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![]() Someone asked about the show pool to Steve on today's show and Steve Crist had a write up on his blog at DRF. Still don't understand it, if Street Sense runs off the board you get a MONSTEROUS show price, if he hits the board you get paid up on the other non-favs to where the minus pool starts?
I wish there wouldn't have been the scratch in the Banshee Breeze which cancelled the show pool to see what those payoffs would have been. From Crist's blog... Commenter Bridgejumper asked about the show prices in the Jim Dandy, where C P West paid $3.40 and Sightseeing paid $3.00 despite the victory of Street Sense and a reported minus pool on him. This is a function of the net-pool pricing method that NYRA and many other tracks instituted in the last year. Net-pool pricing is used primarily to accomodate different takeout and breakage rates from simulcast outlets, but has some implications for show prices in general and especially in races with minus pools. According to an explanation found verbatim on several racetrack sites: "[T]he Net-Pool model distributes the same amount of winnings slightly differently. This is a function of allocating the profits to the different winners based on their NET winnings rather than their GROSS winnings...the net effect, in these cases, is that the favorites will pay a little less, while long shots will pay a little more...Fans will notice that show pools with a heavy favorite that you would expect to return $2.10 for all three runners, may now pay significantly higher on the two non-favorite horses. This is because even though the payout on the favorite is reduced to a number even farther below the minimum $2.10 payout, it still must return $2.10. But the other horses are not participating in the minus pool as they were under the Standard Pricing model." |