You've dealt with stranger questions.
Assuming 3 or more horses.
The winning horse has win, place, and show (separate) bets
The Place horse has place and show (separate) bets
The show horse has (separate) show bets
The 3 pools (win, place, and show) have 1200.00 each
Now for the question:
The winning pool gets split up all people who bet on the winning horse.
The place pool 1200.00 gets split up how? Is it split evenly between the
place winners and the win horse with place bets?
Show pool 1200.00 gets split up how? thirds? Half for show and a quarter for
win and a quarter for place?
The question is being debated over a para-mutual golf tourny.
No, I have no money on the outcome, only curiosity.