SINGLE PRICE POOL (WIN POOL)
gross pool = sum of wagers on all betting interests - refunds
takeout = gross pool x percent takeout
net pool = gross pool - takeout
profit = net pool - gross amount bet on winner
profit per dollar = profit / gross amount bet on winner
$1 unbroken price = profit per dollar + $1
$1 broken price = $1 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)
Profit is net pool less gross amount bet on all place finishers. Finishers split profit 1/2 and 1/2 (place profit), then divide by gross amount bet on each place finisher for two unique prices.
PROFIT SPLIT (SHOW POOL)
Profit is net pool less gross amount bet on all show finishers. Finishers split profit 1/3 and 1/3 and 1/3 (show profit), then divide by gross amount bet on each show finisher for three unique prices.
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 = $1 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 place finishers. Finishers split total profit 1/2 and 1/2 (place profit), then divide 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 total profit 1/3 and 1/3 and 1/3 (show profit), then divide by total net amount bet on each show finisher for three unique unbroken base prices.
Table 1. Win Pool - Standard Price Calculation
Table 2. Place Pool - Standard Price Calculation
Table 3. Show Pool - Standard Price Calculation
Table 4. Show Pool - Single Takeout Rate & Single Betting Source
Table 5. Double Pool - Standard Price Calculation
Table 6. Double Pool - Consolation Pricing
Table 7. Pick 7 Pool - Multiple Takeout Rates & Multiple Betting Sources
Ariz. Admin. Code § R19-2-523