10/26/2011 5:00PM

Keeneland pays out wrong pick three amount


LEXINGTON, Ky.  - Keeneland Racecourse acknowledged that it had miscalculated the payoff for the pick three wager that ended in the sixth race on Wednesday's card, but the acknowledgment - made just before the ninth race - may not help many bettors.

The miscalculation affected any pick three wager that was live going into the sixth race, the third leg of the bet. The sixth race was moved off the turf shortly before the race went off because of a powerful thunderstorm that moved into Lexington midway through the card, but after betting on the pick three had closed.

Under Kentucky's rules, if a race is moved off the turf after a multiple-leg wager has closed, the race becomes a pick-all for all bettors. Keeneland, however, paid off the bet to the winner of the sixth, the 9 horse, who paid $91.20 to win, with consolations tickets on horses who scratched. The first two legs were won by the favorites, and the $1 pick 3 payout was $144.30.

Keeneland said that bettors still holding tickets would need to check its website tomorrow morning to determine how to redeem tickets. The re-calculation will likely cause Keeneland to lose money on the wager, considering payouts were already cashed by those holding tickets with the sixth-race winner.