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View Full Version : Pick 6 Payout Calculation Questions


infrontby1
10-02-2013, 05:52 PM
Today's Will Pays for Wednesday's Pick Six at Belmont were as follows:

#2- 41,718
#3 - 165,205 (Still baffled as to how this was was included on somebody's ticket as the longest shot on the board going off at 41/1)
#5 - 172,089
#9 - 172,089

All other runners were not covered.

The 12 won the race resulting in a carryover of $165,205.

Question: Had the 5 or 9 won, where was NYRA going to dish out the extra $7k from? Or to put it another way, why isn't the carryover going into Thursday's card at $172,089?

Unlike other payout will pays, the pick six is normal linear since it's strictly a $2 wager. For example, if the payout would be $200,000 to those selecting all six winners, you would see something like this:

#1- 25,000
#2 - 50,000
#3 - 100,000
#4 - 200,000

where there would be eight winning ticket holders on the 1, four on the 2, two on the three and a sole winner taking the whole pool on the 4.

That's why I noticed this abnormally when looking at the payouts on the 3,5, and 9.

NOTE: I viewed the NYRA website, and the pick 6 does not curtail the net-pricing pool method

Phantombridgejumpe
10-02-2013, 07:46 PM
5 out of 6 payouts. But just a guess

infrontby1
10-02-2013, 09:03 PM
What do you mean?

Phantombridgejumpe
10-02-2013, 09:57 PM
I'm thinking some of those options resulted in a different number of consolation payouts.

I don't know if the consolation is a fixed percentage or is adjusted slightly due to number of winners. Like I said, just a guess.

The more I type it out the less it makes sense -- for some reason made more sense 90 minutes ago in my head.

Some_One
10-02-2013, 11:11 PM
I believe P6 pools are a % for the take, a % for the consol's and a % for 6 out of 6. Reasons to see the differences is net pool pricing and exchange rate (We canucks play the 2 dollar P6 as well and get the same payout on screen as you do, just in loonies and toonies)

infrontby1
10-03-2013, 08:38 AM
I thought the same thing as well, but NYRA specifically says on its webiste that the Pick 6 does not use the net pool method. This is due in part because the Pick Six is strictly a $2 wager.

Some_One
10-03-2013, 09:18 PM
Well I can bet a 2 dollar P6 here in Canada, and currently, my 2 bucks ain't worth 2 bucks US.