(a) The takeout authorized by law is deducted from the total wagered in the win pool. The balance is the net pool.
(b) The amount wagered on the winner is divided into the net pool. The quotient is the payoff price on the winner for each dollar wagered and it includes the dollar wagered on the winner.
(c) If a race animal wins and no money was wagered on the animal to win, the win pool shall be distributed among the holders of tickets on that animal in the place pool. If there are no tickets on the animal in the place pool, the win pool shall be distributed among the holders of tickets on that animal in the show pool. If there are no tickets on the animal in the show pool, the money in the win pool shall be refunded.
(d) If a race ends in a two-animal dead heat for first place, the win pool shall be calculated as a place pool. If a race ends in a multiple-animal dead heat for first place, the win pool shall be distributed as a profit for split to the holders of tickets on any of the animals finishing first.

Source Note: The provisions of this §321.304 adopted to be effective April 1, 2001, 26 TexReg 2160