N.J. Admin. Code § 13:70-29.45

Current through Register Vol. 56, No. 21, November 4, 2024

Section 13:70-29.45 - Calculating the pay-off in a show pool

(a) The Commission authorized by law is deducted from the sum total wagered in the "show pool." The balance is called the "net pool."

(b) The sum total of the amount wagered in the show pool on the horses, placed first, second and third is deducted from the "net pool." This gives a remainder which is the profit, or winnings. The said profit is divided into three equal parts; that is, among those who wagered in the show pool on the winner, the second horse and the third horse.

(c) Using the amount wagered in the show pool on the winner "to show" as a divisor and 1/3 of the profits of the show pool, as specified in subsection (b) of this Section, as a dividend, the quotient thus obtained is the profit per dollar wagered in the show pool on the winner "to show."

(d) Using the amount wagered in the show pool on the horse placed second "to show" as a divisor and one-third of the profits, as specified in subsection (b) of this Section, as a dividend, the quotient thus obtained is the profit per dollar in the show pool wagered on the second horse "to show."

(e) Using the amount wagered in the show pool on the horse placed third "to show" as a divisor and one-third of the profits, as specified in subsection (b) of this Section, as a dividend, the quotient thus obtained is the profit per dollar in the show pool wagered on the third horse "to show."

(f) In each of the subsections (c), (d), (e), of this Section the profits per dollar wagered is the resultant. The sums wagered on the horses placed first, second and third must be returned; therefore add to the quotient the dollar taken out of the "net pool" in subsection (b) of this Section. The result is the pay-off price for each dollar wagered on horses placed first, second and third in the show pool.

N.J. Admin. Code § 13:70-29.45