There will be 6 betting pools permitted, in the spirit of handicapping prowess and not swinging for the fences with super-longshots or runaway payouts, payouts in each pool will be capped as follows:
Win - $30 for a $2 bet
Place - $15 for a $2 bet
Show - $7 for a $2 bet
Exacta - $60 for a $1 bet
Double - $60 for a $1 bet
Pick3 - $250 for a $.50 bet (or $500 for a $1 bet)
Minimum bets for each pool are:
Win/Place/Show - $2
Exacta/Double - $1
Pick3 - $.50
Examples:
Bet $2 Win with payout price of $40 for each $2 - you get $30 ($2 maximum)
Bet $5 Exacta combo which pays $70 for each $1 bet - you get $60 ($1 maximum) x $5 = $300
Bet $1 Pick3 combo with pays $600 for each $1 bet - you get $500 ($1 maximum
Please see discussion from last year for several questions and answers about bet maximums and payouts:
http://paceandcap.com/forums/showthread.php?t=13696
You can bet any amount you want in each pool (subject tot the minimum above), as many horses per race and per wager, and as many races for the day as you want - up to the $100 daily maximum.
Feel free to ask any questions!
Ted