104 K carryover at Pleasanton thursday 7/8

[Dancer's Image]

_
Pleasanton _
Record carryover on tap Thursday
By CHUCK DYBDAL
PLEASANTON, Calif. - Bettors at the Alameda County Fair on Thursday will find a $104,135 Pick Six carryover awaiting them. The carryover is the highest in the history of the Northern California fair circuit.
Officials at the track predict Thursday's Pick Six pool will hit $300,000.


So I go to the entries for tomorrow and I notice Pleasanton has a $2 Parlay bet in each race. Does anyone know what a parlay bet is when it comes to horse racing? Of course I know what a parlay bet is when combining two football games, and one would think a parlay in racing might be like either the daily double or the exacta/quinella, but no, they have all 3 of those bets listed also.

[GameTheory]

I believe in California the parlays are offered for win, place, and show and the money goes in the normal WPS pools. If you win, your winnings are automatically bet in the same pool for the next race. I'm not positive, but I think that's it....

[Light]

To play a parlay here you fill out a card and pick up to 6 different races if you want.Start with at least $2.00 or as high as you want. You can play each race in the WP or show spots,whatever you want.The races you pick don't have to be consecutive like Pk3's.The parlays are comingled in the WPS pools. The interesting psychological thing about them is that you are locked in. If your parlay is up to a $1000,you cant stop and take your money. The ticket must complete all races on it. When it first came on the scene years ago, a guy had about $30k built in his parlay from $600.going into his last leg. He needed the favorite to place.. It ran 3rd.

[cj]

Probably the stupidest bet I've ever heard of in racing. Why not just bet each race, and then if you want to parlay it all, bet it again? Totally asinine!

[Tee]

Originally posted by cjmilkowski
Probably the stupidest bet I've ever heard of in racing. Why not just bet each race, and then if you want to parlay it all, bet it again? Totally asinine!


There has to be a point where an individual doesn't have the "stones" so to speak to wager the money won back into another race?

The parlay does it for ya :)

[GameTheory]

I wonder if some of these bridgejumpers are just someone locked into a parlay where they hit a few longshots earlier?

[Dancer's Image]

Thanks Light, for the explanation....I bet the Calif tracks all the time, albeit through the Vegas racebooks, and I've never even heard of or seen these parlay bets.

As I understand them now from your explanation, I could parlay 2 horses, say the #1 horse to win in the 1st race, with the #1 to place in the 6th race. If I bet $2 on the parlay, and the #1 horse paid $40 to win, then that $40 would be put into the 6th race place pool on #1. If that is correct, then I agree with CJ, it's a stupid bet.

Anyone playing the Pleasanton pick-6 today? Good luck!

[Light]

DI

Yeah,you got it now. I have used it occasionally to back up my Pk6 ticket if I feel strongly about my picks. I'm sure alot of people have had a ticket with something like 3 winners,2 seconds and a 3rd,and get back nothing. If you throw $5 into a place or show parlay ticket,or some kind of mix,at least you would get some compensation for your hard work. And BTW cents are not cut off in parlays. So if you start with a 3.20 winner, you get 3.20 parlayed to the next horse,not $3.00.

[Zman179]

Originally posted by cjmilkowski
Probably the stupidest bet I've ever heard of in racing. Why not just bet each race, and then if you want to parlay it all, bet it again? Totally asinine!

Because you would be paying for breakage on every bet if you were to parlay race by race.

Example with a four horse parlay:
Prices before and after breakage:

Horse A : $7.93 - $7.80
Horse B : $6.67 - $6.60
Horse C : $11.96 - $11.80
Horse D : $9.34 - $9.20

A $10 parlay wager with breakage only taken out once would pay $3653.90. The exact same parlay played race to race, with breakage taken out after every race, would pay $3468.40. It's just like compounded interest.

I dunno about you cjm, but to me $185 ain't necessarily chump change.

[InsideThePylons-MW]

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[cj]

Originally posted by Zman179
Because you would be paying for breakage on every bet if you were to parlay race by race.

Example with a four horse parlay:
Prices before and after breakage:

Horse A : $7.93 - $7.80
Horse B : $6.67 - $6.60
Horse C : $11.96 - $11.80
Horse D : $9.34 - $9.20

A $10 parlay wager with breakage only taken out once would pay $3653.90. The exact same parlay played race to race, with breakage taken out after every race, would pay $3468.40. It's just like compounded interest.

I dunno about you cjm, but to me $185 ain't necessarily chump change.

What percentage of the time do you think you would hit a parlay of horses paying those prices?

I'd trade the $185 for the ability to cash out when I want to any day of the week. Also, are you sure that is how they pay out, with no breakage? Where did you get this info?

[Zman179]

Originally posted by cjmilkowski
What percentage of the time do you think you would hit a parlay of horses paying those prices?

I'd trade the $185 for the ability to cash out when I want to any day of the week. Also, are you sure that is how they pay out, with no breakage? Where did you get this info?

NYRA instituted the parlay tote wager way before California did. At the NYRA tracks the parlay wager is explained on signs against the walls (at least at Aqueduct & Belmont they are). They highlight the fact that the breakage is only taken out once and only at the end of the wagering sequence.

By playing parlay wagers over self parlaying, one saves quite a few dollars on winning tickets as a result of the one time breakage policy.

And, cjm, parlay wagers can comprise of anywhere between 2 and 6 races of the bettors choice involving WPS wagers of any variety, meaning that you could play a simple three horse parlay to either W, P or S, or you could mix them up with the first leg to win, the second leg to show and the third leg to place if you so desired. Your choice.

Here's an example with a simple 2 horse parlay for a $20 wager with realistically priced horses :

Horse A : $7.34 - $7.20
Horse B : $6.38 - $6.20

With a parlay bet, you'd get back $234.00 and with two separate win bets parlayed, you'd get back $223.20. That's a nearly 5% difference in profit. And this little bit of change could add up in a hurry, especially when betting larger amounts.

[Dancer's Image]

Zman,
I'm not doubting your story, (I've never been to Aqueduct or Belmont), but the parlays are not listed under the betting options for Belmont....here's tomorrow's 4th race, which had the most betting options...


4th (4:30)
Distance: 6 Furlongs Surface: Turf_ Fillies_ Age: 2 Year Olds_Maiden Special Weight_
Purse $43,000. Prg.# PP Horse Jockey Trainer Wt. Claim $ Equip. Med. ML
1 4 Brook's Approval Lezcano J Aquilino Joseph 1135 0 FTL 20-1
1A AE Memorable Night Castillo H Jr Aquilino Joseph 118 0 FTL 20-1
2 7 Steel Buns Bailey J D Mott William I 118 0 3-1
2B 12 Regal Approach Prado E S Mott William I 118 0 3-1
3 1 Accretion Bridgmohan S X Violette Richard A Jr 118 0 FTL 6-1
4 2 Madison Dollie Velazquez J R Pletcher Todd A 118 0 L 4-1
5 3 Fonda Ronda Chavez J F Weaver George 118 0 FTL 15-1
6 5 Reeves Park Jara F Quiles John N 1135 0 FTL 20-1
7 6 Prosperous Move Espinoza J L Sciacca Gary 118 0 L 20-1
8 8 Angela's Angel Migliore R Johnson Philip G 118 0 FTL 20-1
9 9 Knock N See Castellano J J Schwartz Scott M 118 0 Blk-On 6-1
10 10 Preacher's Tale Samyn J L Kelly Patrick J 118 0 7-2
11 11 Mt. Livermate Fragoso P Hennig Mark 118 0 FTL 15-1
12 MTO Balletto (UAE) Albertrani Thomas 118 0 4-1
A-Coupled: Brook's Approval and Memorable NightB-Coupled: Steel Buns and Regal Approach
Exacta, Quinella, Trifecta, Pick 3 (Races 4-6), Pick 6 (Races 4-9) Wagers

...now, Zman, Pleasanton lists the $2 Parlay as a betting option, but I have never seen the parlay bet at any Vegas racebook for any track, so maybe it's just not an option on Vegas?

[Zman179]

NYRA utilizes the parlay as an in-house option. When you are at one of the NYRA tracks, you'll see parlay betting slips next to the pick 6 slips. I've been betting parlays at Aqueduct/Belmont for about 15 years now.

The NY State OTB's also offer the NYRA parlay on an optional basis. For example, you can make a NYRA parlay wager at Nassau and Suffolk OTB but not at NYC OTB. Can't speak for the Upstate OTB's.

I do not believe that the NYRA parlay option is offered outside of New York State. It takes extra software to be able to offer the parlay, which is why most locations (such as Vegas) do not offer it.