Rookie horse bet question

dwax · May 4, 2019

5dimes graded a wager on Omaha Beech as a loss. Is that the industry standard on horses that are scratch from the race.

If that is true it makes no sense to wager early on horse races.

Michelangelo · May 4, 2019

A scratch is never a loss at a racetrack. Why would a book be different? Complain like hell.

WhiteyBulger · May 4, 2019

What if it’s a futures bet it would be a loss

dwax · May 5, 2019

This was a straight bet on Omaha Beach to win …. $50 to win $250 placed mid April ….. I have never had or heard of any issues with 5 dimes but don't bet horses and not sure of rules.

LargeMarge · May 5, 2019

Ouch
That far out maybe a shitty book grades that as a loss

Hotpizza · May 5, 2019

If you made the bet mid April, it would've been considered a futures bet. The horse has to win the race or its graded a loss even if it doesn't run. That's the danger of a futures bet in horse racing.

tanner12oz · May 5, 2019

That's a future..its graded right

Enfuego · May 5, 2019

When does the bet from a future bet to a non-future bet?

In other words, on the day of the race, is the bet not a future bet? What's the criteria?

DoublePlayBall · May 5, 2019

I believe that Futures bets are at fixed odds.

terps1313 · May 5, 2019

dwax said:
5dimes graded a wager on Omaha Beech as a loss. Is that the industry standard on horses that are scratch from the race.

If that is true it makes no sense to wager early on horse races.

Well a lot of times you get better odds by betting the fixed odds but you do run the risk of the horse not running. 5dimes is pretty clear that all bets at the fixed price are action regardless if the horse runs. It is usually in bold lettering.

dwax · May 5, 2019

Thanks Guys, that makes sense that a fixed price bet that far in advance would be considered a future. I missed the part about regardless of if the horse runs.

Assumed it was like foots and if game cancelled = no action. My bad and restores my faith in 5D.