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No, you are correct

I was double-counting there.

Most of the pool goes back to the winning bettor, just like in the usual case. So, after paying the State/City, the rest of the pool offsets the $2,000 guarantee. Your $2,200 estimate is a good one.

If the gross pool was $1,700, MC would be out-of-pocket about $500. It would typically take about three performances (at that pool size) to get to the break-even point.

A calculation in an earlier thread was similarly flawed.


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