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  #1  
Old 05-01-2017, 09:30 PM
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DonGuido DonGuido is offline
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NJ: for us older and very slow learner, players of very elder years, please explain "back wheel" . . . I'm not afraid to say I have no idea what the helk you are talking about . . . and give us all an example please!

Thanks,
DG
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  #2  
Old 05-02-2017, 10:47 AM
JolyB JolyB is offline
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Quote:
Originally Posted by DonGuido View Post
NJ: for us older and very slow learner, players of very elder years, please explain "back wheel" . . . I'm not afraid to say I have no idea what the helk you are talking about . . . and give us all an example please!

Thanks,
DG
Don, I'll try to answer your question before it gets buried.

NJ seems to be employing a very intelligent money management tool to increase his chances of profit.

He has already locked in his price on the future bets if any of his picks win. I don't know what his odds are, but suspect they are very generous. By "backwheeling" in the exacta, he is trying to create a situation in which he profits if any of his picks finish either 1st or 2nd. He does this by playing an exacta that is ALL/ Practical Joke and another that is ALL/ Looking At Lee. If Royal Mo draws in he will do the same with him. Since each of those horses will be going off at generous odds, presumably the exacta with any of them underneath will also be generous. Also, NJ will have the opportunity to look at the exacta "will pays" to figure out just how much he needs to bet in his exactas to cover the amount he has already invested in the future pools.

Now, if the exacta comes in Practical Joke/Looking At Lee or vice versa, NJ will be a very happy handicapper since he will have cashed both his future win bet and a VERY nice exacta.

Good luck to you NJ. I'm probably going a different route, but like your style of money management. Not unlike an arbitrage play in the stock market.

NJ, if I have not described what you meant by your "backwheel" reference, please correct me.
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  #3  
Old 05-02-2017, 09:25 PM
NJ Stinks NJ Stinks is offline
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Joly, you described it better than I could have. And made me sound smarter than I am!

One other factor for me is that I believe the exacta backwheel bet has greater potential to result in a bigger score than taking the same money and making a place bet on any of the colts I have a future bet on.

Let's face it. I'm looking for chaos!
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  #4  
Old 05-02-2017, 09:50 PM
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DonGuido DonGuido is offline
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Originally Posted by NJ Stinks View Post
Joly, you described it better than I could have. And made me sound smarter than I am!

One other factor for me is that I believe the exacta backwheel bet has greater potential to result in a bigger score than taking the same money and making a place bet on any of the colts I have a future bet on.

Let's face it. I'm looking for chaos!
And this year you may just get it. Remember Giacomo (sp?). I have little faith in any of the stronger suits.
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Last edited by DonGuido : 05-03-2017 at 12:43 PM.
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  #5  
Old 05-03-2017, 11:51 AM
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RUFFIAN RUFFIAN is offline
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Default Giacomo

Remember Giacomo?
====================

I SURE DO!!!!
HOW WOULD I NOT HAVE A GRAY SON OF HOLY BULL

WHO APPERS IN MY BOOK & WHOSE SHOES HANG ON MY WALL
GIVEN TO ME BY JIMMY CROLL

In fact, 5 minutes after Giacomo WON I got a phone call from
a friend in Florida who knows my Obsession with GRAYS ~
(Horses Not Aliens!) & My Love Of HOLY BULL
The first words he said were " You Had THAT Horse .... DIDN"T YA!"
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