STANDARD PRICE CALCULATION PROCEDURE
SINGLE PRICE POOL(WIN POOL) | Gross pool = Sum of wagers on all betting interest - Refunds. Takeout = Gross pool x percent takeout. Net pool = Gross pool - takeout. Profit = Net pool - Gross amount bet on winner. Profit per dollar = Profit/gross amount bet on winner. $1 unbroken price = profit per dollar + $1. $1 broken price = $1 unbroken price rounded down to the break point. Total payout = $1 broken price x gross amount bet on winner. Total breakage = net pool - total payout | |
PROFIT SPLIT(PLACE POOL) | Profit is net pool less gross amount bet on all place finishers | Finishers split profit frac12; and frac12; (place profit), then divide by gross amount bet on each place finisher for two unique prices. |
PROFIT SPLIT(SHOW POOL) | Profit is net pool less gross amount bet on all show finishers | Finishers split profit 1/3 and 1/3 and 1/3 (show profit), then divide by gross amount bet on each show finisher for three unique prices. |
NET PRICE CALCULATION PROCEDURE
SINGLE PRICE POOL(WIN POOL) | Gross pool = Sum of wagers on all betting interests - refunds. Takeout = gross pool x percent takeout for each source. Net pool = gross pool - takeout. Net bet on winner = gross amount bet on winner x (1 percent takeout). Total net pool = sum of all sources net pools total net bet on winner = sum of all sources net bet on winner. Total profit = total net pool - total net bet on winner. Profit per dollar = total profit/total net bet on winner. $1 unbroken base price = profit per dollar + $1* for each source. $1 unbroken price = $1 unbroken base price x (1 percent takeout). $1 broken price = $1 unbroken price rounded down to the break point. Total payout = $1 broken price x gross amount bet on winner. Total breakage = net pool - total payout. | |
PROFIT SPLIT(PLACE POOL) | Total profit is the total net pool less the total net amount bet on all place finishers. | Finishers split total profit frac12; and frac12; (place profit), then divide by total net amount bet on each place finisher for two unique unbroken base prices. |
PROFIT SPLIT(SHOW POOL) | Total profit is the total net pool less the total net amount bet on all show finishers. | Finishers split total profit 1/3 and 1/3 and 1/3 (show profit), then divide by total net amount bet on each show finisher for three unique unbroken base prices. |
Solo 6, as used in this rule, shall mean the selection of winners in six contests during the course of an official racing program.
Team A's winning margin is | 1-10 points |
11-20 points | |
21-30 points | |
31-40 points | |
41-50 points | |
51-60 points | |
Team B's winning margin is | 1-10 points |
11-20 points | |
21-30 points | |
31-40 points | |
41-50 points | |
51-60 points | |
The two teams tie, and the margin is 0 points | |
In this example, there are 13 separate betting interests | |
If, in this example, finishers representing team A come in 1st and 3rd in one contest, and finishers representing team B come in 2nd and 4th in that contest, team A would have 4+2=6 points and team B would have 3+1=4 points. The current winning margin (after the first contest) would be team A by 2 points |
Horse A - First Place Win: $6.00 Place: $5.60 Show: $2.20 Total Score Equals: Win + Place + Show =13.80 points | Horse B - Second Place Place: $15.60 Show: $4.80 Total Score Equals: Place + Show = 20.40 points | Horse C - Third Place Show: $2.10 Total Score Equals: Place = 2.10 points |
N.M. Admin. Code § 15.2.7.12