W. Va. Code R. agency 178, tit. 178, ser. 178-05, tbl. 178-5G

Current through Register Vol. XLI, No. 50, December 13, 2024

Table 178-5G

EXAMPLE: DOUBLE 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 Winning Combination	= $23,872.00
Profit:
Net Pool-Gross Amount Bet on Winning Combination	= $134,316.66
Profit Per Dollar:
Profit / Gross Amount Bet on Winning Combination	= $5.6265357
$1 Unbroken Price:
Profit Per Dollar + $1	= $6.6265357