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Clay F

bet $5,000 -- 8 to 1 -- win $40,000 When Ralphie placed the $5000 bet on his horse to win, the odds were 8 to 1, so he won $40,000 when his horse won. "show" The next race a few days later when Carmela's cousin placed a bet on the horse to "show" that means winning if the horse finishes in 1st, 2nd, or 3rd -- but the odds payout are not good. The cousin wins the same $ (a lower amount) whether the horse finished 1st, 2nd, or 3rd. The horse finished 1st but for a "show" bet, the horse finishing 1st, 2nd, and 3rd all win you the same. Bets = win, place, show *to "win" -- horse must finish 1st -- best odds payout *to "place" -- horse must finish 1st or 2nd -- lower odds payout *to "show" -- horse must finish 1st, 2nd, or 3rd -- lowest odds payout