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Generally: Take the total amount wagered in the trifecta pool and multiply it by the takeout rate (a.k.a. commission rate). Subtract this amount from the total amount wagered in the pool. From the amount remaining (the Net pool), subtract the amount of money that was placed on the winning Trifecta combination, leaving you with the Profit pool. Divide the Profit pool by the amount that was bet on the winning combination. Add 1 to the division's resulting amount. Drop the pennies so you're left with the dollars and dimes. This is the payout (price) amount on the winning combination per $1 of winning money.
What else can I help you with?
What is a Tote in horse racing?
Tote, the abbreviation for Tote board, is the name for the computerised system which runs parimutuel betting, calculating payoff odds, displaying them, and producing tickets based on incoming bets.
What is the definition of parimutuel window?
Generally, the association is with horse racing. The bet system at race tracks are set up on a "parimutuel" system. The breakdown of payouts is determined by how much was bet and on which horse. In other words: you can't bankrupt the house at a horse racing track because all the total payouts for a race are based on the total stakes for that race. (Minus the house cut) So, the answer to your question: a "parimutuel" window is a window, for betting, at a (most likely) horse racing venue.
What sort of a bet is a trifecta?
A trifecta bet is a type of bet that is made in horsraces. One bets which horse will become first, second, and third place in the race in their opinions.
What happens to a bet on a trifecta and one of the horses drops out before the race.?
You get your money back for the horse or horses that are scratched from the race. if you only bet 3 horses in your trifecta, then you get the entire amount back.
If you won the trifecta what did you do and in what sport?
The trifecta is the pinnacle of achievements in betting on the horse races. In order to pull one of these off, the gambler must predict all three horses that will win in the correct order.
If you won a trifecta at the horse track do you have to pay taxes if your 75 years of age?
It's not YOUR 75, it's YOU'RE 75. If you won the Trifecta the track would take 20% and you would have to get a refund when you file YOUR tax return.
In a twenty horse race what are the odds of picking a trifecta?
In a twenty-horse race, a trifecta requires selecting the first three finishers in the correct order. The odds of doing this can be calculated as the number of ways to pick three horses from twenty, multiplied by the permutations of those three horses. Specifically, the odds are 1 in 6,840, as there are 20 choices for the first horse, 19 for the second, and 18 for the third, leading to (20 \times 19 \times 18 = 6,840) possible combinations. Thus, the odds of picking the correct trifecta are 1 in 6,840.
Is betting on the outcome of a football game a parimutual ticket or a non parimutual ticket?
Betting on the outcome of a football game is a non parimutuel ticket. The parimutuel system is used in gambling on horse racing, greyhound racing and all sporting events of relatively short duration in which participants finish in a ranked order.
What is trifecta?
A horse racing bet in which a player selects three horses in one race to finish 1st, 2nd and 3rd in exact order.
How are the odds determined on racetrack bets?
In the US, we use the parimutuel system which means that the betters set the odds by the money they bet. The more bet on a horse, the lower the odds. The favorite has the most money bet on him while a longshot is a horse with very little money bet on him.
What is an prefecta in horse racing?
if you mean trifecta, this means that the 3 horses you have chosen to bet on, come in and win in that order. There is also a PERFECTA which means that the 2 horses you have bet on must come in and win in that order
How do you calculate a horse's speed?
Radar gun.
