From a blog reader and bettor "What bothers me is a $10,000 payoff is being reported as 100,000 and the vast majority of horseplayers believe it is actually paying $100,000. I am trying to eliminate the posting of bull sh** payouts!"
We see it constantly in racing. A super pool has $10,000 and it is hit for a dime, so the payoffs are reported as a "$100,000" winner.
In fact, a release issued here, reported "A massive Pick 4 payout of $81,057.75 on Friday night highlighted this past week of racing at Woodbine Racetrack."
They have not had $81,000 in a pick 4 pool since - I don't even know that they ever had. The money up for grabs in this specific pool was (after takeout) about $17,000.
Would a lottery, who has $1 ticket increments be able to report a payoff for 50 cents at double the lottery pool? I doubt it. I agree with the reader that racing should change this disingenuous practice. If you have to hoodwink people to get them in the door, your business is not worth the paper you wrote the press release on.
Subscribe to:
Post Comments (Atom)
Similar
Carryovers Provide Big Reach and an Immediate Return
Sinking marketing money directly into the horseplayer by seeding pools is effective, in both theory and practice In Ontario and elsewher...
Popular
-
Our wagering game is an incredible mental exercise for many reasons. And one of its characteristics I like best is the variety of thought wh...
-
There's something going on in horse racing today , but I have not really followed it. Instead, I've been thinking about two words we...
-
At Northlands Park Wednesday several rabbits were in the infield. This spooked one of the horses, and he took a tumble, sending driver Debbi...
-
Unless you are off the twitter grid (God bless you), you've no doubt witnessed the feud of the month(s) between ITP and some public raci...
-
I watched the U.S. Women's Open in golf this past weekend on and off. I wondered if Lexi Thompson, the front-runner with a 4 shot lead, ...
1 comment:
The tracks should not deceive people but part of the problem is the multiple levels of minimum bets on the various exotics (and even straight wagers). I for one, have said they should report Superfectas at a $1 base instead of a dime because often a dime payoff is pitiful; sometimes less than $20.00.
What should happen is tracks should be required to report payoffs based on a dollar. If a wager is not hit at the base rate, then show the reduced amount wagered.
Think about it. If someone saw they won $10,000 on a dime, people will be a running.
Post a Comment