Quote:
Originally Posted by cal828
Should be very interesting. I was curious about the payoffs so I looked up the results for KD and Saratoga for a comparison.
Exactas and tri average payoffs at Saratoga on Saturday were:
$24 for exactas and $65.33 for tris
Exactas and tri average payoffs at Kentucky Downs were:
$85.70 for exactas and $437.27 for tris
So it looks like, there could be some very big returns at Kentucky Downs(assuming some of us can solve the handicapping puzzles that the races present!)
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One of the reasons for the much larger average payoffs at Kentucky Downs has to be the larger fields. For our contest, a majority of the races have not only a full field of 12 runners, but an also eligible list of up to four more.
The very generous purses available at KD has to contribute to these large fields. I can't recall ever seeing a maiden race offering a purse of $130,000, as Race 1 does, even if that includes money from the KY Thoroughbred Development Fund. Every subsequent race has an equally generous purse.
A portion of the race conditions that intrigued me the most was the following: "Pari-Mutuel Wagering On Historic Horse Races Generated $113,100 Of The Total Purse". As I understand it, that refers to what is essentially a slot machine that uses a previously run race (the outcome of which is not known to the player) as its format. It seems to be used in places that prohibit slots but allow pari-mutuel wagering and tries to slip into a grey area between the two. It is very helpful when what is essentially slots revenue can do so much to support horse racing purses.