RCI to Host Pari-Mutuel Auditors in June

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Racing Commissioners International (RCI) will host the 2008 Pari-Mutuel Auditors Conference in New Orleans, La., June 24-25.

According to RCI president Ed Martin, “Regulatory auditors from RCI member jurisdictions in the United States, Canada, Mexico, and the Caribbean will meet to discuss technological developments in wagering systems, security and monitoring enhancements, update their auditing techniques and skills, and discuss common problems, challenges, and solutions.”

In 2007, RCI, as part of its continuing education program, reactivated regular meetings of the regulatory pari-mutuel auditors and elevated the group as a formal committee of RCI. The committee is chaired by Carol Olewin of the Texas Racing Commission.

Preliminary topics to be discussed include: cross-jurisdictional wagering; responsibility of stop-bet commands, closing the betting windows, cancel delays; verifying handle from simulcast outlets; cancellation of pari-mutuel tickets; manipulation of odds; policies for ticket refunds; wagering types, such as robotic and account; testing and auditing of tote systems; auditing the security of the tote companies; licensing of tote companies; monitoring the wagering security; wagering transmission protocol; canceled tickets and their impact on pools; qualifications of mutuel managers; mutuel managers no longer on duty during simulcasting; manual entry versus electronic entry of handle from tote systems into jurisdictional databases; terminal interface versus gateway interface into tote systems; third party vendors of wagering terminals; and the industry growth pattern toward Internet account wagering.

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