Wagers; Terms and Conditions

Wagers; Terms and Conditions (a) A licensed gaming establishment where a book is located, or an affiliate of one or more of those entities that holds a gaming license, may award player loyalty program points based on wagers placed by a patron, however, such points may only be redeemed in accordance with the rules of the program. (b) The Executive Director may require a book to disclose its betting limits in its house rules and obtain approval from the Executive Director before changing those limits or modifying its house rules; and document and report, in such manner as the Executive Director may approve or require, wagering limits, temporary changes to such limits, or the acceptance of a wager or series of wagers from the same patron that exceeds such limits. The Executive Director shall notify the book, in writing, of the decision to impose such requirements and such decision shall be considered a reviewable administrative decision. (c) A book shall not offer a specialized wagering proposition, or set or move its wagering odds, lines or limits, in an attempt to provide a benefit to a patron. (d) A book shall not set lines or odds, or offer wagering propositions, designed for the purposes of ensuring that a patron will win a wager or series of wagers.