Comments on: Minimum Wager Amounts and Fractional Betting http://blog.trackmaster.com/?p=1621 Start handicapping the faster, better way! Wed, 08 Sep 2010 15:51:20 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: buzz-by-me http://blog.trackmaster.com/?p=1621&cpage=1#comment-15412 buzz-by-me Sun, 07 Mar 2010 15:22:53 +0000 http://blog.trackmaster.com/?p=1621#comment-15412 If apples in the cart cost 25 cents apiece I would buy 4 to take home to make a pie but if the price were 10 cents each I would most likely buy 5 to make a really big pie and then think how much I saved from when the price was higher. Point is the more value there seems to be in the wagering format would no doubt lower the overall handle enough to substantially decrease sizeable payoffs. This would be hard to prove one way or another, but statistically, over time the numbers could reveal the truth. A smaller pool, with more winners, definitely would produce smaller payouts while having a larger base bet for a particular pool may produce fewer winners with more attractive payouts. All this depending upon the race in question. Personnally, I like the 10 cent wager as they are a good way to hedge my "investment" of the more serious wagers. I would play several $1 or $2 straight superfectas on my favorite choices, then play around with 10 cent supers boxing or keying horses, with tickets costing up to $12 a pop. Never could do this years ago, when superfectas first emerged. Now the lastest are 50 cent trifectas. I have found that I typically will spend at least 4 times as much betting with 50 cent tris then before at $1. Still, a hit is a hit. But now I have more bases covered, and hit more often, therefore play more often. Its more fun. Like going fishing, "Ain't no fun when you don't catch any fish!" So bottom line is keep the 10 cent super exotics, 50 cent trifectas, pick 4's, $1 exactas, doubles, pick - 3's, WPS. We need more of the carryover stuff that would bring hitable jackpots up into the millions. Good luck to all. If apples in the cart cost 25 cents apiece I would buy 4 to take home to make a pie but if the price were 10 cents each I would most likely buy 5 to make a really big pie and then think how much I saved from when the price was higher. Point is the more value there seems to be in the wagering format would no doubt lower the overall handle enough to substantially decrease sizeable payoffs. This would be hard to prove one way or another, but statistically, over time the numbers could reveal the truth. A smaller pool, with more winners, definitely would produce smaller payouts while having a larger base bet for a particular pool may produce fewer winners with more attractive payouts. All this depending upon the race in question. Personnally, I like the 10 cent wager as they are a good way to hedge my “investment” of the more serious wagers. I would play several $1 or $2 straight superfectas on my favorite choices, then play around with 10 cent supers boxing or keying horses, with tickets costing up to $12 a pop. Never could do this years ago, when superfectas first emerged. Now the lastest are 50 cent trifectas. I have found that I typically will spend at least 4 times as much betting with 50 cent tris then before at $1. Still, a hit is a hit. But now I have more bases covered, and hit more often, therefore play more often. Its more fun. Like going fishing, “Ain’t no fun when you don’t catch any fish!” So bottom line is keep the 10 cent super exotics, 50 cent trifectas, pick 4’s, $1 exactas, doubles, pick – 3’s, WPS. We need more of the carryover stuff that would bring hitable jackpots up into the millions. Good luck to all.

]]> By: robert petty http://blog.trackmaster.com/?p=1621&cpage=1#comment-13468 robert petty Tue, 09 Feb 2010 18:28:04 +0000 http://blog.trackmaster.com/?p=1621#comment-13468 I agree wholeheartedly with Chris R., especially about the total and complete disqualification of trainers and jockeys who violate drug and OBVIOUS sandbagging. It's ok to "breeze" a horse in a race, BUT, the BETTOR/FAN, who supports the entire industry, should KNOW about it BEFOREHAND, not AFTER he's lost his money to the "game players". I agree wholeheartedly with Chris R., especially about the total and complete disqualification of trainers and jockeys who violate drug and OBVIOUS sandbagging. It’s ok to “breeze” a horse in a race, BUT, the BETTOR/FAN, who supports the entire industry, should KNOW about it BEFOREHAND, not AFTER he’s lost his money to the “game players”.

]]> By: Ed B. http://blog.trackmaster.com/?p=1621&cpage=1#comment-13309 Ed B. Sun, 07 Feb 2010 06:10:59 +0000 http://blog.trackmaster.com/?p=1621#comment-13309 I made some "wagering format" comments similar to those above, on the "New Years Resolutions" blog ... Like it or not, horseracing does have some things in common with investing. IMHO, the difference between gambling and investing is doing your homework. That's why companies like "Trackmaster" exist. They go a long way to help you with that homework, but you still need to understand the difference between a good play and a weak one. If you put any amount of money down and just hope for a good ROI, you are gambling. If you can estimate your potential profit, it's much easier to decide when to pass and when to play. In spite of higher takeouts, exotics are often a much better deal than W/P/S ... if you know what you are doing... and "gamblers" always sweeten the pot for the small percentage of people who win often. Lower minimums mean less money is at risk... but even if more people playing would mean a lower ROI for the winner, fewer people playing could be even worse... if your favorite track can't afford to stay in business. I made some “wagering format” comments similar to those above, on the “New Years Resolutions” blog …

Like it or not, horseracing does have some things in common with investing. IMHO, the difference between gambling and investing is doing your homework. That’s why companies like “Trackmaster” exist. They go a long way to help you with that homework, but you still need to understand the difference between a good play and a weak one.

If you put any amount of money down and just hope for a good ROI, you are gambling. If you can estimate your potential profit, it’s much easier to decide when to pass and when to play.

In spite of higher takeouts, exotics are often a much better deal than W/P/S … if you know what you are doing… and “gamblers” always sweeten the pot for the small percentage of people who win often.

Lower minimums mean less money is at risk… but even if more people playing would mean a lower ROI for the winner, fewer people playing could be even worse… if your favorite track can’t afford to stay in business.

]]> By: TurfRuler http://blog.trackmaster.com/?p=1621&cpage=1#comment-13286 TurfRuler Sat, 06 Feb 2010 21:23:03 +0000 http://blog.trackmaster.com/?p=1621#comment-13286 I don't like WalMart. The only thing they have revolutionized to me is the cashing of a check for $3.00, any amount. But I don't like buying discounted products, it cheapens what you get, includes the stems in the collard greens. Let me play for $1 or $2 for a superfecta or trifecta, why should I share with the .10 cent player who wants to cover the board to just plain and simply get over cheaply, like Jack Benny, play for a penny is what they want. I don’t like WalMart. The only thing they have revolutionized to me is the cashing of a check for $3.00, any amount. But I don’t like buying discounted products, it cheapens what you get, includes the stems in the collard greens. Let me play for $1 or $2 for a superfecta or trifecta, why should I share with the .10 cent player who wants to cover the board to just plain and simply get over cheaply, like Jack Benny, play for a penny is what they want.

]]> By: rwwupl http://blog.trackmaster.com/?p=1621&cpage=1#comment-13269 rwwupl Sat, 06 Feb 2010 14:03:59 +0000 http://blog.trackmaster.com/?p=1621#comment-13269 Fractional betting is the future,.10 cent minimum bet on everything.While we are at it, lets have no tiered take out levels,just 10% across the board. Let the people know it is their game, and watch it grow. Let the deep pocket people adjust. The people love horse racing,put the game on for them and they will prove the point. Fractional betting is the future,.10 cent minimum bet on everything.While we are at it, lets have no tiered take out levels,just 10% across the board.

Let the people know it is their game, and watch it grow. Let the deep pocket people adjust.

The people love horse racing,put the game on for them and they will prove the point.

]]> By: Kev http://blog.trackmaster.com/?p=1621&cpage=1#comment-13268 Kev Sat, 06 Feb 2010 12:43:03 +0000 http://blog.trackmaster.com/?p=1621#comment-13268 People don't play the horses because they don't win. If they are at the track for 9 races they might hit one or two races and they pay $6 or $8 because Gomez, Dominquez or Leparou was on it. Making the win bet $1 they get back $3 or $4 not FUN. If they think they are going to hit the pick 6 they are nuts, make that bet .10. Leave all the usual bets $2 so it looks like racetracks are sum what governed by something. The guys with all the money can still bet $10 or $20 on anything they want. Let some of these other jocks ride some of these good horses, and maybe they'll pay $10 or $14 instead of $6 or $8. People don’t play the horses because they don’t win. If they are at the track for 9 races they might hit one or two races and they pay $6 or $8 because Gomez, Dominquez or Leparou was on it. Making the win bet $1 they get back $3 or $4 not FUN. If they think they are going to hit the pick 6 they are nuts, make that bet .10. Leave all the usual bets $2 so it looks like racetracks are sum what governed by something. The guys with all the money can still bet $10 or $20 on anything they want. Let some of these other jocks ride some of these good horses, and maybe they’ll pay $10 or $14 instead of $6 or $8.

]]> By: Fooch http://blog.trackmaster.com/?p=1621&cpage=1#comment-13240 Fooch Sat, 06 Feb 2010 00:21:55 +0000 http://blog.trackmaster.com/?p=1621#comment-13240 Love the 10 cent bet on on everything. Instead of watching TVG at night and not betting while play penny anti poker on the internet I could be putting my $ horse racing instead. The poker sites let you play nickel dime so why not horse racing. Love the 10 cent bet on on everything. Instead of watching TVG at night and not betting while play penny anti poker on the internet I could be putting my $ horse racing instead. The poker sites let you play nickel dime so why not horse racing.

]]> By: Walt http://blog.trackmaster.com/?p=1621&cpage=1#comment-12926 Walt Tue, 02 Feb 2010 07:46:14 +0000 http://blog.trackmaster.com/?p=1621#comment-12926 Personally, I like the 10-cent minimums myself on the superfectas with 50-cent minimums on the trifectas. I also would like to see the pick-six be a $1 wager (instead of $2) because with a good-sized carryover, it gives non-syndicates a better chance to hit it. I also wish for the Breeders' Cup we would at least on Saturday go back to nine races and have a "Breeders Cup Pick Nine for a Dime" (10-cent pick-9) wager. That wager can be marketed to lottery players who otherwise don't care about the Breeders' Cup, but might very well wager on the Breeders' Cup solely because of that wager. Personally, I like the 10-cent minimums myself on the superfectas with 50-cent minimums on the trifectas. I also would like to see the pick-six be a $1 wager (instead of $2) because with a good-sized carryover, it gives non-syndicates a better chance to hit it.

I also wish for the Breeders’ Cup we would at least on Saturday go back to nine races and have a “Breeders Cup Pick Nine for a Dime” (10-cent pick-9) wager. That wager can be marketed to lottery players who otherwise don’t care about the Breeders’ Cup, but might very well wager on the Breeders’ Cup solely because of that wager.

]]> By: Chris R. http://blog.trackmaster.com/?p=1621&cpage=1#comment-12914 Chris R. Tue, 02 Feb 2010 05:19:37 +0000 http://blog.trackmaster.com/?p=1621#comment-12914 The fact is that we need nationwide standards set by a National Horse Racing Board. Since the current power structure will never give up the alleged "control" that they currently use to strangle the sport under the misguided assumption that they will profit from us horse players, the only result will be the closure of more tracks as more people migrate to casinos. Casino's get it! They don't charge an admission, charge for a PP form telling you how to bet, give you free or really low priced drinks, good food at a fair price and sometimes even comp. that as well. While we horse players deal with being shut out over squabbles about simulcast percentages. WE CUSTOMERS, who pay for this sport through our wagers and pay for the salaries of execctives in the industry who keep missing the point... Should simply decide to take the second month off from attending or wagering at every track in North America during their meet, so that these people learn WHOM THEY ARE EMPLOYED, BY FOR THE BENEFIT THEREOF. Maybe then, they'll wake up. Example... Australia: 16-17% TAKEOUT 250+ tracks around the country and standardized rules, no meds, no games and jockeys are suspended for all rule violations. http://www.australianracingboard.com.au/ http://www.australianracingboard.com.au/factBook.html http://www.australianracingboard.com.au/rules/Rules260909.pdf Yes I am an American, yet when I see other countries kicking our ass with common sense; it really angers me since it is another nail in the coffin for our country. Considering the current state of our nation aside from the misguided corporate, wall street and political hype, we're in deep manure and this kind of wagering control is a part of the reason why. If a ten cent super is alright, then so is a fifty cent tri and exacta as well, EVERYWHERE!!! As for W/P/S... $1 should be the standard everywhere, period. C.R. The fact is that we need nationwide standards set by a National Horse Racing Board. Since the current power structure will never give up the alleged “control” that they currently use to strangle the sport under the misguided assumption that they will profit from us horse players, the only result will be the closure of more tracks as more people migrate to casinos.

Casino’s get it!

They don’t charge an admission, charge for a PP form telling you how to bet, give you free or really low priced drinks, good food at a fair price and sometimes even comp. that as well.

While we horse players deal with being shut out over squabbles about simulcast percentages.

WE CUSTOMERS, who pay for this sport through our wagers and pay for the salaries of execctives in the industry who keep missing the point…

Should simply decide to take the second month off from attending or wagering at every track in North America during their meet, so that these people learn WHOM THEY ARE EMPLOYED, BY FOR THE BENEFIT THEREOF.

Maybe then, they’ll wake up.

Example…

Australia:
16-17% TAKEOUT
250+ tracks around the country
and standardized rules, no meds, no games and jockeys are suspended for all rule violations.

http://www.australianracingboard.com.au/

http://www.australianracingboard.com.au/factBook.html

http://www.australianracingboard.com.au/rules/Rules260909.pdf

Yes I am an American, yet when I see other countries kicking our ass with common sense; it really angers me since it is another nail in the coffin for our country. Considering the current state of our nation aside from the misguided corporate, wall street and political hype, we’re in deep manure and this kind of wagering control is a part of the reason why.

If a ten cent super is alright, then so is a fifty cent tri and exacta as well, EVERYWHERE!!! As for W/P/S… $1 should be the standard everywhere, period.

C.R.

]]> By: Stan Priesand http://blog.trackmaster.com/?p=1621&cpage=1#comment-12906 Stan Priesand Tue, 02 Feb 2010 02:15:13 +0000 http://blog.trackmaster.com/?p=1621#comment-12906 When tri's at Thistledown were a $3 minimum, I cleaned up, because my one horse key with 7 horses cost $270 ($90 1st, $90 2nd, $90 3rd). Not many players would bet $270 per tri, but I did and made $25,000 net in the fall of 1980. When racing commenced the following year, the $1 tri was put in place and every one who could afford $90, could make my play. The payouts became smaller and my edge was eliminated. So I think larger minimums would produce larger payouts, tempting the bettor, resulting in larger pools. When tri’s at Thistledown were a $3 minimum, I cleaned up, because my one horse key with 7 horses cost $270 ($90 1st, $90 2nd, $90 3rd). Not many players would bet $270 per tri, but I did and made $25,000 net in the fall of 1980. When racing commenced the following year, the $1 tri was put in place and every one who could afford $90, could make my play. The payouts became smaller and my edge was eliminated.

So I think larger minimums would produce larger payouts, tempting the bettor, resulting in larger pools.

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