Section R. 431.2065 - Pool calculations; straight wageringRule 2065. Straight wagering pari-mutuel pools shall be calculated and distributed as follows:
(a) In any race, the win, place, and show pools and payoffs are treated separately and calculated independently of each other.(b) In all pools, the net amount for distribution shall be all sums deposited in the pari-mutuel pool less the track's commission and the breaks as defined in the act.(c) Win pool. The amount wagered on the horse or betting interest which finished first is deducted from the net pool and the balance which remains is profit. The profit is divided by the amount wagered on the horse or betting interest finishing first, such quotient being the profit per dollar wagered to win. Payoff includes return of the amount wagered and the profit thereon. In addition, the following provisions apply to win pools: (i) If there is a dead heat for first involving horses of 2 different betting interests, the win pool is distributed as if a place pool. If the dead heat involves horses of 3 different betting interests, the win pool is distributed as if a show pool.(ii) If no win ticket is sold on the horse which finishes first, the net win pool is distributed to holders of win tickets on the horse finishing second.(d) Place pool. The amounts wagered to place on the first 2 horses to finish are deducted from the net pool to determine the profit. The profit is divided into 2 equal amounts. One half of the profit is divided by the amount wagered to place on the first finisher, such quotient being the profit per dollar wagered to place on the first finisher, and 1/2 of the profit is divided by the amount wagered to place on the second finisher, such quotient being the profit per dollar wagered to place on such second finisher. Payoffs include return of the amount wagered and the profit thereon as to each of the first 2 finishers. In addition, the following provisions apply to place pools: (i) If there is a dead heat for first between horses representing the same betting interest, the place pool is distributed as if a win pool. If the dead heat is between horses representing 2 different betting interests, the place pool is distributed as if 1 betting interest finished first and the other finished second. If the dead heat is between horses representing 3 different betting interests, the place pool is distributed as if a show pool.(ii) If there is a dead heat for second between horses representing the same betting interest, the place pool is distributed as if no dead heat occurred. If the dead heat for second is between horses representing 2 or more different betting interests, the profit is divided in half, with 1/2 allocated for wagers to place on the horse which finished first and the other 1/2 divided equally so as to allocate 1/4 of the profit on the net place pool for wagers to place on each of 2 horses finishing in a dead heat for second, or 1/6 of the profit for wagers to place on each of 3 horses finishing in a dead heat for second.(iii) If the first and second finishers comprise a single betting interest, the place pool is distributed as if a win pool.(iv) If no place ticket is sold on a horse which finishes first or second, then the horse which finished third shall replace that horse in the distribution of wagers in the place pool.(e) Show pool. The amounts wagered to show on the first 3 horses to finish are deducted from the net pool to determine the profit. The profit is divided into 3 equal amounts. One third of the profit is divided by the amount wagered to show on the first finisher, such quotient being the profit per dollar wagered to show on such first finisher; 1/3 of the profit is divided by the amount wagered to show on the second finisher, such quotient being the profit per dollar wagered to show on such second finisher; and 1/3 of the profit is divided by the amount wagered to show on the third finisher, such quotient being the profit per dollar wagered to show on such third finisher. Payoffs include return of the amount wagered and the profit thereon as to each of the first 3 finishers. In addition, the following provisions apply to show pools: (i) If there is a dead heat for first between 2 horses involving different betting interests, or 3 horses involving 3 different betting interests, the show pool is distributed as if no dead heat occurred. If the dead heat for first is between 2 horses involving the same betting interest, 2/3 of the profit is allocated to wagers to show on the coupled betting interest and 1/3 of the profit is allocated to wagers to show on the other horse among the first 3 finishers. If the dead heat for first is between 3 horses involving 1 betting interest, the show pool is distributed as if a win pool.(ii) If there is a dead heat for second between 2 horses involving 2 different betting interests, the show pool is distributed as if no dead heat occurred. If the dead heat for second is between horses involving the same betting interest, 2/3 of the profit shall be allocated to wagers to show on the coupled betting interest and 1/3 of the profit shall be allocated to wagers to show on the horse finishing first; if the dead heat for second is between 3 horses involving 2 or 3 betting interests, 1/3 of the profit is allocated to wagers to show on the horse finishing first and the remaining 2/3 of the profit is divided equally by the number of betting interests finishing in a dead heat for second for proportionate distribution on wagers to show for each such betting interest finishing in a dead heat for second.(iii) If there is a dead heat for third between horses involving the same betting interests, the show pool is distributed as if no dead heat occurred. If the dead heat for third is between horses involving 2 or more betting interests, 2/3 of the profit shall be allocated to wagers to show on the first 2 finishers and the remaining 1/3 of the profit is divided equally by the number of betting interests finishing in a dead heat for third for proportionate distribution on wagers to show for each such betting interest finishing in a dead heat for third.(iv) If the first 3 horses to finish comprise 1 betting interest, the show pool shall be distributed as a win pool. If 2 horses coupled as a single betting interest finish first and second, or first and third, or second and third, 2/3 of the profit shall be allocated to wagers to show on the single betting interest and 1/3 of the profit shall be allocated to wagers to show on the other horse among the first 3 finishers.(v) In the event 1 horse coupled in the betting by reason of being in the mutuel field or part of a mutuel entry finishes first or second and another horse included in the same betting interest finishes in a dead heat for third, the allocation of the show pool profit shall be as follows:(A) One half of the profit shall be allocated to the wagers on such field or entry, 1/3 of the profit for the horse finishing first or second and 1/6 of the profit for the horse finishing in a dead heat for third.(B) One third of the profit for the horse finishing first or second which was not part of the mutuel field or entry.(C) One sixth of the profit for the horse finishing in a dead heat for third with such mutuel field or entry.(vi) If only 2 horses finish, the show pool, if any, shall be distributed as if a place pool. If only 1 horse finishes, the place and show pools, if any, shall be distributed as if a win pool; if no horse finishes, all money wagered on such race shall be refunded upon presentation and surrender of pari-mutuel tickets sold thereon. If no show ticket is sold on a horse which finishes first, second, or third, then the horse which finished fourth shall replace that horse in the distribution of wagers in the show pool.Mich. Admin. Code R. 431.2065
R 431.1001 to R 431.4290 were originally filed on June 20, 1985. The rules were withdrawn and refiled on June 26, 1985