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PARIMUTUEL BETTING EXPLAINED People who bet on the races or some of them seem to be at sea so far as comprehending the Pari miituel system is concerned Yet it is simplicity itself Also is the reduction of the amounts paid by mutuels to hookmakiiig terms simple In tin first race at Louisville Thursday Ben Howe tickets paid 1310 To ascertain what the equivalent in bookmakiug is all one has to do is to deduct the 5 paid by the bettor for his ticket The 810 re ¬ maining is what he won which would lie S to 5 in hookmakiiig The same process applies to any other tickets ticketsA A vast number of inquiries have come to Daily Kacing Form concerning problems growing out of mutuel betting The trouble is that bettors have grown accustomed to thinking of betting in book makiug terms only Presently they will become familiar witli the new system The queries referred to are too numerous to answer in detail so the foregoing and the following is to answer all allFor For an example the horses mutuel and auction figures as they actually appeared in the second race at Louisville Thursday is given below belowMuTktsSold MuTktsSold Auctn Horses Sir PI Sh Sales Goldproof SalesGoldproof 250 203 301 51 51Apache Apache IS 45 94 1 1Toddy Toddy Hodge 50 lo 184 3 3Minot Minot it o is Ardis 0 10 Harting 24 55 Kiceland 2 5 Shirley Kossuiore 1G 25 58 Xo of tickets sold 40 570 SOS 71 Auction field fieldMutuels Mutuels paid Goldproof 750 straight 720 place 030 show Apache 1700 place 030 show Toddy Hodge 720 show showFrom From the actual figures above arc drawn two examples of calculating straight and place betting bettingStraight Straight Calculation CalculationNumber Number of tickets sold 400 400Which Which at 5 each would make 201500 201500Deduct Deduct u per cent commission 10225 Leaving a balance of 101575 101575Divide Divide 101575 which is the amount of the straight money on Goldproof by 250 the number of tickets on Goldproof this way 250194375750 1702 Goldproof thus pays 750 for each straight ticket or 1 to 2 2Place Place Calculation CalculationTotal Total place tickets sold on race 570 570Cost Cost per ticket 5 Gross place pool 2880 2880Less Less 5 per cent expenses 144 144Xefc 2730Place Xefc pool 2730 Place tickets on Goldproof 203 203Place Place tickets on Apache 40 40Total Total 300 Cost 300Cost per ticket 5 5Total Total amount on place horses 1515 1515This This sum of 1515 must be deducted from the net total of the place pool as follows followsAmount Amount of place pool 2730 2730Amount Amount of place tickets 1545 1545Balance Balance I 1101 1101iDlvide iDlvide this 1191 In half because tickets on two horses divide it leaving 59550 each to be shared by 203 tickets on Goldproof and by 40 for those on Apache Here are the calculations 20350550220 40505501290 520 40 To the alKJve dividends 220 and 1200 should be added the original investment of 5 which has been deducted in the first calculations This makes Goldproof place pay 770 and Apache place 1790 as was telegraphed and published publishedThe The calculation for the thirdplace tickets Is sim ¬ ilar to the foregoing the only difference being that in making It provision must be made for three sets of winning tickets In the pool Instead of two as In the place betting
