Section 314.10  General

 

a)         The PPT (perfecta, perfecta, trifecta) requires the selection of the first two finishers in each of two designated contests and the first three finishers of a third designated contest, in exact order.

 

b)         PPT wagers shall be calculated in an entirely separate pool.

 

c)         An organization licensee offering the PPT wager may rename the wager so long as the name adopted by the organization licensee remains the same throughout the race meet.

 

d)         Entries and fields shall be allowed in the two designated perfecta contests without restriction.  Entries and fields shall be allowed in the designated trifecta contest only in accordance with Section 306.20.

 

e)         The minimum field requirements set forth in Section 306.30 for trifectas shall apply to the designated trifecta contest of the PPT.

 

f)         In the event the organization licensee prohibits perfecta wagering pursuant to 11 Ill. Adm. Code 300.80(c), all PPT wagers shall be refunded.

 

g)         Each PPT contest shall be clearly designated in the official program.

 

h)         An organization licensee may offer only one PPT wager per program.

 

(Source:  Amended at 22 Ill. Reg. 2221, effective January 1, 1998)

 

Section 314.20  Pool Distribution

 

The organization licensee shall choose one of the following pool distributions:

 

a)         Method 1, PPT with carryover:  The net PPT pool and carryover, if any, shall be distributed to those who selected the exact winning PPT combinations.

 

b)         Method 2, PPT with carryover and refund:  The net PPT pool and carryover, if any, shall be distributed to those who selected the exact winning PPT combinations.  If there are no such wagers selecting the exact winning PPT combinations, 50% of each PPT wager which represents 50% of the daily gross pool shall be refunded to those holding valid PPT wagers and the remaining 50%, excluding takeout, shall be added to the carryover pool.

 

Section 314.30  Scratches

 

a)         In the event any contestant that is not part of an entry or field is scratched prior to the first designated PPT contest being declared official, all wagers including the scratched betting interests shall be refunded.

 

b)         In the event any contestant that is part of an entry or field is scratched prior to the first designated PPT contest being declared official, the remaining contestants in that entry or field shall remain valid betting interests and no refunds shall be granted.

 

c)         In the event any contestant is scratched after the first designated PPT contest has been declared official, those holding wagers which contain scratched betting interests with exact winning combinations in two of the three PPT contests shall receive a refund.

 

1)         In the event the organization licensee elects method 1 of the pool distribution (Section 314.20(a)), those whose wagering combination contains a scratched betting interest without any winning combinations in two of the three PPT contests shall not receive a refund.

 

2)         In the event the organization licensee elects method 2 of the pool distribution (Section 314.20(b)), those whose wagering combination contains a scratched betting interest without any winning combinations in two of the three PPT contests shall receive a 50% refund only in the event no wager correctly selects the exact winning combination for the entire PPT wager.

 

d)         In the event of a mandatory distribution, those wagers containing a scratched betting interest with exact winning combinations in two of the three PPT contests shall not be subject to a refund, in the event no wager correctly selects the exact winning combination for the entire PPT wager.

 

e)         In the event scratches reduce the number of betting interests below the minimum field requirement for the trifecta contest of the PPT, the daily net PPT pool shall be distributed as a single price pool to those whose combination contains the winning combinations for the two perfecta contests.  If there are no wagers which correctly select the winning combination for both perfecta contests, the daily net pool shall be refunded and the carryover pool, if any, shall be carried to the next racing program.

 

(Source:  Amended at 22 Ill. Reg. 2221, effective January 1, 1998)

 

Section 314.40  Dead Heats

 

In the event of a dead heat in any of the designated PPT contests, all wagers containing the dead heated horses shall be considered winners.  In the event the PPT net and carryover pools are subsequently distributed, those holding wagers containing the winning combinations shall share in a single price pool.

 

Section 314.50  Races Cancelled

 

a)         In the event one of the PPT contests is cancelled, the daily net pool shall be distributed to holders of PPT wagers which correctly select the exact winning combinations for the remaining two PPT contests, as a single price pool.  The carryover, if any, shall be carried forward to the next racing program.

 

b)         In the event two or more of the PPT contests are cancelled, all valid PPT wagers shall be refunded and the carryover, if any, shall be carried forward to the next racing program.

 

(Source:  Amended at 22 Ill. Reg. 2221, effective January 1, 1998)

 

Section 314.60  Mandatory Distribution

 

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

 

b)         The PPT carryover shall be designated for distribution on a specified date and performance only under the following circumstances:

 

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

 

2)         Upon written approval from the State Director of Mutuels when there is a change in the carryover cap or when the PPT is discontinued.

 

3)         On the closing performance of the meet, split meet or successive or intervening race meeting at the same race track of the same horse breed.

 

c)         In the event the PPT carryover pool is designated for distribution on a specific date and performance in which there are no wagers selecting the exact winning PPT combination, the entire pool shall be distributed based on the official order of finish:

 

1)         As a single price pool to those whose combination correctly selected the winning betting interests, in exact order, of the first two PPT contests and the first two finishers, in exact order, of the third PPT contest; but if there are no such wagers, then

 

2)         As a single price pool to those whose combination correctly selected the winning betting interests, in exact order, of the first two PPT contests and the first place finisher of the third PPT contest; but if there are no such wagers, then

 

3)         As a single price pool to those whose combination correctly selected the winning betting interests, in exact order, of the first two PPT contests; but if there are no such wagers, then

 

4)         As a single price pool to those whose combination correctly selected the winning betting interests, in exact order, of the first PPT contest and the first place finisher of the second PPT contest; but if there are no such wagers, then

 

5)         As a single price pool to those whose combination correctly selected the winning betting interests, in exact order, of the first PPT contest; but if there are no such wagers, then

 

6)         As a single price pool to those whose combination correctly selected the first place finisher in the first PPT contest; but if there are no such wagers, then

 

7)         As a single price pool to holders of valid PPT wagers.

 

d)         If, for any reason, the PPT carryover must be held over to the corresponding PPT of a subsequent meet, the carryover shall be deposited in an interest-bearing account approved by the State Director of Mutuels.  The PPT carryover, plus accrued interest, shall then be added to the net PPT pool of the following meet or second portion of a split meet on a date and performance designated by the State Director of Mutuels.