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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 9:09 am to Paddyshack
Just two. Odds 8/5 and 3-1. It was a tip on horseracing radio so I went with it. I knew the payout would be big just trying to understand why it is negative
Posted on 5/10/16 at 10:01 am to PANTHER
8/5 and 3-1 is not going to produce a big payout, you were lucky to get most of your money back
Posted on 5/10/16 at 10:08 am to TigerGyp
You won $38. A track isn't going to pay out huge money on the two favorites, because, well, they're supposed to finish 1 and 2.
My buddy hit the trifecta and his $10 bet paid $867.
ETA: I edited my comment because I did some googles, and confirmed that you can in come cases not recoup your original wager (an example given is an exacta box with 6 or 7 horses...so I stand corrected. My mistake. Brain fart).
My buddy hit the trifecta and his $10 bet paid $867.
ETA: I edited my comment because I did some googles, and confirmed that you can in come cases not recoup your original wager (an example given is an exacta box with 6 or 7 horses...so I stand corrected. My mistake. Brain fart).
This post was edited on 5/10/16 at 11:37 am
Posted on 5/10/16 at 10:39 am to PANTHER
If you put up the $40 originally, you get that back plus the payoff of the race.
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 11:16 am to brmach
But he still didn't lose money on a winning bet. Are you the one who downvoted my post?
This post was edited on 5/10/16 at 11:17 am
Posted on 5/10/16 at 11:28 am to Chucktown_Badger
quote:
But he still didn't lose money on a winning bet.
He lost $2 because when you box a exacta it is like making 2 bets. It was like making 2 $20 bets. He lost $20 on one of them. ON the other one, he got his $20 bet back plus the $18 he won.
Posted on 5/10/16 at 11:29 am to boxcar willie
quote:
He lost $2 because when you box a exacta it is like making 2 bets
No it's not. An exacta BOX is making two bets. An exacta is picking the finishers 1 and 2 in that order.
Posted on 5/10/16 at 11:32 am to Chucktown_Badger
quote:
He lost $2 because when you box a exacta it is like making 2 bets
quote:
No it's not. An exacta BOX is making two bets
Posted on 5/10/16 at 11:33 am to Chucktown_Badger
You just repeated what he said.
Posted on 5/10/16 at 11:39 am to JG77056
quote:
You just repeated what he said.
Sorry. I'm rushing and not explaining myself.
He said
quote:
He lost $2 because when you box a exacta it is like making 2 bets. It was like making 2 $20 bets. He lost $20 on one of them. ON the other one, he got his $20 bet back plus the $18 he won.
But the OP said
quote:
I bet $40 exacta at Evangline Downs that hit and I only got $38 back.
OP bet an exacta, not an exacta box. But previous posters is explaining it as if it was a box bet.
Posted on 5/10/16 at 11:41 am to brmach
This.
Why must people repeat the correct response right after, pretending they didn't see it.
Just say thanks and move the frick on.
Why must people repeat the correct response right after, pretending they didn't see it.
Just say thanks and move the frick on.
Posted on 5/10/16 at 11:44 am to grape nutz
quote:
pretending they didn't see it.
I saw it, just read it too quickly and missed part of it. But my point still stands, OP said he placed an exacta bet, not an exacta box.
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