New Jersey Administrative Code
Title 13 - LAW AND PUBLIC SAFETY
Chapter 70 - HORSE RACING
Subchapter 29 - MUTUELS
Section 13:70-29.43 - Calculating the pay-off in a straight pool
Universal Citation: NJ Admin Code 13:70-29.43
Current through Register Vol. 56, No. 6, March 18, 2024
(a) The Commission authorized by law is deducted from the sum total wagered in the straight pool. The balance is called the "net pool."
(b) The amount wagered on the winner is then divided into the "net pool." The quotient thus obtained is the pay-off price on the winner for each dollar wagered, and it includes the dollar wagered on the winner.
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