NYRA

The New York Racing Association


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Pick Five Rules

1. The Pick-5 requires selection of the first-place finisher in each of five designated, consecutive contests.  The association must obtain written approval from the Commission concerning the scheduling of Pick-5 contests, the designation of the method used, and the amount of any cap to be set on the carryover.  Any changes to the approved Pick-5 format require prior approval from the Commission.

2.  The Pick-5 pool shall be apportioned as follows: the net Pick-5 pool and carryover, if any, shall be distributed as a single price pool to those who selected the first-place finisher in each of the Pick-5 contests, based on the official order of finish.  If there are no such wagers, the net Pick-5 pool would be added to the carryover.

3. If there is a dead heat for first in any of the Pick-5 contests involving:
a) contestants representing the same betting interest, the Pick-5 pool shall be distributed as if no dead heat occurred.
b) contestants representing two or more betting interests, the Pick-5 pool shall be distributed as a single price pool with each winning wager receiving an equal share of the profit.

4. Should a betting interest in any of the Pick-5 contests be scratched, the actual favorite, as evidenced by total amounts wagered in the Win pool at the host association for the contest at the close of wagering on that contest, shall be substituted for the scratched betting interest for all purposes, including pool calculations.  In the event that the Win pool total for two or more favorites is identical, the substituted selection shall be the betting interest with the lowest program number.  The totalisator shall produce reports showing each of the wagering combinations with substituted betting interests which became winners as a result of the substitution, in addition to the normal winning combination.

5. The Pick-5 pool shall be cancelled and all Pick-5 wagers for the individual performance shall be refunded if at least three contests included as part of the Pick-5 are cancelled or declared “no contest.”

6. If at least one contest included as part of a Pick-5 is cancelled or declared “no contest,” but not more than the number specified in subsection 5 of this rule, the net pool shall be distributed as a single price pool to those whose selection finished first in the greatest number of Pick-5 contests for that performance.  Such distribution shall include the proportion ordinarily retained for the Pick-5 carryover but not the carryover from previous performances.

7. Surface Transfer:
a) when the condition of a turf course warrants a change of racing surface to a non-turf course in any of the legs of the Pick-5 races, and such change has not been announced to the public prior to the close of wagering for the Pick-5 pool, that such changed leg, or legs, shall be deemed an “all win” race, or races, for Pick-5 wagering purposes only;

b) such “all win” declaration shall assign the winner of the affected race to each Pick-5 ticket holder as such ticket holder’s selection for such race;
c)  in the event that there was a surface change to a non-turf course in only one of the legs of a Pick-5 wager, then the bettors with four winners of the legs for which there were no surface changes shall share that day’s net pool for such wager as well as any carryover; and
d) in the event that more than one of the races in the Pick-5 wager is changed to a non-turf course, then the bettors who selected all of the winners of the legs for which there were no surface changes shall share that day’s net pool for such wager and shall not share any carryover (any such carryover to be carried over to the next day’s Pick-5 wager pool).

8. The Pick-5 carryover may be capped at a designated level approved by the Commission so that if, at the close of any performance, the amount in the Pick-5 carryover equals or exceeds the designated cap, the Pick-5 carryover will be frozen until it is won or distributed under the other provisions of this rule.  After the Pick-5 carryover is frozen, 100 percent of the net pool which ordinarily would be added to the Pick-5 carryover shall be distributed to those whose selection finished first in the greatest number of Pick-5 contests for that performance.

9. A written request for permission to distribute the Pick-5 carryover on a specific performance may be submitted to the Commission.  The request must contain justification for the distribution, an explanation of the benefit to be derived and the intended date and performance for the distribution.

10. Should the Pick-5 carryover be designated for distribution on a specified date and performance in which there are no wagers selecting the first-place finisher in each of the Pick-5 contests, the entire pool shall be distributed as a single price pool to those whose selection finished first in the greatest number of Pick-5 contests.  The Pick-5 carryover shall be designated for distribution on a specified date and performance only under the following circumstances:
a) Upon written approval from the Commission as provided in subsection 9 of this rule.
b) Upon written approval from the Commission when there is a change in the carryover cap, a change from one type of Pick (n) wagering to another or when the Pick-5 is discontinued.
c) On the closing performance of the meet or split meet.

11. If, for any reason, the Pick-5 carryover must be held over to the corresponding Pick-5 pool of a subsequent meet, the carryover shall be deposited in an interest-bearing account approved by the Commission.  The Pick-5 carryover plus accrued interest shall then be added to the net Pick-5 pool of the following meet on a date and performance so designated by the Commission.

12. With the written approval of the Commission, the association may contribute to the Pick-5 carryover a sum of money up to the amount of any designated cap.

13. Providing information to any person regarding covered combinations, amounts wagered on specific combinations, numbers of tickets sold or number of live tickets remaining is strictly prohibited.  This shall not prohibit necessary communication between totalisator and pari-mutuel department employees for processing of pool data.

14. The association may suspend previously approved Pick-5 wagering with the prior approval of the Commission.  Any carryover shall be held until the suspended Pick-5 wagering is reinstated.  An association may request approval of a Pick-5 wager or separate wagering pool for specific performances.

15. The retention rate for the Pick-5 pool is fifteen percent (15%).