Quote:
Originally Posted by Rutgers
Assuming 8 horse fields, the number of possible outcomes for various bets:
Win - 8
Exacta - 56
Daily Double - 64
Trifecta - 336
Pick 3 - 512
Superfecta - 1,680
Pick 4 - 4,096
Pick 5 - 32,768
Pick 6 - 262,144
Three by Three - 37,933,056
With that many possible outcomes in the Three by Three, in order to offer fair value on combos that include horses that have a better than random odds of finishing in the money, the pool would need to be in the millions.
Unless the pool reaches well into the millions (which it won’t), the amount of the takeout does not matter. It is a terrible bet, even with a takeout of zero
For what it is worth, guaranteed pools do not lower the effective takeout unless the guarantee is not reached.
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Except you do not need all 9 horses in correct positions to get some money back.
If I read it correctly, 9,8,7,6,5,4,3 correct out of the 9 positions get some back. If you go deeper than boxing 3 in a race you could get multiple 'wins'
similar to those slot machines with paylines all over the place, you are not even sure which of them won.
