I want to like this site, I really really do.
But I made a wager not too long ago, and am not sure why the odds are as is:

.0001 x 2.905x = .0001 ?
Wouldnt .0001 x 2.905 = .0002905 ?
Those are not odds, you are quoting the weight. Please see our FAQ to how parimutuel bets are paid out. The reason you are getting the same amount back is because the winning pool of bets get paid out from the losing pool, in accordance to your weight. You have a small bet at a low weight, hence, does not claim much from the opposite side.