N.J. Admin. Code § 13:47-18.2 - Definitions
The following words and terms, when used in this subchapter, shall have the following meanings unless the context clearly indicates otherwise.
"Armchair race(s)" means an event at which wagers are placed with imitation money on the outcome of a previously filmed horse race(s) and wagerers do not know the results in advance, when the prize awarded consists of merchandise or raffle tickets only, and not cash or money.
"Armchair race equipment provider" means a person approved by the Control Commission to provide armchair race equipment for use in or in connection with the holding of an armchair race in accordance with this subchapter.
"Armchair race holder" means the registered organization in whose name the armchair race license is issued from a municipality.
"Armchair race operator" means a person who works any game of chance at an armchair race including, but not limited to, cashiers and projectionists.
"Banker" means a person who converts cash or money into imitation money at the posted exchange rate.
"Cashier" means a person who processes transactions involving imitation money which do not also involve legal currency, cash or money, including accepting wagers, paying out winnings and redeeming imitation money for raffle tickets or merchandise prizes.
"Daily double" means a wager on which horses will finish first in two designated races.
"Exacta" means a wager on which horse will finish first and which horse will finish second in a race.
"Exchange rate" means the rate at which cash or money is converted into imitation money used to place wagers at an armchair race.
"Exchange ratio" means the rate of exchange of imitation money for raffle tickets.
"Film" means any recording medium used to show previously filmed horse races including, but not limited to, film, videotape and digital video discs.
"Imitation money" means any script which is either used to place wagers and pay winnings, or is redeemed for raffle tickets or merchandise prizes at an armchair race.
"Tamper evidencing seal" means a seal on a film container, bearing the equipment providers' name and/or logo, that is constructed in such a way that should the container be opened or tampered with, such opening or tampering would be easily discernible and obvious.
"Quiniela" means a wager to select the first two horses to finish in a race, irrespective of the order in which the horses finish in that race.
"Straight betting" means a wager on which horse will finish first in the race.
"Trifecta" means a wager made on which horse will finish in first, second and third place in a race.
Notes
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