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Originally Posted by 2MinsToPost
no, I need an explanation of this parlay stuff. I understand some things, but not THE MATH ON THOSE 2 PAYOFFS. Ya see what I am saying?
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Has nothing to do with parlays... its simply a calculation of pool $$$ / live tickets. Assuming a 25% takeout, $53,025 was available to pay the winners in the first pool, which means there were 1,196 $1 winners (breakage (rounding) means this number is off a little.) In the second pool, $89,565 was available to pay the winners, so there were 51 $1 winners. 51*$1,756.40 = $89,565.
Parlaying the win price is only an ESTIMATE. If anything, the first payoff was dead on; a straight parlay would have paid $90.40 for $2. In this case... that's generous. Starting a pick-3 with a 1/5 shot usually will be less than the parlay price.
The 2nd paid significantly under the parlay- $4,773.60 for $2 was the actual parlay price.
Can you give me a rundown of these races by class & size?