Wagering Tools - Place Tool

Takeout					Breakage
					None   Nickel   Dime
#		Pools	(Min)	(Max)	Payout
1
2
3
4
5
6
7
8
9
10
11
12
Total
* - Odds are actually less than displayed, but there's a 0.1 ($2.20 payout) minimum for Place wagers

The Place Tool will help you figure out how much that Place wager is going to pay ahead of time. Since there is some uncertainty over what the exact price will be without knowing who the first two finishers are, the place tool calculates minimum and maximum odds (and coresponding payouts) for each horse. Your wager will pay somewhere in that range. To use the tool, simply enter the pools from the place pool into the calculator. Also, the takeout and breakage have been preset to reflect wagering in California. Takeout rates vary across the country and you'll need to know the takeout at the track you're playing at (if it's not in California) to get accurate numbers.

A demo of this tool is available for Windows Users. For more information, see the Wagering Tools package for Windows.

Wagering Tools Home