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 Post subject: Gigantic Payoffs!!!
PostPosted: Tue Feb 12, 2008 8:57 am 
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Grade III Winner

Joined: Thu Jan 13, 2005 5:28 am
Posts: 1038
Location: Oklahoma City, OK
Did anyone notice what the 5th race at The Fairgrounds paid yesterday. The race was a MCl$12.5. The winner paid $115.90 to $1. The next 2 horses were longshots also. The $2 trifecta paid a whopping $130,774 and the $2 Superfecta paid an unbelieveable $780,686!!!!! :shock:

I've personally never seen that large of payouts!!!! could not believe it.

Larrygene


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 Post subject:
PostPosted: Tue Feb 12, 2008 9:33 am 
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Breeder's Cup Winner

Joined: Tue Jan 08, 2008 1:35 pm
Posts: 2004
Location: New Jersey
larrygene

The tri pool had $87K and the super $52K, so the $1.00 tri was around $65K and the $.10 super paid around $39K, still pretty hefty payouts.

DDT


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 Post subject:
PostPosted: Tue Feb 12, 2008 9:59 am 
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Grade III Winner

Joined: Thu Jan 13, 2005 5:28 am
Posts: 1038
Location: Oklahoma City, OK
DDT, then why are they showing under the payoffs the fIgures I quoted. There can be a minus pool payout, can't there??? Rare but it happens. I understand pari-mutual betting but I thought you could have a minus pool payout. Not that I don't believe you but I would like a second opinion.


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 Post subject:
PostPosted: Tue Feb 12, 2008 10:11 am 
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Darley line

Joined: Thu Dec 21, 2006 4:52 pm
Posts: 6684
Location: Reno, NV
I think the payoffs are based on a $2 ticket....if someone had only a 10 cent ticket, they got 5% of the amount for $2.

_________________
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 Post subject:
PostPosted: Tue Feb 12, 2008 10:22 am 
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Allowance Winner

Joined: Thu Sep 16, 2004 2:47 pm
Posts: 434
FG always post $2 payouts on their exoctics even if nobody had it on a $2 wager. That is one thing about the 10 cent super at larger tracks it all but elminates payoffs on all in supers.


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 Post subject:
PostPosted: Tue Feb 12, 2008 12:08 pm 
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2yo Maiden
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Joined: Fri Nov 16, 2007 6:35 pm
Posts: 96
Location: NJ
Every jurisdiction in the U.S. requires a minimum payout (usually 5 cents to the dollar) for any winning bet, regardless of how much money is left in the pool after deducting winning wagers.

A minus pool occurs when such a large % of the pool is bet on the winning horse(s) that there is not enough money left in the pool after deducting winning wagers and commissions to pay at least $2.10 for a $2 wager.

What happens when there are large payoffs is the opposite of a minus pool; there is very little money bet on the winning horse (exacta, tri, etc.)


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 Post subject:
PostPosted: Tue Feb 12, 2008 12:22 pm 
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Breeder's Cup Winner

Joined: Tue Jan 08, 2008 1:35 pm
Posts: 2004
Location: New Jersey
larrygene

I was not trying to be a wise guy, with the amounts of the $2.00 payouts shown, and the amounts of the pools, it appeared that there was likely only one winning tri ticket and one winning super ticket, the tri at $1.00 and the super at $.10. The amounts posted reflected what would have been paid out for winning $2.00 tickets.

DDT


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 Post subject:
PostPosted: Tue Feb 12, 2008 1:54 pm 
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Grade III Winner

Joined: Thu Jan 13, 2005 5:28 am
Posts: 1038
Location: Oklahoma City, OK
DDT, I didn't think you were being a smart ass at all!! I saw HRTV post the results of that race and they showed $1 tri for $65K+ and a $1 super for $390K. Equibase is showing the amounts I posted in the first post. Thats why I was dubious.


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 Post subject:
PostPosted: Tue Feb 12, 2008 2:36 pm 
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Breeder's Cup Contender

Joined: Thu Sep 16, 2004 11:18 am
Posts: 1944
Location: Louisiana
Can it be that nobody had the superfecta?


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 Post subject:
PostPosted: Tue Feb 12, 2008 3:28 pm 
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Allowance Winner

Joined: Mon Sep 27, 2004 10:04 am
Posts: 460
No, If no one hit the it then they would have paid on the first 3 finishers with all


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 Post subject:
PostPosted: Tue Feb 12, 2008 4:47 pm 
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Starters Handicap

Joined: Fri Feb 04, 2005 5:42 pm
Posts: 691
Location: Lexington, KY
I wish all tracks would LABEL their will-pays and payouts. It's getting really confusing trying to remember who shows what!

I guess one way to do it is always show the minimum payout -- 10 cents, 50 cents, $1 or $2 -- whatever the minimum for the bet is.

If anyone on here is a track executive or knows one, pass this message on!


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