Minnesota Legislature
Office of the Revisor of Statutes
Minnesota Administrative Rules
7873.0187 GRAND SLAM.
Subpart 1.
Scope.
The grand slam is a form of pari-mutuel wagering that requires the selection of the official first-, second-, or third-place finisher in each of the first three races in a series of four designated grand slam races in a single day. A completed winning grand slam wager requires the selection of the official first place finisher in the fourth and final event in the same series of races.
Subp. 2.
Price of tickets.
Grand slam tickets must be sold singly in not less than 50-cent denominations.
Subp. 3.
Ticket is evidence of binding contract.
A grand slam ticket shall be evidence of a binding contract between the holder of the ticket and the racing association and the ticket shall constitute an acceptance of the grand slam wager provisions and rules.
Subp. 4.
Scratches.
If a designated grand slam selection is scratched or declared a nonstarter, the actual favorite as evidenced by the amounts wagered in the win pool at the time wagering closes will be substituted for the nonstarting selection.
Subp. 5.
Calculation of pool.
The net grand slam pool shall be distributed from a single betting pool to participants who selected the first-, second-, or third-place finisher in the first three races of a series of four grand slam races completing a winning wager with the selection of the first place finisher in the fourth and final grand slam event in the same series, based upon the official order of finish. If there are no winning wagers taking into account all four segments of the grand slam wager, then the pool shall be distributed as a single betting pool to those who selected the first place finisher in the fourth and final grand slam event in this series of races along with the greatest number of first-, second-, or third-place finishes, each of which had an accompanying show pari-mutuel payout, in each of the first three races in the series of four grand slam designated races.
Subp. 6.
Dead heats for first in any of grand slam races.
If two or more betting interests dead heat for first in any of the selected grand slam races, the grand slam pool shall be distributed from a single betting pool with a winning wager including each betting interest participating in the dead heat provided each entrant has a pari-mutuel show payout within its race.
Subp. 7.
Dead heats for second or third in any of first three races in a series of four designated grand slam contests.
If two or more betting interests dead heat for second or third, then the grand slam pool shall be distributed from a single betting pool with a winning wager, including the betting interest that finished first or any betting interest involved in the dead heat for second or third, providing the horse has a show pari-mutuel payout.
Subp. 8.
Cancellation of grand slam.
If at least two contests included as part of a grand slam wager are canceled, declared "no contest," or scratched down to fewer than five betting interests following the start of the day's racecard, then the grand slam pool shall be canceled and all grand slam wagers for the individual performance shall be refunded.
Subp. 9.
Single race canceled or declared no contest.
If at least one race included as part of a grand slam wager is canceled, declared "no contest," or scratched down to fewer than five betting interests following the start of the day's racecard, then the net pool shall be distributed from a single betting pool to those bettors whose selections finished first, second, or third in the greatest number of grand slam contests in the first three races in a series of four designated grand slam contests. In determining a pari-mutuel distribution under this subpart, a finish of first in the final and fourth designated grand slam contest race for the performance in question shall have the same weight as a finish of first, second, or third in the greatest number of grand slam contests in the first three races in a series of four designated grand slam contests.
History:
41 SR 1322
Published Electronically:
June 8, 2017
Official Publication of the State of Minnesota
Revisor of Statutes