Ok, I am completely clueless when it comes to horses but I bet on Hard Spun to win, place, or show. Do I not know what I won until they calculate it after the race is over? Bastard had the lead all the way until the very end. Grrrr....
Question about Hard Spun...
- Thread starter Glenn Quagmire
- Start date
Ok. Thanks. It's been years since I've bet horses and I couldn't remember if that's how they do it. Did you happen to see what the odds were on him before the race? I know a few hours before race time he was 8-1.
I didn't see the final odds, BRIS will have the chart posted in about 20 mins or so.
I just caught the tote board as I walked back in the room, I think HS paid $9.80 to place, is that right?
I just caught the tote board as I walked back in the room, I think HS paid $9.80 to place, is that right?
I think it was $9.80 to win and $7.00 to place. I just checked my book and I don't think they calculated it right. I had $60 total, $20 to win, $20 to place and $20 to show. I ended up with a total winnings of $108. That can't be right if placing was actually an even 7? :shrug:
You picked up $98 for the place and $70 for the show
Total won was $168
You bet $60
profit is $108
Oh crap, nevermind. It's 9.80 to place and 7 to show. :mj07: Told you I'm clueless! Still think my book is calculating that wrong though...
He ran a very nice race just ran into a better horse today. The Preakness is a little shorter with tight turns may be one to watch.
So the winning $20 that I bet gets split in half between the place and show? As you can see I really have no business betting horses. :mj07: Just placed a bet for fun, wasn't expecting to actually win anything.
And thanks for the info. I appreciate it.
Got it. Now it makes sense. So I take it it would have been A LOT better if he had hung on and won it, eh?
Win place and show are really $2 wagers so for every $2 wager you had on Hard Spun to place you won $9.80. But you bet $20 so you divide 2 into 20 which you get 10. Multiply 10 times the place payoff which was $9.80 and you get $98. So basically you had the place wager 10 times.
Perfect. Got it now. Thanks for taking the time to explain that. I wish he would have won it but my bet was pretty small so it's not like they would have had to break open Fort Knox even if he did win. :142smilie
My total bet was $60 though. $20 to win, $20 to place and $20 to show. So I think the total winnings of $108 is right, when you factor in the $60 that was bet.
You have to subtract the $20 for place and show also..
You give the cashier $60 and in return when you go collect they give you $168. Profit will be $108
