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10 cent horse race Superfecta paid near $22,000.

Old 07-14-06, 03:38 PM
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10 cent horse race Superfecta paid near $22,000.

Talk About Letting Your Money Work for You

SWARTZ CREEK, Mich. (AP) A woman placed a 10-cent bet at a Michigan horse track and won $21,584, a track official says.

The Michigan woman, whose name was not released, made the bet Friday at Sports Creek Raceway in Swartz Creek, about 55 miles northwest of Detroit.

She placed two 10-cent Superfecta bets on a race being simulcast from the Hollywood Park track in Inglewood, Calif. The Superfecta requires gamblers to pick the four top-finishing horses in correct order.

"One of them won," Sports Creek general manager Chris Locking told The Detroit News.

She returned to the track Monday to collect her winnings.

"Pretty good return for 10 cents, isn't it?" Locking said.

Many tracks nationwide have introduced such 10-cent wagers to lure more customers, Locking said.

"It's been very successful," he said. "Twenty-thousand doesn't happen every day, but on a regular basis you'll see people winning $70, $200, $500 on a dime bet."
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Old 07-14-06, 03:51 PM
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Yeah, but according to our glorious House, making a 10-cent bet online on anything other than horse racing is so very very wrong.
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Old 07-15-06, 02:17 AM
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i never understood how that worked?

why not make 1000 bets of ten cents each to cover as many possibilities of outcomes as possible? thats only 100 bucks for a good chance at $22000. i dont know how many total possibilities there are (say 10 horses, have to pick 4 in order...is that 10P4? 5040? even that only $500 worth of bets)
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Old 07-15-06, 06:53 AM
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That's not a bargain. She made two bets for $0.20. The headline of the article and the thread title are wrong.

The odds do make me wonder though.
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Old 07-15-06, 09:18 AM
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Originally Posted by atari2600
i never understood how that worked?

why not make 1000 bets of ten cents each to cover as many possibilities of outcomes as possible? thats only 100 bucks for a good chance at $22000. i dont know how many total possibilities there are (say 10 horses, have to pick 4 in order...is that 10P4? 5040? even that only $500 worth of bets)

Yeah, but to hit that kind of payout, you need longshots to finish in the top-4. If the favorites finish in the top-4, you'll lose....a lot.
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Old 07-15-06, 12:31 PM
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Originally Posted by atari2600
i never understood how that worked?

why not make 1000 bets of ten cents each to cover as many possibilities of outcomes as possible? thats only 100 bucks for a good chance at $22000. i dont know how many total possibilities there are (say 10 horses, have to pick 4 in order...is that 10P4? 5040? even that only $500 worth of bets)
because every combination pays differently.
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Old 07-16-06, 02:29 PM
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ah i see. thanks.
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