Okla. Admin. Code § 325:65-9-1
| Single Price Pool (Win Pool) | ||
| gross pool | = | sum of wagers on all betting interests - refunds |
| takeout | = | gross pool × percent takeout |
| For each source: | ||
| net pool | = | gross pool - takeout |
| net bet bet on winner | = | gross amount bet on winner × (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 × (1 - percent takeout) |
| $1 broken price | = | $1 unbroken price rounded down to the break point |
| total payout | = | $1 broken price × 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. | ||
(c) 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.
| Single Price Pool (Win Pool) | ||
| gross pool | = | sum of wagers on all betting interests - refunds |
| takeout | = | gross pool × 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 × 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. | ||
Added at 9 Ok Reg 3201, eff 6-30-92 (emergency)
Added at 10 Ok Reg 3569, eff 7-12-93