Quote:
Originally Posted by MRAB54
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?
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Because if a 38-1 longshot doesn't win then the payout isn't near as large. If BB won, it would have been much, much lower.
Trifecta money comes out of a pool, which is all the money bet on the trifecta. So the pool minus the track take divided by the # of winning tickets = the payout.