Takeout Rate is the percentage of money withheld by the Jai-alai for itself from the Gross Pool for a wager type. The Net Pool is what is left over from the Gross Pool after deducting the Takeout Rate from the Gross Pool. For example: If there is $2,000 in the Gross Trifecta Pool and the Takeout Rate for the Trifecta wager is 25%, then 25% of the $2,000 Gross Trifecta Pool is deducted from the $2,000 which amounts to $500 to be deducted from the $2,000. This leaves a Net Trifecta Pool of $1,500 to be split up among the bettors with winning tickets. If there are (3) winning $0.50 tickets on the trifecta wager, the $1,500 gets split up 3-ways and each $0.50 winner would get $500, if there were (5) winning tickets each winner would get $300.
Note: The Takeout Rate the Jai-alai keeps for itself goes for operating expenses, state fees, tote company fees, etc. Takeout Rates can be a big impact on payoffs one will receive; lower rates are good for the bettors. Note the difference in takeout rate on the Pick 3, a much more attractive wager at Magic City as it’s 5% lower.
|Wager Type||Magic City|
|Jai-5 (Pick 5)||20||N/A|
|Mighty Ocho (Pick 8)||20||N/A|