Payout???

[Chiefs83]

I got this in my email and decided to bet it since I’ve been rolling good lately

Race #9 at Saratoga (New York Stallion Stakes) 5:39 pm ET

The New York-special series hits Saratoga with an assorted mix of sophomore talent – and $150,000 in profits – including latest Belmont-based NY Stallion Stakes winner #8 Dakota Gold (by Danny Gargan, with Irad Ortiz Jr) now listed on top at 3/5 odds. #5 Marinara Sauced (by Chad C. Brown, with Manuel Franco) lands 2nd position with 5/1 odds. #3 Shinsun (by Barclay Tagg, with Luis Saez) and #10 Barrel of Quests (by David G. Donk, with Jose L. Ortiz) commute on 3rd with 8/1.

The bet: $20 Exacta Box ($40 total) with #5 Marinara Sauced & #8 Dakota Gold

IT WON

I don’t know anything about horse racing but I would think I would of won more. Seems to me only won 100. This seems way to little.

Appreciate the help

[garyking]

Horse racing results can be checked under results on equibase.com. This exacta 8-5 paid $7.80 for $2, $78 for your $20 bet. Horse racing payouts are always way too little, as a 25% or so commission for exotic bets is huge. Better had you played the tri 8-5-4, which paid $44.00 for $2.

[bigbaby1976]

Can someone explain to me this payout?

My picks were: Exacta (3,7,9 /2). I'm betting $25 (for a total of $75 bet). I ended up getting $950. Is this correct? and why?

That is 3,7,9 for the first place and 2 for the second place.

The race was Penn National / May 16, 2024 / Race 1

Equibase shows an exacta pool of 110,111 and a payout of 153.40 (not sure if this affects my payout)

How would my payout be? (please explain this with care and love)

[Easy-Rider 66]

Can someone explain to me this payout?

My picks were: Exacta (3,7,9 /2). I'm betting $25 (for a total of $75 bet). I ended up getting $950. Is this correct? and why?

That is 3,7,9 for the first place and 2 for the second place.

The race was Penn National / May 16, 2024 / Race 1

Equibase shows an exacta pool of 110,111 and a payout of 153.40 (not sure if this affects my payout)

How would my payout be? (please explain this with care and love)

Penn National R1 5/16/24 the 8 won and the 3 placed. so not sure what race your are referring to? Check your tickets. thx.

[bigbaby1976]

Penn National R1 5/16/24 the 8 won and the 3 placed. so not sure what race your are referring to? Check your tickets. thx.

I'm sorry man, by mistake a copy/pasted the wrong ticket picks.

My picks for this track/race were: (4,8,10 / 3)

Thank you for takiing the time to reply. Do you mind explaining to me how the payout math calculation would go with those picks (same track and race).

I appreciate sir

I'm seeing the race / track info results from equibase:

https://www.equibase.com/premium/chartEmb.cfm?track=PEN&raceDate=05/16/2024&cy=USA&rn=1

Thank you in advance.

[Easy-Rider 66]

OK 1976 here you go your ex paid $306.80 for every $2 wagered. you wagered $25 on 8/3 which scored and Paid $306.80 again for every $2 wagered. so you had 12.5 bets X $306.80 = $3835 you should receive. Not sure where they come up with about $950? another way to figure is divide in half the ex payout so $153.40 is paid out for every $1 wagered. so you had $25 on that so 25 X $153.40= $3835.

If you are providing the correct info on the amount wagered then the only reason why you got about $950 is they have a cap on exotics wagering payouts., read the fine lines to see if that pertains to you. Either that or you are getting ripped off. GL.

[Easy-Rider 66]

anymore questions fire away. I assume you played an offshore Race Book?

[bigbaby1976]

Thanks Rider. Yes, it's an offshore.

They are actually in the process of reviewing the ticket.

I was thinking it had to do something with the three picks I did for the first place (4, 8, 10), but since my total bet was $75 ($25 for each), the payout math you do makes sense.

There is only one thing I don't understand from your explanation. When you say "so you had 12.5 bets X $306.80 = $3835", could you break down the math on how you get the 12.5 number? I think it has to do with some factorial, but can't get quite get it.


Thanks again man. I appreciate it.

[Easy-Rider 66]

OK divide $25 by 2 = 12.5 so that is number of bets you had if you go by $2 payout for the ex. If you carve up the ex in half then you multiply that number by 25 bets as you are going by a $1 ex payout. I am explaining it a bit rough but hope you catch the drift. Let us know what happens. Nice wager by you. congrats.

[Easy-Rider 66]

in this instance Penn pays out based on a $2 wager. so look at it this way say you bet $2 on 8/3 then you get $306.80. But you had $25 on the 8/3 so divide the $25 by 2 =12.5 ($2)wagers so 12.5($2) wagers X 306.80= $3835.

[bigbaby1976]

Oh snap. yeah, i got you. My bad.

Thanks for the props Rider. I'll keep you guys updated on how it goes.

[Easy-Rider 66]

Oh snap. yeah, i got you. My bad.

Thanks for the props Rider. I'll keep you guys updated on how it goes.