PART 305 PERFECTA/EXACTA : Sections Listing

TITLE 11: ALCOHOL, HORSE RACING, LOTTERY, AND VIDEO GAMING
SUBTITLE B: HORSE RACING
CHAPTER I: ILLINOIS RACING BOARD
SUBCHAPTER a: GENERAL RULES
PART 305 PERFECTA/EXACTA


AUTHORITY: Implementing and authorized by Section 9(b) of the Illinois Horse Racing Act of 1975 [230 ILCS 5/9(b)].

SOURCE: Adopted at 19 Ill. Reg. 15199, effective November 1, 1995.

 

Section 305.10  Definition

 

The perfecta/exacta requires the selection of the first two finishers, in their exact order, for a single designated contest.  Perfecta/exacta wagers shall be calculated in an entirely separate pool.

 

Section 305.20  Pool Distribution

 

The net perfecta/exacta pool shall be distributed to winning wagers in the following manner, based upon the official order of finish:

 

a)         If contestants of a coupled entry or mutuel field finish as the first two finishers, as a single price pool to those selecting the coupled entry or mutuel field combined with the next separate betting interest; otherwise

 

b)         As a single price pool to those whose combination finished in correct sequence as the first two betting interests; but if there are no such wagers, then

 

c)         As a profit split to those whose combination included either the first place betting interest to finish first or the second place betting interest to finish second; but if there are no such wagers, then

 

d)         As a single price pool to those whose combination included the one covered betting interest to finish first or second in the correct sequence; but if there are no such wagers, then

 

e)         The entire pool shall be refunded on perfecta/exacta wagers for that contest.

 

Section 305.30  Dead Heats

 

a)         If there is a dead heat for first involving:

 

1)         contestants representing the same betting interest, the perfecta/exacta pool shall be distributed as a single price pool to those selecting the coupled entry or mutuel field combined with the next separate betting interest.

 

2)         contestants representing two or more betting interests, the perfecta/exacta shall be distributed as a profit split.

 

b)         If there is a dead heat for second involving contestants representing the same betting interests, the perfecta/exacta shall be distributed as if no dead heat occurred.

 

c)         If there is a dead heat for second involving contestants representing two or more betting interests, the perfecta/exacta pool shall be distributed in the following manner:

 

1)         As a profit split to those combining the first place betting interest with any of the betting interests involved in the dead heat for second; but if there are no such wagers, then

 

2)         As a single price pool to those combining the first place betting interest for first place and the one covered betting interest involved in the dead heat for second; but if there are no such wagers, then

 

3)         As a profit split to those wagers correctly selecting the winner for first place and those wagers selecting any of the dead-heated betting interests for second place; but if there are no such wagers, then

 

4)         The entire pool shall be refunded on perfecta/exacta wagers for that contest.

 

Section 305.40  Scratches

 

a)         In the event any contestant, which is not part of an entry or field, is scratched, all wagers including the scratched betting interests shall be refunded.

 

b)         In the event any contestant in a coupled entry or mutuel field is scratched, the remaining contestants in that coupled entry or mutuel field shall remain valid betting interests and no refunds shall be granted.

 

c)         In the event all contestants within a coupled entry or mutuel field are scratched, all wagers including such betting interests shall be refunded.