California CodesBusiness and Professions Code - BPCDivision 8 — Special Business RegulationsChapter 4 — Horse RacingArticle 1 — General Provisions and DefinitionsSection 19412
(a) “Conventional parimutuel pool” means the total wagers under the parimutuel system on any horse or horses in a particular race to win, place, or show.
(b) “Exotic parimutuel pool” means the total wagers under the parimutuel system on the finishing position of two or more horses in a particular race, such as quinella or exacta wagers, or on horses to win two or more races, such as daily double wagers, pick six wagers, or on other wagers approved by the board.
(c) “Proposition parimutuel pool” means the total wagers under the parimutuel system on propositions approved by the board that are based on the results of a live thoroughbred horse, quarter horse, or harness horse race or races.
Notes
Defines conventional, exotic, and proposition parimutuel pools by the wagers included: conventional pools cover win, place, or show wagers in one race; exotic pools cover specified multi-horse, multi-race, or board-approved wagers; proposition pools cover board-approved propositions based on results of live thoroughbred, quarter-horse, or harness races.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 19412 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-8/chapter-4/article-1/section-19412