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Parx Show Prices R8 11/13
Appreciate if someone can someone help me understand this. I realize it's Parx and get all the jokes, but I'm genuinely curious and also found it interesting. I don't think I have seen this before- I've only been playing for 40 years- but maybe I haven't been paying close enough attention. My bankroll would certainly suggest I haven't!
The show prices were $2.10 (1/5 favorite), $26.20 and $33.60. The pools were beyond weird. Total show bets were approx $40k (Place pool $15k). 1/5 winner took "only" $21k of the total to show. The 2d and 3d runners have $405 and $311 (whole dollars) on them to show. Assuming 17% rake, there is about $33k distributable. Once deducting the winning wagers, there's $11.3k of profit to distribute, or about $3.8k per show runner. Odds would be as follows:
1. $3.8/$21= $0.18 rounded down to $0.10 for breakage
2. $3.8/$405= $9.5
3. $3.8/$311= $12.2
Actual payouts implied 12-1 on place horse and 15.5-1 on show horse. I believe this is because the show odds to the winner were actually $0.05 rather than $0.10. That resulted in $0.13 of "breakage", which multiplied by $21k of winning show bets on the favorite gifted an additional $2,600 or so to the other winning show bets. Does that seem correct? I thought the breakage would go to $0.10 but not $0.05.
Thanks!
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