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Pari-Mutuel Betting Supervision Regulations

Version of section 113 from 2011-08-19 to 2017-02-01:

  •  (1) For the purpose of this section, an overpayment is the amount of money paid out to the holder of a winning ticket that is in excess of the correct pay-out price, and an underpayment is the amount of money paid out to the holder of a winning ticket that is less than the correct pay-out price.

  • (2) Subject to subsection (3), no association shall offset any overpayment by an underpayment.

  • (3) The Executive Director may approve the offsetting of an overpayment by an underpayment within the same race where the overpayment and the underpayment arise from the same cause.

  • (4) An association shall add all money resulting from an underpayment to a pari-mutuel pool, not later than one year after the day on which the underpayment was incurred.

  • (5) Where underpayments are added to a pool, they shall be added to the net pool.

  • SOR/93-255, s. 3
  • SOR/2003-218, s. 35
  • SOR/2011-169, s. 62
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