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Can you summarize VTCR 80-210-005?
RACING COMMISSION > TWIN TRIFECTA
Short Summary
This document governs Twin Trifecta wagering conducted under the permission of the Racing Commission in Vermont. The Commission designates the races in which Twin Trifecta pari-mutuel wagering is permitted and establishes a separate pool for such wagering. Twin Trifecta is a form of pari-mutuel wagering where bettors select the three horses or dogs that will finish 1st, 2nd, and 3rd in each of the two designated races in the exact order as officially posted. Twin Trifecta tickets can only be sold at Twin Trifecta windows by the licensee and from automatic double issue machines, unless otherwise permitted by the Commission. The pool is divided into two parts, with the first part distributed to holders of winning tickets for the first designated race and the second part distributed to holders of winning tickets for the second designated race. If there is a failure to select the first three horses or dogs in exact order in the first half of the Twin Trifecta, payoffs can be made for selecting the first two horses or dogs in exact order or the first horse or dog. The second half of the pool is carried over to the next performance if there is no winner. Various rules and procedures are outlined for ticket exchange, refunds, scratched horses or dogs, dead heats, and distribution of the second race pool. The document also prohibits illegal sales of Twin Trifecta tickets and states that the Twin Trifecta pool is separate from other wagering pools. The Commission has the authority to declare a cap or limit on the accumulated second half pool. This document was effective from September 1987.
Whom does it apply to?
Licensees, bettors, and the Racing Commission in Vermont
What does it govern?
Twin Trifecta wagering conducted under the permission of the Racing Commission in Vermont
What are exemptions?
No exemptions are mentioned
What are the Penalties?
No penalties are mentioned
Jurisdiction
Vermont