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Originally Posted by Coach Pants
I just feel that it will be a temporary boost to the pools that could result in a decline once the regular pick 3 players figure out their returns are being cut by bottom feeders.
You're the math wiz though. It just seems like there would be a few more winners.
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Someone did a study on .50 cent pick 4's versus $1 pick 4's comparing the payoffs with respect to the parlay value. I can't remember where I saw it but I think it was on horseplayerdaily.com, and essentially the result was the chalkiest of pick 4's paid slightly
more than they would have with a $1 minimum and medium-high payoffs (something like $600-$2,500 for a buck) paid slightly less. This result makes sense IMO- people play more combinations so the formerly overbet chalky combinations that everyone have get a boost and the combinations including perhaps one outlier which can now be covered with a lower budget drop slightly. I'd guess this study would translate to pick 3's as well.