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The chances on a particular horse winning first, second, or third place are estimated on the morning of a race and then continuously recalculated by pc through the prerace betting period. The odds are posted on a show called the tote board and on tv screens throughout the betting space. The tote board also tallies the overall amount paid into each pool. Bettors can wager that a particular horse will win (are available in first), place (come in first or second), or show (are available in first, second, or third). The payoff for a win is larger than payoffs for place or show, as a result of the latter two swimming pools have to be split extra ways. For example, the present pool must be cut up between all bettors who chosen win, place, or show. The approximate payoffs for a $2 successful ticket on horses of varied odds are shown in Table 8.4.