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#1
09-29-2008, 10:00 AM
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Stupid Questions of the Week
I was just thinking about this...
If you bet Canadian tracks are payouts based on Canadian dollars or US when betting on line. If you're at these tracks I would assume it is Canadian but have never noticed any kind of exchange and thought payouts were the same which would not take into account the exchange rate. What gives? Spyder
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#2
09-29-2008, 11:42 AM
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My response is PURE speculation but I would think that since you're betting in US$ your payout is in US$. It probably doesn't matter as there is no change in FX rate during the running of the race.
If you we're betting in CA$ you would actually be betting more in US$. For example to wager CA$ 2.00 it would cost you US$2.50 (Hypothetcial FX rate) If the bet paid CA$ 4.00 than you would get US$5.00 The same even money back. So if you bet US$ 2 than I tghink it makes sense that your payout woiuld be in US$. Does this make sense to any one else?
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