Odd Payout at Ellis Pk Today (Penny Breakage)

[IRISHLADSTABLE]

I bet Surprisingly today in the 3rd race at Ellis Pk
The horse won And paid $ 6.28 $ 3.72 $ 3.02
I never seen payouts with pennies before
It always was rounded up or down
$6.30 $3.70 $3.00
Jimmy

[BarchCapper]

Since July 15th at Kentucky tracks, bill passed KY legislature and was signed around end of March.

https://www.bloodhorse.com/horse-rac...-at-ellis-park

[ThreeHorseEntry]

I went and bet Ellis today too to experience penny breakage. It's not where I would usually play. I went there only because they are treating the player better.

Nice to pick up 5-10% on some wagers compared to a typical dime breakage racetrack.

You should message your usual track(s) asking them when they will go to penny breakage.

[green80]

new breakage law, instead of getting 6.20 you got 6.28, don't complain

[IRISHLADSTABLE]

Tom,
Thank You for the information
Jimmy

[AndyC]

Originally Posted by IRISHLADSTABLE

I bet Surprisingly today in the 3rd race at Ellis Pk
The horse won And paid $ 6.28 $ 3.72 $ 3.02
I never seen payouts with pennies before
It always was rounded up or down
$6.30 $3.70 $3.00
Jimmy

I think the only round up you can get is when there is a minimum payout and the actual payout is less. E.g., show bet actual payout should be 2.06 but the minimum is 2.10.

[Jeff P]

I didn't bet the race, but I noticed something odd yesterday Fri 07-22-2022 at Penn National.

R6 was scratched down to a field of 2.

The winner #1 UNCLE BUDDY paid $2.10 to win.

Looking at the win pool $2.10 was definitely the correct payoff.

The odd thing was that for the entire time betting remained open:

The odds displayed for #1 on the PEN track video were 1 to 9.

But if you do the math:

A $2.10 win payoff isn't 1 to 9.

A $0.10 return on a $2.00 wager is actually 1 to 20.

If I were selling bananas in a grocery store in Pennsylvania and my signage said they were 59 cents a pound but my scales were actually weighing out every 1.00 pounds as 1.05 pounds:

The state of Pennsylvania would have a problem with that.

How is this any different?

It's not.

Now the funny thing is that as soon as I looked at the win pool amounts I knew that if the #1 horse won they were going to pay $2.10. Never once did I expect them to pay out $2.20.

It only occurred to me after the race was official that a $0.10 return on a $2.00 wager is actually odds of 1 to 20.

But if you are going to pay $2.10 to win in Pennsylvania, I'm thinking maybe earmark some of the slots subsidy you've been getting all these years to display the correct odds on your track video.

On the more serious side... THUMBS UP to Kentucky for paying out to the penny!


-jp

.

[BarchCapper]

Originally Posted by Jeff P

The odd thing was that for the entire time betting remained open:

The odds displayed for #1 on the PEN track video were 1 to 9.

.

This seems to be an odds display "programming holdover" from the days when all the boards were dot-matrix lighted. The lowest odds you could display with a 2 digit slot and the dash in the middle was 1 to 9. There are a few dot matrix boards still out there, and that would be the only way to keep both board and video displaying the same odds for a horse.