The horse must finish in first in order for you to win. Place: With a place bet, if the selected horse you picked finishes either first or second you win. A place bet typically pays less than a win bet if wagered on the same horse. Show: With a show bet, your horse can come in first, second or third and you win.
When should you place a bet on a show?
A win bet means your horse must win, a place bet means it must finish first or second and a show bet means it must be first, second or third though of course this means a lower payout.
How much is a $10 Win Place Show bet?
If you place a $10 each-way bet with a place and show bet, you will end up paying $20 ($10 is allocated to the place bet, while another $10 is allocated to the show bet). Your selected horse merely needs to finish second to win both bets or finish in third to win half of your bet.
How much do you win on a place bet?
Place payoffs typically pay between $3.00 and $10.00, but can pay more with longshots and less with overwhelming favorites. Since the money you win in a place bet is generated by all of the money bet on the losing horses, the more horses in the race the greater your chances for a larger place payoff.
Can you lose money on a show bet?
The theory behind an excessively large wager is that most tracks are required to return no less than 5% on any bet. So if there is too much money placed on one horse, the track can actually lose money by virtue of the mandatory 5% payout.
How much does a $2 across the board bet cost?
The term “across the board” is shorthand for making three bets simultaneously: win, place and show. Therefore, a $2 across the board wager will cost you $6 ($2 to win, $2 to place and $2 to show).
How much is a trifecta bet?
Trifecta Box Costs:
|$1 Trifecta Box with three horses||$6 (6 possible combinations)|
|$1 Trifecta Box with four horses||$24 (24 possible combinations)|
|$1 Trifecta Box with five horses||$60 (60 possible combinations)|
|$1 Trifecta Box with six horses||$120 (120 possible combinations)|
How are show payouts calculated?
Calculating the Payouts for the Win Place Show Bets
- From that odds ratio, you take the first number and multiply it by 2 (remember, if the odds is a whole number, place that over a 1 – for example, 7 would be 7/1)
- You take that number and divide it by the second number of the odds ratio.