Pari-mutuel accounting and distributions requires daily processing of conventional and exotic pools by location, association, and type of race.
Total amounts retained from the public (takeout & breakage) added to the total amount payable to the public are balanced back to total track handle. Handle, along with prospective distributions, can be queried and sorted by On-Track, Off-track, and Out of State wagers, all date ranges, breeds, live, interstate, international, etc.. Presently the CHRIMS staff, with the software tools that have been developed by CHRIMS, load and balance pari-mutuel data daily. The operation of CHRIMS occurs in three phases:
Data Acquisition:
Each night following the close of wagering, CHRIMS computers in automatically dial into the three totalizator sytems. The CHRIMS computers electronically download complete end-of-session reports from the three tote computers, a data stream which includes all wagering activity conducted through pools, down to the level of individual teller transactions.
Data Processing:
Each morning, the CHRIMS data staff supervises the compilation of tote data into usable information units (pool-by-pool, site-by-site, handle, takeout, breakage, payout, etc.). This information is then processed using tables prescribing statutory and contractual takeout distribution formulas to produce a new set of information separating pari-mutuel revenue allocations. This processed information is then available electronically to an official auditor for review and archived and made available throughout the system’s network of users.
Information dissemination:
All wagering and takeout information is locked into the system and opened to the CHRIMS network in the form of queried data-sets: Reports detailing the complete breakdown of handle by date, site, pool, type of wagering event, etc. System users may query the database across a variety of parameters to obtain consistent, reliable information for accounting purposes, statistical analysis, confirmation of pari-mutuel receipts due, interstate simulcast settlements, and more.
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