Ok, ONE last time

[2MinsToPost]

Ok, just ONE LAST TIME help me with how they calculate these payoffs on the Pick 3's...............

[brianwspencer]

Originally Posted by 2MinsToPost

Ok, just ONE LAST TIME help me with how they calculate these payoffs on the Pick 3's...............

It's all parimutuel. It's like a prolonged exacta in many ways.

Think of it this way. If a pick-3 pool is $1,000 and the takeout is say 20%, that means there is $800 to pay out.

Now, Race 1 winner #1 pays $3.80. Race 2 Winner #6 pays $5.60. Race 3 Winner #2 pays $10.00.

Your winning pick-3 is 1/6/2.

It is possible, let's say hypothetically, that YOU are the only player out of those 1000 original different $1 combinations that holds a ticket that says 1/6/2. You win $800.

On the other hand, 9 of your friends took your advice and also hold a 1/6/2 ticket. Now, each of your payout is $80 beacuse you 10 are splitting the pool.

Now imagine that that $1000 worth or original combinations was 1000 different people playing a straight $1 pick-3 ticket 1/6/2. That means that every single ticket was a winner, and now each of those 1000 winners gets a return of $0.80 on their ticket.

These are examples that are extremely impractical, but I find that using examples like this helps me grasp things like this. After the takeout, every winning combination splits its fractional portion of the remaining pool, whether that is one person with the right ticket, or 1000 people all with the same correct ticket.

Did that help at all?

[2MinsToPost]

Ok, thanks to those who took the time to drill this into my thick stubborn head. I finally have a grasp of the way the payoffs work in these.

[jpops757]

I took a shot in that pk 3 because of the 1/9 in the first and the short field in the 2nd. I singled the first and the second with all in the third/ The only problem I didnt use the 1/9 in the first. Took a shot at a nice play and it didnt work but I loved Frankles horse and thought he would go off about 3/1. He got bet down a bit but he was my key along with the 1/9 getting beat but all I did was clutter the floor. Not the first time and doubt if its the last time. If you play a 1/9 it is time to play those $20 and $50 pk3 if you are looking for a bigger pay. If the 1/9 was in the 2nd or 3rd leg it would have probably paid a bit more.

[SCUDSBROTHER]

The 1st pick 3 is pretty typical of a pick 3 with a couple chalks in it(they only pay the win parlay.) The 2nd one is way low.People hide money in these pick 3 bets a lot.There really is no reason for a pick 3 (with decent paying horses) to pay less than a win parlay.They don't want their money to show up in the win pools.For these pick 3 bets to pay so low(like the one ending in the last race,)one of these horses in the pick 3 is being bet down(in the pick 3)to the equivalent of half their win odds.That is not the general public that does that(especially at a big track.)Believe me,the general public pretty much plays horses (in the pick 3) the same way they do in the win pools.The reason for the low pick 3 payouts(way under the win parlay) is inside money that people don't want showing up in the win pools.

[Gander]

I was sort of surprised they didnt take Billy's Echo down. Any time they have a chance to screw people out of a hitting a 30/1 shot they do. When I saw that there was an inquiry I was sure he was coming down and Yes Master was doing his best imitation of the Jeffersons... moving on up.

[SCUDSBROTHER]

Did they name that horse wrong or what? Yes Master should behave,and not look to be quitting before the Master says so.