What does a 30-1 bet pay?

On a table that pays 30-1, if you win your bet on 12, you keep your 1-unit bet and get 30 units in winnings, for a total of 31. On a machine that pays 31-for-1, the machine keeps your bet when you make it, but pays 31 units on a win — still a total of 31 on your side after a win.

tunicatravel.com - Gaming Odds Explained: 30 To 1 vs. 31 For 1 - Tunica

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Gaming Odds Explained: 30 To 1 vs. 31 For 1

By John Grochowski on Thursday March 22, 2018

A craps player wrote to me recently to say he’d found an automated game that looked like it had better odds than he found at table games. “Instead of 30-1 on 2 or 12, it pays 31-1 and instead of 15-1 on 3 or 11 it pays 16-1,” he wrote. “Hardways pay 10-1 and 8-1 instead of 9-1 and 7-1.” I told him he needed to check the machine again. It was likely the machine was paying odds-for-1 instead of odds-to-1, and that the payoffs he was seeing were just normal returns expressed in a different way. It’s common for machine games to pay odds-for-1 because the game has already taken your bet before the roll takes place. On a table that pays 30-1, if you win your bet on 12, you keep your 1-unit bet and get 30 units in winnings, for a total of 31. On a machine that pays 31-for-1, the machine keeps your bet when you make it, but pays 31 units on a win — still a total of 31 on your side after a win. So 31-for-1 is the same as 30-to-1, 16-for-1 is the same as 15-to-1, 10-for-1 is the same as 9-to-1, and so on.

What if the game really was paying 31-1 on 12, and not 31-for-1?

With the standard 30-1 you’d get at most craps tables, bets on 2, 12 or hard hop bets give the house a 13.89 percent edge. If the payoff is 31-1, the edge drops only to 11.11 percent. True odds are 35-1, so there’s a long way to go from 30-1 before these become viable bets.

What about the hardway payoffs the reader described?

When your payoff is 9-1 on hard 6 or 8, the house edge is 9.09 percent, and when you’re paid 7-1 on hard 4 or 10, the house edge is 11.1 percent. If the pays were increased to 10-1 and 8-1. they’d match the true odds of winning these bets. The house edge would be zero. That reinforces the likelihood the game is paying in odds-for-1. Any time the odds paid on a machine version of a table game look higher than the table version, check to see if the payoffs are for-1.

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How much did a $1 bet on Rich Strike win?

A $1 trifecta paid $14,870.70, and the $1 superfecta paid a cool $321,500.10. Derby upse: Rich Strike wins Kentucky Derby 2022 on 80-1 odds. Was it the longest odds ever?

sports.yahoo.com - Here are the payouts and final odds for Rich Strike's win in the 2022 ...

Rich Strike did the improbable, coming in as a late replacement for Ethereal Road and racing out to a first-place finish Saturday in the 148th Kentucky Derby at Churchill Downs. Trained by Eric Reed and owned by Richard Dawson, Rich Strike overcame 80-1 odds to take the top spot in the Run for the Roses. So, how much did he win his bettors? The short answer – a lot. A $2 exacta with second-place finisher Epicenter paid $4,101.20. A $1 trifecta paid $14,870.70, and the $1 superfecta paid a cool $321,500.10.

Derby upse: Rich Strike wins Kentucky Derby 2022 on 80-1 odds. Was it the longest odds ever?

Here's a full listing of payouts:

Rich Strike

(Based on a $2 bet)

Win: $163.60

Place: $74.20

Show: $29.40

Epicenter

(Based on a $2 bet)

Win: N/A

Place: $7.40

Show: $5.20

Zandon

(Based on a $2 bet)

Win: N/A

Place: N/A

Show: $5.60

Payouts on the finishing combos

Exacta: 21-3, $4,101.20 (Based on a $2 bet)

Trifecta: 21-3-10, $14,870.70 (Based on a $1 bet)

Superfecta: 21-3-10-13, $321,500.10 (Based on a $1 bet)

Top 5 Kentucky Derby winners payouts

Winner: $1,860,000

2nd: $600,000

3rd: $300,000

4th: $150,000

5th: $90,000

Here are the rest of today's payouts based on wager type:

$0.50 Trifecta (21-3-10) $7,435.35

$0.50 Pick 3 (3-10-21) $1,612.20

$0.50 Pick 4 (9/3,8/10/13) $25,834.75

$0.50 Pick 5 (5-9-3, 8-10-21) $247,215.65

$1.00 Double (10-21) $1,364.90

$1.00 Super High Five (21-3-10-13-1) $741.018.90

$0.20 Pick 6 Jackpot (5, 7-5-9-3, 8-10-21) $161,630.86

Live updates: Kentucky Derby 2022: Odds, races and more at Churchill Downs

This article originally appeared on Louisville Courier Journal: Kentucky Derby payouts 2022: Winner, trifecta and superfecta

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