Will Rogers Downs Race 9 19 May
$2 Exacta 11 / 5 $68.30
$2 Quinella 5 / 11 $79.80
I had to laugh when I saw the payouts for this race yesterday. Will Rogers Downs is a small thoroughbred track near Tulsa, Oklahoma, but with the closures of many of the major tracks due to the pandemic, it’s one of the few games in town. Horseplayers with nowhere else to go have turned their computer screens towards WRD (there are no punters on the grounds, no spectators at all).
Briefly -- parimutuel wagering means all the money wagered on a proposition, be it one horse to win or another to run second, or another two to run 1-2, is put into a separate pool. The track deducts its cut, the state takes its cut, and the remainder is divided equally among those who had made correct bets.
So in this instance, those who had bet on two specific horses to finish in first and second place in that order (exacta) were rewarded with a lower payoff than those who had bet those two would finish first and second in either order (quinella), which is obviously a less difficult undertaking.
The ‘wisdom of the crowd’ failed here. And no, my wisdom didn’t extend to having either of these tickets (although I did have the winner).