Why litttle to No Matchup Betting?

[Flysofree]

I'm guessing because tracks fear negative pools? But they get that now to some extent, but I guess it's too little too worry about as it is. Still seems like they could find a few races per day to offer individual matchup betting? Maybe only one race per day, but if interested they could easily find one. If they think of the sports aspect of the game more they would increase handle, but it seems they prefer the lottery approach...duh... :eek:

[horses4courses]

but it seems they prefer the lottery approach...duh... :eek:

That's because the majority of players do, also.
Who wants match betting at -125 per entry at a pickem?
Not me.... no thanks. :ThmbDown:

[Flysofree]

That's because the majority of players do, also.
Who wants match betting at -125 per entry at a pickem?
Not me.... no thanks. :ThmbDown:

We just see things differently.... Sometime -1.25 is value..... But difference of opinion is what makes horse races..

[thaskalos]

A pick'em at -125 is an insult to every horseplayer worth his salt.

[DRIVEWAY]

Bet the odd vs even horses in every race. Great tourist, as well as, professional wagering opportunity.

[Flysofree]

My deepest apologies.... I'm not much of a horse player.... But I like to make A BET now and then... Key word for ME only a bet.... Again my apologies to good horseplayers... I'm not one.

[thaskalos]

My deepest apologies.... I'm not much of a horse player.... But I like to make A BET now and then... Key word for ME only a bet.... Again my apologies to good horseplayers... I'm not one.
Apology accepted. :ThmbUp:

[davew]

They tried them in CA a couple years back. The parimutual system is not very kind to this bet with track take and breakage.

Say you had a couple close horses and if you picked the winner got back for each $2 bet either $2.80 or $3.00, how many times would you have to make this bet before feeling like a chump?

I like matchups, and feel they would be a great bet if they did away with breakage and cleared to the cent. Every horse could be included and an exacat grid could be used to show probables.

I would like these bets better than the Pick 3,4,5,6,8,9 stuff they have now which tie up money quite awhile and pay rarely.

The horse racing industry has not discovered CHURN, that the casinos are so fond of. How many hands of blackjack, crap rolls, slot machine pulls can you get in 30 minutes? How many horse races in 30 minutes?

[horses4courses]

Sometime -1.25 is value

Absolutely.
When you get to bet a stakes horse against a claimer.
How often does that happen?
Don't hold your breath.......... ;)

[Flysofree]

I like for myself the one play if it pays $2.80 and I bet a $100.. am quite happy with my $40 profit for the day on a 2 horse match up. That's just me. So you sharpies don't get your panties in a wad ok??

[DeltaLover]

The horse racing industry has not discovered CHURN, that the casinos are so fond of. How many hands of blackjack, crap rolls, slot machine pulls can you get in 30 minutes? How many horse races in 30 minutes?

Horse betting is not about many repetitive bets like BJ or slots (see Hong Kong racing for more)

[HuggingTheRail]

Emerald did this a few years ago. I seem to recall it was on the 2nd to last race of the day, and usually involved two horses that were around 6 or 8-1 on the Morning Line. I think the pools were really small...about $1000?

[biggestal99]

I'm guessing because tracks fear negative pools? But they get that now to some extent, but I guess it's too little too worry about as it is. Still seems like they could find a few races per day to offer individual matchup betting? Maybe only one race per day, but if interested they could easily find one. If they think of the sports aspect of the game more they would increase handle, but it seems they prefer the lottery approach...duh... :eek:


Matchup betting is glorified exchange wagering with higher takeout.

Allan

[therussmeister]

I think the pools were really small...about $1000?
And that is the problem. You are faced with the combination of a very small ROI and no opprtunity to bet large amounts of money.

[horses4courses]

And that is the problem. You are faced with the combination of a very small ROI and no opprtunity to bet large amounts of money.

Where they actually might get some play is on the TC and BC races.
If they advertised a low takeout, say 10-15%, head to heads would work.

[davew]

Horse betting is not about many repetitive bets like BJ or slots (see Hong Kong racing for more)


maybe it should be...

[Some_One]

Where they actually might get some play is on the TC and BC races.
If they advertised a low takeout, say 10-15%, head to heads would work.

You'll still end up with both horses at 3-5 because of breakage. You need a 5% takeout with penny breakage to make it viable.

[davew]

You'll still end up with both horses at 3-5 because of breakage. You need a 5% takeout with penny breakage to make it viable.

If you had that, and make the bettors eat the negative pools, and $ base - the bet would take off and volume grow. What I mean for bettors eating negative pools is if in a race Breeders Cup champ was against maiden claimer winner - after 5% take and BC win, the winners mught get back 97 cents/$.

Breakage must be a carry-over from tellers. Fifty years ago, all bets were made with tellers. Then they added Self service machines, and now they have ADWs with accounts. Anyone have an idea on how much volume goes through tellers? Maybe this bet could be only SAMs and ADWs - cashout with vouchers if on track.

[horses4courses]

You'll still end up with both horses at 3-5 because of breakage. You need a 5% takeout with penny breakage to make it viable.

You're right.....10% is a 50 cent line.

[Some_One]

Just looked it up, the 2003 Battle of the sexes match race at Del Mar had the fav at .50-1 and the underdog at .80-1

[thaskalos]

Just looked it up, the 2003 Battle of the sexes match race at Del Mar had the fav at .50-1 and the underdog at .80-1
2/5 on one horse...and 4/5 on the other. Who wouldn't salivate over that?

[sammy the sage]

2/5 on one horse...and 4/5 on the other. Who wouldn't salivate over that?

the O.P. already wrote he WOULD drool over that!!! :lol: :D :faint:

[tanner12oz]

I use to love when pinnacle had matchup wagering