In pari-mutuel betting, when so much money is bet on a horse (usually to show) that the pool is insufficient to pay the holders of winning tickets. The track is required to make up the difference from its own funds.
a mutual pool caused when one horse is so heavily wagered on, that after deductions of state tax and commission, there is not enough money left to pay the legally prescribed minimum on each winning bet.
In pari-mutuel wagering, when after the take is extracted, there is not enough money left to pay winning patrons the minimum pay-out. The track must then make up the difference
A mutuel pool caused when a horse is so heavily played that, after deductions of state tax and commission, there is not enough money left to pay the legally prescribed minimum on each winning bet. The racing association usually makes up the difference.
When an outstanding horse is so heavily played that, after the deduction of the state tax and commission, not enough money remains in the pool to pay off the legally prescribed minimum, it is called a minus pool and the racing association makes up the difference.
Mutuel betting situation that occasionally develops when so much money is bet on one horse that the balance of the pool (amount bet) is insufficient to pay off at five to 10 cents on the dollar, as required by state law or commission rules. The track must then make up the deficit.