Thursday, July 10, 2008

Mutuals: Segment - 1


MUTUELS


I. Common Pool Wagering
Common or Merged Pool Wagering (Commingling) is the procedure in which a track or a betting network (Guest) merges its mutuel pools with the track (Host) on whose races it is
wagering by linking tote systems.

Benefits of Common Pool Pricing:
Same odds, probables, and payouts as the Host at all network
outlets.Tracks' ability to handle large wagers from individual bettors without grossly affecting the payoffs.

Tracks can offer wagering on multiple race cards, which might not be feasible with Separate Pool Wagering.

Drawbacks of Common Pool Pricing:
-Differences in taxation and take-out levels between Host and Guests. This can be overcome by using Net Pool Pricing.
-Wagering imbalances causing a negative cash flow in settlements between Guest and Host.
Dependence on communication/tote system of partner facility. Aside from system or communication malfunctions which may occur, late final pooltransmissions can lead to odds changes while the race is being run.

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