People who win these sort of bets often bet on thousands of combinations of horses for the same race. His real ROI may not be as high as it seems.
People who win these sort of bets often bet on thousands of combinations of horses for the same race. His real ROI may not be as high as it seems. According to the article he bet 96 combinations, 1x1x1x1x1x8x12, not thousands. Each combination cost $2 and he had each one six times. That's an "investment" of $1152. The article says his tickets are worth $2.5 mil.
That's a pretty good ROI.
ML/NJ