OAR 462-200-0460
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)

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:

(A)

SINGLE PRICE POOL (WIN POOL):
(i)
Gross pool = sum of wagers on all betting interests - refunds;
(ii)
Takeout = gross pool x percent takeout;
(iii)
Net pool = gross pool - takeout;
(iv)
Profit = net pool - gross amount bet on winner;
(v)
Profit per dollar = profit / gross amount bet on winner;
(vi)
$1 unbroken price = profit per dollar + $1;
(vii)
$1 broken price = $1 unbroken price rounded down to the break point;
(viii)
Total pay out = $1 broken price x gross amount bet on winner;
(ix)
Total breakage = net pool - total pay out.

(B)

PROFIT SPLIT (PLACE POOL):
(i)
Profit is net pool less gross amount bet on all place finishers;
(ii)
Finishers split profit 1⁄2 and 1⁄2 (place profit), then divide by gross amount bet on each place finisher for two unique prices.

(C)

PROFIT SPLIT (SHOW POOL):
(i)
Profit is net pool less gross amount bet on all show finishers;
(ii)
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:

(A)

SINGLE PRICE POOL (WIN POOL):
(i)
Gross pool = sum of wagers on all betting interests — refunds for each source;
(ii)
Takeout = gross pool x percent takeout;
(iii)
* for each source:

(I)

Net pool = gross pool — takeout;

(II)

Net bet on winner = gross amount bet on winner x (1 - percent takeout);
(iv)
Total net pool = sum of all sources net pools;
(v)
Total net bet on winner = sum of all sources net bet on winner;
(vi)
Total profit = total net pool - total net bet on winner;
(vii)
Profit per dollar = total profit / total net bet on winner;
(viii)
$1 unbroken base price = profit per dollar + $1 for each source:
(ix)
* for each source:

(I)

$1 unbroken price = $1 unbroken base price x (1 - percent takeout);

(II)

$1 broken price = $1 unbroken price rounded down to the break point;
(x)
Total payout = $1 broken price x gross amount bet on winner;
(xi)
Total breakage = net pool - total payout.

(B)

PROFIT SPLIT (PLACE POOL):
(i)
Total profit is the total net pool less the total net amount bet on all place finishers.
(ii)
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.

(C)

PROFIT SPLIT (SHOW POOL):
(i)
Total profit is the total net pool less the total net amount bet on all show finishers.
(ii)
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.

(4)

If a profit split results in only one covered winning betting interest or combinations it shall be calculated the same as a single price pool.

(5)

Minimum payoffs and the method used for calculating breakage shall be established by the commission.

(6)

The individual pools outlined in these rules may be given alternative names by each race meet licensee, provided prior approval is obtained from the commission.

Source: Rule 462-200-0460 — General, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=462-200-0460.

462‑200‑0010
Pari-Mutuel Rules and Regulations 462‑200‑0020
Minimum Payoff 462‑200‑0030
Breakage and Computation on Each Mutuel Pool 462‑200‑0040
Days Racing Permitted 462‑200‑0050
Underpayment 462‑200‑0060
Identification and Conduct of Mutuel Employees 462‑200‑0070
Closing Wagering and Locking Pari-Mutuel Machines 462‑200‑0080
Totalizator Standards 462‑200‑0090
Totalizator and Tote Board Operations 462‑200‑0100
Public Information 462‑200‑0110
Emergency 462‑200‑0120
Minus Pool 462‑200‑0130
Unclaimed Winnings Account 462‑200‑0140
Daily Racing Program Publishing Requirements 462‑200‑0150
General Provisions 462‑200‑0160
Records 462‑200‑0170
Pari-Mutuel Tickets 462‑200‑0180
Pari-Mutuel Ticket Sales 462‑200‑0190
Pay Out 462‑200‑0200
Advance Performance Wagering 462‑200‑0210
Claims for Payment from Pari-Mutuel Pool 462‑200‑0220
Payment for Errors 462‑200‑0230
Cancelled Contests 462‑200‑0240
Refunds 462‑200‑0250
Coupled Entries and Mutuel Fields 462‑200‑0260
Pools Dependent Upon Betting Interests 462‑200‑0270
Prior Approval Required for Betting Pools 462‑200‑0280
Complaints Pertaining to Pari-Mutuel Operations 462‑200‑0290
Duties of Sending Track 462‑200‑0300
Duties of Authorized Receiving Track 462‑200‑0305
Approval Criteria of the Commission for Authorizing Receiving Tracks 462‑200‑0310
Off-Track Wagering 462‑200‑0320
General Provisions 462‑200‑0330
Intrastate Wagering Approval Orders 462‑200‑0340
Application and Approval of Off-Track Wagering Facilities 462‑200‑0350
Financial Reports 462‑200‑0360
Licenses for Other Employees and Officials at the Off-Track Wagering Facility 462‑200‑0370
General Operations of Off-Track Facility 462‑200‑0390
Surcharges 462‑200‑0400
General 462‑200‑0410
Guest State Participation in Interstate Common Pools 462‑200‑0420
Host State Participation in Merged Pools 462‑200‑0430
Takeout Rates in Interstate Common Pools 462‑200‑0440
Distribution of Takeout and Breakage from Received Interstate Wagering 462‑200‑0450
Hearing in Cases of Alleged Violation of Intra State or Inter State Simulcasting Rules or Statute 462‑200‑0460
General 462‑200‑0470
Win Pools 462‑200‑0480
Place Pools 462‑200‑0490
Show Pools 462‑200‑0500
Double Pools 462‑200‑0510
Pick Three Pools 462‑200‑0520
Pick (n) Pools 462‑200‑0530
Quinella Pools 462‑200‑0540
Quinella Double Pools 462‑200‑0550
Exacta Pools 462‑200‑0560
Trifecta Pools 462‑200‑0570
Superfecta Pools 462‑200‑0580
Twin Quinella Pools 462‑200‑0590
Twin Trifecta Pools 462‑200‑0600
Tri-Superfecta Pools 462‑200‑0610
Twin Superfecta Pools 462‑200‑0620
Place Pic (n) Pools 462‑200‑0635
Show Pick N with Unique Ticket Jackpot 462‑200‑0640
1-2-3 Pick N Pools 462‑200‑0645
Pick (n) Jackpot 462‑200‑0650
Choose (n) Rules 462‑200‑0660
Racing Roulette Win Pool Rules 462‑200‑0665
Pick (n) Position (x) Pools 462‑200‑0670
Racing Roulette Jackpot Pick (n) 462‑200‑0700
Instant Racing 1-2-3 with Pick N
Last Updated

Jun. 8, 2021

Rule 462-200-0460’s source at or​.us