Mo. Code Regs. Ann. tit. 12, § 50-80.210
Over and Under Payments of Payoffs
Effective Jan 12, 1987section 313.540, RSMo 1986.* Emergency rule filed June 20, 1986, effective June 30, 1986, expired Oct. 13, 1986. Original rule filed Oct. 3, 1986, effective Jan. 12, 1987. *Original authority: 313.540, RSMo 1986Missouri Horse Racing Commission
PURPOSE: This rule sets forth the procedures for over and under payments of payoffs.
- (1) Whenever the recapitulation of the sales registered by each ticket issuing machine subsequently proves that the actual amount in the pool(s) is less than the amount used in calculating the payoffs, the deficiency shall be deposited in the pool(s) by the association.
- (2) Should the recapitulation of sales prove that the actual amount in the pool(s) is greater than the amount used in calculating the payoff due to an error of the totalisator the error resulting in underpayments shall be paid into the corresponding pool of the next race(s) in the amounts as may be determined by the judges and the pari-mutuel manager.
- (3) If this error should occur in computing the daily double pool, the underpayment shall be added to the daily double pool of the following day.
- (4) Overpayments and underpayments subsequently discovered upon recapitulation after the close of a meeting may be adjusted and any underpayment resulting from the final adjustment shall be paid to the commission.
AUTHORITY: section 313.540, RSMo 1986.* Emergency rule filed June 20, 1986, effective June 30, 1986, expired Oct. 13, 1986. Original rule filed Oct. 3, 1986, effective Jan. 12, 1987. *Original authority: 313.540, RSMo 1986.