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Mutual Records (updated through 2015 season) Wager $2 Win Payout $224.40 Date 07×09/14 Horses Name’s) Far Fly $2 Place $90.40 06×14/06 Endless Endeavor (2nd) Jose Cameo Joyce Reece $2 Show $59.60
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How to fill out mutuel records
How to Fill Out Mutuel Records:
01
Start by gathering all the necessary information, such as the date, race track, and race number.
02
Record the names of the horses participating in the race, along with their respective post positions.
03
Note the odds for each horse, which can be found in the program or betting board.
04
In a separate column, write down the amount of money wagered on each horse.
05
Track the final payouts for each horse, including the win, place, and show amounts.
06
Calculate the total amount of money wagered by all bettors on the race.
07
Calculate the track takeout, which is the percentage of each wager that goes towards the track's operating costs.
08
Subtract the track takeout from the total amount wagered to determine the mutuel pool.
09
Finally, distribute the mutuel pool among the winning bettors based on their respective payouts.
Who Needs Mutuel Records:
01
Horse racing tracks and organizations need mutuel records to accurately track the betting activity and handle payouts.
02
Professional and recreational bettors rely on mutuel records to assess the betting trends and make informed wagering decisions.
03
Regulators and auditing agencies use mutuel records to ensure fair play and detect any potential fraudulent activities in the betting system.
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What is mutuel records?
Mutuel records are records of betting transactions at a racetrack.
Who is required to file mutuel records?
The racetrack operator is required to file mutuel records.
How to fill out mutuel records?
Mutuel records are typically filled out electronically or in paper form, documenting details of each betting transaction.
What is the purpose of mutuel records?
The purpose of mutuel records is to accurately track and report betting activity at a racetrack for regulatory and financial purposes.
What information must be reported on mutuel records?
Mutuel records must include details such as the date, time, amount bet, type of bet, and payout of each betting transaction.
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