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Florida Administrative Code (Last Updated: April 18, 2024) |
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61. Department of Business and Professional Regulation |
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61D. Division of Pari-Mutuel Wagering |
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61D-7. Auditing |
1(1) The Win pool is the total amount wagered on all betting interests to finish in the first position in a single contest.
24(2) The net Win pool shall be distributed as a single price pool to winning wagers in the following precedence, based upon the official order of finish:
51(a) To those whose selection finished first; if there are no such wagers,
64(b) To those whose selection finished second; if there are no such wagers,
77(c) To those whose selection finished third; if there are no such wagers,
90(d) The entire Win pool shall be refunded for that contest.
101(3) If there is a dead heat for first involving:
111(a) Contestants representing the same betting interest, the Win pool shall be distributed as if no dead heat occurred.
130(b) Contestants representing two or more betting interests, the Win pool shall be distributed as a profit split.
148WIN POOL
150Standard Price Calculation
153Example
154Sum of Wagers on All Betting
160Interests =
162$23,200.00
164Refunds =
166$432.00
167Gross Pool:
169Sum of Wagers on All Betting Interests - Refunds =
179$22,768.00
181Percent Takeout =
18419%
185Takeout:
186Gross Pool × Percent Takeout =
192$4,325.92
194Net Pool:
196Gross Pool – Takeout =
201$18,442.08
203Gross Amount Bet on Winner =
209$788.00
210Profit:
211Net Pool – Gross Amount Bet on Winner =
220$17,654.08
222Profit Per Dollar:
225Profit/Gross Amount Bet on Winner =
231$22.403654
232$1 Unbroken Price:
235Profit Per Dollar + $1 =
241$23.403654
242$1 Broken Price =
246$23.40
247Total Payout:
249$1 Broken Price × Gross Amount Bet on Winner =
259$18,439.20
261Total Breakage:
263Net Pool – Total Payout =
269$2.88
270Specific Authority 272550.0251(3), 273(7), 274550.155(1) FS. 276Law Implemented 278550.0251, 279550.155 FS. 281History–New 10-20-96.
