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To: Allen Furlan who wrote (189)2/18/2003 11:12:33 PM
From: LLLefty  Read Replies (1) | Respond to of 221
 
The takeout on exotics is considerably higher than on straight bets. They can run disgracefully as high as 30 per cent at some tracks. The more exotic, generally, the more the take-out. Like all bets, payoffs are determined soley by the amount wagered in each pool; odds on individual horses play no part determinng exotic payoff other than for the player knowing instinctively that longer-priced horses normally will pay far more than if a favorite is in the mix.

I recall receiving $80-plus for the show end of a $2 across the board bet in the Kentucky Oaks when two heavy favorites, one probably a minus pool entry, as I recall, at about 1-20, ran out of the money. I received more for show than I did for the win end at 30-l. That's because three longshots in the money shared the large show pool--each taking a third divided by the amount bet on each.

If you look in track programs, they should publish the takeouts on each type of wager--but they don't always do so. You'll find they vary considerably from state-to-state, track-to-track.