How Does Win Place Show Payout
What is a Show Bet?
Start a small ($10 or $20) five-leg parlay and make the first four legs Show bets on lower-priced horses. Then close it to a Win bet on the horse you like most. You just might be able to parlay your $10 or $20 base bet into a $50 or $100 Win bet on your horse just by making a series of Show bets.
- The Win Place Show game has ended. The last race and date to purchase tickets was January 23, 2021. Winning tickets can be claimed within 180 days of draw/race date. Free and replacement tickets claimed after January 23 will be redeemed for $2.00.
- Roulette payouts are an important part of roulette strategy. They work like this. The odds are stated in the form of x to 1, which means you’ll win x dollars for every dollar you’ve bet. For example, the single number bet offers a payout of 35 to 1. If you win, you’ll get your dollar back plus the $35 for the win.
- 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 tells you how much you could win, the second number is the amount you bet. So, if the odds are listed as 2-1, you’ll get $2 for every $1 you bet.
- Assuming you placed a $2 wager on a 7-5 horse, you’d win $4.80: 1.4 times two, plus your $2 bet. Place and Show Wagers. If you bet Lucky Duck to place or come in second rather than win, your bet will still pay off if he comes in first. The horse you wager on must finish the same or better than the wager you placed on him for you to win money.
When you bet to show your horse must finish first, second or third in order for you to cash a ticket.
The problem with show betting is that while your risk is reduced (you cash a ticket if your horses finishes anywhere in the top three positions), the payoffs are often very small when compared to win or place betting. This is because the show pool (all money wagered to show on a race minus the track takeout) must be divided equally and paid out to the holders of show tickets on the first three finishers in a race.
Additionally, the payoffs on show bets are dependant on which horses finish in the top three positions. If the favorites run out of the top three positions, the show payoffs will normally be higher than if the favorites finish in the first three positions.
Win Place Show Bet Payout
There are a few situations, however, when show betting can be either justified or just plain fun.
The first situation occurs when a race includes one short-priced favorite and ALL other runners in the race are longshots. In this scenario, the favorite will sometimes pay as much to place and show as it does to win.
The second situation in which show betting can offer a good payoff is when you really like a horse to win, and you think the favorite or favorites can finish out of the money. In this case, you have reduced your risk by betting to show while also having the opportunity for a decent payoff. In this scenario, betting your selection across the board (win, place, and show) might also be a reasonable option.
One of the most popular low-risk show wagering strategies (and the most fun), is to play a show parlay. Starting with whatever amount you are comfortable with, you play a horse to show. If your horse finishes in the first three, you take all the winnings and bet them back on the next race to show. You’d be surprised how quickly this can add up to a substantial amount.
For example:
In the first race of your parlay you bet a horse to show, and it finishes in the top three and returns $3 for a $2 show bet. If you had wagered $10 to show, you would now have $15.
In the second race you bet your $15 to show and your horse finishes in the first three, returning $2.80 for a $2 show wager, and increasing your bankroll to $21 (7.5 * 2.80). You have now doubled your original $10 stake.
In the third race you bet your $21 to show and your horse finishes in the first three and returns $3.60 to show. You now have $37.80 (10.5 * $3.60).
In the fourth race you bet $37 to show, and your horse again finishes in the first three. You’re on a roll! This time your horse pays $3 to show for a $2 wager, and you have increased your original $10 to $55.50 (18.5 * $3). If you keep going it won’t be long before you have increased your initial stake of $10 to over $100.
Win Place Bet
The best way to play a show parlay is to set a reasonable goal of how much you want to win and to keep betting the show parlay until you get there. You then start over. If you don’t make it to your goal on the first try, you have only lost $10.
Show parlays are affordable, fun and can be lucrative. They give you action on every race at a very low cost and the closer you get to your monetary goal, the more the tension and excitement builds.
Limited bankroll? Enjoy yourself by betting to show!
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Parlay betting allows horseplayers to bet the races they want, their way. Since your Parlay races don’t have to be consecutive on the card, you can identify the horses you want to bet no matter the race they’re in. Plus, you can alternate between Win, Place and Show bets, so you can build your Parlay based on how strongly you feel about each horse. Plus, parlay wagering is the only way to roll over all of your winnings to the next bet – even the pennies. So you really are betting every penny.
My preferred Parlay betting approach is to build a Parlay around my day’s ‘best bets,’ especially when they’re racing later in the card. Start a small ($10 or $20) five-leg parlay and make the first four legs Show bets on lower-priced horses. Then close it to a Win bet on the horse you like most. You just might be able to parlay your $10 or $20 base bet into a $50 or $100 Win bet on your horse just by making a series of Show bets. And if you lose along the way, you’re only out your starting amount. But if you win, you could be looking at a very nice payout.