Code of Massachusetts Regulations › 205 CMR - MASSACHUSETTS GAMING COMMISSION › Title 205 CMR 6.00 - Pari-mutuel Rules for Thoroughbred Racing, Harness Racing, and Greyhound Racing › Section 6.29 - General Calculation of Payoffs and Distribution of Pools

Current through Register 1525, July 5, 2024
(1) The commission deducted by the
			 association from pari-mutuel pools shall not exceed the percentage set by
			 M.G.L. c. 128A and that said percentage of the gross amount of money handled
			 plus any additional amount required by law and the odd cents over any multiple
			 of ten cents winning per dollar wagered. All associations licensed by the
			 Commission to conduct racing under the pari-mutuel or certificate system of
			 wagering must in all cases of a minus pool pay of $1.05 on each dollar wagered.
			 The entire loss resulting from a minus pool shall be borne by the
			 Association.
(2) All permitted
			 pari-mutuel wagering pools shall be separately and independently calculated and
			 distributed. Takeout shall be deducted from each gross pool as stipulated by
			 law. The remainder of the monies in the pool shall constitute the net pool for
			 distribution as payoff on winning wagers. (ARCI c. 9 cal. §
			 A(1))
(3) For each wagering pool,
			 the amount wagered on the winning betting interest or betting combinations is
			 deducted from the net pool to determine the profit; the profit is then divided
			 by the amount wagered on the winning betting interest or combinations, such
			 quotient being the profit per dollar. (ARCI c. 9 cal. § A(2))
(4) Either the standard or net price
			 calculation procedure may be used to calculate single commission pools, while
			 the net price calculation procedure must be used to calculate multi-commission
			 pools. (ARCI c. 9 cal. § A(3))
(a)
Standard Price Calculation Procedure
.
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 ½ and ½ (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. (ARCI c. 9 cal.
				§ A(3)(a))
(b)
Net Price Calculation Procedure
.
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 ½ and ½
				(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. (ARCI c. 9 cal. §
				A(3)(b))