The Show Bet

[jms62]

Originally Posted by ranger5830

This all begs the question, why are there minimum payouts at all? When I was watching Irish racing a couple years ago, I saw many instances where successful "place" bets on big favorites paid less than $2 for each $2 wagered. They also offered penny breakage, which would be a huge boon to show bettors, but that's a different story. Even now, lots of UK races have big favorites that pay $2.04 to place. I think a similar payout structure here would eliminate a lot of the minus pools.

I agree they should let the parimutual pool to play out as is and not have minimum guaranteed returns.

[Alabama Stakes]

Tracks like that $19,000 takeout on the $100,000 wager though. If there's a minus pool once in a while it should be considered the price of doing business.