23 CAR § 357-606 – Steps in calculating the payoff in a show pool

(a)
1. (1) The commission authorized by law is deducted from the sum total wagered in the show pool.
2. (2) The balance is called the "net pool".
(b)
1. (1) The sum total of the amount wagered in the show pool on the horses placed first, second, and third is deducted from the net pool.
2. (2) This gives a remainder, which is the profit or winnings.
3. (3) The said profit is divided into three (3) equal parts among those who wagered in the show pool on the:
  1. (A) Winner;
  2. (B) Second horse; and
  3. (C) Third horse.
(c) Using the amount wagered in the show pool on the winner to show as a divisor and one-third (1/3) of the profits of the show pool as specified in subsection (b) of this section as a dividend, the quotient thus obtained is the profit per dollar wagered in the show pool on the winner to show.
(d) Using the amount wagered in the show pool on the horse placed second to show as a divisor and one-third (1/3) of the profits as specified in subsection (b) of this section as a dividend, the quotient thus obtained is the profit per dollar wagered in the show pool on the second horse to show.
(e) Using the amount wagered in the show pool on the horse placed third to show as a divisor and one-third (1/3) of the profits as specified in subsection (b) of this section as a dividend, the quotient thus obtained is the profit per dollar in the show pool wagered on the third horse to show.
(f)
1. (1) In each of subsections (c), (d), and (e) of this section, the profit per dollar wagered is the resultant.
2. (2) The sums wagered on the horses placed first, second, and third must be returned, therefore add to the quotient the dollar taken out of the net pool in subsection (b) of this section.
3. (3) The result is the payoff price for each dollar wagered on horses placed first, second, and third in the show pool.