Section 9.04. Place pool.

  The association shall deduct the amounts wagered to place on the first 2 animals to finish from the net pool to determine the profit. The profit shall be divided into 2 equal amounts; one-half of the profit shall be divided by the amount wagered to place on the first finisher, such quotient being the profit per dollar wagered to place on the first finisher; and one-half of the profit shall be divided by the amount wagered to place on the second finisher, such quotient being the profit per dollar wagered to place on the second finisher. Payouts shall be return of the amount wagered and profit thereon as to each of the first 2 finishers.

(1)  In the event of a dead heat for first between animals representing 2 different wagering interests, the place pool shall be distributed as if one wagering interest finished first and the other finished second; if between animals representing 3 different wagering interests, the place pool shall be distributed as if a show pool.

(2)  In the event of a dead heat for second between animals representing 2 or more different interests, the profit shall be divided in half with one-half allocated for wagers to place on the animal which finished first, and the other half divided equally so as to allocate one-fourth of the profit on the net place pool for wagers to place on each of 2 animals finishing in a dead heat for second, or one-sixth of the profits for wagers to place on each of the 3 animals finishing in a dead heat for second.

(3)  In the event no place ticket is sold on an animal which finishes either first or second, then the place pool shall be distributed as a win pool and distributed to the holders of place tickets on the animal finishing first or second.

(4)  In the event no place ticket is sold on both of the wagering interests which finish first or second, the net place pool shall be distributed to holders of place tickets on the animal finishing third.

History: Cr. Register, July, 1990, No. 415 , eff. 8-1-90; CR 03-070 : cr. (4) Register November 2003 No. 575 , eff. 12-1-03 .