Pari-Mutuel Betting Supervision Regulations

119 (1) In calculating the pay-out price of any pool, including any pool that is a combination of corresponding pools, in foreign race inter-track betting, foreign race separate pool betting, inter-track betting or separate pool betting, an association may

• (a) use the gross pricing method, where a single set of legal percentages is deducted from the total pool to determine the net pool; or

• (b) use the net pricing method where a single set of legal percentages or different sets of legal percentages are deducted from the total pool to determine the net pool.

(2) In calculating the pay-out price of any pool, an association shall

• (a) add the value of all bets made on that pool to determine the pool;

• (b) subtract from the result obtained under paragraph (a) the amount of any bets made that the association is required to make available for refund; and

• (c) deduct the legal percentages from the result obtained under paragraph (b) to calculate the net pool in accordance with subsection (1).

(3) Subject to subsections (5) and (6), for the calculation of the pay-out price of any pool, an association using the gross pricing method shall make the applicable calculations set out in sections 120 to 142.

(4) Subject to subsections (5) and (6), for the calculation of the pay-out price of any pool, an association using the net pricing method shall make the applicable calculations set out in sections 120 to 147 and

• (a) the value of the bets made on the winning horse, horses or combination, as the case may be, shall be the net value, determined by multiplying the value of those bets by the association’s net factor that is applicable to those bets; and

• (b) the value of the pay-out price for each bet made on the winning horse shall be determined by multiplying the price that results from the applicable calculation done in accordance with sections 120 to 147, before the price is converted to a multiple of $.05 pursuant to subsection 204(6) of the Act, by the association’s net factor that is applicable to each winning bet.

(5) Where the calculation of the pay-out price of any pool involves two or more horses of an entry or mutuel field, an association shall, in calculating that pay-out price

• (a) for the purpose of apportioning the calculating pool, divide the calculating pool among all the horses entitled to it, treating, in the division, the horses of the entry or mutuel field so entitled as if they were separate horses; and

• (b) for the purpose of determining the share of the calculating pool applicable to the entry or mutuel field, combine the portions of the calculating pool to which the horses of the entry or mutuel field referred to in paragraph (a) are entitled.

(6) Where the calculation of the pay-out price of a win, place or show pool involves any horse that finishes in a dead heat in any of the first three positions in the official result, an association shall, for the purpose of reflecting the dead heat in the calculation of the applicable pay-out price, divide the portion of the calculating pool applicable to the dead heat equally among the horses that finished in the dead heat on which bets were made.