tag:blogger.com,1999:blog-8560898823512627114.post2793772038989922195..comments2024-02-01T00:37:24.768-05:00Comments on PTP: Two Bits, Marketed the Right WayPull the Pockethttp://www.blogger.com/profile/05082676049275768769noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-8560898823512627114.post-76157201390765765342010-04-10T13:50:15.912-04:002010-04-10T13:50:15.912-04:00I'm torn, personally I am much less interested...I'm torn, personally I am much less interested in this kind of structure (F-6) than a normal pick 6. It's almost a guaranteed 60% takeout bet. But, theres no arguing that no one would be talking about Beulahs Pick 6 otherwise, and it would normally be unplayable anyway even under a nomral structure, so it is hard to argue with success. I just dont want Cal, NY, or KY thinking they need to mix things up.<br /><br />Net net it probably draws in the folks and thats not a bad thing, but its not something I can bet.<br /><br />chickAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8560898823512627114.post-72974933924881029732010-04-07T08:39:22.195-04:002010-04-07T08:39:22.195-04:00If Woodbine did try this, I would hope it would be...If Woodbine did try this, I would hope it would be after a takeout reduction, because you want to hook these players on horse racing, and the more they get back on other bets, the more likely they are to get hooked because they will play longer.....works great with slots and its 8% takeout.Cangamblehttp://www.cangamble.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-8560898823512627114.post-21396770837093693972010-04-07T00:32:31.255-04:002010-04-07T00:32:31.255-04:00If Woodbine ever tried this (highliy unlikely I kn...If Woodbine ever tried this (highliy unlikely I know) and it worked.... with them skimming 25 points, I hope they stop skimming 27 points off the bets the real horseplayers actually want to make<br /><br />Who knows, maybe they will get educated that people who want to play this bet, versus people who bet racing are entirely different people, and the ones who do play the horses want a fair takeout rate, instead of the downright insulting rate they charge what few customers they have left.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8560898823512627114.post-4452768601192723332010-04-06T23:35:49.035-04:002010-04-06T23:35:49.035-04:00There are few chances to turn slot players into be...There are few chances to turn slot players into bettors. This seems like one of the better ideas.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8560898823512627114.post-30201402913440350332010-04-06T21:16:32.508-04:002010-04-06T21:16:32.508-04:00Anon,
For the those are the people who stand in l...Anon,<br /><br />For the those are the people who stand in line for a 40 million dollar pool, but not a twenty million dollar one, I laughed. It never ceases to amaze me. Like, seriously, you can't live on twenty, but hell 40 is kick ass!<br /><br />I was recently at the cottage and stopped by a quickie mart in town. There were six people lined up for a jackpot lotto bet. It might have been ten million. I brought my iced tea to the counter and she asked "how many tickets?". I said oh none for me and she looked at me funny. She said "it's big tonight, really no tickets?"<br /><br />It's a wild world out there.<br /><br />PTPPull the Pockethttps://www.blogger.com/profile/05082676049275768769noreply@blogger.comtag:blogger.com,1999:blog-8560898823512627114.post-50288851581643829072010-04-06T21:11:07.636-04:002010-04-06T21:11:07.636-04:00quote: "Like I asked...at what point do they ...quote: "Like I asked...at what point do they stop betting and telling everybody else how bad it is?"<br /><br />.... you are thinking like a horsebettor. think like a slots player.<br /><br />these are the people who stand in line for powerball when it is $40 mill, and dont stand in line when it is $20 mill. they are not rational.<br /><br />for every person that realizes it is a bad bet, there are ten others who got three or four of six and try it again..... they are thinking 'I can win.'<br /><br />and if the pool is 5 mill, someone who took a quick pick will probably win it. then other slots players who don't know math see that and come play. all you need is one winner.<br /><br />the poster is correct - you do not need millions to play this, you only need some slots players to play it. some will if it is positioned right.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8560898823512627114.post-696931853725795922010-04-06T20:43:38.737-04:002010-04-06T20:43:38.737-04:00ITP, the point is that if you get the lottery play...ITP, the point is that if you get the lottery players to play it, you are banking on them playing other bets, and chances are they will cash the odd win bet, exactor and triactor.<br />I think the point of this bet is to try to get more horseplayers, and this will happen if more people talk about horse racing.Cangamblehttp://www.cangamble.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-8560898823512627114.post-63401500204520776632010-04-06T20:31:08.726-04:002010-04-06T20:31:08.726-04:00Most lotteries have some form of smaller payouts ...Most lotteries have some form of smaller payouts on many levels.<br /><br />If a lottery bettor puts in $20 100 times a year for 20 years, he will get back $5, $20, $50 or even higher payouts numerous times.<br /><br />If a bet, as above, is played randomly for $20 100 times a year 20 years....the bettor is a huge favorite to get back $0.00 in the 20 years of betting the wager.<br /><br />Let's just say that the avg field size for the bet is 11 horses per race....that is 1,771,561 combos per event....if the bettor bets $40,000 over the 20 years, he has coverage of 160,000 combinations lifetime. As you can see, the bettor will almost always get back nothing over the course of 20 years and 2000 times betting the wager.<br /><br />Like I asked...at what point do they stop betting and telling everybody else how bad it is?ITPnoreply@blogger.comtag:blogger.com,1999:blog-8560898823512627114.post-8516306032862750502010-04-06T20:22:07.575-04:002010-04-06T20:22:07.575-04:00The big problem with promoting it in the casino si...The big problem with promoting it in the casino side is that the OLG would hardly be interested in turning slots players to horseplayers.<br />Lets not forget that in Ontario, the track and the horsemen get the gambling losses on ponies, the government gets very little.<br />But when it comes to monies lost at slots, the track and horsemen only split 20% of it, with over 75% of it going to the government.Cangamblehttp://www.cangamble.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-8560898823512627114.post-30581208652977349952010-04-06T19:56:19.088-04:002010-04-06T19:56:19.088-04:00"It's tough to promote a bet to a new mar..."It's tough to promote a bet to a new market of people when logic dictates that if they bet on it the rest of their lives, their probable lifetime return would be $0.00"<br /><br />Hundreds of billions of bux are spent on lotteries every year, most with no hope of a return.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8560898823512627114.post-36604241684237343932010-04-06T19:08:42.584-04:002010-04-06T19:08:42.584-04:00I hate the Beulah P-6. I seem to be in the minori...I hate the Beulah P-6. I seem to be in the minority.<br /><br />It's tough to promote a bet to a new market of people when logic dictates that if they bet on it the rest of their lives, their probable lifetime return would be $0.00<br /><br />At what point do they give up?ITPnoreply@blogger.com