Derby winning bet question

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  • FlipsideRM
    SBR Posting Legend
    • 09-28-11
    • 10518

    #1
    Derby winning bet question
    I bet Pharaoh at closing odds of 5/2....but the tv announcement says it pays 7.80 for every 2$ bet, which means it really isn't 5/2 odds. How does it work, Does that mean my 50$ win bet pays 195$ for 7.80. Or do I only get 125$ at the 5/2 odds?
  • cbiscuit
    SBR Wise Guy
    • 03-14-07
    • 633

    #2
    Figure 7.80 X 25 = $195 Very close to 3-1 which it would have been if it went up 1 tick and paid $8.00. Good job now keep playing ponies!
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