johnycakes99
johnycakes99
Joined: May 5, 2016
  • Threads: 1
  • Posts: 1
May 5th, 2016 at 2:52:45 PM permalink
Question regarding Horse Betting.....

If I placed a $100 bet on a horse at 15-1 a week before the race, but the closing odds were 2-1 and this horse won the race..... Would I get paid $1500 or $200......
Samhain
Samhain
Joined: Mar 4, 2016
  • Threads: 6
  • Posts: 47
May 5th, 2016 at 4:53:33 PM permalink
Quote: johnycakes99

Question regarding Horse Betting.....

If I placed a $100 bet on a horse at 15-1 a week before the race, but the closing odds were 2-1 and this horse won the race..... Would I get paid $1500 or $200......



$200. Whatever the odds are when that gate opens is what they'll be. That's why Its always a mad scramble to the window 5 minutes before a race, people wait until the last second to bet knowing those are the "true" odds.

Now with sports, you are locked in whenever you place your bet. If you bet the chargers -7 (-110) on Friday, and the line moves to -6 (+185) before kickoff, your bet still remains -7 (-110)

  • Jump to: