never question payouts

[Dunbar]

Originally Posted by robfla

some websites have a 300:1 max - some have higher max's on exotics.

if they say 300:1 then that is the base of the ticket regardless of investment/combinations


i am sure this is true. and I dont want to debate it. but i would venture to guess that if you invested $200 and it paid 60,000 I hardly think you wouldnt get the 60k. that is still 300:1 on investment but not on base.



I also think if it paid 5100 for the 17 ticket they would have given you a hard time. they might even take back the 120 overpaid already.

bottom line... I would always use a US based site that is reputable and submits their action to the track ( xpress, youbet, etc ). unless pinny comes back to the US

Are you are saying that the tri payout is capped at $300, regardless of how much you bet or what the odds are? If that's what you are saying, I am quite sure it is NOT true, at least in general. I know of no racebook that caps the tri payout at $300. There may be an isolated racebook that does cap the payout at $300, but that is most definitely NOT the general rule. If you bet $2 on a 400-1 tri at any major offshore race book with a 300-1 cap on tris, you would get paid $602.

Here is part of World Sports Exchange's "rules" for horseracing bets:

"The maximum amount for any win, place, or show wager is $2,000.

The maximum amount for any exacta, quinella, trifecta, or Daily Double wager is $200.

Trifectas pay track odds, with a maximum payout of 300-1.

Exactas, quinellas, and Daily Doubles pay track odds, with a maximum payout of 100-1. "

This is pretty typical, though it's important to check the rules of any racebook you might be interested in. World Sports Exchange is on of the few offshores that doesn't cap WPS odds.

Some racebooks don't cap the odds on tris or other exotics, but have a cap on the total you can win from an individual race. At CRIS (Bookmaker), the cap ranges from $30,000 at major tracks down to $5000 for very minor tracks.

--Dunbar

[robfla]

Originally Posted by Dunbar

Are you are saying that the tri payout is capped at $300, regardless of how much you bet or what the odds are? If that's what you are saying, I am quite sure it is NOT true, at least in general. I know of no racebook that caps the tri payout at $300. There may be an isolated racebook that does cap the payout at $300, but that is most definitely NOT the general rule. If you bet $2 on a 400-1 tri at any major offshore race book with a 300-1 cap on tris, you would get paid $602.

Here is part of World Sports Exchange's "rules" for horseracing bets:

"The maximum amount for any win, place, or show wager is $2,000.

The maximum amount for any exacta, quinella, trifecta, or Daily Double wager is $200.

Trifectas pay track odds, with a maximum payout of 300-1.

Exactas, quinellas, and Daily Doubles pay track odds, with a maximum payout of 100-1. "

This is pretty typical, though it's important to check the rules of any racebook you might be interested in. World Sports Exchange is on of the few offshores that doesn't cap WPS odds.

Some racebooks don't cap the odds on tris or other exotics, but have a cap on the total you can win from an individual race. At CRIS (Bookmaker), the cap ranges from $30,000 at major tracks down to $5000 for very minor tracks.

--Dunbar

now i am misunderstanding YOU

one line you say not probable, but post the rules that say just that

[robfla]

ok.. i said 300 to 1

not $300.00

[SentToStud]

here's allhorseracing's rule:
============
Ticket Pay out Limit Rule

Win, Place, Show wagers pay full track odds. All other wagers pay full track odds up to a maximum payout of 300/1 your original bet amount. There is a Cap Payout Limit of $25,000 on any winning ticket.

There are no limits on how much you can place on any one horse or bet type. However, you will see that each ticket has a bet limit (typically $1,000), you simply need to make multiple bet tickets to get to the bet amount you seek. There is a $20,000 limit per betting ticket.

There are no house odds. If there are no track payoffs for a certain type of wager, all wagers on that type will be refunded.
============

[timmgirvan]

Originally Posted by Dunbar

Are you are saying that the tri payout is capped at $300, regardless of how much you bet or what the odds are? If that's what you are saying, I am quite sure it is NOT true, at least in general. I know of no racebook that caps the tri payout at $300. There may be an isolated racebook that does cap the payout at $300, but that is most definitely NOT the general rule. If you bet $2 on a 400-1 tri at any major offshore race book with a 300-1 cap on tris, you would get paid $602.

Here is part of World Sports Exchange's "rules" for horseracing bets:

"The maximum amount for any win, place, or show wager is $2,000.

The maximum amount for any exacta, quinella, trifecta, or Daily Double wager is $200.

Trifectas pay track odds, with a maximum payout of 300-1.

Exactas, quinellas, and Daily Doubles pay track odds, with a maximum payout of 100-1. "

This is pretty typical, though it's important to check the rules of any racebook you might be interested in. World Sports Exchange is on of the few offshores that doesn't cap WPS odds.

Some racebooks don't cap the odds on tris or other exotics, but have a cap on the total you can win from an individual race. At CRIS (Bookmaker), the cap ranges from $30,000 at major tracks down to $5000 for very minor tracks.

--Dunbar

Dunbar: I hit a tri for 900 and a super for 1500 on Bodog......and they paid 600 total! That's fact!

[SilverRP]

Again, why would a person use a service that had a $300 top when other services pay in full? Do you not pay monthly? Do you not pay to bet? Are there only certain tracks that this service has? What I'm saying is, how in the world are these types of services in operation? Seriously, if someone told me I can bet a tri, but if I hit it for a grand I would only get $300, I wouldn't bet with them.

[timmgirvan]

Originally Posted by SilverRP

Again, why would a person use a service that had a $300 top when other services pay in full? Do you not pay monthly? Do you not pay to bet? Are there only certain tracks that this service has? What I'm saying is, how in the world are these types of services in operation? Seriously, if someone told me I can bet a tri, but if I hit it for a grand I would only get $300, I wouldn't bet with them.

Hindsight is 20/20

[robfla]

Originally Posted by SilverRP

Again, why would a person use a service that had a $300 top when other services pay in full? Do you not pay monthly? Do you not pay to bet? Are there only certain tracks that this service has? What I'm saying is, how in the world are these types of services in operation? Seriously, if someone told me I can bet a tri, but if I hit it for a grand I would only get $300, I wouldn't bet with them.

I totally agree, but i guess...

people make mistakes. he admitted it was a mistake.

people use different sites for different reasons ( rebate, a friend told them about it, advertising, good looking web site, etc. )

Thats why there was pinnacle, sbg, sportsbook, bodog, etc.... Diff strokes for diff folks

I'm guessing that he saw a nice banner ad somewhere and took a shot.

____________________________

To the OP: Dunbar gave you some good advise, don't bring up the 300:1 rule, just concentrate on getting your money without a big stink.

Good Luck

[skippy3481]

I know for a fact that sportsbook pays 300-1 to one on all bets regardless of how much you bet. As long as its a dollar ticket, it pays 300-1. Sportsbook used to have some really good bets, but over the past several years, their customer service has hit the fan and bet variety and odds have gone way down. As mentioned before, bookmaker is an excellent site, from which you can bet a number of events.

[Dunbar]

Originally Posted by timmgirvan

Dunbar: I hit a tri for 900 and a super for 1500 on Bodog......and they paid 600 total! That's fact!

I'm not disputing any part of that. You must have had a $1 hit on the tri and a $1 hit on the super. Had you for some reason bet $2 on each winning ticket, you would have been paid $1200.

I don't bet Bodog, but from its rules, it looks like they are now capped only by a 'total win per race'. I can't find a reference to a 300-1 limit on exotics, but maybe I missed it. And maybe they used to have the 300-1 limit you experienced, but then switched to the Pinnacle model of capping the total amount of win.

I agree with Silver that you should never bet tri's at a book that caps the payoff unless you are absolutely certain your payoff will be under the cap.

--Dunbar