What does CHRIMS mean in Sports?

California Horse Racing Information Management Systems

CHRIMS is a not-for-profit, mutual benefits organization focused on providing technology solutions for the pari-mutuel gaming industry. They specialize in accounting applications and pari-mutuel settlement outsourcing and provide solutions for managing customer loyalty programs, including facility admissions and patron wager tracking. Accurate calculations of settlements and distributions require the daily processing of conventional and exotic pools by location, association, and type of race. Total amounts retained from the public (takeout & breakage), plus the total amount payable to the public are balanced back to the total track handle. Handle, along with prospective distributions, can be queried and sorted by On-Track, Off-track, and Out of State wagers. Further queries include date ranges, breeds, live, interstate, international, etc... Presently the CHRIMS staff, with our in-house software tools, load, and balance pari-mutuel data daily. The operation of CHRIMS occurs in three phases: Data Acquisition: Each night after racing for the day has concluded, the CHRIMS system electronically and automatically downloads the complete end-of-session reports from each tote company. This is a data stream that 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 the 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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