Md. Code Regs. 09.10.02.61 - The Survivor Bet
A. The Survivor Bet
is a contract by the purchaser of a ticket selecting the first place finisher
in each often contests.
B. Subject
to Commission approval, the racing association shall establish the takeout and
minimum amount for a bet on The Survivor Bet.
C. The Survivor Bet wagering pool shall be
distributed using the following method:
(1)
The Survivor Bet wager requires the ticket holder to correctly select the
winner of each sequential leg in order to remain alive in the pool.
(2) If at any time there is only one ticket
remaining which has correctly selected the winner in each leg contested to that
point, then the pool is at an end and that ticket is the winner regardless of
whether the remaining legs result in winning selections.
(3) If at any time there are multiple tickets
remaining which correctly selected the winner in each leg contested to that
point but none of those correctly select the winner of the subsequent leg, then
the pool is at an end and those tickets are the winners regardless of whether
the remaining legs result in winning selections. Each of these tickets shall be
apportioned a payout.
(4) If all
ten contests are completed and there are multiple tickets which correctly
selected the winner in each leg, then those tickets are the winners. Each of
these tickets shall be apportioned a payout.
(5) The net Survivor pool shall be
distributed as a single price pool to those who sequentially selected the first
place finishers in the greatest number of Survivor contests, based on the
official order of finish.
(6) All
winning payouts shall be made after the conclusion of the tenth
contest.
(7) If there are no
winning wagers, the entire pool shall be refunded.
D. If there is a dead heat for first in any
of the Survivor contests involving:
(1)
Contestants representing the same betting interests, the Survivor pool shall be
distributed as if no dead heat occurred.
(2) Contestants representing two or more
betting interests, the Survivor pool shall be distributed as a single price
pool with each winning wager receiving an equal share of the profit.
E. Should a betting interest in
any of the Survivor pools be scratched, the actual favorite, as evidenced by
total amounts wagered in the Win pool at the host association for the contest
at the close of wagering on that contest, shall be substituted for the
scratched betting interest, for all purposes, including pool calculations. In
the event that the Win pool total for two or more favorites is identical, the
substitute selection shall be the betting interest with the lowest program
number;
F. The tote company 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.
G. The Survivor Bet shall be canceled and all
Survivor Bet wagers for the individual performance shall be refunded if all
races included in the Survivor Bet pool are canceled or declared "no
contest".
H. If at least one
contest included as part of the Survivor Bet is canceled or declared a "no
contest", the net pool shall be distributed as a single price pool to those
whose selection finished first in the greatest number of Survivor contests for
that performance.
I. A "no contest"
race is not to be considered as a contested race. The Survivor Bet will advance
all tickets that remained alive in the previous leg of the pool.
J. Subject to Commission approval, an
association may contribute a sum of money up to the amount approved by the
commission to the Survivor pool.
Notes
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No prior version found.