[Split Rock]

I posted this on another board but am wondering if anyone on this board can help me here.


Can someone help me with this? I'm more curious than anything.

In the 2nd race at Hollywood Park on Wed, opening day, it was amazingly clear that the #6 Smooth Performer was going to hit the board. So, I decided to calculate potential place and show payoffs with this horse. After calculating, I decided to bet $200 to show on it as the lowest payout would have been $2.60 if both 2nd and 3rd favorites came in with it. I felt one of them wouldnt so the payoff could have gone as high as $3.00.

Anyway, after the race was over, I calculated the show payoff assuming that Hollywood Park's takeout for show was about 23% on the high end.

If it is 23% takeout, the payoffs should have been:
6: $2.70 (reduced to $2.60)
4: $3.30 (reduced to $3.20)
1: $4.10 (reduced to $4.00)

Instead the payoffs were:
6: $2.40
4: $3.00
1: $3.80

The pools were:
Total: $18,588
6: $4923
4: $2595
1: $1638

If anyone is good at these calculations and can explain the difference, I would appreciate it. The only explanation I can see is the track takeout is 27.5% for WPS wagers and that would be robbery, if so.