Future Wager Exacta Rules

Derby/Oaks Futures Exacta - General.  The Kentucky Derby/Oaks Futures Exacta described herein is to be conducted consistent with established and approved Official Rules for the Derby and Oaks Futures Wager.  Futures pools are distinguished by the general characteristic that selections of (wagers on) runners which for any reason are ultimately non-starters in the designated Kentucky Derby and/or Kentucky Oaks events are not subject to refunds (return of monies wagered thereon). 

1.     Futures Exacta Rules.

1.1.           "Futures Exacta" requires selection of the first two finishers in exact order in the event on which the pool is based.  "Futures Exacta" will be conducted in a manner consistent with the approved wagering pool known as "Exacta" as defined in KHRC rules and/or the laws of the Commonwealth of Kentucky.

1.2.           "Futures Exacta" pools may be conducted with a minimum of three (3) and a maximum of 24 betting interests.  Such betting interests must include one (1) interest defined as "Mutuel Field" (or "All Others") representing all runners not otherwise named as specific betting interests.  By way of example, a Kentucky Derby "Futures Exacta" pool with 24 betting interests will contain 23 named runners and one (1) "Mutuel Field" interest.

1.3.           All runners in the Mutuel Field of the "Futures Exacta" shall be treated as a "Coupled Entry" for the purposes of determining winning tickets and payouts.  (In the event multiple Mutuel Field runners finish in positions affecting the determination of winning tickets and payouts, the calculation of the $2 payout will be conducted in a manner consistent with the approved method for "Coupled Entries" as contained in KHRC rules and/or the laws of the Commonwealth of Kentucky.  By way of example, with #24 representing the Mutuel Field/All Others, a finish of 1/24/24/24/3 would result in an exacta payout to holders of a 1/24 ticket; a finish of 24/24/24/9 would result in an exacta payout to holders of a 24/9 ticket.)

1.4.           "Dead Heats" will be handled in a manner consistent with the following:

1.4.1.     If there is a dead heat between two (2) horses for first place, the net exacta pool shall be calculated and distributed as a place pool to holders of tickets of the winning combinations. If there is a dead heat between two (2) horses for second place, the exacta pool shall be figured as a place pool, and the holders of tickets combining the winning horse and the two (2) horses finishing second shall participate in the payoff.

1.4.2.     If there is a dead heat for second place, and if no ticket is sold on one (1) of the two (2) winning combinations, the entire net pool shall be calculated as a win pool and distributed to those holding tickets on the other winning combination. If no tickets combine the winning horse with either of the place horses in the dead heat, the exacta pool shall be calculated and distributed as a place pool to holders of tickets representing any interest in the net pool.

 2.      Scratches.  If any betting interest is scratched, declared a non-starter or otherwise officially withdrawn or not entered in the event on which a Futures Pool is based, there will be no refund of monies wagered on that betting interest.

3.      Other Circumstances.  Should circumstances occur which are not foreseen in this section, questions arising shall be resolved in accordance with general pari-mutuel practice and at the reasonable discretion of Churchill Downs Incorporated, with the agreement of the stewards and the KHRC.