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GPK 08-05-2006 09:28 PM

Bettors....what would you do?
 
on Pinnacle...right now...for the 4StarDave tommorow...I can get "the field" at +125 vs. Artie Schiller tomorrow.

Now...using these $$$ figures to make it easy. Would you take $20 to win $25and put it on the field OR would you take that same $20 and put $5 on each horse to win, hoping that the 2nd betting favorite in the race is 4-1 and someone beats him?

The ML odds are as follows:

Prg.# PP Horse Jockey Trainer Wt. Claim $ Equip. Med. ML
1 1 Diamond Green (FR) Desormeaux K J Frankel Robert 115 0 L 4-1
2 2 Remarkable News (VEN) Castellano J J Penna Angel Jr 117 0 L 7-2
3 3 Noble Causeway Coa E M Zito Nicholas P 114 0 Blk-Off L 8-1
4 4 Artie Schiller Gomez G K Jerkens James A 122 0 L 1-1
5 5 Ashkal Way (IRE) Luzzi M J bin Suroor Saeed 116 0 L 4-1


What would turdbucket do???

my miss storm cat 08-05-2006 09:30 PM

All I know is Ashkal Way is the winner. :)

GPK 08-05-2006 09:32 PM

Quote:

Originally Posted by my miss storm cat
All I know is Ashkal Way is the winner. :)

I think he gets bet down lower than 4-1.....thats why I am considering the matchup.

my miss storm cat 08-05-2006 09:34 PM

Quote:

Originally Posted by GPK
I think he gets bet down lower than 4-1.....thats why I am considering the matchup.

Got it. Took me a minute..... sorry!

I was hoping he'd be at longer odds. :)

BPLichorowiec 08-05-2006 09:40 PM

But if you think its going to be a 2 horse race and you like Ashkal way, then you probably should bet Ashkall to win tomorrow and get a better price than +125. I'm thinking you would have to get atleast 2-1 on Ashkal way which pays alot more than +125.
Thats just my humble opinion

GPK 08-05-2006 09:47 PM

Quote:

Originally Posted by BPLichorowiec
But if you think its going to be a 2 horse race and you like Ashkal way, then you probably should bet Ashkall to win tomorrow and get a better price than +125. I'm thinking you would have to get atleast 2-1 on Ashkal way which pays alot more than +125.
Thats just my humble opinion

thats the thing....I am not sold on it being a 2 horse field....and ANYTHING can happend during a horse race....thats why I was curious if I just take "the field" and the only thing that has to happen is Artie NOT WIN.

BPLichorowiec 08-05-2006 10:00 PM

Unless you have a strong feeling about the race (which it doesnt seem so), you probably shouldn't make this bet. I haven't looked at the race yet, so I can't provide my thoughts about that (but not that it would help much).

But seeing that Arties ML is 1-1, the prop bet is actually a good value. But its your money, so its your call. Sorry I didn't help.

Gander 08-06-2006 06:07 AM

I know he has disappointed people (myself included), I just dont see Artie losing today Kev. I wouldnt try to beat him. Unless you feel strongly about the 10th race, I wouldnt play the 9th.

GPK 08-06-2006 06:39 AM

the field is now +142 as of this morning.

Gander 08-06-2006 07:34 AM

Dont make that bet Kev. Surely you can find something else to bet today?

If you were betting $20 on this to make a profit of appx $28, why not just risk $70 on Tiger Woods winning to make the same profit?

Tiger Woods has a much, much, much better chance of winning today than Artie Schiller does losing.

oracle80 08-06-2006 07:44 AM

Kev that race is a real bad betting race. I love great stakes races and like watching the best compete but it really throws a wet blanket over the late pik-4. Artie is just so hard to bet, or to bet against.
There are other races that i actually like so why not just pass the race and go elsewhere.

GPK 08-06-2006 07:45 AM

I am about 90% gonna pass that bet up anyways....I have no faith in Artie anymore. I bet him, he loses, If I don't bet him today, he would win.

Gander 08-06-2006 07:52 AM

Gulp, I would bet Artie at 3/5 or better to win today. Thats about my breaking point.

As far as "safe bets go", Artie Schiller winning and Tiger winning are very close in my mind although I would give the edge to the human, in this case Tiger may not be so human. Hes about as great a frontrunner who has ever played any sport. Kind of like Tom Brady is when he had a lead or an edge in football.

GPK 08-06-2006 07:55 AM

Quote:

Originally Posted by Gander
Gulp, I would bet Artie at 3/5 or better to win today. Thats about my breaking point.

As far as "safe bets go", Artie Schiller winning and Tiger winning are very close in my mind although I would give the edge to the human, in this case Tiger may not be so human. Hes about as great a frontrunner who has ever played any sport. Kind of like Tom Brady is when he had a lead or an edge in football.


I would bet Tiget 99 times out of a 100 rather than Artie today.

Gander 08-06-2006 07:58 AM

If you can still get .42 on a dollar, can you make a potentially big bet for your buddy Gander through your account?

Dunbar 08-06-2006 07:59 AM

As you say, you have 2 choices, but I'd work the 2nd choice a little differently. If you want to bet on all the other horses, then it's probably better to divide your $20 so that you would collect approximately the same amount on each of the other horses. That means betting more on Ashkal Way then you would bet on Noble Causeway.

As for which of the 2 ways is better, that depends only on what odds you think Artie Shiller will go off at. If he goes off at lower than, then betting on the other horses is better than the Pinnacle prop. You can construct a bet on all the other horses that will pay more than +125 if Artie Shiller is going off at lower than 1-1. At 1-1 it is a tossup.

Here's how to figure it out for various closing odds on Artie. I’m going to assume for the calculation that each of the other horses has an equal amount bet in the win pool (and that you bet the same $5 on each of the other horses), because it makes the calc much simpler, and it does not affect the conclusion.

1. Assume that each of the other 4 horses has the same amount in the win pool.
2. Take an arbitrary amount for the total win pool; say $100,000.
3. Subtract the track take from the Win Pool.
(up to here, the steps are independent of AS's expected odds)
4. Choose AS's odds that you want to test
5. Figure out how much of the win pool would be on AS
6. Figure out how much of the win pool is on the other 4 horses.
7. Figure out how much one of the other 4 horses would pay. (they should all pay the same because of the way you bet.)

If the amount you win is better than what you would have gotten from Pinnacle (+125 on your $20), then the Pinny prop is not as good as betting on the individual horses.

Example, testing AS at 1-1:

1. Assume each of the other horses has 25% of the money NOT bet on Artie.
2. Assume Win Pool = 100,000
3. $86,000 after subtracting track take
4. Assume Artie goes off at 1-1.
5. If we call the amount bet on Artie "X", then ($86,000-X)/X = 1, so X = $43,000
6. 100,000-43,000=$57,000 (amount on other horses)
7. From (1), we assumed Ashkal Way would have 25% of the money that was NOT bet on Artie. So 25% * $57000 = $14,250. AshkalWay would pay:
(86000-14250)/14250 = 5.02 to 1. That's going to be rounded to 5.00 to 1. With your $5 bet, you win 5*5.00=$25.

$25 is the same as the $25 you would win from Pinnacle, so if Artie goes at 1-1, it would appear that it doesn’t matter which way you bet. (But because tote odds of "1-1" will mean anything from 1-1 up to almost 6-5, it will still be better to take the Pinnacle bet.) You can test this by seeing what you'd get if Artie goes off at 6-5)

1-1 on Artie is close to the point where both ways of making the "no-Artie" bet return the same. If you think Artie will go off at less than 1-1, then it's definitely better to bet the 4 other horses than take +125 at Pinnacle. If you think Artie will go off at 1-1 or more, then it's better to take the Pinnacle prop.

--Dunbar

GPK 08-06-2006 08:00 AM

Quote:

Originally Posted by Gander
If you can still get .42 on a dollar, can you make a potentially big bet for your buddy Gander through your account?


With $12 in my account, I can't make any big wagers for anyone.

Gonna try and find a pick 3 with that $12 or maybe the early the DD and build from there....:D

Dunbar 08-06-2006 08:20 AM

Quote:

Originally Posted by GPK
the field is now +142 as of this morning.

At +142, the breakeven point for comparing the 2 ways to bet against Artie is when Artie is 0.77 to 1. If Artie is 4-5 or higher, it is better to take the Pinny prop. If Artie is lower than 3-5, it is better to bet against Artie at the track. Between 3-5 and 4-5, it depends on which side of 0.77 you are.

I'm not advocating betting against him, just working on GPK's question. I've now got a spreadsheet that will make analyzing this kind of choice easier in the future.

--Dunbar

GPK 08-06-2006 08:21 AM

Quote:

Originally Posted by Dunbar
At +142, the breakeven point for comparing the 2 ways to bet against Artie is when Artie is 0.77 to 1. If Artie is 4-5 or higher, it is better to take the Pinny prop. If Artie is lower than 3-5, it is better to bet against Artie at the track. Between 3-5 and 4-5, it depends on which side of 0.77 you are.

I'm not advocating betting against him, just working on GPK's question. I've now got a spreadsheet that will make analyzing this kind of choice easier in the future.

--Dunbar

thanks for all of this info bro. Unfortunately, Pinny takes the prop bet down real early, so I will never know the break point because of that.

Dunbar 08-06-2006 08:37 AM

Quote:

Originally Posted by GPK
thanks for all of this info bro. Unfortunately, Pinny takes the prop bet down real early, so I will never know the break point because of that.

Right. It's more of a case of what you THINK Artie's odds will be. If you are convinced that he will go off no lower than 4-5, then you would want the Pinny prop. If you think he will go off at around 3-5, then in doesn't matter much which way you make the bet. If you think he will go off at 1-2 or lower, then you'd want to bet the other horses at the track.

If you don't have an opinion on what Artie will go off at, then this kind of analysis isn't helpful to you.

Anyway, I was interested in your question because I like comparing different ways to make the same bet. If you can make the same bet 2 different ways, this gives you another way to get an edge. See http://www.blackjackforumonline.com/...t/Quinella.htm , for example.

--Dunbar

Gander 08-06-2006 08:45 AM

I would be shocked if Artie goes off at 4/5 in a 5 horse field like that one. No way Jose. I say 3/5 at he very most. Most likely 1/2 or 2/5. Not a horrible field by any means but you are talking about one of the best mile horses on the turf in training.

TheSpyder 08-06-2006 08:46 AM

There's the odd analysis and then theirs the horse race and wagering angle. I just don't see Artie the lock everyone else is and think there's some real compitition in this race from a few horses.

As someone else said, if I'm betting $25 or whatever I'm not looking to make $25, I'm looking for more value in a race where I can get better odds and more return. I'd look to put that money into exactas or pcik threes. I rather hit less races and make more money. Granted Artie will be 1st or 2nd most likely but too many times low prices favorites disappointed, especially at Saratoga in big races.

So I would invest the $25 this way:

$4 for beer
$3 for hotdog
$18 in pick threes

That way you know you get some return if you loose the races and have a chance at hitting for much more money!

Spyder from SC

GPK 08-06-2006 08:47 AM

Quote:

Originally Posted by Dunbar
Right. It's more of a case of what you THINK Artie's odds will be. If you are convinced that he will go off no lower than 4-5, then you would want the Pinny prop. If you think he will go off at around 3-5, then in doesn't matter much which way you make the bet. If you think he will go off at 1-2 or lower, then you'd want to bet the other horses at the track.

If you don't have an opinion on what Artie will go off at, then this kind of analysis isn't helpful to you.

Anyway, I was interested in your question because I like comparing different ways to make the same bet. If you can make the same bet 2 different ways, this gives you another way to get an edge. See http://www.blackjackforumonline.com/...t/Quinella.htm , for example.

--Dunbar

1. I can't bet quinellas in Va
2. My mind isn't sharp enough to follow all that stuff.
3. Sounds to me that a quinella is nothing but an exacta box.

GPK 08-06-2006 08:53 AM

Dunbar.....just browsing through Pinnacle....looking at golf matchups...my maximum bet....$2K

Dunbar 08-06-2006 10:41 AM

Quote:

Originally Posted by GPK
1. I can't bet quinellas in Va
2. My mind isn't sharp enough to follow all that stuff.
3. Sounds to me that a quinella is nothing but an exacta box.

1. GPK, the article is only relevant to the times that quinella betting is offered in the same race as exactas. This is definitely a small minority of races.

2. Yes, it is. It only requires easy arithmetic.

All you need to understand is "An alternate form of the Q-Test would be to ask if Ex*Er/(Ex+Er) > Q". Ex and Er are the payoffs for the exacta and exacta reverse, and Q is the quinella payoff. When the left side is bigger than Q, it is better to create the bet by using exactas.

If you look at the one day at Santa Anita in the examples, you'll see that sometimes the quinellas paid 22% more than a bet constructed from the exacta and exacta revers. And sometimes it was the other way around.

Anytime you have a choice of two ways of betting, and one might be 22% better than the other, that's good info to have.

3. A quinella is different than an exacta box. An exacta box payoff will generally depend on which of the 2 horses wins. But you can make exacta bets that look like a quinella by adjusting the amount bet on each of the 2 exactas so that the payoff will be almost the same. By doing this, you create a "pseudo-quinella". The article explains how to tell which is better, the quinella or the "pseudo-quinella".

Quote:

Originally Posted by GPK
Dunbar.....just browsing through Pinnacle....looking at golf matchups...my maximum bet....$2K

My limit for these is about 2.8K; just about the same ratio to your limits as on the horse bets.

--Dunbar

GPK 08-06-2006 10:50 AM

Quote:

Originally Posted by Dunbar
1. GPK, the article is only relevant to the times that quinella betting is offered in the same race as exactas. This is definitely a small minority of races.

2. Yes, it is. It only requires easy arithmetic.

All you need to understand is "An alternate form of the Q-Test would be to ask if Ex*Er/(Ex+Er) > Q". Ex and Er are the payoffs for the exacta and exacta reverse, and Q is the quinella payoff. When the left side is bigger than Q, it is better to create the bet by using exactas.

If you look at the one day at Santa Anita in the examples, you'll see that sometimes the quinellas paid 22% more than a bet constructed from the exacta and exacta revers. And sometimes it was the other way around.

Anytime you have a choice of two ways of betting, and one might be 22% better than the other, that's good info to have.

3. A quinella is different than an exacta box. An exacta box payoff will generally depend on which of the 2 horses wins. But you can make exacta bets that look like a quinella by adjusting the amount bet on each of the 2 exactas so that the payoff will be almost the same. By doing this, you create a "pseudo-quinella". The article explains how to tell which is better, the quinella or the "pseudo-quinella".



My limit for these is about 2.8K; just about the same ratio to your limits as on the horse bets.

--Dunbar

Just start calling you "big money":D

GPK 08-06-2006 04:31 PM

Note To Self.....listen To Gut Next Time.


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