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Started By
Message
Horse race betting...why is my payout so low?
Posted on 5/10/16 at 8:40 am
Posted on 5/10/16 at 8:40 am
I bet $40 exacta at Evangline Downs that hit and I only got $38 back. I admit I am not very educated on all of this so can someone tell me how I lost $2 after hitting? Te payout has $1 bet pays $1.90
This post was edited on 5/10/16 at 9:33 am
9
Posted on 5/10/16 at 8:41 am to PANTHER
what were the odds
Posted on 5/10/16 at 8:45 am to PANTHER
Did you give them the $40 when you made the bet?
Posted on 5/10/16 at 8:54 am to PANTHER
quote:damn, never bet the two chalk horses when doing an exacta - especially at ED
I bet $40 exacta at Evangline Downs that hit and I only got $38 back. I admit I am not very educated on all of this so can someone tell me how I lost $2 after hitting? Te payout has $1 bet pays $1.90
Posted on 5/10/16 at 8:55 am to PANTHER
did you box it?
Posted on 5/10/16 at 8:57 am to PANTHER
You bet the chalk
Posted on 5/10/16 at 9:00 am to PANTHER
Did you use exacta box? If so, how many horses in the box?
Posted on 5/10/16 at 10:59 am to PANTHER
When you boxed the picks on 2 horses, you essentially made 2 $20 bets, one for each combination of win and place. One of the $20 bets won you $38, the other lost.
You've got to have a horse with higher odds come through for a box bet to pay off.
You've got to have a horse with higher odds come through for a box bet to pay off.
Posted on 5/10/16 at 4:33 pm to PANTHER
quote:
I only got $38 back
quote:
Te payout has $1 bet pays $1.90
$20 x 1.90= $38.
Therefore he got $38 back
further down in the thread the OP states that only two horses involved in his bet, one at 8/5 and the other at 3/1. OP never directly answers whether he did a box or not but it is the only logical explanation.
This post was edited on 5/10/16 at 7:13 pm
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