Springfield downs

Don't waste your time and money, it's a losing bet. I placed each of the 5 bets 100 times and noted which dog position won, ignoring the names. Here are the stats:

Each bet costs 5000 cash
If you lose the reward is: 0 cash, 50XP

Bet #1, Odds 1-2, Reward: 6250 cash, 75 XP
1: 57
2: 21
3: 15
4: 5
5: 2
Total Cash = 57 * 6250 - 100 * 5000 = -143750
Total XP = 57 * 75 + 43 * 50 = 6425

Bet #2, Odds 1-1, Reward: 7500 cash, 100 XP
1: 54
2: 19
3: 12
4: 8
5: 7
Total Cash = 19 * 7500 - 100 * 5000 = -357500
Total XP = 19 * 100 + 81 * 50 = 5950

Bet #3, Odds 2-1, Reward: 10000 cash, 150 XP
1: 52
2: 10
3: 18
4: 13
5: 7
Total Cash = 18 * 10000 - 100 * 5000 = -320000
Total XP = 18 * 150 + 82 * 50 = 6800

Bet #4, Odds 4-1, Reward: 15000 cash, 250 XP
1: 55
2: 17
3: 9
4: 13
5: 6
Total Cash = 9 * 15000 - 100 * 5000 = -365000
Total XP = 9 * 250 + 91 * 50 = 6800

Bet #5, Odds 9-1, Reward: 25000 cash, 500 XP
1: 49
2: 25
3: 14
4: 9
5: 3
Total Cash = 3 * 25000 - 100 * 5000 = -425000
Total XP = 3 * 500 + 97 * 50 = 6350

In case you're wondering, there are much better ways to turn cash into XP, like building houses. I'm not going to bet any more.