N.M. Code R. § 15.2.7.12
A. General:
(3) 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.
STANDARD PRICE CALCULATION PROCEDURE
SINGLE PRICE POOL (WIN POOL) Gross pool = Sum of wagers on all betting interest - 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.
SINGLE PRICE POOL
(WIN POOL)
Gross pool = Sum of wagers on all betting interest - 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.
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.
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.
B. Win Pools:
(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:
(3) If there is a dead heat for first involving:
C. Place Pools:
(2) The net place pool shall be distributed to winning wagers in the following precedence, based upon the official order of finish:
(3) If there is a dead heat for first involving:
(4) If there is a dead heat for second involving:
D. Show Pools:
(2) The net show pool shall be distributed to winning wagers in the following precedence, based upon the official order of finish:
(3) If there is a dead heat for first involving:
(4) If there is a dead heat for second involving:
(5) If there is a dead heat for third involving:
E. Double Pools:
(2) The net double pool shall be distributed to winning wagers in the following precedence, based upon the official order of finish:
(3) If there is a dead heat for first in either of the two contests involving:
F. Pick Three Pools:
(2) The net pick three pool shall be distributed to winning wagers in the following precedence, based upon the official order of finish:
(3) If there is a dead heat for first in any of the three contests involving:
G. Pick (n) Pools:
(2) The pick (n) pool shall be apportioned under one of the following methods:
(3) If there is a dead heat for first in any of the pick (n) contests involving:
(5) The pick (n) pool shall be cancelled and all pick (n) wagers for the individual performance shall be refunded if:
(9) Should the pick (n) carryover be designated for distribution on a specified date and performance in which there are no wagers selecting the first-place finisher in each of the pick (n) contests, the entire pool shall be distributed as a single price pool to those whose selection finished first in the greatest number of pick (n) contests. The pick (n) carryover shall be designated for distribution on a specified date and performance only under the following circumstances:
H. Solo 6:
(3) If there is a dead heat for first in any of the solo 6 contests involving:
(9) Should the solo 6 be designated for distribution on a specific date, the unique wager provision of this subsection shall be suspended, and the entire pool shall be distributed as a single price pool to those whose selection finished first in the greatest number of solo 6 contests. The solo 6 carryover shall be designated for distribution on a specific date and performance only under the following circumstances:
(11) Association may suspend previously approved solo 6 wagering with the prior approval of the New Mexico racing commission. Any carryover shall be held until the suspended solo 6 wagering is reinstated.
Solo 6, as used in this rule, shall mean the selection of winners in six contests during the course of an official racing program.
I. Place Pick (n) Pools:
(6) Except as provided in Subparagraph (a) of Paragraph (6) of Subsection H of 15.2.7.12 NMAC, in a dead heat for win between two or more horses, only the horses in such dead heat shall be considered winning horses.
J. Grand Slam Pools:
(2) The grand slam pool shall be apportioned under the following method:
(3) If there is a dead heat for the first in any of the grand slam segments involving:
(4) If there is a dead heat for second and/or third in any of the first three races in a series of four designated grand slam contests involving:
(5) Should a betting interest in any of the grand slam contests be scratched:
K. Quinella Pools:
(2) The net quinella pool shall be distributed to winning wagers in the following precedence, based upon the official order of finish:
(3) If there is a dead heat for first involving:
(5) If there is a dead heat for second involving contestants representing two or more betting interests, the quinella pool shall be distributed to wagers in the following precedence, based upon the official order of finish:
L. Quinella Double Pools:
(2) The net quinella double pool shall be distributed to winning wagers in the following precedence, based upon the official order of finish:
(3) If there is a dead heat for first in either of the two quinella double contests involving:
M. Exacta Pools:
(2) The net exacta pool shall be distributed to winning wagers in the following precedence, based upon the official order of finish:
(3) If there is a dead heat for first involving:
(5) If there is a dead heat for second involving contestants representing two or more betting interests, the exacta pool shall be distributed to ticket holders in the following precedence, based upon the official order of finish:
N. Trifecta Pools:
(2) The net trifecta pool shall be distributed to winning wagers in the following precedence, based upon the official order of finish:
(4) If there is a dead heat for first involving:
O. Supertrifecta Pools:
(2) The net superfecta pool shall be distributed to winning wagers in the following precedence, based upon the official order of finish:
(4) If there is a dead heat for first involving:
(5) If there is a dead heat for second involving:
P. Pentafecta (Super Hi-5):
(3) The net non-carryover pentafecta (super hi-5) pool shall be distributed to winning wagers in the following precedence, based upon the official order of finish:
(7) The net carryover pentafecta (super hi-5) pool shall be distributed to winning wagers in the following order of finish:
(8) Unique winning wager option:
(b) If an association elects to offer the unique winning wager option, the net pentafecta (super hi-5) pool shall be distributed to winning wagers in the following order of precedence, based on the official order of finish:
Q. Twin Quinella Pools:
(2) In the first twin quinella contest only, winning wagers shall be determined using the following precedence, based upon the official order of finish for the first twin quinella contest:
(3) In the first twin quinella contest only, if there is a dead heat for first involving:
(4) In the first twin quinella contest only, if there is a dead heat for second involving:
(5) In the second twin quinella contest only, the entire net twin quinella pool shall be distributed to winning wagers in the following precedence, based upon the official order of finish for the second twin quinella contest:
(6) In the second twin quinella contest only, if there is a dead heat for first involving:
(7) In the second twin quinella contest only, if there is a dead heat for second involving:
R. Twin Trifecta Pools:
(3) In the first twin trifecta contest only, winning wagers shall be determined using the following precedence, based upon the official order of finish for the first twin trifecta contest:
(5) Winning tickets from the first half of the twin trifecta shall be exchanged for tickets selecting the first three finishers of the second half of the twin trifecta. The second-half twin trifecta pool shall be distributed to winning wagers in the following precedence, based upon the official order of finish for the second twin trifecta contest:
(10) If there is a dead heat or multiple dead heats in either the first or second-half of the twin trifecta, all twin trifecta wagers selecting the correct order of finish, counting a betting interest involved in a dead heat as finishing in any dead-heated position, shall be a winner. In the case of a dead heat occurring in:
(15) Should the twin trifecta carryover be designated for distribution on a specified date and performance, the following precedence will be followed in determining winning tickets for the second-half of the twin trifecta after completion of the first half of the twin trifecta:
(17) The twin trifecta carryover shall be designated for distribution on a specified date and performance only under the following circumstances:
S. Tri-Superfecta Pools:
(3) In the first tri-superfecta contest only, winning tickets shall be determined using the following precedence, based upon the official order of finish for the first tri-superfecta contest:
(5) Winning tickets from the first half of the tri-superfecta shall be exchanged for tickets selecting the first four finishers of the second half of the tri-superfecta. The second-half tri-superfecta pool shall be distributed to winning wagers in the following precedence, based upon the official order of finish for the second tri-superfecta contest:
(11) If there is a dead heat or multiple dead heats in either the first or second-half of the tri-superfecta, all tri-superfecta tickets selecting the correct order of finish, counting a betting interest involved in a dead heat as finishing in any dead-heated position, shall be a winner. In the case of a dead heat occurring in:
(16) Should the tri-superfecta carryover be designated for distribution on a specified date and performance, the following precedence will be followed in determining winning tickets for the second half of the tri-superfecta after completion of the first half of the tri-superfecta:
(18) The tri-superfecta carryover shall be designated for distribution on a specified date and performance only under the following circumstances:
T. Twin Superfecta Pools:
(3) In the first twin superfecta contest only, winning wagers shall be determined using the following precedence, based upon the official order of finish for the first twin superfecta contest:
(5) Winning tickets from the first half of the twin superfecta shall be exchanged for tickets selecting the first four finishers of the second half of the twin superfecta. The second-half twin superfecta pool shall be distributed to winning wagers in the following precedence, based upon the official order of finish for the second twin superfecta contest:
(11) If there is a dead heat or multiple dead heats in either the first or second-half of the twin superfecta, all twin superfecta tickets selecting the correct order of finish, counting a betting interest involved in a dead heat as finishing in any dead-heated position, shall be a winner. In the case of a dead heat occurring in:
(16) Should the twin superfecta carryover be designated for distribution on a specified date and superfecta pool of a subsequent meet, the carryover shall be deposited in an interest-bearing account approved by the commission. The twin superfecta carryover plus accrued interest shall then be added to the second-half performance, the following precedence will be followed in determining winning tickets for the second half of the twin superfecta after completion of the first half of the twin superfecta:
(18) The twin superfecta carryover shall be designated for distribution on a specified date and performance only under the following circumstances:
U. Exacta (n) Pools:
(2) The exacta (n) pool shall be apportioned under one of the following methods:
(3) Dead Heats: In the event of a dead heat in any of the exacta (n) contests, the net exacta (n) shall be distributed to winning wagers in the following precedence, based upon the official order of finish, for each exacta contest within the exacta (n) wager:
(4) Scratches: Should a betting interest in any contest of the exacta (n) be scratched or excused from the contest prior to the first exacta (n) contest being declared official, all money wagered on combinations including the scratched betting interest shall be deducted from the exacta (n) pool and refunded.
(5) Cancelled Contests: If any of the exacta (n) contests are cancelled or declared "no contest" prior to the first exacta (n) contest being declared official, the entire exacta (n) pool shall be refunded on exacta (n) wagers for those contests.
(6) Mandatory Distribution: A written request for permission to distribute the exacta (n) carryover on a specific performance may be submitted to the commission. The request shall contain justification for the mandatory distribution, an explanation of the benefit to be derived, and the intended date and performance for the distribution. The association must notify the commission at least 10 days prior to implementation. If the exacta (n) pool cannot be distributed during a designated performance, the mandatory distribution shall resume on the next scheduled mandatory distribution performance.
V. Team Wager Pool:
(4) The team wager pool shall be apportioned under either of the following methods:
(a) Winning Margins Team Wager:
(iii) Example: Points are assigned to each of the first four finishers in each contest (four points for the first finisher down to one point for the fourth finisher, for a total of 10 points awarded in each contest), based upon the official order of finish, with a total of six contests in the team wager, resulting in a total of 60 points in all. The brackets could be designated as:
Team A’s winning margin is 1-10 points 11-20 points 21-30 points 31-40 points 41-50 points 51-60 points Team B’s winning margin is 1-10 points 11-20 points 21-30 points 31-40 points 41-50 points 51-60 points The two teams tie, and the margin is 0 points In this example, there are 13 separate betting interests If, in this example, finishers representing team A come in 1st and 3rd in one contest, and finishers representing team B come in 2nd and 4th in that contest, team A would have 4+2=6 points and team B would have 3+1=4 points. The current winning margin (after the first contest) would be team A by 2 points
Team A’s winning margin is
1-10 points
11-20 points
21-30 points
31-40 points
41-50 points
51-60 points
Team B’s winning margin is
1-10 points
11-20 points
21-30 points
31-40 points
41-50 points
51-60 points
The two teams tie, and the margin is 0 points
In this example, there are 13 separate betting interests
If, in this example, finishers representing team A come in 1st and 3rd in one contest, and finishers representing team B come in 2nd and 4th in that contest, team A would have 4+2=6 points and team B would have 3+1=4 points. The current winning margin (after the first contest) would be team A by 2 points
(b) Team Double Wager
(5) Brackets
(8) Scratches
W. Match Rival Pools:
(2) The choice of which contestants from a contest shall participate in the match rival shall be made as follows:
(3) The net match rival pool shall be distributed to winning wagers in the following precedence, based on the official order of finish:
(4) If there is a dead heat in a contest involving two or more of the contestants in:
(5) If any match rival contest is cancelled or declared no contest;
X. 123Racing Pick (N) Wager Pool:
(14) The distribution of the 123Racing pick-n pool is based on the winning wager(s) in the following order of precedence:
(a) Single winners of the 123Racing pick-n pool
(21) 123Racing pick-n scoring example: Picks that finish first, second, or third in each contest score points allocated by summing the pari-mutuel payouts equivalent to a $2 win, place and show wager, i.e. by summing the official win, place and show pari-mutuel payouts for the contest, as in the following examples:
Horse A - First Place Win: $6.00 Place: $5.60 Show:$2.20 Total Score Equals: Win + Place + Show =13.80 points Horse B - Second Place Place: $15.60 Show: $4.80 Total Score Equals: Place + Show = 20.40 points Horse C - Third Place Show: $2.10 Total Score Equals: Place = 2.10 points
Horse A - First Place
Win: $6.00 Place: $5.60 Show:$2.20
Total Score Equals:
Win + Place + Show =13.80 points
Horse B - Second Place
Place: $15.60 Show: $4.80
Total Score Equals:
Place + Show = 20.40 points
Horse C - Third Place
Show: $2.10
Total Score Equals:
Place = 2.10 points
History of 15.2.7 NMAC:
Pre NMAC History: Material in this part was derived from that previously filed with the commission of public records - state records center and archives as:
NMSRC 67-1, Amendment No. 1, Rule Revisions Adopted by the New Mexico State Racing Commission April 21, 1967 Rules 352 & 380, filed 4/26/1967;
NMSRC 69-1, New Mexico Laws and Rules and Regulations Governing Horse Racing, filed 6/9/1969;
NMSRC 81-1, Rules Governing Horse Racing in New Mexico, filed 12/4/1981;
History of Repealed Material: 15 NMAC 2.7, Horse Racing - Pari Mutuel Wagering, filed 9/15/1995 repealed in its entirety; renumbered, reformatted and replaced by 15.2.7 NMAC, Horse Racing - Pari Mutuel Wagering, to conform to the new NMAC requirements effective 3/15/2001.
Other History: NMSRC 81-1, Rules Governing Horse Racing in new Mexico, filed 12/4/1981 - that applicable portion renumbered, reformatted and amended to 15 NMAC 2.7, Horse Racing - Pari Mutuel Wagering, filed 9/15/1995.
[15.2.7.12 NMAC - Rp, 15 NMAC 2.7.12, 3/15/2001; A, 3/31/2003; A, 9/15/2003; A, 4/14/2005; A, 7/15/2005; A, 11/30/2005; A, 3/30/2007; A, 6/15/2009; A, 12/1/2010; A, 11/1/2011; A, 1/1/2013; A, 9/15/2014; A, 12/16/2016; A, 5/1/2019; A, 12/19/2019]