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Can you summarize OHAC Chapter 3769-3?
State Racing Commission > Wagering
Short Summary
The provided legal document content covers a wide range of rules and regulations related to wagering in horse racing. It includes guidelines for different types of wagers such as quinella, perfecta, trifecta, superfecta, pentafecta, daily double, win three, twin trifecta, fortune pick, pick (n), quinella double, perfecta double, and exacta (n). The documents specify the requirements for selecting winning combinations, the calculation and distribution of parimutuel pools, and the handling of dead heats and scratched horses. They also outline the procedures for obtaining written approval, setting carryover caps, and making changes to the approved format. The documents address scenarios such as canceled contests, no contest declarations, and data line transmission failures. They provide guidelines for distributing pools, apportioning profits, and refunding tickets. The documents also cover the installation and requirements of totalizator systems, the display of odds boards, and the provision of accurate odds information. Penalties for violations of the rules include fines, license suspensions, license denials, license revocations, and rule-offs from race tracks. Overall, these documents ensure fairness, transparency, and compliance in horse racing contests and wagering.
Whom does it apply to?
The documents apply to permit holders, associations, bettors, participants, and individuals involved in horse racing contests and wagering.
What does it govern?
The documents govern various aspects of wagering in horse racing, including rules and regulations for different types of wagers such as quinella, perfecta, trifecta, superfecta, pentafecta, daily double, win three, twin trifecta, fortune pick, pick (n), quinella double, perfecta double, and exacta (n). They also cover the distribution and payout of parimutuel pools, the calculation of odds, the handling of dead heats, the refund policy for scratched horses, and the requirements for totalizator systems and odds boards.
What are exemptions?
No specific exemptions are mentioned in these documents.
What are the Penalties?
The penalties for violations of the rules related to wagering in horse racing include fines, license suspensions, license denials, license revocations, and rule-offs from race tracks. Each day of violation is considered a separate offense.
Jurisdiction
Ohio