regs. § 112-9-22a - Pick (N) pools
(a) The pick (N)
requires selection of the first-place finisher in each of a designated number
of contests. The number of contests so designated shall be more than three. The
organization licensee shall obtain written approval from the commission for the
schedule of pick (N) contests, the designation of one of the methods prescribed
in subparagraph (b) of this regulation and the amount of any cap to be set on
the carryover. The organization licensee shall not modify these pick (N)
conditions without prior written approval from the commis-sion.
(b) The pick (N) pool shall be apportioned
under one of the following methods:
(1) The
net pick (N) pool and carryover, if any, shall be distributed as a single price
pool to those who select the first-place finisher in each of the pick (N)
contests, based upon the official order of finish. If there are no such wagers,
then a designated percentage of the net pool shall be distributed as a single
price pool to those who select the first-place finisher in the greatest number
of pick (N) contests, and the remainder shall be added to the carryover.
(2) The major share of the net
pick (N) pool and the carryover, if any, shall be distributed to those who
select the first-place finisher in each of the pick (N) contests, based upon
the official order of finish. The minor share of the net pick (N) pool shall be
distributed to those who select the first-place finisher in the second greatest
number of pick (N) contests, based upon the official order of finish. If there
are no wagers selecting the first-place finisher of all pick (N) contests, the
minor share of the net pick (N) pool shall be distributed as a single price
pool to those who select the first-place finisher in the greatest number of
pick (N) contests, and the major share shall be added to the carryover.
(3) The net pick (N) pool shall be
distributed as a single price pool to those who select the first-place finisher
in the greatest number of pick (N) contests, based upon the official order of
finish. If there are no winning wagers, the pool shall be refunded.
(4) The major share of the net pick (N) pool
shall be distributed to those who select the first place finisher in the
greatest number of pick (N) contests, based upon the official order of finish.
The minor share of the net pick (N) pool shall be distributed to those who
select the first-place finisher in the second greatest number of pick (N)
contests, based upon the official order of finish. If there are no wagers
selecting the first-place finisher in a second greatest number of pick (N)
contests, the minor share of the net pick (N) pool shall be combined with the
major share for distribution as a single price pool to those who select the
first-place finisher in the greatest number of pick (N) contests. If the
greatest number of first-place finishers selected is one, the major and minor
shares shall be combined for distribution as a single price pool. If there are
no winning wagers, the pool shall be refunded.
(5) The major share of the net pick (N) pool
shall be distributed to those who select the first-place finisher in each of
the pick (N) contests, based upon the official order of finish. The minor share
of the net pick (N) pool shall be distributed to those who select the
first-place finisher in the second greatest number of pick (N) contests, based
upon the official order of finish. If there are no wagers selecting the
first-place finisher in all pick (N) contests, the entire net pick (N) pool
shall be distributed as a single price pool to those who select the first-place
finisher in the greatest number of pick (N) contests. If there are no wagers
selecting the first-place finisher in a second greatest number of pick (N)
contests, the minor share of the net pick (N) pool shall be combined with the
major share for distribution as a single price pool to those who select the
first-place finisher in each of the pick (N) contests. If there are no winning
wagers, the pool shall be refunded.
(c) 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.
(d) 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 profit.
(e) If a betting interest in any
of the pick (N) contests is scratched, the actual favorite, as demonstrated by
total amounts wagered in the win pool at the close of wagering on that contest,
shall be substituted for the scratched betting interest for all purposes,
including pool calculations. If the win pool total for two or more favorites is
identical, the substitute selection shall be the betting interest with the
lowest program number. The totalisator 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.
(f) The pick (N) pool
shall be canceled and all pick (N) wagers for the individual performance shall
be refunded if:
(1) at least two contests
included as part of a pick 3 are canceled or declared "no contest"; or
(2) at least three contests
included as part of a pick 4, pick 5 or pick 6 are canceled or declared "no
contest"; or
(3) at least four
contests included as part of a pick 7, pick 8 or pick 9 are canceled or
declared "no contest"; or
(4) at
least five contests included as part of a pick 10 are canceled or declared "no
contest."
(g) If at
least one contest included as part of a pick (N) is canceled or declared "no
contest," but not more than the number specified in subsection (f) of this
regulation, the net pool shall be distributed as a single price pool to those
whose selection finishes first in the greatest number of pick (N) contests for
that performance. Such distribution shall include the portion ordinarily
retained for the pick (N) carryover but not the carryover from previous
performances.
(h) The pick (N)
carryover may be capped at a designated level approved by the commission in
accordance with these racing regulations.
(i) An organization licensee may request
permission to distribute the pick (N) carryover on a specific performance. The
request shall be submitted to the commission in writing and shall include
justification for the distribution, an explanation of the benefit to be derived
and the intended date and performance when the distribution will be made.
(j) If the pick (N) carryover is
designated for distribution on a specified date and performance in which there
are no wagers selecting the firstplace finisher in each of the pick (N)
contests, the entire pool shall be distributed as a single price pool to those
whose selection finishes first in the greatest number of pick (N) contests. The
pick (N) carryover shall be designated for distribution on a specified date and
performance only under the following circumstances:
(1) upon written approval from the commission
as provided in subsection (h) of this regulation; or
(2) upon written approval from the commission
when there is a change in the carryover cap, a change from one type of pick (N)
wagering to another or when the pick (N) is discontinued; or
(3) on the closing performance of the race
meeting or split meeting.
(k) If for any reason the pick (N) carryover
is carried over to the corresponding pick (N) pool of a later race meeting, the
carryover shall be deposited in an interest-bearing account approved by the
commission. The pick (N) carryover plus accrued interest then shall be added to
the net pick (N) pool of the following race meeting on a date and performance
designated by the commission.
(l)
If it secures written commission approval, an organization licensee may
contribute to the pick (N) carryover a sum of money up to the amount of any
designated cap.
(m) Providing
information to any person regarding covered combinations, amounts wagered on
specific combinations or number of tickets sold is prohibited. This shall not
prohibit any necessary communication for the processing of pool data between
totalisator and parimutuel department employees.
(n) The organization licensee may suspend
previously approved pick (N) wagering only with the prior written approval of
the commission. Any carryover shall be held until the suspended pick (N)
wagering is reinstated.
(o) An
organization licensee may request approval of a pick (N) wager or separate
wagering pool for specific performances.
Notes
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