BEL Pk 5, Opening Day Pool...

[Immanuel Kant]

over/under $325,000?

Last Saturday's early Pk 4 pool at SAR totaled $351,675

[dellinger63]

I think under. I will also take a stab at it. Love the bet especially the reduced takeout. It starts at noon here and 10am out west so will have to rely heavily on east coast money.

[Immanuel Kant]

as per the tweet of @DRFGrening

The inaugural pick-5 pool a robust $238,514

[tanner12oz]

like everything else in racing i haven't seen this promoted very well....pools will get better as people see the juicy 15% payoffs....

[10 pnt move up]

and it was all chalk and still paid more than the parlay

Way more than the parlay, by my figures. $390 for $1 vs. about $155.

[ateamstupid]

Originally Posted by Ocala Mike

Way more than the parlay, by my figures. $390 for $1 vs. about $155.

Yep, by direct comparison, the early Pick 4 with 25% rake paid $34.50 for $.50 while the Pick 5 paid $195 with a 5-2 winner in the 1st leg. Very good value.

[10 pnt move up]

Originally Posted by Ocala Mike

Way more than the parlay, by my figures. $390 for $1 vs. about $155.

but the payoffs are depressed..........its almost impossible to not beat the parlay with a 15% take.

Exactly; another way of looking at it is that a P/5 with a single 15% rake is like a 3% rake on each of 5 races. Compare that to the 17% takeout (or whatever it is) on the 5 individual races, and it would, indeed, be rare for a parlay to ever beat the P/5 payout.

[jms62]

Originally Posted by 10 pnt move up

but the payoffs are depressed..........its almost impossible to not beat the parlay with a 15% take.

Can you really compare to the parlay when you are NOT playing a single in every leg? If the parlay is $100 bucks and the P4 pays $200 but you spent $25-$50 bucks to get the $200 are you still happy that you beat the parlay? Did you really beat the parlay when you spent 50-100 times the cost of the parlay base? Using that logic then do the math if you actually parlayed that $25 bucks and calculate the ROI. This mythical comparison vs the Parlay is something I cannot and will not ever understand. To each his own. Good luck today.

[blackthroatedwind]

Originally Posted by jms62

Can you really compare to the parlay when you are NOT playing a single in every leg? If the parlay is $100 bucks and the P4 pays $200 but you spent $25-$50 bucks to get the $200 are you still happy that you beat the parlay? Did you really beat the parlay when you spent 50-100 times the cost of the parlay base? Using that logic then do the math if you actually parlayed that $25 bucks and calculate the ROI. This mythical comparison vs the Parlay is something I cannot and will not ever understand. To each his own. Good luck today.

One has nothing to do with the other.

[jms62]

Originally Posted by blackthroatedwind

One has nothing to do with the other.

Exactly

[blackthroatedwind]

Originally Posted by jms62

Exactly

You just agreed with me disagreeing with you.

[jms62]

Originally Posted by blackthroatedwind

You just agreed with me disagreeing with you.

No. My point was that comparing the pick 4 payout to the parlay is not an apples to apples comparison because no one plays the pick 4 for a 50 cent total ticket.

[Port Conway Lane]

Originally Posted by jms62

Can you really compare to the parlay when you are NOT playing a single in every leg? If the parlay is $100 bucks and the P4 pays $200 but you spent $25-$50 bucks to get the $200 are you still happy that you beat the parlay? Did you really beat the parlay when you spent 50-100 times the cost of the parlay base? Using that logic then do the math if you actually parlayed that $25 bucks and calculate the ROI. This mythical comparison vs the Parlay is something I cannot and will not ever understand. To each his own. Good luck today.

To understand the "parlay" comparison to a p-5 payoff
one needs to understand that a p-5 is nothing more than
dutch betting and parlaying.
Once a player chooses his/her sequence, the amount the sequence costs
must be divided into the number of horses chosen in the first leg.
(please excuse the fractional amounts as they are only used for accuracy).
casp
$0.5 Pick-5
# 1,5,7 .....winner paid 7.40
WT # 7,8 ....winner paid 7.10
WT # 1 ......winner paid 2.90
WT # 3,5,6 ..winner paid 5.80
WT # 3,5,7,9 winner paid 5.60
$36.00
1. casp invested $36 in his p-5. In the first
leg he used three horses.36/3=$12 to win on
each horse.
6x7.40=$44.4
2. He now has $44.4 going into the second
leg in which he chose two horses.
44.4/2=$22.2 to win on each horse
in the second leg.
11.1x7.10=$78.81
3. He now has $78.81 going into the third
leg where he singled the #1. $78.81 to win on #1.
39.405x2.90=$114.2745
4. casp now has $114.2745 divided into the three
horses he chose in the fourth leg.
$114.2745/3=$38.0915 to win on each horse in leg 4.
19.04575x5.80=$110.46535
5. Four horses were used in the final leg and casp
has $110.46535 to divide among those four.
$100.48/4=$27.6163375 to win on each horse.
13.80816875x5.6=$77.325745
Remarkably(not really and it works for anyone's winning sequence)
the amount of money casp holds in his hand after parlaying his $36
is equal to a $.50 parlay singling the winning horse in each leg.
The only difference is, a person who correctly chose each winning horse
only invested $.50.
I hope this helps.

[alysheba4]

regardless, the pick 5 is a good wager. glad new york is on board.

[jms62]

Originally Posted by alysheba4

regardless, the pick 5 is a good wager. glad new york is on board.

Pick 5 blows away the pick 4. Yesterday it pays 5 times what the pick 4 pays. The extra leg in the P5 was won by a 2.75-1 horse not some longshot. Much easier to get significant coverage in the P4 with 75-100 bucks than in the pick 5. Just wish they did it on Sat on races that include the stakes.

[10 pnt move up]

Originally Posted by jms62

Pick 5 blows away the pick 4. Yesterday it pays 5 times what the pick 4 pays. The extra leg in the P5 was won by a 2.75-1 horse not some longshot. Much easier to get significant coverage in the P4 with 75-100 bucks than in the pick 5. Just wish they did it on Sat on races that include the stakes.

You could see it get switched up if the handle justifies it. The pick 6 could start in the first race if need be, its a carry-over driven bet and has little to do with anything else. In fact I am surprised someone has not tried doing a pick 5 starting in the last five races and moving the pick 6.

[pointman]

Originally Posted by 10 pnt move up

You could see it get switched up if the handle justifies it. The pick 6 could start in the first race if need be, its a carry-over driven bet and has little to do with anything else. In fact I am surprised someone has not tried doing a pick 5 starting in the last five races and moving the pick 6.

I personally like this suggestion, but think the pk6 players would be in an uproar if it was done.

I find it interesting that NYRA has been carding the bulk of the dirt races in the pk5 and the bulk of the turf races in the pk6 and late pk4. I certainly would like to see more turf races in the pk5.

[10 pnt move up]

Originally Posted by pointman

I personally like this suggestion, but think the pk6 players would be in an uproar if it was done.

I find it interesting that NYRA has been carding the bulk of the dirt races in the pk5 and the bulk of the turf races in the pk6 and late pk4. I certainly would like to see more turf races in the pk5.

If the Pick 5 is outhandling the Pick 6 by a large margin I dont think its going to matter much what they think, like I said its carry driven, what does race placement have much to do other then people theorizing how the track is playing two races in.