1st race at Lingfield, 6 horses, I made what's called a "swinger" bet, which (as most US bettors probably aren't familiar with) it's picking 2 of the top 3 horses, in any order of the 1st three positions.
I bet a combo with the pretty heavy favorite (around 3/5 M/L) and a horse that went off at 8-1 (3rd choice).
The payoffs were as follows:
For the winner: 1.4 for the win, 1.8 for the place. (well, that's already pretty bogus!)
For the 2nd place horse 2.5 for place.
Now the swinger bet for these 2 horses paid 1.1 (one dollar gets you $1.10 back).
If you think about it, say instead of a swinger bet, it was a show bet. Well, the favorite coming in top 3 would have probably paid 1.1 ($2.20 show, at least that's what most 6 horse fields with heavy favorite would pay in the U.S.). So if the favorite does show, that means the other horse now only has 2 other places to complete this swinger wager. You'd thing that would be considerably more difficult, and therefore must have a higher payoff.
WTF is going on there in these UK pools? Are they so small that one large bet can knock things down to such low odds?
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U.K Racing Bogus Payoff
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