Can Some Please explain this

eajinabi · #1 07-09-2007, 01:44 AM

I was just looking at Ellis Park results for 7-8-07 and I noticed the pay off for the pick 4.

it read as follows:

$2 Pick 4 (2-2-6-6) 4 Correct Paid $79,795.80 Pick 4 Pool $20,787

is this right??

How can the payoff be more than the pool? I know Ellis Park has 4% takeout on Pick 4 but this still does not makes sense to me.

BillW · #2 07-09-2007, 02:23 AM

It was hit for $0.50.

unassailable08 · #3 07-09-2007, 08:18 AM

how does that work

NTamm1215 · #4 07-09-2007, 08:54 AM

There was only one winning ticket and it was on a $0.50 ticket. In that situation the track displays the $2 dollar payoff in part because it makes the payoff look gigantic. You have to take the gross pool, which was $20,787, then deduct the 4% takeout, which was $831.48. You are left with about $19,950, the $0.50 cent payoff.

Same thing happens when one dime takes down the whole superfecta pool. You can end up with a $200,000 super payoff when in truth the pool doesn't have nearly that amount of money.

NT

10 pnt move up · #5 07-09-2007, 08:58 AM

Quote:

Originally Posted by NTamm1215

There was only one winning ticket and it was on a $0.50 ticket. In that situation the track displays the $2 dollar payoff in part because it makes the payoff look gigantic. You have to take the gross pool, which was $20,787, then deduct the 4% takeout, which was $831.48. You are left with about $19,950, the $0.50 cent payoff.

Same thing happens when one dime takes down the whole superfecta pool. You can end up with a $200,000 super payoff when in truth the pool doesn't have nearly that amount of money.

NT

again, just another reason lower minimums are a good thing on all bets.