Best answer: How do you play horse racing jackpot?

How do you calculate horse race winnings?

Your payout is calculated by subtracting the amount of winning dollars from the total pool, then dividing the remaining pool by the amount of cash bet on the winner, and finally adding back in the winning bet amount.

How do you win the Tote jackpot?

To place a Tote Jackpot bet online, find the nominated meeting and click on the Tote Jackpot link. Then, work your way through each leg to choose the horse(s) you want to include in your bet, before adding your final list to your betslip. Choose your stake per line and place your bet.

What is a jackpot wager?

In jackpot bets, an amount of every wager is retained and paid to only one customer on the occurrence of that single customer having the only winning ticket in a particular bet.

What does 20 to 1 odds pay?

Reading the Win Odds

For example, 6-5 means you will get $6 in profit for every $5 you wager, while 20-1 means you get $20 in profit for every $1 you wager. In the latter example, a bet of $2 means you would get $42 back for a winning wager.

IT IS INTERESTING:  What is the bet behind the pass line in craps?

What is a jackpot on tab?

On a Jackpot First 4 race, if the correct combination is not chosen, the entire dividend pool will jackpot to the next race at the same meeting. … A Jackpot First 4 race will be indicated on the Jackpot pages of the TAB Racing pages.

Do all horses have to place in a placepot?

Winning the Tote Placepot

To win the Placepot you just need to have a horse placed in the first six races at any meeting. How many places are on offer depends on how many runners are in a race and the same terms apply to the Tote Place pool.

How does a jackpot work?

The jackpot increases by a small predetermined amount each time the game is played. Often multiple machines are pooled or linked together to form a larger progressive jackpot which grows more quickly because more non-winning plays can be counted toward it. Many lotteries feature progressive jackpots.

What if you get the Mega Ball only?

What happens if you match the Mega Ball only? If you match only the Mega Ball (and don’t match any of the 5 regular numbers), you win a $2 prize and break even on the $2 cost of your Mega Millions ticket.

Do I win with just the Mega Ball?

Unfortunately, if you only matched one white number on the Mega Millions drawing, you did NOT win any money. If the only number matched was the yellow Mega Ball number itself, then you‘ll win $2.