LAC 35:XIII.11901
LAC 35:XIII.11901. Series of Wagers
Cite as La. Admin. Code tit. 35, pt. XIII, § 11901
A. The parlay is not a separate mutual pool, it is a series of wagers (consisting of legs) combining wagering entries in win, place or show pools. The initial amount wagered constitutes the wager on the first leg, and if successful, the payout from the first leg constitutes the wager on the second leg, etc.