I'm trying to figure out how the odds are computed for a trifecta bet here, my math has got to be way off. I always thought that to find the number of permutations for choosing 3 horses out of 10 would be:
10! / (10 - 3)! = 720 different possible bets.
But the payoff for a 2 dollar trifecta was around 3,500. So why could you not just put 2 bucks down on every possible finish and win money?
|