NYRA WAGERING
   
  TYPES OF WAGERS
 
“Win” Horse must finish first.
“Place” Horse must finish first or second.
“Show” Horse must finish first, second, or third.
“Daily Double”Select the winners of two consecutive races.
“Exacta” Select the horses that finish first and second in exact order.
“Quinella”Select the horses that finish first and second in any order.
“Trifecta” Select the first three horses in exact order.
“Superfecta”Select the first four horses in exact order.
“Pick 3Select the winners of three consecutive races.
“Pick 4”Select the winners of four consecutive races.
“Pick 6 Select the winners of six conseutive races.
“Grand Slam”Select a horse to finish either first, second or third in three consecutive races and then the official winner in the next race.
   
   
  COMBINATION WAGERS
 

 

“Across the Board” Equal bets to win, place and show on a single horse.
“Box”When you “box” a bet, you win if your selected horses finish in the required positions in any order. For example, an Exacta is the 1-2 order of finish, while a Trifecta is the 1-2-3 order of finish.
Exacta Box $2 Bet Trifecta Box $2 Bet
3 Horses12.00 3 Horses12.00
4 Horses24.004 Horses48.00
5 Horses40.005 Horses 120.00
6 Horses60.006 Horses 240.00
“Parlay”Combine at least two races up to a maximum of six races, consecutive or non-consecutive, using Win, Place or Show bets on a parlay betting slip. You collect only if all selections win.
“Wheel”A wheel combines one “key” horse with all other horses in the race. An Exacta Wheel #3 “with all” covers all seven combinations in an eight-horse field (3-1, 3-2, through 3-8) and the total cost of a $2 bet is $14. In this example, if #3 wins the race, the bettor is guaranteed to win the Exacta.
A “partial” wheel allows the bettor to select some, but not all of the available combinations with their key selection. An Exacta Partial Wheel #3 with 4, 6, and 8 results in a winning ticket only if #3 wins and the 4, 6, or 8 finish in the place position. The cost of this $2 bet would be $6.
   
  NEW YORK PICK WAGERING RULES
 
“Pick 3” A late scratch, before the first leg of a Pick 3 wager, results in a refund. In the event of a late scratch after the first leg of a Pick 3 wager, a consolation payoff is distributed to bettors with winners in the other two legs of the bet.
“Pick 4" In the event of a late scratch, the bettor receives the actual betting favorite. There is a mandatory payout of this wagering pool daily.
“Grand Slam” In the event of a late scratch in any leg of the Grand Slam, the bettor receives the actual betting favorite. Place or show wagering must be available in any of the first three legs of the wager for a horse to qualify as a winning selection by finishing either second or third. For example, a horse that finished third in a race with no show wagering is not a winning selection. The Grand Slam will be offered on Race 5 when NYRA has a 9-race card; on Race 6 during a 10-race card.
“Pick 6” In the event of a late scratch, the bettor receives the actual betting favorite. There is no mandatory payout of the Pick 6 pool unless it is closing day of a race meeting. Bettors selecting all six winners in the Pick 6 sequence share in 75 percent of the net wagering pool, while the remaining 25 percent is always paid as a consolation or minor prize. In the event no bettor selects all six winners, there is a carryover pool to the next day of racing.
Pick 4 and Pick 6 In the event that the race comes off the turf after the close of wagering, all selections in the race are guaranteed winners.
   
  HOW TO PLACE A WAGER
 

State the AMOUNT of the wager.
State the TYPE of wager
State the NUMBER(S) of your selection(s), using the official program.
Minimum bet is $1 on all wagers except a $2 minimum on Pick 6 bets.

Self Service Wagering
Self-automated touch-betting machines are quick, easy to use and conveniently located throughout the track.. Just insert a betting voucher, winning mutuel ticket, NYRA Cash Card or NYRA REWARDS card and enjoy the convenience and privacy of do-it-yourself wagering.

$2 WIN PAYOFFS
ODDS PAYS
3-53.20
1-1 4.00
3-2 5.00
8-5 5.20
2-1 6.00
5-27.00
3-1 8.00
7-2 9.00
4-110.00
10-122.00
   
   
  TAKEOUT INFORMATION
 
Takeout (percentage of each dollar wagered retained by racetrack)
15% Win, Place and Show (lowest in the nation)
17.5% Daily Double, Exacta, and Quinella (lowest in the nation)
15% Pick 6 on non-carryover days.
25% Pick 6 on carryover days, Pick 3, Pick 4, Trifecta, Superfecta.

The New York Racing Association Inc. is not responsible for ticket sales not completed before mutuel machines are locked. No adjustments, including cancellations, will be made after the customer has left the window. IRS taxable tickets cannot be cashed for guests who do not provide evidence of a social security number and a picture ID.
   
   
  NET POOL PRICING
  The New York Racing Association is now calculating its pari-mutuel pools using a Net Pool Pricing model effective immediately. The 30 percent withholding tax on foreign winning pari-mutuel wagers was recently eliminated by the United States to enable the large amount of money wagered outside the country to be commingled. The change in pricing models permits countries such as Canada, England and others to commingle wagers into New York pools despite different legal deductions, takeouts, breakage and currency.

Net Pool Pricing allows each participating jurisdiction to abide by its mandated takeout rates without affecting the remainder of the network. For example, if a wagering site has a higher takeout than the host track, its payouts are lower. Conversely, a wagering site offering a lower takeout distributes higher payouts than the host track.

For New York fans, Net Pool Pricing will affect the way prices are calculated, but there will be no changes in prices under single-priced pools such as Win, Exacta, Trifecta and Pick Six. But, in multi-priced pools such as Place and Show, longshots may pay a little more while favorites may pay a little less. Fans will no longer be able to calculate prices from the pools listed on the toteboard because of the additional international variables that affect the algorithm.

Net Pool Pricing has been used successfully for years. American customers betting on the 1996 Breeders' Cup at Woodbine Racetrack in Toronto received mutuel information calculated by Net Pool Pricing. Woodbine, Arlington Park, and Emerald Downs have already moved to the Net Pool Pricing model.


NET POOL PRICING

The 30 percent withholding tax on foreign winning pari-mutuel wagers was eliminated by the United States to enable the large amount of money wagered outside the country to be commingled. For further expansion to occur, one of the requirements is to change to the tote calculating package that is most commonly used in the United States. This upgrade to Net Pool Pricing (NPP) enables U.S. tracks to deal with foreign tax rates and currency values.

Net Pool Pricing allows each jurisdiction participating in the pool to offer different retention rates (also known as takeout rates) than the host track should they elect or be regulated to do so. For example, if a participant chooses to use a higher takeout than the host track, they will have proportionately less weighting in the commingled pool than wagers with a lower takeout rate. Therefore, jurisdictions using a higher retention offer a lower payout to their customers and the remainder of the network is not affected. This also would work the other way should the participant use a lower takeout, and their respective prices would be higher than the host track.


FREQUENTLY ASKED QUESTIONS
Q: Why is NYRA changing to Net Pool Pricing in order to commingle wagers from Canada?
A: Since some countries such as Canada have different legal deductions, takeouts, breaks and currency, Net Pool Pricing is needed to combine their wagers and accurately calculate prices throughout the network.

Q: Will changing to Net Pool Pricing affect the way prices are calculated?
A: Yes, the algorithm used to calculate the prices is different under Net Pool Pricing. You should see little to no changes in prices under single priced pools such as Win, Exacta and Trifecta. Longshots tend to pay a little more and favorites tend to pay a little less in multi-priced pools such as Place and Show.

Q: Why can’t I hand calculate the prices from the pool values on the tote board?
A: Since Net Pool Pricing uses a complex algorithm to calculate the prices there are many other variables that affect the calculation of the price which are not displayed on the tote board.

Q: Has Net Pool Pricing Been Proven to Work?
A: Yes, Canadian racetracks have been using Net Pool Pricing since the Breeders’ Cup was hosted by Woodbine in 1996. Customers betting on Woodbine in the U.S. have already been exposed to this calculation method. Many states have since adopted Net Pool Pricing in their regulations including the RCI Model Rules.

Q: Is Net Pool Pricing more susceptible to minus pools?
A: Due to the nature of the algorithm used in Net Pool Pricing on a split pool such as Place or Show, a heavy favorite will not drive the value down on the remaining runners as much as it does using the standard pricing method. This may result in the favorite paying $2.10 and the other horses paying more, which is generally more favorable to the betting public. The negative break is then attributed to the wager and that association who bet down the favorite.

Q: How can pools from two different currencies be merged together?
A: Net Pool Pricing allows for pools in different currencies to be merged together by applying a daily exchange rate before the foreign currency enters the pools and again to the prices before being paid to the public.
   
   
  BREAKAGE
  $2.10 to 9.99 payoff, break to 10 cents; $10 to 49.99 payoff, break to 20 cents; $50 to 499.99 payoff, break to 50 cents; $500 and up, break to $1.00.