W. Va. Code R. agency 178, tit. 178, ser. 178-05, tbl. 178-5E
EXAMPLE: SHOW POOL (Standard Price Calculation)
Sum of Wagers on All Betting Interests | = $194,230.00 |
Refunds | = $1,317.00 |
Gross Pool: | |
Sum of Wagers on All Betting Interests - Refunds | = $192,913.00 |
Percent Takeout | = 18% |
Takeout: | |
Gross Pool X Percent Takeout | = $34,724.34 |
Net Pool: | |
Gross Pool - Takeout | = $158,188.66 |
Gross Amount Bet on 1st place finisher | - $23,872.00 |
Gross Amount Bet on 2nd place finisher | = $12,500.00 |
Gross Amount Bet on 3rd place finisher | = $4,408.00 |
Profit: | |
Net Pool - Gross Amount Bet on 1st place finisher- Gross Amount Bet on 2nd place finisher - Gross Amount Bet on 3rd place finisher | = $117,408.66 |
Show Profit: | |
Profit / 3 | = $39,136.22 |
Profit Per Dollar for 1st place: | |
Show Profit / Gross Amount Bet on 1st place finisher | = $1.6394194 |
$1 Unbroken Price for 1st place: | |
Profit Per Dollar for 1st place + $1 | = $2.6394194 |
Profit Per Dollar for 2nd place: | |
Show Profit / Gross Amount Bet on 2nd place finisher | = $3.1308976 |
$1 Unbroken Price for 2nd place: | |
Profit Per Dollar for 2nd place + $1 | = $4.1308976 |
Profit Per Dollar for 3rd place: | |
Show Profit / Gross Amount Bet on 3rd place finisher | = $8.8784528 |
$1 Unbroken Price for 3rd place: | |
Profit Per Dollar for 3rd place + $I | = $9.8784528 |
W. Va. Code R. agency 178, tit. 178, ser. 178-05, tbl. 178-5E