Quote:
Originally Posted by rmath
Pook, you only answered part of Conleys question.
He asked how much he would be awarded if he bet 30.00 on a horse paying 30.00.
From the answer you gave me I assume everyone will only get the actual amount equal to a 2 dollar bet regardless of the payoff .
So if this is true everyone should only bet 2.00 on every bet.
IS this right
Rmath
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Rich, ODDS are capped at 14-1 for Win (and at other caps for other pools). The example used $2 for familiarity. If you bet $1 to Win - you get credited for $15 for that $1 bet. Or $30 for $2, or $1500 for a $100 bet.
If a Mutuel price is 20-1, you still only get a maximum of 14-1 price. If 10-1, you get the full 10-1 price.
The $2 wager caps apply to the Mutuel
price, NOT to the
payoff of your wager, which can be many multiples of the base price.
In Conley's example, betting $30 on a $30 payoff for $2 = 30 x $15 tickets for each $1 =
$450 (or 15 x $30 for each $2 =
$450 if you prefer).
Ted