by Douglas James
(USA)
Question. I bet $50 on a horse to win that was running at 9-1 odds. The horse won and paid $20. Why did I only receive $450 from the track (i.e., 9 x $50) instead of $2000 (i.e, $50 x $20)? Thanks
Answer: A base wager is $2 so the $20 you mention is calculated 9*2= 18 + 2 base wager = $20
However the return on your $50 stake is calculated 9*50 = $450 - I presume your $50 stake was added to the $450 for a total of $500
Click here to post comments which will appear on the page under the original Post
Returns Policy: Once a customer has agreed to pay for a product or service no returns will be permitted or payments returned.
All PayPal transactions are subject to the PayPal Privacy Policy
Privacy Policy: Personal details provided to this site by an individual may be shared with third parties unless requested otherwise.
Above policies updated 15 March 2018