W. Va. Code R. agency 178, tit. 178, ser. 178-05, tbl. 178-5H
Current through Register Vol. XLI, No. 50, December 13, 2024
EXAMPLE: DOUBLE POOL, CONSOLATION PRICING
| 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 |
| Consolation Pool: Sum Total Amount Bet on winner of the first contest with all second contest betting interests | = $43,321.00 |
| $1 Consolation Unbroken Consolation Price: Net Pool / Consolation Pool | = $3.6515468 |
| $1 Consolation Broken Price | = 3.65 |
| Amount Bet on winner of the first contest with scratched betting interests: | = $1,234.00 |
| Consolation Liability: $1 Consolation Broken Price x (Amount Bet on the winner of the first contest with scratched betting interests) | = $4,504.10 |
| Adjusted Net Pool: Net Pool - Consolation Liability | = $153,684.56 |
| Gross Amount Bet on the Winning Combination | = $23,872.00 |
| Profit: Adjusted Net Pool - Gross Amount Bet on the Winning Combination | = $129,812.56 |
| Profit Per Dollar: Profit / Gross Amount Bet on the Winning Combination | = $5.4378586 |
| $1 Unbroken Price: Profit Per Dollar+ $1 | = $6.4378586 |
W. Va. Code R. agency 178, tit. 178, ser. 178-05, tbl. 178-5H