How Much Does A Win Place Show Bet Pay
The “take” on Win Place Show wagers is generally around 17% depending on the jurisdiction. The takeout on Exactas and Trifectas can range from 19% to as much as.
If you're making an Each-way bet, enter the individual stake, but remember that it will cost you double i.e. A '£20 pound each way' bet is, in fact, TWO £20 bets, so it costs you £40. But for the calculator, enter it as £20. If you're unsure of any of these terms, please check out Betting odds explained and Different types of sports bets. Payoffs represent your profit PLUS the return of the $2 you originally bet. A winner at 5-2 means that will pay $5 profit for every $2 wagered. The payoff is $7 which is the profit ($5) plus the cost of your wager. Odds are simply the way prices and payouts are shown at a horse track. The numbers displayed as 4-7 or 2-5 tell you what you pay and how much you get back if the horse you bet on wins. The first number.
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Show - Your horse comes in first, second, or third. (On average 65% of favorites win, place or show.)
How to Place a Show Bet
Show - Your horse comes in first, second, or third. (On average 65% of favorites win, place or show.) The payout will be the same in either of the three positions. Also referred to as in the money.
Show bets are typically much more fun for new bettors. Since it is the most conservative bet at the track, the payouts will be the lowest, however it offers you the highest probability of winning. At the ticket window just say: “$2 to show on number 5”. At US Racing it is as easy as selecting your horse and wager amount.
Show bets are more profitable when field size is large, preferably 8 or more.
The objective of betting on horses is to win. Show bets offer the highest chances of winning out of all the bets thereby making this wager the best for those new to racing.
Show Bet Strategies:
Show Parlay. This is when make a show bet on a horse and then wager the winnings of that wager on another race. Also, the winnings can be divided up and to place two show wagers on different races.
Sometimes, a group people will all put in $5 to wager show bet to win dinner that evening. The winnings of this 'table bet' can be parlayed into another wager.
Insurance Bets. Sometimes bettors use show bets for insurance. They will wager $50 to win on a horse but then back it up with a $20 show bet in case the winner loses.
Also, at times, the estimated show payoff will be the same or larger than the place payoff. In that case, why not bet to show and take advantage of an aberration in the betting pools?
Better Pools. Be sure to check the show pool amount as it maybe larger than the place pool.
Win, Place, Show – How To Bet On Horses (Part 2)
Continuing with the example from the prior post: Win, Place, Show (Part 1), let’s change the order of finish slightly by switching the top two horses #8 and #2.
The former payouts are shown on the left for comparison, and the new payouts are shown on the right.
Since #2 is now the winner, his payout line is switched to the top of the chart. He pays $12 for a win ticket because his odds are 5-1. Formula (5 x $2) + $2.
Notice that the #8 place price stayed exactly the same ($7), as did the #2 place price ($6). That is because the same two horses finished in the top two positions, just in reverse order.
Now let’s change the order of finish again by pushing the #8 horse back to 3rd place and moving the #6 horse up to 2nd place.
Since #2 remains the winner, his Win price ($12) does not change. However, notice that his place price decreased from $6 to $5. Why? Because more total money was bet on #6 (the new 2nd place horse) to place than on #8 (the former 2nd place horse). This is reasonable, considering that the Win odds on #6 are 3-1, while the Win odds on #8 are 7-1.
Generally the amount of money bet on a horse is proportionate between the Win, Place, and Show pools. The simple reason why the payout is less for Place and Show wagers (compared to Win) is that the payout pool is being divided by two horses for Place and three horses for Show.
How Much Does A Win Place Show Bet Payments
You can conclude from this information that your best return from a Place or Show wager generally happens when the favorite(s) does not finish “In The Money” (The Top Three Spots). Unless of course you bet on the favorite, which is another story!
How Much Does A Win Place Show Bet Payouts
There are a lot of opinions on whether or not it’s even wise to make Place and Show bets, as opposed to just Win bets, but we’ll save that topic for a future post.