Extra Double Event

Betting Rules:
EXTRA DOUBLE EVENT

1. The Extra Double event shall be any designated two non-consecutive
   races of the day appearing in the racing program as approved by the
   Philippine Racing Commission.

2. The bettor shall select one number from each of the nominated races
   that must finish first in the designated Extra Double event.

3. The bettor can choose from as many numbers of combinations as
   he wishes.

4. The minimum investment shall be P5.00.  Other denominations in
   excess of the minimum investment of P5.00, in the exact multiple
   of P1.00, will be made available.

5. Dividend Qualification: winners (1st place horses) for both races.

   5.a. The Extra Double dividend shall be computed based on the unit
        of P1.00 by dividing the Extra Double total net dividend pool by
        the total cost of winning tickets on the Extra Double winning
        combination.  The dividend on each unit bet shall be declared
        by eliminating the fraction of ten centavos.  No dividend less than
        P1.00 per unit shall be declared.  Official dividends shall be
        posted based on the minimum bet of P5.00.

   5.b. In case of dead heat for first place, in either of the legs, all entries
        involved in a dead heat coming in first shall be considered as
        winners.  The dividends shall be computed separately according
        to the cost of winning tickets for each winning combination. The
        dividends shall be computed by dividing the total gross dividend
        pool into as many winning combinations with money bets and
        the quotient thereof shall be used in computing a partial net
        dividend pool for each part.  The partial net dividend pool of each
        part shall then be divided by the total cost of winning tickets on
        the winning combination of that corresponding part. 

   5.c. In case one of the winning combinations involved in the dead
        heat has not been selected, the total gross dividend pool shall
        be distributed to the other winning combination(s) involved in
        the dead heat with money bets.  Thereafter, the dividends of
        the winning combinations selected shall be computed in the
        same manner as 5.a or 5.b above.

   5.d. In case of a dead heat for first place in both legs, dividends
        shall be computed by dividing the total gross dividend pool with
        the number of horses involved in the dead heat in the first leg with
        money bets.  The resulting quotient thereof for each part shall
        then be divided by the number of horses involved in the dead
        heat in the second leg with money bets paired with the first leg
        dead heat winner. The partial net dividend pool of each winning
        combination shall then be divided by the cost of winning tickets
        for that corresponding winning combination.

   5.e. In the event that the first place winner in either one or both legs
        has not been selected, the following priority shall be followed:

       5.e.1. Second Place Winner.  But if there are no money bets;
       5.e.2. Third Place Winner.  But if there are no money bets;
       5.e.3. Fourth Place Winner and so on.

   5.f. In the event that all finishers in the first leg have not been
        selected, the total pool shall be refunded.  However, if all
        finishers in the second leg have not been selected, the first
        leg winner paired with any horse in the second leg shall be
        considered as the winners.
	
6. Bets made on a horse(s) that is withdrawn (i.e., non-starter) in
   either leg, prior to the running of the first leg of the Extra Double
   event, shall be refunded.  

7. Bets made on a horse(s) that is withdrawn in the second leg but
   paired with the winner in the first leg after the first leg has ran,
   shall be entitled to a consolation dividend.

8. In the event a consolation dividend has to be awarded, the
   computation will be as follows:

   8.a. For consolation dividend, the total net dividend pool (if no
        dead heat for first has occurred) shall be divided by the total
        sales of the first leg winner.

   8.b. Regular dividend shall then be computed by deducting from the
        total net dividend pool the total consolation dividend as computed
        in 8.a above, and dividing the remainder thereof by the total cost
        of winning tickets of the regular winning combination.  (For tax on
        winnings purpose: gross dividend pool less the cost of winning
        tickets of the regular winner and the cost of winning tickets of the
        first leg winner paired with the second leg scratch entry or entries,
        after the first leg has ran, multiplied by the tax rate.)

   8.c. In case of a dead heat for first place in the first leg, the
        consolation dividends shall be computed by dividing the total gross
        dividend pool into as many numbers of horses involved in the dead
        heat with money bets.  The resulting quotient thereof shall be used
        to compute the partial net dividend pool, which shall then be divided
        by the total sales of that part's first leg winner.  Regular dividends
        shall be computed by deducting from the partial net dividend pool
        of that part the total consolation dividends of that part and dividing
        the remainder thereof by the total cost of winning tickets of that
        part's first leg dead heat winner paired with the regular winner in
        the second leg

   8.d. In case of a dead heat for first place in the second leg,
        consolation dividends shall be computed similar to 8.a above.
        Regular dividends shall be computed by deducting from the tota
        net dividend pool the total consolation dividends and dividing the
        remainder thereof by the number of horses involved in the dead
        heat with money bets and the quotient thereof is divided by the
        cost of winning tickets of the dead heat winner paired with the first
        leg winner

9. In the event that the first leg of the Extra Double event is cancelled,
   all bets made shall be refunded.  However, if the second leg is
   cancelled after the first leg has ran, consolation dividend shall be paid
   to all bets made in the second leg paired with the first leg winner.
   The consolation dividend, in this case, shall be computed by
   dividing the total net dividend pool by the total sales of the first
   leg winner.  (For tax on winnings purposes, the cost of winning
   tickets is the total sales of the first leg winner paired with any
   horse number in the second leg.)

10. When there are two or more declared starters in each leg / race,
   Extra Double bets may be accepted.  If prior to the start of betting,
   horses are withdrawn in either leg and the number of remaining
   declared starters in either leg is four (4) or less, the Racing Manager
   may, at his sole discretion, cancel that particular Extra Double event.
   If during the betting period for a particular Extra Double event, horses
   are withdrawn such that the remaining declared starters in either leg
   is four or less, the Racing Manager, at his sole discretion, shall
   immediately stop the Extra Double betting and all bets already made
   shall be refunded

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EXTRA DOUBLE EVENT
