Bets for Dummies! :) New at this, question on bets?????
Wildhorsey
Member
Where can I go to find out the payoffs on bets. I know they range but what is the average? Such as If I put a $1.00 bet for my horse to WIN and she does, what do I get??? Same question for PLACE, and SHOW.:sad:
Comments
Easy answer for win, difficult for place and show.
For a win bet, multiply the final odds times the amount of your bet, then add the amount of your bet. 2-1 odds on $2 bet 2x2=4+2 payoff $6. 6-5 odds (1.2-1) $1.2x2=$2.40 + 2 payoff = $4.40
Place and show are tough to guess at least for me. Both place and show bets have separate pools. In the place pool both 1st & 2nd place horses share the pool. You could have a place bet on a 10-1 horse, and if the other horse was 1/9 you could get a payoff of $2.20. (Happened to me in the Preakness in 1973. I knew Secretariat would win, I played Sham to place. Paid $2.20 or maybe it was $2.10.) Now if you had a 3-1 horse to place and the other horse was 10-1, you might be paid 6.00 or more. It ALL depends on the makeup of the pool. Show same concept, just 3 to share.
Regards,
1-5 $2.40 5-2 $7.00
2-5 $2.80 3-1 $8.00
1-2 $3.00 7-2 $9.00
3-5 $3.20 4-1 $10.00
4-5 $3.60 9-2 $11.00
1-1 $4.00 5-1 $12.00
6-5 $4.40 6-1 $14.00
7-5 $4.80 7-1 $16.00
3-2 $5.00 8-1 $18.00
8-5 $5.20 9-1 $20.00
9-5 $5.60 10-1 $22.00