tag:blogger.com,1999:blog-8560898823512627114.post8545296863860934006..comments2024-02-01T00:37:24.768-05:00Comments on PTP: New Bets - The Good, the Bad and the UglyPull the Pockethttp://www.blogger.com/profile/05082676049275768769noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-8560898823512627114.post-91777041927916623532010-07-09T07:27:40.159-04:002010-07-09T07:27:40.159-04:00Knight Sky, if you take the seed money into accoun...Knight Sky, if you take the seed money into account, and an average first night pool of $50,000 in new money ($40,000 net), the takeout becomes 12.5% give or take.<br />I don't think it was the takeout that killed this, it was the fact that they couldn't get a carryover.Cangamblehttp://cangamble.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-8560898823512627114.post-37695141158779258462010-07-07T18:59:31.054-04:002010-07-07T18:59:31.054-04:00I'd file this in the "good idea, poor imp...I'd file this in the "good idea, poor implementation" folder.<br /><br />I thought this was a great concept, and I was hoping Saratoga and Monmouth would be able to work out a similar plan for this summer at a 15% Takeout rate. The Metro Six Shooter had a 20% takeout rate, not enough to cause the ripples as it should with the bigger bettors.<br /><br />Furthermore this was a vehicle that drew interest in both racing cards across the river and probably stimulated wagering on the individual races involved in this Metro 6. The same way Monmouth Park is getting additional play on their races through the 15% Pick 5 and Pick 4's.<br /><br />Pricing is the key. This one didn't quite have it. Like every new wager, I would have liked to have seen a longer test period, and with the summer racing season heating up, someone might be thinking "what if ?".The_Knight_Skyhttps://www.blogger.com/profile/13497100877439699363noreply@blogger.comtag:blogger.com,1999:blog-8560898823512627114.post-83421287636611147122010-07-07T13:29:17.302-04:002010-07-07T13:29:17.302-04:00People underestimate how difficult it is for the t...People underestimate how difficult it is for the track to make the seed money back on this type of bet. In this case, $700,000-$1,000,000 would have to be bet per week simply to recover the $30,000 in seed money. Woodbine did the same thing with the turbocharged pick 6 last summer. Unless lots of carryovers are generated and the seed money doesn't have to be paid out, these bets always get too expensive. It's too difficult to generate that much handle in a short period of time. These bets are great for the horseplayer, but horrible for the track from a bottom-line standpoint.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8560898823512627114.post-84296225988505055782010-07-07T11:45:23.561-04:002010-07-07T11:45:23.561-04:00It's too bad!!As a thoroughbred guy I found it...It's too bad!!As a thoroughbred guy I found it to be an interesting bet. I was involved from the beginning and like "the flow" of it. The races came up quick and found it to be pretty exciting. Wonder why and average of $40,000 was not enough when the pic 6 usually draws around $3,000. Don't get it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8560898823512627114.post-67157087841461151502010-07-06T16:11:14.072-04:002010-07-06T16:11:14.072-04:00Tioga Downs has a new $6,000 guaranteed Pick 6 on ...Tioga Downs has a new $6,000 guaranteed Pick 6 on Sunday afternoons only. That harness track is even smaller but they've lowered their takeout to state-allowed minimums to it might be worth it to throw a few bucks at the wager.Anonymousnoreply@blogger.com