PURPOSE: This rule sets forth the definitions and calculations of the place pool.

1. (1) The amounts wagered to place on the first two (2) horses to finish are deducted from the net place pool to determine the profit. The profit is divided into two (2) equal amounts; one-half (1/2) of the profit is divided by the amount wagered to place on the first finisher, the quotient being the profit per dollar wagered to place on the first finisher; and one-half (1/2) of the profit is divided by the amount wagered to place on the second finisher, the quotient being the profit per dollar wagered to place on the second finisher. Payoffs include return of amount wagered and profit as to each of the first two (2) finishers.
2. (2) In the event of a dead heat for first between horses representing the same betting interests, the place pool is distributed as if a win pool; if between horses representing two
3. (2) different betting interests, the place pool is distributed as if one (1) betting interest finished first and the other finished second; if between horses representing three (3) different betting interests, the place pool is distributed as if a show pool.

4. (3) In the event of a dead heat for second between horses representing the same betting interest, the place pool is distributed as if no dead heat occurred. If between horses profit is divided in half, with one-half (1/2) allocated for representing two (2) or more different betting interests, the wagers to place on the horse which finished first and the other half divided equally as follows:

   1. (A) One-fourth (1/4) of the profit on the net place pool for wagers to place on each of two (2) horses finishing in a dead heat for second; or
   2. (B) One-sixth (1/6) of the profit for wagers to place on each of three (3) horses finishing in a dead heat for second.
5. (4) In the event the first and second finishers comprise a single betting interest, the place pool is distributed as if a win pool.
6. (5) In the event no place ticket is sold on a horse which finishes first or second, then the horse which finished third shall replace that horse in the distribution of wagers in the place pool. AUTHORITY: section 313.540, RSMo 1986.* Emergency rule filed June 20, 1986, effective June 30, 1986, expired Oct. 13, 1986. Original rule filed Oct. 3, 1986, effective Jan. 12, 1987. *Original authority: 313.540, RSMo 1986.