Belmont new $3 late pick 3

[Alabama Stakes]

24% takeout ruins good idea.

[Alabama Stakes]

Canterbury announces a new early pick 4 with a 10% takeout. Go figure.

[jms62]

Originally Posted by Alabama Stakes

Canterbury announces a new early pick 4 with a 10% takeout. Go figure.

I'd rather play a 500K Pool at 24% takeout then a 100K pool at 10%. Especially with the higher entry cost. Take a look at the Golden Hour Double. It has a $5 Bas and generally pays well.

[MichiganMattA]

Do you honestly expect anywhere near 500k in that pool ?

[Alabama Stakes]

If they had a low takeout like 15% and promoted as a nice fan friendly wager, it would have a big handle. If they made the last race triple a $2 minimum with 15% fan friendly takeout, it would do big numbers.

[jms62]

Originally Posted by MichiganMattA

Do you honestly expect anywhere near 500k in that pool ?

It was a hypothetical. I do expect it to do 5X what his Canterbury example is and used a round number.

[Alabama Stakes]

So if the takeout on the bet was. 15% would you be more likely to bet it ? Since your interested in betting into a bigger pool, it would be be a much bigger pool. Or is that too hypothetical for you ? Or are you saying that the same amount will be bet no matter the takeout ?

[jms62]

Originally Posted by Alabama Stakes

So if the takeout on the bet was. 15% would you be more likely to bet it ? Since your interested in betting into a bigger pool, it would be be a much bigger pool. Or is that too hypothetical for you ? Or are you saying that the same amount will be bet no matter the takeout ?

I will watch what it pays for awhile and make my decision. Not going to dive into say a 10% takeout just cause it is 10%. **** they have a Pick 6 at Parx and it could be 0% takeout and I wouldn't touch it. Pools are pitiful. Remember I hit an 80K spilt on that horrible Jackpot Pick 6 at Gulfstream when the pot was over 5 million. I want to add that I used to be a big Pick 5 player but over the last couple years I am seeing less and less 5 figure pays. I rarely play anymore. Just win and doubles and Head to Head on Horse Tourney's. Where I can win if I have a good day or just a better day than my opponent.

[Alabama Stakes]

What Im trying to figure out is when they are sitting around throwing ideas out there, who is the one who says “ this is a good idea, what should we do on the takeout for the bet?” Who is the guy who says “ let’s have a lower takeout like on the NYRA Bets pick 5. And who is the dick who overrules him and says ****thebettors let’s have a big high 24% takeout and we will get a much bigger piece of the pie . Where is the guy who says “ we’ll make up for the lower takeout by handling much more on the fan friendly bet. Of course where are the NYRA lovers who won’t speak up on the issue of 24% on Tri, super, pick 3 and pick 4 ?

[Alabama Stakes]

Great to see NYRA lowered the takeout to 19% on the bet. In the old float out the high takeout to see if it flies, then cave to pressure.

[MichiganMattA]

A $1 pick 3 was offered on the same 3 races. For those who thought roulette was a bad idea check this out…

[Dahoss]

Originally Posted by MichiganMattA

A $1 pick 3 was offered on the same 3 races. For those who thought roulette was a bad idea check this out…

It was the first day it was offered. It paid about what the $1 would have paid for $3.

What is the problem?

[MichiganMattA]

No problem at all. I think it’s hilarious. Maybe next week we’ll have an option of 2 different pick4 pools at 2 different minimums starting in the same race.

[Dahoss]

Oh I get it. You were just taking the baton from the thread starter.

Have fun with that.

[Dahoss]

I watched the first three from Canterbury today, their opening day.

4/5, 2/5, 1/9

They could lower their pick 4’s to single digits, it won’t matter. The track is unplayable. That’s why when they tried the low takeout a few years back it didn’t matter.

[freddymo]

Originally Posted by Dahoss

I watched the first three from Canterbury today, their opening day.

4/5, 2/5, 1/9

They could lower their pick 4’s to single digits, it won’t matter. The track is unplayable. That’s why when they tried the low takeout a few years back it didn’t matter.

we shouldn't denounce people that try to lower takeout

[Kasept]

Originally Posted by Dahoss

I watched the first three from Canterbury today, their opening day.

4/5, 2/5, 1/9

They could lower their pick 4’s to single digits, it won’t matter. The track is unplayable. That’s why when they tried the low takeout a few years back it didn’t matter.

You can't make that conclusion after one day. Was 5x5x7x8 in the sequence. Field size will increase as meet gets going. As Andrew Offerman explained they're expecting another 200+ horses yet. Today's early P4 is 6x8x12x8.

Their live handle grew 7% and simu 10.5% when they tried the aggressive takeout experiment and as noted Tuesday, there's no way to quantify how successful the trial really was because the additional generated churn wasn't necessarily plowed back in to CBY. They were also impacted that summer by terrible weather and a lot of races off the turf. That discussion is complex and multi-factorial.

[Dahoss]

Originally Posted by Kasept

You can't make that conclusion after one day. Was 5x5x7x8 in the sequence. Field size will increase as meet gets going. As Andrew Offerman explained they're expecting another 200+ horses yet. Today's early P4 is 6x8x12x8.

Their live handle grew 7% and simu 10.5% when they tried the aggressive takeout experiment and as noted Tuesday, there's no way to quantify how successful the trial really was because the additional generated churn wasn't necessarily plowed back in to CBY. They were also impacted that summer by terrible weather and a lot of races off the turf. That discussion is complex and multi-factorial.

LMAO

I’m basing my conclusion on many years of gambling on horse racing Steve. What would you say Canterbury typically gets of your own annual handle? Considering you put up opinions on ONE card all of last year I can’t imagine much.

[Dahoss]

Originally Posted by freddymo

we shouldn't denounce people that try to lower takeout

What’s your handle been on Canterbury the last few years?

[Kasept]

Originally Posted by Dahoss

LMAO

I’m basing my conclusion on many years of gambling on horse racing Steve. What would you say Canterbury typically gets of your own annual handle? Considering you put up opinions on ONE card all of last year I can’t imagine much.

I don't play it often, no. I'll play when I handicap with their people when something appeals and usually Mystic Lake Derby Day. Just because I don't write up a card doesn't mean I'm not looking at their racing. I play Indiana a lot more versus Canterbury though.