How does a show bet work?
When you choose a show bet, your selected horse needs to finish in the top three positions for you to receive a payout. Each of these straight bets offer different odds and payouts, depending on the event and the likelihood of your selected horse winning the race.
How do you calculate a show payout?
Calculating the Payout for a Win Bet
- From that odds ratio, you take the first number and multiply it by 2 (remember, if the odds is a whole number, place that over a 1 – for example, 7 would be 7/1)
- You take that number and divide it by the second number of the odds ratio.
- Add your outlay money to that number.
How much is a $2 Win Place Show bet?
A Win Place and Show bets can be placed for as little as a $2 “Across the Board” which would cost a total of $6 but you can also bet a horse for $2 straight for Win or Place or Show which will keep the cost down.
Does a show bet pay if the horse wins?
If your horse wins the race, you get win, place and show payoffs. If your horse finishes second you receive place and show payouts, and if your horse comes in third, you only get the show payout. This bet is named in reference to the tote board.
How much do you win on a place bet?
Place payoffs typically pay between $3.00 and $10.00, but can pay more with longshots and less with overwhelming favorites. Since the money you win in a place bet is generated by all of the money bet on the losing horses, the more horses in the race the greater your chances for a larger place payoff.
How does a Pick 3 bet work?
On a PICK 3 bet you select the winning horse in three consecutive races. This is usually offered on the first and last 3 races of the day, although some tracks may offer this bet on any three consecutive races.
What does 1 to 5 odds pay?
Odds with $2 Minimum Payoff for Horse Racing
What are 5 to 2 odds?
The tote board does not show decimals, therefore, 5/2 odds means that the odds on a horse are 5 divided by 2, or 2.5-1. Win payoffs are calculated based on a $2.00 wager because at most tracks this is the minimum bet. Example #1: A horse that wins at 5-1 will return $5.00 for every $1.00 wagered.
What does 100 to 1 odds pay?
|Decimal||Fractional||Return (minus stake)|
What happens if you bet a horse to place and it wins?
If the horse wins, you collect on all three bets. If it is second, you collect on place and show and if it is third you collect on only the show part of the bet. Win/Place or Place/Show: Simply a combination of win & place or place & show. There are two combinations, so a $2 bet would cost $4 in total.
How much is a trifecta bet?
Trifecta Box Costs:
|$1 Trifecta Box with three horses||$6 (6 possible combinations)|
|$1 Trifecta Box with four horses||$24 (24 possible combinations)|
|$1 Trifecta Box with five horses||$60 (60 possible combinations)|
|$1 Trifecta Box with six horses||$120 (120 possible combinations)|