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Originally Posted by pgardn
Yes, yes, yes. My whole reason for being highly cautious of Pik bets, which I went to war with Oracle and Scuds on and no one understood. In fact most people backed them because after all, its Oracle and Scuds, not a minor league poster like myself.
Kurt. If the track gave you Pik combination odds, like the Win odds on the tote board do, then you would know that a lot of people had/have a ticket just like yours. Ex. If a horse is even odds to win, you know a lot of people have bet on your horse. But you do not know how many people hold tickets on pik bets that are the same as yours, therefore you do not know what the payout will be. Reguardless of what the pool size says. It does not matter because you dont know how many people hold winning tickets. You do know that a lot of money is on a horse that is even odds with a straight up win bet because the tote board tells you. There is no pik combination tote board until a number of races composing that pik bet are in.
Now after dissing pik bets, I will say they are highly entertaining. They are much more fun to try and figure out where you go deep etc... based on what the rest of the public might do. Getting the best bang for your buck by building a good ticket, while at the same time avoiding the massive number of public tickets that might be a winner, but are not worth the risk. This is why I find pik bets interesting.
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While I respect your math. The only time a 3 race parlay is comparable to a pk 3 is when you make a straight pk3. Because most pk 3 and 4 players widen there ticket to include some tomake iut a nice play. As an example I hit one at Bel in the last meet with 3 horses that were about 5/1 and spent $18 it paid 3,800. A example and not the norm but this is the chance you take. No way would I have taken the approximately 200 and put it on the nose of the 3rd leg but I invested the 18 in the pk 3. This is what helps make the races great, the many cobos you can come up with in wagering.