(A) The object of the perfecta, also known as an exacta, is to select on a single ticket and, in a single combination, the two horses or separate wagering interests (if there are fields or entries) that subsequently finish first and second in a single race in the exact order of finish as officially posted.
(B) The perfecta is calculated as an entirely separate pool and, except for the contingencies below is calculated in the same general manner as a win pool.
(C) In the event no ticket is sold in the perfecta pool coupling the horses finishing first and second in the exact order of official result, the net pool shall be calculated as a win pool for those who select ticket combinations in the exact order of official result in the following order of priority:
(1) (1-all) if none, then
(2) (all-2) if none, then
(3) (all-all) (refund)
(D) In case of a dead heat between two separate wagering interests for first place, the net perfecta pool shall be distributed as a place pool to those holders of tickets containing both interests in either position. In case of a dead heat between two separate wagering interests for second place, the perfecta pool shall be calculated as a place pool, the holders of the tickets combining the winning horse and the two horses finishing second participating in the payoff.
(E) In the event of a dead heat for second place, if no ticket is sold on one of the two winning combinations, the entire net pool shall be calculated as a win pool and distributed to those holding tickets on the other winning combination. If no tickets combine the winning horse with either of the place horses in the dead heat, the perfecta pool shall be calculated and distributed as a place pool to holders of tickets selecting the winning horse to finish first and those selecting either of the place horses in the dead heat to finish second. If entry or field horses run first and second or in a dead heat for first, then the next separate wagering interest is considered as the other half of the winning perfecta combination(s).
(F) If a horse in a race on which there is perfecta wagering is excused by stewards, all monies wagered on combinations which include this horse shall be deducted from the perfecta pool and refunded to the purchaser of tickets on the horse, unless such horse is part of a field or entry (see paragraph (E) of rule 3769-3-02 of the Administrative Code).
(G) If no ticket is sold that would require distribution of a perfecta pool to a winner or winners as defined above, the permit holder shall make a full refund of the perfecta pool to those who purchased perfecta tickets.