Net Pool Pricing Law and Legal Definition
Net Pool Pricing is a method of calculating prices on pari-mutuel races. The payouts are calculated by dividing net amount of winning bets by the net pool. It is different from standard pricing in which the gross amount is taken for calculation.
The following is an example of a state statute (Florida) defining the term:
According to Fla. Stat. § 550.002 (39), "Net pool pricing" means a method of calculating prices awarded to winning wagers relative to the contribution, net of takeouts, to a pool by each participating jurisdiction or, as applicable, site.
Legal Definition list
Related Legal Terms
- Absolute Triple Net Lease
- Absorption Pricing
- Accommodative Monetary Policy
- Ad Colligendum Bona Defuneti
- Advance Pricing Agreement
- Advertising Media Internet
- Affiliate of a Futures Commission Merchant, Commodity Trading Advisor, Commodity Pool Operator or Introducing Broker
- Aging Network
- Base Point Pricing
- Basic Military Route Network