PURPOSE: This rule sets forth the definitions and calculations of the exacta or perfecta pool.

1. (1) The exacta pool is a contract by the purchaser of a ticket combining two (2) separate betting interests in a single race, selecting the two (2) second betting interests that will subsequently finish first and second in that race. Payment of the ticket shall be made only to the purchaser who has selected the same order of finish as officially posted.
2. (2) The exacta is not a parlay and has no connection with or relation to the win, place and show betting and will be calculated as an entirely separate pool.
3. (3) If no ticket is sold on the winning combination of an exacta pool, the net pool shall be distributed equally between holders of tickets selecting the winning betting interest to finish first and/or holders of tickets selecting the second place betting interest to finish second.
4. (4) If no ticket is sold that would require distribution of an exacta pool to winner as previously defined, the association shall make a complete and full refund of exacta pool.
5. (5) In case of a dead heat between two (2) separate betting interests for first place, the net exacta pool shall be calculated and distributed as a place pool to holders of tickets of the winning combinations. In case of a dead heat between two (2) separate betting interests for second place, the exacta pool shall be figured as a place pool, the holders of tickets combining the winning betting interest and the two (2) separate betting interests finishing second participating in the payoff.
6. (6) In the event of a dead heat for second place, if no ticket is sold on one (1) of the two
7. (2) winning combinations, the entire net pool shall be calculated as win pool and distributed to those holding tickets on the other winning combination. If no tickets combine the winning betting interest with either of the place horses in the dead heat, the exacta pool shall be calculated and distributed as a place pool to holders of tickets representing any interest in the net pool.
8. (7) In the event of a coupled betting interest finishing first and second, the net exacta pool shall be distributed to holders of tickets selecting the entry to win combined with the horse finishing third.

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.