| (a) The takeout authorized by law is deducted from the total
wagered in the show pool. The balance is the net pool.
(b) The amount wagered in the show pool on the race animals
finishing first, second, and third is deducted from the net pool. The remaining
profits are divided into three equal parts, among the wagers in the show pool
on the winner, the animal finishing second, and the animal finishing third.
(c) With the amount wagered in the show pool on the winner
as a divisor and one-third of the profits of the show pool as a dividend,
the quotient is the profit-per-dollar wagered in the show pool on the winner.
(d) With the amount wagered in the show pool on the animal
finishing second as the divisor and one-third of the profits of the show pool
as the dividend, the quotient is the profit-per-dollar wagered in the show
pool on the animal finishing second.
(e) With the amount wagered in the show pool on the animal
finishing third as the divisor and one-third of the profits of the show pool
as the dividend, the quotient is the profit-per-dollar wagered in the show
pool on the animal finishing third.
(f) The profit-per-dollar wagered is the resultant. Because
the amounts wagered on the animals finishing first, second, and third must
be returned, the amount deducted from the net pool under subsection (b) of
this section is added to the quotient. The result is the payoff price for
each dollar wagered on the animals finishing first, second, and third in the
show pool.
(g) If a race ends in a dead heat for first or second place,
the show pool shall be distributed in accordance with subsections (c)-(e)
of this section. If a race ends in a dead heat for third place, tickets on
the first and second place animals shall be paid in accordance with subsection
(c) and (d) and the remaining third of the show pool shall be distributed
as a profit for split to holders of tickets on any of the animals finishing
in the dead heat for third place.
(h) If no money was wagered in the show pool on an animal finishing
first, second, or third in a race, the show pool shall be distributed as a
profit for split among the holders of the show tickets on the other animals
that finished first, second, or third. If no money was wagered in the show
pool on any of the animals finishing first, second, or third in a race, the
money in the show pool shall be refunded.
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