Can someone tell me is the size of a tote forecast payout, dependent on the odds of the two winning...........

Question

greyhounds or the size of the race/money on race?

Thanks

Answer 1

That's an impossible question to aswer without knowing the size of the pools. Parimutuel waging is all about the pools.

Answer 2

The payout is dependent on the amount of money wagered in the particular pool (win, place, show, EX, QU, TRI, etc.) and the odds are calculated by dividing the pool amongst the bets placed.

UPDATE:  Check out this link.  It gives a very good explanation and an example that should help you understand payoff calculations.  http://en.wikipedia.org/wiki/Pari-mutuel