Public service announcement: If you think you've found a way to outsmart the house at your local racetrack or off-track betting facility, trust me, they've already thought of it. So when a man walked into an off-track betting place and wagered $2 on every possible Kentucky Derby trifecta, he may have thought he had come up with a way to beat the system, but he hadn't. Picking the trifecta -- the top three horses in order -- is hard, and it pays off handsomely, but not so handsomely that you can guarantee a profit just by picking all the combinations.
Overall, the man paid $13,680 to bet every possible Derby trifecta. But with three of the top four betting choices -- Street Sense, Hard Spun and Curlin -- finishing 1-2-3, the $2 trifecta paid $440. He came out down $13,240.
Reader Comments (Page 1 of 1)
5-08-2007 @ 1:08PM
mathesond said...
13 grand to win $440? Where can I get a piece of that action?
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5-08-2007 @ 6:35PM
RED said...
Yes he took it on the chin, HOWEVER if that 4th place horse had come in 3rd he would be SMILING big TIME !!!
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5-08-2007 @ 6:29PM
Ernie Tousley said...
It's not that "they've thought of it" that made him a loser, it"s that 3 of the top 4 favorites made the top four, and the two betting "favorites" were in the trifecta. Like anything else, it is a gamble,..but considering they are young erratic 3-year olds, they've never gone that far before, and favorites seldom "come through" in the Kentucky Derby, and if he has lots and lots of money, it's a pretty good bet. Looking at past Derby's, such a bet would have won a very good payday..and in this year's event, the superfecta did pay good dividends, to anyone, who maybe didn't play all possible ways but caught a winner.. It's never a good bet if you lose, but this wasn't a bad bet per se...just not a lucky one!!
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5-08-2007 @ 6:27PM
Ernie Tousley said...
It's not that "they've thought of it" that made him a loser, it"s that 3 of the top 4 favorites made the top four, and the two betting "favorites" were in the trifecta. Like anything else, it is a gamble,..but considering they are young erratic 3-year olds, they've never gone that far before, and favorites seldom "come through" in the Kentucky Derby, and if he has lots and lots of money, it's a pretty good bet. Looking at past Derby's, such a bet would have won a very good payday..and in this year's event, the superfecta did pay good dividends, to anyone, who maybe didn't play all possible ways but caught a winner.. It's never a good bet if you lose, but this wasn't a bad bet per se...just not a lucky one!!
Reply
5-19-2007 @ 6:44PM
JULIAN SILVER said...
YOU PUTS UP YOUR MONEY AND YOU TAKES YOUR CHANCE!
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