Horse Racing Betting – Pools
All horseracing betting is done in a pool, otherwise known as pari-mutuel betting.
All of the stakes are added together to form the overall pool, and after the track have taken out their cut, this pool will be divided out equally amongst all of the winners.
What is the best bet in horse racing?
A place bet is a bet for a horse to finish in first or second place. You don’t get extra money for a better finish. If your horse finishes first or second place, you win your bet. A show bet is one where you pick a horse, and if they finish in one of the top three slots, you win your bet.
How does a Pick 4 Work?
Winnings on pick four bets are unlimited and are determined by the pari-mutuel system where all the winning tickets share the pool of money collected (less the money the track takes as commission). If you had wagered the $0.50 Pick 4 minimum and correctly picked the Friday Pick 4 at the 2013 Breeder’s Cup…
How do payouts work in horse racing?
All the money wagered on a particular race is placed into a pool and after a house take is deducted, the rest of the money is divided between the people who bet on the winning horse. In a pari-mutuel system, you don’t know exactly how much you’ll win when you place a bet because the odds change as more people wager.
How much is a $2 trifecta box?
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)|
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