Oregon Administrative Rules
Chapter 462 - OREGON RACING COMMISSION
Division 200 - PARI-MUTUEL RULES AND REGULATIONS
Section 462-200-0460 - General
Current through Register Vol. 63, No. 3, March 1, 2024
(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.
(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.
Stat. Auth.: ORS 462.270(3)
Stats. Implemented: ORS 462.270(3)