A quick lay bet scenario.

[God.]

Hello. I just wish to confirm that I comprehend the dividends of the following 2 lay bets.

I make 1 lay bet on a horse in race 1, and then make 1 lay bet on a horse in race 2. The horse in race 1 comes last, and the horse in race 2 comes first.

The lay odds for each horse are $2 and my stake is $20 on each horse to lose. So, on race 1 my pay out is $40 (including my $20 stake, so I get $20 profit). On race 2 my liability is $20 so I lose that amount. All this means I break even.

Is this all correct? Thank you.

[harry_rag]

5 minutes ago, Lubi said:

Hello. I just wish to confirm that I comprehend the dividends of the following 2 lay bets.

I make 1 lay bet on a horse in race 1, and then make 1 lay bet on a horse in race 2. The horse in race 1 comes last, and the horse in race 2 comes first.

The lay odds for each horse are $2 and my stake is $20 on each horse to lose. So, on race 1 my pay out is $40 (including my $20 stake, so I get $20 profit). On race 2 my liability is $20 so I lose that amount. All this means I break even.

Is this all correct? Thank you.

If you mean that the odds for each horse are 2.00 (as in evens) then pretty much, yes. 

You'd make a small loss after commission though. $20 dollars profit on race 1 less commission at whatever rate you pay.

$20 dollars loss on race 2.