Nebraska Administrative Code › Topic - RACING COMMISSION, STATE › Title 294 - RULES AND REGULATIONS GOVERNING HORSE RACING › Chapter 23 - PARI-MUTUEL WAGERING › Section 294-23.005 - CALCULATION OF PAYOFFS AND DISTRIBUTION OF POOLS

Current through June 17, 2024
23.005.01 GENERAL
(1) 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.
(2) 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".
(3) A "profit split" calculation shall be
				used to determine a unique profit per dollar for each winning betting interest
				or betting combination when more than one such betting interest or betting
				combination is entitled to a portion of a pari-mutuel pool, except for those
				pari-mutuel pools where the rules specify a single price pool.
(4) Each association shall distribute to the
				holders of winning tickets the next lowest multiple of ten cents for each
				dollar wagered based on the profit per dollar calculation, except in the case
				of a "minus pool".
(5) A minus pool
				exists when the profit per dollar calculation is less than ten cents. When a
				minus pool occurs the association may distribute $ 1.10 for each dollar
				wagered, and shall distribute not less than $ 1.05 cents for each dollar
				wagered.
(6) The odds cents not
				distributed to holders of winning tickets pursuant to rule 23.005.01 subsection
				(4) and (5) shall be referred to as "breakage". Breakage shall be retained by
				the association.
(7) 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.
(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 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.
(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 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.