W. Va. Code R. agency 178, tit. 178, ser. 178-05, tbl. 178-5B
NET PRICE CALCULATION
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 | = SI 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 plaee finishers. Finishers split the total profit 1/2 and 1/2 (place profit), divided 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 die total profit 1/3 and 1/3 and 1/3 (show profit), divided by total net amount bet on each show finisher for diree unique unbroken base prices.
W. Va. Code R. agency 178, tit. 178, ser. 178-05, tbl. 178-5B