# How Are Pari Mutuel Payouts Calculated?

How are pari mutuel payouts calculated? The size of the payout is determined at the conclusion of each race, dependent on how the horses placed. The pari-mutuel system means handicappers are betting against each other, not against the house. That being said, horses that are 100/1 win occasionally, meaning a \$2 win bet can pay in excess of \$200.

## How are payouts calculated on pari mutuel betting?

The payouts with pari-mutuel betting will depend on two factors: How many bettors placed a bet on the sporting event. The payouts will only be calculated after betting has closed, which means just before the sporting event gets underway or after the sporting event has started.

## How does pari mutuel work in horse racing?

You’ll notice that there will be a lot more money involved once you actually start using pari-mutuel betting. The house will take a 10% cut from the total pool, amounting to \$120, leaving \$1,080 in the betting pool. Thereafter, the potential payouts for every horse in the race will be calculated.

## Are there any exceptions to the pari mutuel rule?

The only exception to this rule is California, which states that all lottery prizes must be calculated on a pari-mutuel basis. The pari-mutuel calculations used in California are exactly the same as those described above, except that they are applied to all prizes, not just the jackpot.

## How is the Powerball pari mutuel prize calculated?

The jackpot, however, is calculated on a pari-mutuel basis, meaning that the amount each winner receives changes depending on how many tickets were sold for that particular draw and how many other winners there are at the same level.

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