Form Ratings Free Strategy Guide


Payout for Pick 5

by Mary Anne
(Las Vegas)

Beholder ridden by Gary Stevens wins the Breeders' Cup Distaff at Santa Anita

Beholder ridden by Gary Stevens wins the Breeders' Cup Distaff at Santa Anita

Hello,

I am trying to understand how my pick 5 payout is calculated and I do not understand.

Below is my wager and payout information from Gulfstream's website. When I calculate my payout manually I do not come to the same number.

Price per bet $0.50 total ticket cost $144.00
12/20/18 Gulfstream Park Race 6 pick 5
3,6,8,10/3,5,7/1-3,8/8-10/6,12

Race 10
$1 Pick 5 3/3,13/1/9/6 4,654.70

I would assume that the winning is half of $4,654.70 which is $2,327.35 but my ticket says $2,599.05.

I'm not complaining but I want to be able to better estimate what my winnings will be next time.

Answer: Pick 6 ONLY paid all 6 of 6. The Pick 5 pool paid consolation 4 of 5 tickets as well.
11x 4 out of 5 @24.70 added to the pick 5 win.

Exact calculation after the take-out is unclear, based upon the track’s formula. They get their cut off the top & the remainder is pool payout money.

Courtesy of Laurie Ross: lross@ironmaidensthoroughbreds.com

Comments for Payout for Pick 5

Average Rating starstarstarstarstar

Click here to add your own comments

Mar 16, 2024
Rating
starstarstarstarstar
by: Chris

Answer: You are absolutely right! There is a formula to calculate the number of winning tickets for hitting 4 out of 5 in a pick 5 wager, and it depends on the number of horses running in each race.

Here's how it works:

Imagine you need to choose 4 horses out of a total of `num_horses` for one race in the Pick 5. The number of ways to do this can be calculated using the combinations formula. This formula gives you the number of possible arrangements of `k` items chosen from a set of `n` items, regardless of order.

In this case, you're choosing 4 horses (k) out of `num_horses` (n) possible horses. So, the number of winning tickets for hitting 4 out of 5 in a single race with `num_horses` horses would be:

```
num_tickets_per_race = num_horses * (num_horses - 1) * (num_horses - 2) * (num_horses - 3) / (4 * 3 * 2)
```

For the Pick 5, you need to consider this calculation for all five races. Since the races are independent (picking the winner in one race doesn't affect your choices in others), you simply multiply the number of winning tickets per race to get the total number of tickets that hit 4 out of 5.

Here's an example:

Suppose there are 8 horses in each race.

The number of winning tickets for hitting 4 out of 5 in a single race would be:

```
num_tickets_per_race = 8 * (8 - 1) * (8 - 2) * (8 - 3) / (4 * 3 * 2) = 70
```

For the entire Pick 5 with 8 horses in each race, the total number of winning tickets that hit 4 out of 5 would be:

```
total_tickets = num_tickets_per_race ^ 5 = 70 ^ 5 = 1680700
```

**Important to Note:**

* This formula only calculates the number of possible winning tickets, not the actual number of winning bets placed.
* Some tracks may offer consolation payouts for tickets that hit 4 out of 5, but this depends on the specific track rules and wagering pool.

It's important to consult the official rules and regulations of Gulfstream Park for details on consolation payouts and any other specificities related to Pick 5 wagers.
Mar 16, 2024
Rating
starstarstarstarstar 		Consolation 4 of 5 in Pick 5 formula?
by: Anonymous

does anyone know how to calculate the # of winning tickets for hitting 4 of 5 in a pick 5 at Gulfstream? There must be a formula based on the # of horses used in each race.

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Invitation 6 - Questions.

Horse Racing Blogs

You Might Like These

Kentucky Derby Odds: Will there be a hometown favorite?

Preakness Stakes Odds: Will the champions face fresh challengers?

Belmont Stakes Odds: At 1½ miles, stamina becomes the great equalizer as longshots can threaten.

Breeders' Cup Odds: International talent collides with American speed, reshuffling expectations across the board.

Dubai World Cup Odds: Under desert lights, can a Japanese sensation prevail against the world's elite.

Pegasus Cup Odds: Retirement beckons for champions seeking one final payday at America's richest race.

Bet on Horses: Every wager tells a story of hope against mathematical probability.

Kentucky Derby Betting: Beneath fancy hats and mint juleps, fortunes change hands with each thundering hoof.

Preakness Stakes Betting: The middle jewel rewards those who recognize when Derby form holds true.

Belmont Stakes Betting: Distance separates champions from pretenders when the final furlong tests them all.

Breeders Cup Betting: Global racing converges for two days where value hides in plain sight.


Gambleaware

Returns Policy: Once a customer has agreed to pay for a product or service no returns will be permitted or payments returned.

All PayPal transactions are subject to the PayPal Privacy Policy

Privacy Policy: Personal details provided to this site by an individual may be shared with third parties unless requested otherwise.

Above policies updated 15 March 2018