Section 324.10  Pentafecta

 

a)         The Pentafecta requires selection of the first five finishers, in their exact order, for a single contest.

 

b)         The organization licensee may re-name this wager, but shall notify the State Director of Mutuels of the name that will be used.

 

Section 324.20  Pool Distribution

 

The organization licensee may choose to distribute pools in accordance with subsection (a), (b), (c) or (d).  The organization licensee must give the Board 30 days notice if it chooses to distribute pools under subsection (b), subsection (c) or subsection (d), including the exact percentages it will use to determine the minor and major pools if subsection (b) is used.  The racing program shall indicate when the method described in subsection (b), subsection (c) or subsection (d) is being used for a meet.

 

a)         Distribution of Winnings − Option 1

The net Pentafecta pool shall be distributed to winning wagers in the following precedence, based upon the official order of finish:

 

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

 

2)         As a single price pool to those whose combination included, in correct sequence, the first four betting interests, but if there are no such wagers, then

 

3)         As a single price pool to those whose combination included, in correct sequence, the first three betting interests, but if there are no such wagers, then

 

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

 

5)         As a single price pool to those whose combination correctly selected the first place betting interest only, but if there are no such wagers, then

 

6)         The entire pool shall be refunded on Pentafecta wagers for that contest.

 

b)         Distribution of Winnings − Option 2

 

1)         The net Pentafecta pool shall be distributed to winning wagers in the following precedence, based on the official order of finish:

 

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

 

B)        The net pool will be divided into two separate pools.  The major pool of the net pool shall be paid as a carryover pool into the next regularly scheduled Pentafecta race.  The remaining minor pool shall be paid as a Pentafecta consolation pool, which will be equally divided among those ticket holders who correctly select the first four betting interests, but if there are no such wagers, then

 

C)        The Pentafecta consolation pool will be divided among those ticket holders who correctly select the first three interests, but if there are no such wagers, then

 

D)        The Pentafecta consolation pool will be divided among those ticket holders who correctly select the first two interests, but if there are no such wagers, then

 

E)        The Pentafecta consolation pool will be divided among those ticket holders who correctly select the first betting interest, but if there are no such wagers, then

 

F)         The entire net pool shall become a carryover pool into the next regularly scheduled Pentafecta race.

 

2)         On the last Pentafecta race on the final day of the meeting, the net pool shall be redistributed using the method described in subsection (a).

 

c)         Distribution of Winnings − Option 3

 

1)         The net Pentafecta pool shall be distributed to winning wagers in the following precedence, based on the official order of finish:

 

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

 

B)        The entire net pool shall be paid as a carryover pool into the next regularly scheduled Pentafecta race.

 

2)         On the last Pentafecta race on the final day of the meeting, the net pool shall be redistributed using the method described in subsection (a).

 

d)         Distribution of Winnings – Option 4

 

1)         The net Pentafecta pool shall be distributed to winning wagers in the following precedence, based on the official order of finish:

 

A)        As a single price pool to the holder of a unique winning ticket  whose combination finished in correct sequence as the first five betting interests, but if there is no such unique winning ticket, then 

 

B)        The net pool will be divided into two separate pools. The major pool of the net pool shall be paid as a carryover pool into the next regularly scheduled Pentafecta race. The remaining minor pool shall be paid as a Pentafecta consolation pool, which will be equally divided among those ticket holders who correctly select the first five interests,  but if  there are no such wagers, then

 

C)        The entire net pool shall become a carryover pool into the next regularly scheduled Pentafecta race.

 

2)         Unique winning ticket, as used in subsection (d)(1), shall be defined as having occurred when there is one and only one winning ticket whose combination finished in correct sequence as the first five betting interests, to be verified by the unique serial number assigned by the tote company that issued the winning ticket. In the event that there is more than one winning ticket whose combination finished in correct sequence as the first five betting interests, the unique winning ticket shall be deemed to not have occurred.

 

3)         On the last Pentafecta race on the final day of the meeting, the net pool shall be redistributed using the method described in subsection (a).

 

e)         If fewer than five betting interests finish and the contest is declared official, payoffs will be made based upon the order of finish of those betting interests completing the contest.  The balance of any selection beyond the number of betting interests completing the contest shall be ignored.  If the pools are being distributed under either subsection (b) or subsection (c), any previous Pentafecta contest's carryover will not be included in the payoff and will be retained for the next contest's carryover, and this contest's net Pentafecta pool will be distributed using the method described in subsection (a). 

 

(Source:  Amended at 35 Ill. Reg. 13898, effective July 28, 2011)

 

Section 324.30  Scratches

 

In the event any contestant that is not part of an entry or field is scratched, all wagers, including the scratched betting interest, shall be refunded.

 

Section 324.40  Dead Heats

 

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

 

1)         contestants representing five or more betting interests, all of the wagering combinations selecting five betting interests that correspond with any of the betting interests involved in the dead heat shall share in a profit split.

 

2)         contestants representing four betting interests, all of the wagering combinations selecting the four dead heated betting interests, irrespective of order, along with the fifth place betting interest shall share in a profit split.

 

3)         contestants representing three betting interests, all of the wagering combinations selecting the three dead heated betting interests, irrespective of order, along with the fourth place and fifth place betting interests shall share in a profit split.

 

4)         contestants representing two betting interests, both of the wagering combinations selecting the two dead heated betting interests, irrespective of order, along with the third place, fourth place and fifth place betting interests shall share in a profit split.

 

b)         If there is a dead heat for second involving:

 

1)         contestants representing four or more betting interests, all of the wagering combinations correctly selecting the four dead heated betting interests shall share in a profit split.

 

2)         contestants representing three betting interests, all of the wagering combinations correctly selecting the three dead heated betting interests, irrespective of order, and the fifth place betting interests shall share in a profit split.

 

3)         contestants representing two betting interests, all of the wagering combinations correctly selecting the two dead heated betting interests, irrespective of order, and the fourth place and fifth place betting interests shall share in a profit split.

 

c)         If there is a dead heat for third involving:

 

1)         contestants representing three or more betting interests, all of the wagering combinations correctly selecting the three dead heated betting interests shall share in a profit split.

 

2)         contestants representing two betting interests, both of the wagering combinations selecting the two dead heated betting interests, irrespective of order, along with the fifth place betting interest shall share in a profit split.

 

d)         If there is a dead heat for fourth, all wagering combinations correctly selecting the first three finishers, in correct sequence, along with any two of the betting interests involved in the dead heat for fourth shall share in a profit split.

 

e)         If there is a dead heat for fifth, all wagering combinations correctly selecting the first four finishers, in correct sequence, along with any of the betting interests involved in the dead heat for fifth shall share in a profit split.

 

Section 324.50  Minimum Fields

 

a)         Pentafecta wagering shall not be scheduled on a thoroughbred or standardbred race unless at least eight betting interests are carded.  In the event of a scratch, Pentafecta wagering on a race in which seven betting interests remain is permissible.

 

b)         This Section shall not be applicable to stakes races.

 

c)         Upon the approval of the Stewards, this Section shall not be applicable on the closing day of a meet to ensure the payout of the carryover.

 

(Source:  Amended at 39 Ill. Reg. 13718, effective October 5, 2015)

 

Section 324.60  Entries (Repealed)

 

(Source:  Repealed at 35 Ill. Reg. 13898, effective July 28, 2011)

Section 324.70   Mandatory Distribution

 

a)         A written request for permission to distribute a Pentafecta pool that includes a carryover on a specific race date may be submitted to the State Director of Mutuels. The request shall contain justification for the distribution, an explanation of the benefit to be derived, and the intended date for the distribution.

 

b)         Should the Pentafecta carryover be designated for distribution on a specified date in which there are no wagers whose combination finished in correct sequence as the first five betting interests, then the entire pool shall be distributed using the method described in Section 324.20(a).

 

c)         The Pentafecta carryover shall be designated for distribution on a specified race date only under the following circumstances:

 

1)         Upon written approval from the State Director of Mutuels as provided for in subsection (a); or

 

2)         On the closing date of the meet, split meet or successive or intervening race meeting at the same race track.

 

d)         If, for any reason, the designated Pentafecta pool distribution does not take place on the last day of the race meet, the Pentafecta carryover must be held over to the corresponding Pentafecta of a subsequent meet, and the carryover shall be deposited in an interest-bearing account approved by the State Director of Mutuels. The Pentafecta carryover plus accrued interest shall then be added to the net Pentafecta pool of the following meet on a date designated by the State Director of Mutuels.

 

e)         With written approval of the Board, the organization licensee may contribute to the Pentafecta carryover a sum of money up to the cap designated by the Board.

 

(Source:  Added at 36 Ill. Reg. 15144, effective October 1, 2012)