![]() |
![]() |
![]() |
|
#1
|
|||
|
|||
![]() a couple of days ago I was listening to steve talk to paul mattice and he said something I didn't understand not that I disagree with him I just didn't understand why
he said that people betting a 50 cent pick 5 works against the better could someone go a little in depth as to why that is? thank you |
#2
|
||||
|
||||
![]() What Paul means is that the low minimum provides too much opportunity for coverage in the sequence, thereby allowing more people to hit which depresses the payouts.
__________________
All ambitions are lawful except those which climb upward on the miseries or credulities of mankind. ~ Joseph Conrad A long habit of not thinking a thing wrong, gives it a superficial appearance of being right. ~ Thomas Paine Don't let anyone tell you that your dreams can't come true. They are only afraid that theirs won't and yours will. ~ Robert Evans The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command. ~ George Orwell, 1984. |
#3
|
|||
|
|||
![]() but couldn't I reverse it and say without the 50 cent pick maybe the pool would be as big to diminish
|
#4
|
||||
|
||||
![]() Perhaps, to an extent.. but those playing a P5 are looking for a bonus return based on the degree of difficulty. Could be reasoned that a $1 increment makes up for the loss of .50 players. There would potentially be more carryovers too under the $1 increment scenario.
__________________
All ambitions are lawful except those which climb upward on the miseries or credulities of mankind. ~ Joseph Conrad A long habit of not thinking a thing wrong, gives it a superficial appearance of being right. ~ Thomas Paine Don't let anyone tell you that your dreams can't come true. They are only afraid that theirs won't and yours will. ~ Robert Evans The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command. ~ George Orwell, 1984. |
#5
|
||||
|
||||
![]() These are interesting discussions.
Look at the creation of the Super Hi-5. It came out of Santa Anita focus group conversations years ago with serious $1 Superfecta bettors who felt disenfranchised when the .10 minimum was added. There were players whose major action was big ticket $1 Supers and suddenly the big payoffs evaporated. Aaron Vercruysse was responsible for the work that created the Hi-5.
__________________
All ambitions are lawful except those which climb upward on the miseries or credulities of mankind. ~ Joseph Conrad A long habit of not thinking a thing wrong, gives it a superficial appearance of being right. ~ Thomas Paine Don't let anyone tell you that your dreams can't come true. They are only afraid that theirs won't and yours will. ~ Robert Evans The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command. ~ George Orwell, 1984. |
#6
|
|||
|
|||
![]() well I know his ive his some nice payoffs with the 50 cent just by listening to your show about a month ago I hit a ticket worth 162 for me and it payed 14 grand king Zackary startedthe pick 5 for me at 26 bucks ill stay with the 50 cents
|
#7
|
|||
|
|||
![]() Couple of questions
Do you think making the early pick 4 a $1 minimum would attract much more action and good payoffs? I think the pick 5@.50 is fine as the payoffs are usually pretty good. Do you think making the triple $1 minimum would boost the handle on the triple? It used to be a deuce back when it cost a buck for a racing form not The sawbuck it is these days. Isn't .50 a more reasonable minimum for the super than the ridiculous ten cent minimum ? With the new tax rules in effect, isn't this a logical move ? |
#8
|
||||
|
||||
![]() Quote:
|
#9
|
||||
|
||||
![]() I definitely noticed it when they decreased the minimum in trifectas. The change from $1 to 50 cent really impacted the payouts. Even playing them for $1 doesn't make up for it. So it's a two edged sword. More people can play more horses and have more hits, but the pie is sliced many more times.
|
#10
|
|||
|
|||
![]() Quote:
Are you suggesting payoffs have declined on average 50%? |
#11
|
||||
|
||||
![]() Are you suggesting that reducing the minimum has had no effect on the payout to a $1 standard? If so then please cite the study of this so we can put it to bed once and for all. When I bring up the subject I usually get double teamed and my math abilities questioned but logically it is inconceivable that payoffs have not been negatively impacted. Simply because on average horse players are spending the same amount of money they used to spend on a ticket and covering more horses. We can see an example of this on our play along threads now vs before the minimums were raised.
|
#12
|
|||
|
|||
![]() Quote:
|
#13
|
||||
|
||||
![]() Quote:
There is also more information out there than ever, or so I assume. More information should provide better results. I wonder if we have seen a higher number of favorites winning in recent years. Does anyone keep track of that information (maybe something like average payout on a win bet)? We know that favorites have had a streak in the Derby. |
#14
|
|||
|
|||
![]() The triples pay lousy. Everyone knows it. Hitting it for a buck does not give you the same bang for your buck as it used to when it was a buck minimum. It should be a deuce minimum in the last race like it used to be.they should try making the double a deuce again. Maybe a $5 min exacta in the featured race every day or the last race of the day.
|
#15
|
|||
|
|||
![]() Quote:
|
#16
|
||||
|
||||
![]() No. He’s only suggesting that the increase in the pool hasn’t made up for the increase in payouts. If you start with a pool of $100 and split it between 10 people, everyone gets $10. If you double the pool to $200 but split it between 25 people, more people win but the average payout is now $8.
It doesn’t really matter what your wager is since the payout per win is smaller. |