Multiple Wagers

Multiple Wagers (a) A book and its employees and agents shall not knowingly allow, and each book shall take reasonable steps to prevent, the circumvention of Rule 3.5 by multiple wagers within its designated 24-hour period with a patron or by the use of a series of wagers that are designed to accomplish indirectly that which could not be accomplished directly. As part of a book’s efforts to prevent such circumventions relative to Rule 3.5 a book shall establish and implement wagering multiple transaction logs. (b) Each book shall record in a wagering multiple transaction log all nonpari-mutuel wagers in excess of $5,000, or in smaller amounts that aggregate in excess of $5,000 when any single officer, employee, or agent of the book has actual knowledge of the wagers or would in the ordinary course of business have reason to know of the wagers between the book and a patron or a person who the book knows or has reason to know is the patron’s confederate or agent. This record shall be made for nonpari-mutuel wagers occurring during a designated 24-hour period, within a monitoring area. (c) Each log entry in a wagering multiple transaction log shall be made by the employee accepting or approving the wager, immediately after accepting the wager, and shall include at a minimum: 1. Description of the patron (or suspected agent), which may include such identifiers as age, sex, race, eye color, hair, weight, height and attire, if the person is present when the wager is accepted; 2. Patron’s name (or suspected agent’s name), if known; 3. Window number or other identification of the location where the wager occurred; 4. Time and date of the wager; 5. Dollar amount of the wager; and 6. Signature or electronic signature of person accepting or approving the wager. One log shall be maintained for each monitoring area, for each designated 24-hour period. A log is completed for each 24-hour period regardless of whether any nonpari-mutuel wagers occurred. At the conclusion of each designated 24-hour period, the last entry on the log shall be an indication that the end of the designated 24-hour period has occurred. A book shall not implement alternative procedures or records to comply with this subsection without the written approval of the Executive Director. (d) Each book shall aggregate all nonpari-mutuel wagers in excess of $5,000 or smaller amounts when any single officer, employee, or agent of the book has actual knowledge of the wagers or would in the ordinary course of business have reason to know of the wagers between the book and a patron or a person who the book knows or has reason to know is the patron’s confederate or agent during a designated 24-hour period within a monitoring area. (e) Before completing a wager that, when aggregated with other wagers pursuant to subsection d, will aggregate to an amount that will exceed $10,000, the book shall complete the identification and recordkeeping requirements described in subsection (a) of Rule 3.5. When aggregated wagers exceed $10,000, the book shall complete the recording and reporting requirements of