In step 3, divide the profits by three — not two — horses. The Place payout … Ex: American odds of -120 would win $100 on a $120 bet. Take a look at the Win Bet Payout Table below to find out the minimum win bet payouts depending on the post time odds of a horse. Round this amount off to $1.50 for breakage and you get odds of 1.5-1 or 3-2, as it would normally be written, which yields a payoff of $5 on a wager of $2. Half of the $530, $265, will be paid to the winners of each horse. Enjoy exciting live horse racing from Florida’s beautiful Gulfstream Park along with commentary and handicapping discussion for better, more successful horse … However, I played this for $5 ea so the payout is 2 1/2 times the amount shown. Betting a Favorite: The odds for favorites will have a minus (-) sign, and represent the money you need to risk to win $100. Because this was an “Across the Board” bet, I won both Place and Show amounts $3.20 and $2.40. Here were the results from the race. $2 Exacta 8-9 ($19.60), $1 Trifecta 8-9-3 … So if you're betting on the Packers at -140 against the Vikings, that means Green Bay is … The most common type of bet is a single, but bettors can combine different bets into one and place a multiple bet - this can be a double, treble or any other multiple (four or more bets in one). Decimal Odds. Watch the races you wager on FREE! In step 2, subtract the show money wagered on your horse and the two highest amounts of show money bet on other horses. Here are a couple of examples of Win payoffs based on the odds you might see on the tote board: 2/1 … Also, at times, the estimated show payoff will … $900 minus 15 percent equals $765. Bet from home! The estimate show payoffs are done the same way as the place payoffs. Take amount: 15 percent. Negative Figures (-): The odds indicate how much must be bet to win $100 profit. The “take” on Win Place Show wagers is generally around 17% depending on the jurisdiction. American Odds are the default odds at American sportsbooks. The house will take a 10% cut from the total pool, amounting to $120, leaving $1,080 in the betting pool. Here are the $2 bet payout results from the 152nd running of the Belmont Stakes. “Today a show bet can pay $2.10 or $2.20. Sometimes bettors use show bets for insurance. These odds are based on winning $100 for a given bet. Decimals quote the potential return should the bet succeed, relative to the stake. If the bet was for strictly $2 ea the payout would’ve been $3.20 + $2.40 for a total win of $5.60. They will wager $50 to win on a horse but then back it up with a $20 show bet in case the winner loses. Then winning bets of $300 are deducted leaving $530 to pay the winners. This can be accomplished by dividing the remaining balance by the total bet amount on each horse. In this case the ratio of winnings to winning bets on horse x will be $265/$100=2.65 and on horse y will be $265/$200=1.325. Click here! Add $2, and you get your estimate place price. Tiz The Law $3.60 $2.90 $2.60 Dr Post $5.80 $4.20 Max Player $5.20. Thereafter, the potential payouts for every horse in the race will be calculated. The takeout on Exactas and Trifectas can range from 19% to as much as 30% at some tracks. Insurance Bets. First the house takes their 17% cut leaving $830. Win Place Show Payout Examples. The Win Bet Payout Table will show you the minimum payout for a $2, $5 and $10 win bet, the decimal and fractional odds along with the post time odds ranging from from a 1/9 heavy … A bet can be broken down into two elements; the Stake - how much you risk, and the Payout - your potential return including your Stake. In the days with full fields, you could bet a horse that was first or second favorite and get $3.20.” $765 minus $300 equals $465. 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