W. Va. Code R. agency 178, tit. 178, ser. 178-05, tbl. 178-5A
STANDARD PRICE CALCULATION
SINGLE PRICE POOL (WIN POOL)
gross pool | = sum of wagers on all betting interests - 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 die 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 plaee finishers. Finishers split the profit 1/2 and 1/2 (plaee profit), divided 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 die profit 1/3 and 1/3 and 1/3 show profit), divided by gross amount bet on each show finisher for three unique prices.
W. Va. Code R. agency 178, tit. 178, ser. 178-05, tbl. 178-5A