Section 75-7.010 - Daily Three Pool(1) The Daily Three requires the selection of the first place finishers in each of three consecutive contests. Wagers for the Daily Three must be placed prior to the first of the three consecutive contests and shall be printed on a single ticket.(2) The net Daily Three pool shall be distributed to winning wagers in the following precedence, based upon the official order of finish of each of the three contests comprising the Daily Three:(a) As a single price pool to those whose selection finished first in each of the three contests, if there are no such wagers,(b) As a single price pool to those who selected the first place finisher in any two of the three contests, if there are no such wagers,(c) As a single price pool to those who selected the first place finisher in any one of the three contests, if there are no such wagers,(d) The entire Daily Three pool shall be refunded,(e) If the pool is distributed under the precedents of paragraph (2)(b) or (c), an announcement shall be made to the public as to the possible winning daily three combinations and to hold all possible winning tickets.(3) If there is a dead heat for first in any of the three contests involving:(a) Contestants representing the same betting interest, the Daily Three pool shall be distributed as if no dead heat occurred.(b) Contestants representing two or more betting interests, the Daily Three pool shall be distributed as follows: 1. As a profit split to those whose selection finished first in each of the three contests, if there are no such wagers,2. As a single price pool to those who selected the first place finisher in any two of the three contests, if there are no such wagers,3. As a single price pool to those who selected the first place finisher in any one of the three contests, if there are no such wagers,4. The entire Daily Three pool shall be refunded.(c) If the pool is distributed under the precedents of subparagraph (3)(b)2. or 3., an announcement shall be made to the public as to the possible winning daily three combinations and to hold all possible winning tickets.(4) Prior to the close of the betting period for the first of the Daily Three races, a Daily Three wager may be canceled after leaving the window if the wagering combination includes a scratched runner even if the scratch is a part of a coupled entry.(5)(a) In the event that any betting interest is withdrawn or declared non-starter prior to the start of the first contest of the Daily Three, all money bet on any wagering combination that includes such betting interest shall be refunded. This shall not apply to coupled entries and fields if at least one component of the coupled entry or field remains in the contest.(b) In the event that any betting interest in the second or third contest is withdrawn or declared a non-starter after the Daily Three race has started, the following wagers will be eligible for a consolation payoff: the winner in the first contest with a scratch in the second and third contest; or the winner of the first contest with a scratch in the second or third contests and a winner in the remaining contest. The consolation pool shall be the sum of the amount bet on all Daily Three wagering combinations with scratched betting interests. This amount shall be paid to all eligible consolation winners using the single price method. 1. The total consolation payout identified in paragraph (5)(b), shall be deducted from the net pool and awarded to the eligible consolation winners using the single price calculation method. The remaining net pool shall be available for distribution to the regular winners as specified in subsection (2).2. The permitholder shall advise the public via the public address system that a scratch or scratches have occurred, and the wagers with the scratches shall remain in the pool and compete for a consolation price.(6) If any leg is canceled prior to the start of the first Daily Three race or if the first leg is declared "no race, " the pool will be refunded.(7) If, after the first leg has been declared official, one or both of the subsequent contests are canceled or declared "no race, " the Daily Three pool will remain valid and shall be distributed in accordance with subsection (2) of this rule. DAILY THREE POOL |
Consolation Pricing | |
Example | |
Sum of Wagers on All Betting Interests = | $27,200.00 |
Refunds = | $0.00 |
Gross Pool: | |
Sum of Wagers on All Betting Interests - Refunds = | $27,200.00 |
Percent Takeout = | 20% |
Takeout: | |
Gross Pool x Percent Takeout = | $5,440.00 |
Net Pool: | |
Gross Pool - Takeout = | $21,760.00 |
Consolation Pool: | |
Sum of Amounts Bet on all wagering combinations with scratched betting interest in the second or third contest = | $5,400.00 |
Sum bet on combinations eligible for consolation price = | $800.00 |
Unbroken Consolation Price: | |
Sum of Amounts Bet on all wagering combinations with scratched betting interest in the second or third contest/Sum bet on combinations eligible for consolation price | |
Unbroken Price = | $6.75 |
$1 Broken Price = | $6.70 |
Consolation Liability: | |
$1 Broken Price x Sum bet on combinations eligible for consolation price = | $5,360.00 |
Adjusted Net Pool: | |
Net Pool - Consolation Liability = | $16,400.00 |
Amount Bet on Regular Winners = | $2,200.00 |
Profit: | |
Adjusted Net Pool - Amount Bet on Regular Winners = | $14,200.00 |
Profit Per Dollar: | |
Profit/Amount Bet on Regular Winners = | $6.45454545 |
$1 Unbroken Price: | |
Profit Per Dollar + $1 = | $7.45454545 |
$1 Broken Price = | $7.40 |
Total Payout: | |
$1 Broken Price x Amount Bet on Regular Winners = | $16,280.00 |
Consolation Payout = | $5,360.00 |
Total Breakage: | |
Net Pool - Total Payout = | $120.00 |
Fla. Admin. Code Ann. R. 75-7.010
Rulemaking Authority 550.0251(3), (7), 550.155(1) FS. Law Implemented 550.0251, 550.155(1) FS.
New 10-20-96, Amended 12-15-97, 12-21-03, Formerly 61D-7.010.New 10-20-96, Amended 12-15-97, 12-21-03, Formerly 61D-7.010.