Rupert Pupkin |
11-08-2006 08:32 PM |
Quote:
Originally Posted by brianwspencer
i did all the same things you did, coming up with $3,812 per horse.
With a total of $833 bet to place on the winner, that is 416.5 two-dollar payoffs that need to come out of that money, which equals roughly nine dollars.
i dont understand where the extra money would come from
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You forgot to add $2. The people get their original $2 back. If a horse is 7-2, they don't pay $7. They pay $9. If a horse is 9-2, they pay $11.
If there was $883 left for the horse. He would have paid 1-1(even-money to place), which is $4.00. If there was $1766, left for the horse, the horse should pay 2-1 to place, meaning the payoff would be $6.00. If there was $2649 left for the horse, he should pay 3-1 to place, meaning $8.00. If there was $3532 left for the horse, that would be 4-1, meaning the should pay $10.00 to place.
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