For Win and Quinella bet this is easily done as follows: In other words, every bet of a given type of bet has the same return or house edge. The way I analyze games like this, and futures bets in sports betting, is to assume the probability of any bet winning is inversely proportional to what it pays. This analysis was based on the units at the Venetian and Red Rock in Las Vegas. I'm not sure if betting on the given horse is required, or if and how jackpots are shared among players. I have no idea how often it hits, average win amounts, or how much it contributes to the return of the game. If that horse wins the race, then players will win one of the progressive jackpots. As I understand it, sometimes, after betting closes, a horse will be picked at random. There are also three progressive jackpots to the game. The bet wins if those two horses come in first and second, in either order. The betting stations show all 28 combinations of two horses out of eight.
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