It's really defeating the purpose of the wager. If I wanted to win $300 bucks I would play an exacta. The odds of you hitting a $300 exacta and the odds of you hitting a $300 superfecta with a 3 dollar ticket are roughly the same so what's the freaking point?
IF I am playing a suerfecta dammit I want to hit 5 figures. That's the whole point. ]
That was a very stupid and short term decision whoever thought this was a good idea.
I am pretty much a win wager guy but I usaed to always dabble with exotics for shits and giggles and i don't even do that anymore because it's not worth it. I once won $5700 on a trifecta at ellis park. You can't do that today. This was pre $.10/.50 cent wager. Today that would have been a 60 dollar hit.
I'm starting to despise these wagers that cost less than $1
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bdw0617
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I'm starting to despise these wagers that cost less than $1
"When the solution is simple, God is answering.”
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karenkarenn
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bdw-
I gotta tell you . In one week I going to bet. For the first time in five years. I am taking 300 and putting 100 on three horses that I know that are going to race where I am.
The odds are going to be like
2-1
9-5
4-1
How do I calculate how much I can get back with those odds placed on a 100 bet for let say show wagering on each horse.
Don't laugh - its been a while.
K
I gotta tell you . In one week I going to bet. For the first time in five years. I am taking 300 and putting 100 on three horses that I know that are going to race where I am.
The odds are going to be like
2-1
9-5
4-1
How do I calculate how much I can get back with those odds placed on a 100 bet for let say show wagering on each horse.
Don't laugh - its been a while.
K
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karenkarenn
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There is no way to pre-calculate what the show prices will be. The payoffs have nothing to do with the win odds and the payoff will also vary depending on the amounts bet to show on the horses that do show and those that run out.
Assume 8 horses in the race and they have the following amounts in their show pools:
#1 500
#2 600
#3 100
#4 900
#5 3000
#6 200
#7 4000
Assuming no takeout (hah) if the one comes in with the two and the three his 2$ show payoff will be $10.80 If the one comes in with the five and the seven his $2 show payoff will be $2.40
Think I got that right....
Assume 8 horses in the race and they have the following amounts in their show pools:
#1 500
#2 600
#3 100
#4 900
#5 3000
#6 200
#7 4000
Assuming no takeout (hah) if the one comes in with the two and the three his 2$ show payoff will be $10.80 If the one comes in with the five and the seven his $2 show payoff will be $2.40
Think I got that right....
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karenkarenn
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OKay, tell me how you got that amount.[/quote]
#1 500
#2 600
#3 100
#4 900
#5 3000
#6 200
#7 4000
Assuming no takeout (hah) if the one comes in with the two and the three his 2$ show payoff will be $10.80 If the one comes in with the five and the seven his $2 show payoff will be $2.40
.[quote]-- That one-- Karen
#1 500
#2 600
#3 100
#4 900
#5 3000
#6 200
#7 4000
Assuming no takeout (hah) if the one comes in with the two and the three his 2$ show payoff will be $10.80 If the one comes in with the five and the seven his $2 show payoff will be $2.40
.[quote]-- That one-- Karen
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bdw0617
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i remember when i was little my dad took me to the track and made like a 10 dollar trifecta wager on a race and won like 2200 dollars and everyone was all happy and we went to red lobster, etc lol. now you cant' do that anymore. now everyone has hit the same tri because everyone can spread because it's just 50 cents instead of 1-2 dollars.
that's what makes gamblers right there.
that's what makes gamblers right there.
"When the solution is simple, God is answering.”
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photofinish
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As to the original post, let me say I am not a bettor as a rule. I handicap for fun, but in order to bet they want you to give them money. I don't like handing over money unless it's to the feed store or my crew. So I usually bet as a mental exercise. I bet the .50 pick 5 at Del Mar yesterday just because, well, I'm still not sure why. Spent $40, that is 2x what I have ever spent. Payoff (yeah, I hit it) was $3,220. I can live with that return on investment just fine.
As to KarenKaren - if you are betting at a very small track your $100 is going to completely skew the odds. A 4-1 could become a 1-2. I am not kidding, I have seen it happen. If the total win pool is, say $2000 you are going to be a 5% contributor to that total, and some of those win pools don't even reach $2000 at tiny tracks. You may want to rethink your strategy.
As to KarenKaren - if you are betting at a very small track your $100 is going to completely skew the odds. A 4-1 could become a 1-2. I am not kidding, I have seen it happen. If the total win pool is, say $2000 you are going to be a 5% contributor to that total, and some of those win pools don't even reach $2000 at tiny tracks. You may want to rethink your strategy.
bdw
Over the years you have posted here about handicapping and wagering on many occasions, but this one is a real gem. First of all you do know that each exotic wager has its own pool and takeout percentage, and I might add here that that percentage is higher than the win, place and show takeout percentage. Second, the win odds have nothing to do with the amounts bet in the exotic pools. Third, the payouts for each exotic are determined by total number of wining combination tickets, not the cost of the ticket. For the most part tracks post the winning amount for a $2.00 or $1.00 ticket, Arlington and other tracks post the winning payout for the lowest price ticket available on the wager. I will assume that your $5700 tri was for a $2.00 ticket, that would pay a little over $1400 for a $.50 wager.
The $.10, $.50 and $1.00 minimums actually increase the amount of money wagered into the pools.
DDT
Over the years you have posted here about handicapping and wagering on many occasions, but this one is a real gem. First of all you do know that each exotic wager has its own pool and takeout percentage, and I might add here that that percentage is higher than the win, place and show takeout percentage. Second, the win odds have nothing to do with the amounts bet in the exotic pools. Third, the payouts for each exotic are determined by total number of wining combination tickets, not the cost of the ticket. For the most part tracks post the winning amount for a $2.00 or $1.00 ticket, Arlington and other tracks post the winning payout for the lowest price ticket available on the wager. I will assume that your $5700 tri was for a $2.00 ticket, that would pay a little over $1400 for a $.50 wager.
The $.10, $.50 and $1.00 minimums actually increase the amount of money wagered into the pools.
DDT