Originally Posted by For The Lead
These kinds of show prices happen for one reason and one reason ONLY. A very large amount of money is bet on one horse to show an that horse runs out of the money. (usually the favorite)
The reason for your extra large overlay on the two horses you noted, was due to an extra large show bet on the favorite.
Had the favorite run in the money, even if it was only a 3rd place finish, your show prices would have been seriously lower, overlay or not. Here's the reason.
When a horse wins a race, the total money bet into the win pool is returned to the winning ticket holders, minus the track take out. NOTE: take notice that when there is a "dead heat" for the win position, BOTH horses will pay considerably less than the odds they went off at. Why? The total win pool must be divided up and paid to two betting interests rather than one. The track is ONLY going to pay out the money in the pool minus their take, I don't care if it is a "ten way" dead heat.
Next, all the money in the place pool will be divided up among all the winning ticket holders on either the winner or the place horse, minus the track take, since it is possible to have a winning "place" ticket on either horse. NOTE: Pay attention to an entry that runs 1,2. You will notice that the place price will generally exceed the win price. The reason for this? Where the place pool would normally be divided into two winning betting interests, an entry is just one betting interest, so all the money in the place pool is going to one entity.
Lastly, the show pool is divided up among three betting interests. The winner, the place horse and the show horse.
Just as an example, suppose there is $99,000 on one horse in the show pool and $1,000 on the remaining horses. I don't care if the remaining horses are 1,000 to 1, if they run in the money and the favorite also runs in the money, all $100,000 is going to get paid back to the winning ticket holders (minus the track take out), most of it being paid to the winning show tickets on the favorite. There will be very little money left over to be paid to the winning show tickets on the other two in the money finishers. Since most tracks, by law, have to return a nickle on a dollar, the show price on the favorite would be $2.10 and the other two in the money finishers would come back at $2.20, regardless of their win odds or the overlay they appeared to be in the show pool prior to the race.
Now if that horse with the $99,000 bet to show runs out of the money, the result is what you saw at MNR the other night.Like I said, it is the ONLY WAY it can happen.
So to answer your question, no, had the favorite in this race run in the money, the show prices on your two horses would have been diminished to the point where you would have barely made a profit.
You were VERY fortunate the other night.
Just one more note. If you have been paying attention to the win, place and shows pools, then you will have a better idea about this than I do since I NEVER watch those pools. There was a time when I did, but no longer.
I looked at the charts for the 8th, 9th and 10th races that night. The charts do not give a breakdown of the win, place and show pools, but rather, the total of all three.
In the 8th race the total w,p & s pools were $65,000.
In the 10th race the total w, p & s pools were $57,000.
In the 9th race (your race) the total w, p & s pools were $85,000.
You can check the rest of them if you like, but my guess would be that somebody bet $20,000 to $25,000 to show on the favorite in the 9th race.
So like I said, if you have been following the pools, then you will know how much more money was in THAT show pool than what would be considered "normal".
Hope this helps.
Good luck.
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