Winner's Circle Rules
There’s a whole new world of racing entertainment now available.
Wagering on Winner’s Circle virtual racing is an exciting and fun new way to engage in casino race and sports books. You don’t have to be an expert to make a smart wager.
Fixed odds races are fun to bet on. They can be seen and wagered on when there are not a lot of traditional races being shown.
Pari-mutuel races are offered during periods of high traditional race betting volume, but when there is either a gap in racing content or before and after a traditional race schedule. The advantages of wagering on pari-mutuel virtual races are:
- It’s “pure” for handicapping as the horses run to form. There are no sick days, over-trained or over-run horses, jockeys are all equal, and there are no accidents.
- We offer more wager types on pari-mutuel virtual races than fixed odds virtual races, resulting in exciting exotic pools, daily doubles and progressive “pick (n)” pools.
- The information will help you understand the types of wagers available, the sports on which you can bet, and some of the common term’s sports bettors use.
- We want you to have a good experience. If you have a question, ask a member of the Sports Book staff. They want to help. Don’t hesitate to ask your question.
- Be aware of the different types of bets we offer. Find one you like. Understand what you are betting on, the odds and the amount you wish to wager.
- Betting odds are posted on the video display before each race. But don’t feel you have to stand looking up at them while considering your options. Paper “Race Sheets” are available at the counter, so you can take them back to your seat, your table or your room and strategize your wager. Also, full schedule and handicapping information can be accessed online at TKTKTK.com, or you can download a handy handicapping mobile App , Owner’s Club.
- We provide two types of races to wager on: fixed odds and Pari-mutuel. Fixed odds race results are entirely determined by a Random Number Generator just like a slot machine or a Keno game. Pari-mutuel events happen real time, like traditional horse racing, and similar to video games each horse is competing to win the race. You can handicap these races, and if you are better than other players, improve your chances to win money.
- Any person under the age of 21 cannot place wagers or collect winnings.
- You may only place a wager on your own behalf and may not wager for any other person.
- Customers are responsible for the accuracy of tickets. Check yours before leaving the betting window.
- Tickets will not be altered or voided prior to the start of an event except at the discretion of management and with the approval of both parties.
- Once both parties accept a wager, tickets will not be altered or voided after an event officially begins.
- Wagers may only be rescinded with the approval of the Division of Gaming Enforcement.
- The Race and Sports Book is not responsible for lost, stolen, altered or unreadable tickets. Lost or stolen ticket claims will be paid upon presentation of supporting information or documentation.
- Winning race wagering tickets expire. Make sure you return your ticket in time to collect your winnings. Typically, or retail wagers, sports wagering tickets will be honored for one year after the date of the event. Winning tickets may be mailed in for redemption. Refer to reverse side of wagering ticket for mail-in redemption instructions. The sportsbook is not responsible for tickets not mailed pursuant to instructions on the reverse side of the ticket.
- For retail wagers, identification information is required to be presented at certain thresholds of wagers and payouts in accordance with State and Federal regulations.
- The Race & Sports Book will determine minimum
- and maximum wagers on all race events.
- The Race & Sports Book is not responsible for lost, stolen, altered or unreadable tickets.
- The casino will not accept the past posting of wagers, in such cases the wager may be refunded, or where the outcome of the event is already known, in all such cases the wager will be refunded.
- The casino reserves the right to add, change or delete the payout ratio limits.
- The Race and Sports Book patrons will be notified of odds or line changes in the following manner.
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- Posted odds will be changed automatically on the electronic reader boards.
- Posted odds will be changed manually on handwritten race and sports boards.
- Posted changes will be updated within 10 minutes on the electronic reader boards or the handwritten race and sports boards.
- Non-posted printed media will be updated on a weekly basis with the date of the latest issue.
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Provide the ticket writer with the following information:
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- Track Name
- Race Number
- Amount of each wager*
- Type of wager
- Horse Number(s)
Please be sure that your ticket is correct before you leave the window.
* Total wager for multiple-bet wagers: Key and Box is equal to the number of combination wagers multiplied by your “amount.”
Race Sheets – List of information needed to make wager for a track. Each track will have a separate sheet. Some of the information included are; saddlecloth number, horse, jockey, track conditions, number of participants distance and wagering format for each race.
For fixed odds event, we offer five bet types:
- Win (W)– your horse must finish first, to collect the win payoff
- Place (P)– Your horse must finish either first or second, to collect the place payoff.
- Show (S)– Your horse must finish either first, second, or third, to collect the show payoff.
- Exacta (EX)– You select two horses in one race to finish first and second in the exact order selected. This wager must be placed before the first race involved in the wager.
- Trifecta (TRI) – You must select the first three horses that cross the finish line in exact order in the designated race.
Payoff limits are as follows
Straight Bet
Full track odds on the first $100
Thereafter: Win limits 30-1 Place limits 12-1 Show limits 6-1
Parlays
Win limits 100-1 Place limits 40-1 Show limits 20-1
In the event of a scratch, parlay is reduced to the next lower number of parlays. A scratch in a two-horse parlay becomes a straight wager. Entries and fields go as one, unless deemed no action by the host track.
Daily Double
Full track odds on the first $20
Thereafter: limit 150-1
Entries and fields go as one unless deemed no action by the host track. No consolation daily doubles. If one horse is scratched money will be refunded.
Exactas
Full track odds on the first $20
Thereafter: limit 150-1
Entries and fields go as one unless deemed no action by the host track. If one horse is scratched money will be refunded.
Pick Three
Limit 250-1
In the event of a late scratch in one of the designated pick three races; the bettor will automatically receive a refund. The Race and Sports Book does not recognize consolation pick three payoffs.
Trifecta
Limit 500-1
The Race and Sports Book does not recognize consolation trifecta payoffs.
There are a number of different ways to place a wager on a Pari-mutuel event. As these wagers are pool bets, the casino will not always be offering all of these wagers on a given event, it depends on the expected liquidity for each wager pool.
- Win (W)– your horse must finish first, to collect the win payoff.
- Place (P)– Your horse must finish either first or second, to collect the place payoff.
- Show (S)– Your horse must finish either first, second, or third, to collect the show payoff.
- Daily Double (DD)– You must select the winning horses of two consecutive races designated by the track. The track will usually designate the first two races and sometimes the last two races. Daily Double wagers must be placed before the first race involved in the wager.
- Exacta (EX)– You select two horses in one race to finish first and second in the exact order selected. This wager must be placed before the first race involved in the wager.
- Trifecta (TRI) – You must select the first three horses that cross the finish line in exact order in the designated race.
- Superfecta (SFC) – You must select the first four horses that cross the finish line in exact order.
- Pick 3/ Pick 6 – You must select the winners in a set number of consecutive races. This wager must be made before the first race involved in the wager.
Please check your ticket for accuracy before leaving the betting window. Leaving the window with the ticket is deemed an acceptance of the wager by both parties.
- Tickets will not be altered or cancelled prior to the start of an event except at the discretion of management and with the approval of both parties.
- Once both parties accept a wager, tickets will not be altered or voided after an event officially begins.
Payoffs over $50,000 may be delayed until the next regular banking day.
If a scratch occurs in any pari-mutuel wager, the rules at the respective host track state will apply to the scratched entrants and pools.
All pari-mutuel wagers and payoffs are subject to the rules and regulations of the host track state.
Winning pari-mutuel wagers are paid in accordance with the official results at the track.
Pari-Mutuel wagering tickets will be honored for 1 year after the date of the race event. Vouchers expire one year after date of issuance. Vouchers or winning tickets may be mailed in for redemption. See reverse side of wagering ticket for mail-in redemption instructions. BetMGM is not responsible for tickets not mailed pursuant to instructions on the reverse side of the ticket.
All other non-pari-mutuel house wagering rules apply where not inconsistent with the rules set forth above.
There are a number of different ways to place a wager on a Pari-mutuel event. As these wagers are pool bets, the casino will not always be offering all of these wagers on a given event, it depends on the expected liquidity for each wager pool.
All permitted Pari-mutuel wagering pools shall be separately and independently calculated and distributed. Takeout shall be deducted from each gross pool as stipulated by the Nevada Pari-mutuel Association. The remainder of the monies in the pool shall constitute the net pool for distribution as payout on winning wagers.
Win Pools
The net Win pool shall be distributed as a single price pool to winning wagers in the following precedence, based upon the official order of finish:
- To those whose selection finished first; but if there are no such wagers, then
- To those whose selection finished second; but if there are no such wagers then
- To those whose selection finished third; but if there are no such wagers, then
- The entire pool shall be refunded on Win wagers for that contest.
Place Pools
The net Place pool shall be distributed to winning wagers in the following precedence, based upon the official order of finish:
- As a profit split to those whose selection is included within the first two finishers; but if there are no such wagers on one of those two finishers, then
- As a single price pool to those who selected the one covered betting interest included within the first two finishers; but if there are no such wagers, then
- As a single price pool to those who selected the third-place finisher; but if there are no such wagers, then
- The entire pool shall be refunded on Place wagers for that contest.
Show Pools
The net Show pool shall be distributed to winning wagers in the following precedence, based upon the official order of finish:
- As a profit split to those whose selection is included within the first three finishers; but if there are no such wagers on one of those three finishers, then
- As a profit split to those who selected one of the two covered betting interests included within the first three finishers; but if there are no such wagers on two of those three finishers, then
- As a single price pool to those who selected the one covered betting interest included within the first three finishers; but if there are no such wagers, then
- As a single price pool to those who selected the fourth-place finisher; but if there are no such wagers, then
- The entire pool shall be refunded on Show wagers for that contest.
Exacta Pools
The Exacta requires selection of the first two finishers, in their exact order, for a single contest.
The net Exacta pool shall be distributed to winning wagers in the following precedence, based upon the official order of finish:
- As a single price pool to those whose combination finished in correct sequence as the first two betting interests; but if there are no such wagers, then
- As a profit split to those whose combination included either the first-place betting interest to finish first or the second-place betting interest to finish second; but if there are no such wagers on one of those two finishers, then
- As a single price pool to those whose combination included the one covered betting interest to finish first or second in the correct sequence; but if there are no such wagers, then
- The entire pool shall be refunded on Exacta wagers for that contest.
Trifecta Pools
The Trifecta requires selection of the first three finishers, in their exact order, for a single contest.
The net Trifecta pool shall be distributed to winning wagers in the following precedence, based upon the official order of finish:
- As a single price pool to those whose combination finished in correct sequence as the first three betting interests; but if there are no such wagers, then
- As a single price pool to those whose combination included, in correct sequence, the first two betting interests; but if there are no such wagers, then
- As a single price pool to those whose combination correctly selected the first-place betting interest only; but if there are no such wagers, then
- The entire pool shall be refunded on Trifecta wagers for that contest.
Superfecta Pools
The Superfecta requires selection of the first four finishers, in their exact order, for a single contest.
The net Superfecta pool shall be distributed to winning wagers in the following precedence, based on the official order of finish:
- As a single price pool to those whose combination finished in correct sequence as the first four betting interests; but if there are no such wagers, then
- As a single price pool to those whose combination included, in correct sequence, the first three betting interests; but if there are no such wagers, then
- As a single price pool to those whose combination included, in correct sequence, the first two betting interests; but if there are no such wagers, then
- The entire pool shall be refunded on Superfecta wagers for that contest.
Double Pools
The Double requires selection of the first-place finisher in each of two specified contests.
The net Double pool shall be distributed to winning wagers in the following precedence, based upon the official order of finish:
- As a single price pool to those whose selection finished first in each of the two contests; but if there are no such wagers, then
- As a profit split to those who selected the first-place finisher in either of the two contests; but if there are no such wagers, then
- As a single price pool to those who selected the one covered first-place finisher in either contest; but if there are no such wagers, then
- As a single price pool to those whose selection finished second in each of the two contests; but if there are no such wagers, then
- The entire pool shall be refunded on Double wagers for those contests.
Pick (n) Pools (n = 3 or 6)
The Pick (n) requires selection of the first-place finisher in each of a designated number of contests.
The net Pick (n) 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 (n) contests, based upon the official order of finish.
If there are no such wagers, then:
- A designated percentage of the net pool shall be distributed as a single price pool to those who selected the first-place finisher in the greatest number of Pick (n) contests; and the remainder shall be added to the carryover.
- Where there is no correct selection of the first-place finisher in at least one of the Pick (n) contests, based upon the official order of finish, the day’s net pool shall be refunded and the previous carryover pool amount, if any, shall be carried over to the next scheduled corresponding pool.
Like many sports, race wagering comes with its own specific language. Understanding a few of the terms being thrown around by the experienced bettors will help you better understand how races are bet.
- Across the Board – A bet on a horse to win, place or show. Three wagers combined in one. If the horse wins, the player wins all three wagers, if second, two, and if third, one.
- Also Ran – Any selection not finishing 1st, 2nd, 3rd or 4th in a race or event.
- Back – To bet or wager. A ‘backed’ horse is one on which lots of bets have been placed.
- Box – A wagering term denoting a combination bet whereby all possible numeric combinations are covered.
- Close. – (US) – Final odds on a horse (e.g. ‘closed at 5 to 1’).
- Combination Bet – Selecting any number of horses to finish first and second in either order.
- Cover – The betting result on a point-spread wager. For a favorite to cover, it must win by more than the spread; an underdog covers by winning outright or losing by less than the spread.
- Exotic (wager) – Any wager other than win, place or show.
- Favorite – The expected straight-up winner in a game or event.
- Form – Statistics of previous performance and comment as to the expected current performance of a runner, useful in deciding which runner to bet on.
- Handle – The total amount of money wagered by all customers on a game or event.
- In the Money – Describes the horses in a race that finish 1st, 2nd and 3rd (and sometimes 4th) or the horses on which money will be paid to bettors, depending on the place terms.
- Key Horse – The main expected winning horse used in multiple combinations in an exotic wager.
- Limit – The maximum amount accepted on a single wager.
- Line – The odds posted for a game or event. Odds may change from the opening line to account for the amount of wagers placed on an event.
- Long Odds – More than 10:1.
- Longshot – A team or individual generally thought to be unlikely to win.
- Morning Line – Approximate odds quoted before wagering begins.
- Mutuel Pool or Pool – Short for ‘Parimutuel Pool’. Sum of the wagers on a race or event, such as the win pool, daily double pool, exacta pool, etc.
- Odds – In fixed odds it is the precise chance of a horse winning (adjusted to include a profit). The figure or fraction by which a bookmaker or totalisator offers to multiply a bettor’s stake, which the bettor is entitled to receive (plus his or her own stake) if their selection wins.
- On The Board – Finishing among the first three.
- Out Of The Money – A horse that finishes worse than third.
- Overlay – A horse going off at higher odds than it appears to warrant based on its past performances.
- Pari-mutuel – A form of in which all money bet is divided up among those who have winning tickets, after taxes, takeout and other deductions are made.
- Part Wheel – Using a key horse or horses in different, but not all possible, exotic wagering combinations.
- Pick ‘em – A game or event with no favorite or underdog. The point spread does not come into play.
- Pick Three or Six – A type of wager in which the winners of all the included races must be selected.
- Price – The odds.
- Sharp – A professional, sophisticated sports bettor.
- Speed Rating – a number between 50 and 120 that represents a horse’s relative speed on a track, surface, at a given distance based on their past performances vs. other horses past performances.
- Square – A casual gambler who doesn’t use sophisticated reasoning or extensive knowledge to make a wager.
- Stake – The prize money for the winning horses paid to the owner (eg. trophy or prize money).
- Stakes – The sums of money deposited or guaranteed by the parties to a bet.
- Starting Price – (or SP) – An estimation of odds available when the race starts.
- Take – (Takeout) – Commission deducted from mutuel pools which is shared by the track, horsemen (in the form of purses) and local and state governing bodies in the form of tax.
- Ticket – The betting slip or ticket which is received by the bettor from the bookmaker or totalizator, as proof of his or her wager. The ticket is necessary to collect the dividends.
- Totalizator – The system of betting on races (an automated system that dispenses and records betting tickets, calculates and displays odds and payoffs and provides the mechanism for cashing winning tickets) in which the winning bettors share the total amount bet, minus a percentage for the operators of the system, taxes etc. Synonyms: Tote, Pari-mutuel.
- Underdog – The team least likely to win.
- Wheel – Betting all possible combinations in an exotic wager using at least one horse as the key. See ‘Part Wheel’.