If you bet 500 dollars on a horse going off at 8/5 what does it pay if it wins?

Question

If you bet 500 dollars on a horse going off at 8/5 what does it pay if it wins?

Answer 1

$800, but you only won $300. Not a good bet unless the horses are really good and the purse is big. Even then, it's not a good gamble, but a lot better than a cheap horse race.

Answer 2

$800.00

Answer 3

8/5....pays......5.20 for every $2.00 bet......

if you bet $500.00 to win you get back........

for every $200.00 you get.....$520.00.....

plus you get back.....$260.00 for every $100.00

so your return will be....520.00 plus 520.00 plus....260.00

$1300.00..... your profit will be $800.00......

Answer 4

$1300.

8/5 x $500 which is $800, plus your original $500 back.

Answer 5

1300

Answer 6

8/5 means you will get a $8 profit on every $5 wagered. So, $800+your original $500 bet. You'll get back $1300 but only make a profit of $800. Not bad.

Answer 7

man i all depends on the purse size?. but i say around $7,500 to $1400. but you man take that same money and find you a 10 shot or 10/1 at 6furlongs and get ggggggs ya dig? from ya boy, in the bay.