$1.00 minimums on all wagers except, $.10 Superfectas, $.50 Pick-3’s, $.50 Pick 4’s, $.50 Pick 5, and $.50 Trifecta’s.
A wager on a horse race is very different than many other forms of gambling. Horse racing payoffs are calculated on a Pari-mutuel basis. Basically this means that the house (the racetrack) does not care who wins a given race. The odds on each horse to win are determined by what proportion of the total money wagered is placed on that horse. The racetrack handles the money, keeps a percentage or commission, and calculates the horses’ odds based on the public’s preferences. The remaining money is then paid back to the players who hold winning ticket.