Australian Bookie Pays Out on Cox Plate Before it Even Happens

[robfla]

Originally Posted by justindew

Do those who collect have to accept lower odds in return for the free money? In other words, if someone played the horse at 11-1, do they have to accept a payout of like 7-1 or something? Otherwise, this makes no sense.

It appears that they are paying out at the wagered odds:

In August one punter had $7000 at $11 on So You Think, meaning he has collected $77,000 before even the barrier draw has taken place.

Unbeaten in three runs this campaign; So You Think is now into just $1.50 for the Cox Plate.