1. (a) Win, place, show, daily double or twin double wagers form separate wagering pools with payoffs calculated independently of each other.

2. (b) From each pool there shall be deducted this percentage provided by statute, the remainder being the net pool for distribution, less the breaks, as provided by the Pari-Mutuel Revenue Law.

   1. (1) The net pool divided by the amount wagered on the horse finishing first determines the payoff per dollar, including profit and wager.

   2. (2) When two horses finish first in a dead heat, the money in the win pool is divided the same as in a place pool calculation.

      (d) Place pool.

   3. (1) The amounts wagered on horses finishing first and second are deducted from the net pool to determine the profit. This profit is divided in half, and the halves, in turn, divided by the two amounts mentioned above. This determines the profit per dollar, to which is added the wager.
   4. (2) When two horses finish second in a dead heat, one half of the profit is allocated to the tickets representing wagers on the horse finishing first, and the remaining half is allocated equally to the wagers on horses finishing first, and the remaining half is allocated equally to the wagers on horses finishing in the dead heat for second.

   5. (3) When two horses in the field or coupled as an entry run first and second, the place pool shall be distributed the same as in a win pool.

      (e) Show pool.

   6. (1) The amounts wagered on the horses finishing first, second and third are deducted from the net pool to determine the profit. This profit is divided into three equal parts, and each part, in turn, divided by the three amounts mentioned in subdivision (d) of this section. This determines the profit per dollar, to which is added the wager.
   7. (2) When two horses finish third in a dead heat, one third of the profit is allocated to the tickets representing wagers on the horse finishing first, one third to the wagers finishing second and the remaining third equally to wagers on the horses finishing in the dead heat for third.
   8. (3) When two horses in the field or coupled as an entry finish first and second, first and third or second and third, two thirds of the profit is allocated to the tickets representing wagers on the field or entry, and the remaining one third to the wagers on the other horse.
   9. (4) When one horse in the field or coupled as an entry finished first or second, and the other part of the entry or field finished third in a dead heat with another horse, one half of the profit is allocated to the tickets representing wagers on the field or entry, one-third to the horse finishing first or second, and the remaining one-sixth to the wagers on the horse finishing third in the dead heat with the field or entry.
   10. (5) When three horses in the field or coupled as an entry run first, second and third, the place and show pools shall be distributed the same as a win pool.

   (c) Win pool.

3. (f) When only two horses finish, the show pool, if any, shall be distributed the same as in a place pool.
4. (g) When only one horse finishes, the place and show pools, if any, shall be distributed the same as in a win pool.

5. (h) In any race in which no horse finishes, all money wagered on the race shall be refunded upon presentation and surrender of pari-mutuel tickets sold thereon.

   1. (1) In the event that there is no money wagered to win on a horse which has finished first, the pool will be refunded.
   2. (2) In the event that there is no money wagered to place on a horse which finished first or second, the net pool will be distributed to wagers on the horse upon which money was wagered to place and which did so finish; if none, the pool will be refunded.
   3. (3) In the event that there is no money wagered to show on a horse which has finished first, second or third, the net pool will be distributed to wagers on the horses upon which money was wagered to show and which did so finish, as in a place pool; if only one, to wagers upon such horse as in a win pool; if none, the pool will be refunded. Should these circumstances be foreseeable when a pool closes, an immediate announcement shall be made to hold all tickets because all betting combinations are not covered.

   (i) Payment where no wagering on a horse in the win, place or show pools.

The pari-mutuel pools shall be calculated and distributed as follows: