Last Updated Aug 30, 2021, 9:54 AM

Horse Racing bettor wins over $500K on 50-cent wager

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Horse Racing has been the only consistent game in the sports betting industry lately and it could very well be for a while too.

Fortunately, bettors at VegasInsider.com and around the United States have found out that you can win real money and every now and then you strike it rich!

Horse Racing bettor cashes over $500K on 50-cent wager

This past weekend, one lucky bettor turned a 50-center wager into $524,966.50.

The winning ticket took place on Saturday April 11, 2020 from Gulfstream Park, which is located in Hallandale Beach, Florida.

Winning Pick-5 Horses

The winning horses for the Early Pick-5 races from Gulfstream Park on Saturday April 11, 2020 are listed below with odds to win on each horse.

  • Race 1: No. 8 Freddy Soto (73/1)
  • Race 2: No. 4 Union Lane (34/1)
  • Race 3: No. 1 He's a Babe (37/1)
  • Race 4: No. 3 Enzoexpress (3/1)
  • Race 5: No. 6 Lashara (4/5)

Pick-5 Luck or Skill

VegasInsider.com spoke to veteran horse racing handicapper and contributor Mike Dempsey about the huge score and he humored us.

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“I thought actually getting the $1200 stimulus check in my bank account was going to be the biggest longshot we would see this month,” joked Dempsey.

Dempsey told VI that while the winner of the big pot has not given any interviews, he was told through a source that he hit it by placing three tickets, each worth $409.50. The player hit the wager on one of his $409.50 tickets that went ALL-ALL-ALL-3-6. The singles in the final two legs paid $7.40 and $5.40 both favorites.

In the opening three legs the winner paid $148.40 (second biggest odds in race), $70.00 (beating a 1-5 chalk) and $75.20 (biggest odds in race).

Was he lucky or good?

Dempsey answered, “Probably both. If he had strong opinions on the final two legs and saw the possibility of chaos in the first three legs, playing the tickets the way he did probably made sense. I would guess it was the perfect storm of luck and good handicapping.”

Should Horse Racing bettors chase the jackpot?

Anthony Stabile aka the Big A is a big fan of going for the scores. He said, “Most of my plays are Pick-4 and Pick-5 bets. You can invest small money and get back huge returns. All about getting some value for your money and sometimes that involves greater risk that a wager on an individual race.”

Stabile was fortunate to cash last year’s trifecta in the 2019 Kentucky Derby thanks to dropping the winner, he told VI that one of his memorable Pick-5 payouts watched him turn $36 into $12,700.

Triple the Fun!

Mike Dempsey isn’t as aggressive than Stabile unless the situation fits.

“I am against playing any Jackpot Pick 6 bets except on mandatory payout days, but the Pick 5 is probably the best wager in racing,” explained Dempsey. “At most tracks the wager has a reduced takeout, at Gulfstream Park it is 15% while the Pick 4 takeout is 20%. The Pick 5 takeout in New York is 15%.”

Bettors have a great knack of always recalling the great wins and terrible losses and Dempsey went back a couple decades to share one that relates to Saturday’s big winner.

Dempsey said, “It reminded me of a lucky wager I made in the Laurel Park Twin Tri back in the 90’s. The Twin Tri involved solving the third race trifecta, and for each ticket correct you would cash it and exchange it for a shot of hitting the fifth race trifecta. If you did both you took down the pool.”

“The idea was to have 10 or 20 or more tickets alive so you could play multiple combinations in the second leg. I stupidly left myself with one live ticket going into the second half that day. I played a 1-3-2 straight trifecta with my lone ticket, and the trio hit the wire together. I looked down at my ticket and realized I had somehow hit the trifecta cold with the one ticket, and there was $80,000+ in the pool.”

“I had to sit there quietly for 10 minutes wondering if I had the only ticket or if there were other winners. It turned out there were five other winners, and we each won $15,684.30. It felt like lightning struck, much like I am sure it did for Saturday’s winner, but compared to the Pick 5 winner, my hit now seems more like I was struck by a taser.”

Understanding Pick-5 Wager and Cost

Based on the insight Dempsey provided VI, the winner’s Pick-5 ticket would technically have the below horses covered in each of the five races – based on the above possibility.

1) 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11 (ALL)
2) 1, 2, 3, 4, 5, 6, 7, 8, 9 (ALL)
3) 1, 2, 3, 4, 5, 6, 7, 8 (ALL)
4) 3
5) 6

In order to win the Pick-5 wager, you must select all the first five races before the first race begins.

The easiest way to calculate how much your ticket would cost is simple multiplication.

Example: Only 1 horse in each race on $1 wager
1 x 1 x 1 x 1 x 1 = $1

Example: 2 horses in each race on $1 wager
2 x 2 x 2 x 2 x 2 = $32

Example: Possible Pick 5 (above) from Gulfstream Park on $1 wager
11 x 9 x 8 x 1 x 1 = $792

If you’re only playing 50-cent on the Pick-5, then the cost would be divided in half.

According to Ed DeRosa of Twinpsires, “The Pick 5 payout of $524,966.50 today Gulfstream Park is the 5th highest 50-cent Pick 5 payoff in North America history & 3rd highest for a non-jackpot.”



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