25-cent Pick Six

[Indulto]

Beulah has 25-cent pick six By DAVE BASLER
http://www.drf.com/news/article/71495.html

"If multiple tickets are sold with six winners on any given day, those ticket-holders will split 40 percent of the gross pool wagered that day, with the remainder being added to the jackpot. On days when no ticket has six winners, those with five winners will split 40 percent of the pool wagered that day."

[Ron]

I assume there is an error in there somewhere.

Anyways, sucker bet?

[toetoe]

How many days for the pool to crack 4 figures?

[Ron]

Isn't guaranteeing the initial pool at $50,000 taking a big risk?

[rrpic6]

Isn't guaranteeing the initial pool at $50,000 taking a big risk?



Beulah's VP, Mike Weiss, has taken other risks that have made the public notice Beulah Park's product. The Beulah Twins was a true marketing bonanza. He took a Mutual Teller and her sister and made industry stars out of them. Beulah's handle has probably tripled since the initial concept became reality. Offering the ten cent super has also upped their handle. Players can bet a true ten cent straight super on their winticket webpage that has mushroomed from the crude phone wagering system once known as the TAB.

[toetoe]

If I read the link, I'd know that it's guaranteed? Is that it? :blush:

[rrpic6]

The 50K is guaranteed if only one winning ticket is sold. If more than one is sold, 40% of the pot is split up with the rest going to a special carryover, that being distributed if and when only one winning ticket is sold.

[Indulto]

rrpic6,

Would you play any differently with a 25c minimum than you would with a $2 minimum, and if so, how?

[saratoga guy]

Theorhetically, let's say you really liked a couple of singles and felt you only had to go two-deep in the other four legs (2x2x2x2x1x1 = 16 units).

It would cost $4 for a 25-cent base bet. But it would only cost $16 to up that to a $1 base bet.

But if you kicked it up to that $1 bet -- and you wound up being the only winner, you wouldn't take down the pot because there would be four winning tickets.

I'm assuming that's why they put in the provision that late scratches cause refunds on combinations including the scratch -- otherwise, a scratch that landed you on the favorite could screw you if you already included the favorite among your combinations. You could have ended up with two winning tickets and not gotten the top prize.

[rrpic6]

rrpic6,

Would you play any differently with a 25c minimum than you would with a $2 minimum, and if so, how?
Since this is a brand new wager, like the ten cent super, I'll have fun trying it out to see if it worth the time and effort to make a profit. I think I'll set a cash limit of $50 for the first few times. If the pot grows big enough, I'd like to make it a pic3, by playing every posible winner in 3 legs with the strongest one or two horses in the other 3 legs.

[twindouble]

I can see it all now, quick pick machines all over the track, online quick picks, 10 cent and 25 cent wagers, get boored with that go pull some slots or take in a show then go shopping or to dinner. Just don't forget to insert your points card, cash in your credits for Jerry Bailey doll. :bang:

Oh well, such is life. If by some stroke of luck they increase handle and attendance, these new people won't put the time or effort into racing like we do, so that will give us a huge advantage over them. When it comes to radical changes in anything, opertunity opens up but the sad thing is tridition always gets swept away. At this point I throw my hands up but I'm not going to bend over.

T.D.

[Cesario!]

Hmm...the "bonus" (well, it's really a full-entitled payout, so the reverse is actually a penalty) for hitting it alone is intriguing. I love the idea of a cheaper pick-6 -- for the same reasons I love the dime super: (1) More silly money in the pool increases the odds of legitimate options; (2) it's cheaper to buy to the point of get to the point of getting decent odds back.

Anything that lets smaller capitalized players play with same advantages as large cap players is good in my book. I go back and forth on thoughts as to whether larger players would find this enticing. The strong luck factor for the big payout would require long-term play to ensure hitting it when it happened. And when it does happen, it's going to be when many unforeseeable things happen -- it'll probably be someone who played it like a lottery. :p

Seth

[Rob_in_MN]

I think there intentions are pretty good here and it's a fairly savvy way to introduce less inclined players to get into the pools.

With the amount of cheap speed at prices and the fact that this is a track that quite often pays 2 of 3 on pick 3's there may be some legitimate value for a nominal investment. Plus the aspect that it's entertainment. I'd love to play the bigger pick 6 pools but don't care to spend upwards of $450 for what I feel is a confident ticket (i.e. Aqu on Tuesday). Kudos to Beulah for the ingenuity without slot machines.

[stuball]

You have to give them credit for trying.....for how many years has management sat on their hands and done nothing....now here is someone willing to push the envelope....time will tell if this a good idea or not...But I for one give them a lot of credit for what they are trying and that is the key word.....they are "TRYING".

Stuball

[Turntime]

Strangely enough this bet might be more difficult for the small bankrolled player despite the .25 minimum. In the traditional pick six you wait for a carryover then bet into a positive expectation pool. If enough lower priced horses come in, a $200 ticket has a decent chance of collecting although you'll have to share the pot with other players. In the Beulah model you are obligated to play tickets outside the box if you want to take down the jackpot, forcing you to play low probability tickets thereby increasing fluctuation. As the carryover grows you may have to reach further outside the box. A strange anomoly could occur on a day of short fields and strong chalk where it might be near impossible to have a sole winning ticket. This could have the bizarre effect of making people not want to play that day. If the Beulah management wanted to make a bet easier for the small player then they should leave the traditional pick six rules alone and simply make the minimum 25 cents.

This bet has a real "lottery" feel to it, but maybe that's their intention. I don't think that I'll be getting involved with this wager.

[rrpic6]

I think the ideal situation would be to have the carryover grow to over 100K, then have a series of days that lots of chalk come in. The 40% gets paid out, but the big pot continues to grow. What's wrong with sharing a 40K payout? You now have bullets to keep on trying for the big one.
Some people will always disagree with change. That's fine by me. I'm not too proud to play the 10 cent supers. I'll post some of my recent plays if anyone cares.

[Indulto]

Some very thoughtful responses! I like the way this thread has turned out.

Ces, Rob, & Stu,
I agree that this is a truly innovative idea and that in itself is encouraging

Turn,
I too would love to attack the traditional P6 with a 25c minimum, but the genius behind this approach is that it thwarts whale feeding -- at least until the jackpot is sufficiently tempting at a time when all fields are competitive or somebody has access to inside information.

rrpic6,
Would love to see your 10c super plays. Can you find out the identity of the creative mind(s) that came up with this wager? I didn’t notice any mention of the “Grand Scam” when tlg recently listed NYRA Nader’s accomplishments for DrC.

Experimenting with $50 suggests ~200 combinations in a situation where singling works against one. It seems to me that some variation of 2 x 2 x 2 x 3 x 3 x 3 = 216 è $54 might be a good starting point. I would use my top pick and estimated most likely value play along with a potential bomb I couldn’t eliminate in at least half the races. Not exactly professional, but that’s the point.

[stlseeeek]

rrpic


Did you ever see the Twins Playboy shoot? I guess they were doing a model search in Ohio, and they were shot in bikinis!

[rrpic6]

rrpic


Did you ever see the Twins Playboy shoot? I guess they were doing a model search in Ohio, and they were shot in bikinis!

I did see the pictorial. It was on Beulah's webpage about 4 years ago. That was when the Twins read from a script that was written by a Trainer from Mountaineer and videotaped before the races. This led to the girls picking a few "scratches". They had to do it that way as they were very raw in front of the camera. The pics were quite tasteful, no nudity, and it seemed they had a bit less cleavage.;)

[rrpic6]

# of BetsWin %$1 ROIWageredPayoffProfit/Loss2475.00%+3.17$1521.20$6350.95$+4829.75DateTime TypeTrackRacePool / Report TypeBaseRunners / ReportDebitCredit2005-12-31 (javascript: byDate('2005-12-31');)11:54:14Bet*Turfway-KyDowns (javascript: byTrack('Turfway-KyDowns');)7Superfecta (javascript: byPool('Superfecta');)$0.106/1+4+5+7+8+10/1+2+3+4+5+7+8+9+10+11/1+2+3+4+5+7+8+9+10+11$43.20$1460.372005-12-31 (javascript: byDate('2005-12-31');)11:54:34Bet*Turfway-KyDowns (javascript: byTrack('Turfway-KyDowns');)7Superfecta (javascript: byPool('Superfecta');)$0.106/1+2+3+4+5+7+8+9+10+11/1+4+5+7+8+10/1+2+3+4+5+7+8+9+10+11$43.20$1460.372005-12-31 (javascript: byDate('2005-12-31');)11:54:50Bet*Turfway-KyDowns (javascript: byTrack('Turfway-KyDowns');)9Superfecta (javascript: byPool('Superfecta');)$0.106+12/6+12/1+2+3+4+5+7+9+10+11/1+2+3+4+5+7+9+10+11$14.40 2005-12-31 (javascript: byDate('2005-12-31');)11:55:01Bet*Turfway-KyDowns (javascript: byTrack('Turfway-KyDowns');)9Superfecta (javascript: byPool('Superfecta');)$0.106+12/1+2+3+4+5+7+9+10+11/6+12/1+2+3+4+5+7+9+10+11$14.40 2006-01-01 (javascript: byDate('2006-01-01');)15:06:36Bet*Santa Anita (javascript: byTrack('Santa Anita');)6Superfecta (javascript: byPool('Superfecta');)$0.101+4+10+12/1+4+5+10+12/1+4+5+6+10+11+12/1+4+5+6+9+10+11+12+14$48.00$78.122006-01-02 (javascript: byDate('2006-01-02');)11:57:01Bet*Turfway-KyDowns (javascript: byTrack('Turfway-KyDowns');)5Superfecta (javascript: byPool('Superfecta');)$0.101+2+3+4+5+7+9+11$168.00 2006-01-02 (javascript: byDate('2006-01-02');)13:17:32Bet*Turfway-KyDowns (javascript: byTrack('Turfway-KyDowns');)8Superfecta (javascript: byPool('Superfecta');)$0.102+3+7+8/1+2+3+4+7+8+11/1+2+3+4+7+8+11/1+2+3+4+5+6+7+8+9+10+11+12$108.00$83.632006-01-02 (javascript: byDate('2006-01-02');)13:39:21Bet*Turfway-KyDowns (javascript: byTrack('Turfway-KyDowns');)9Superfecta (javascript: byPool('Superfecta');)$0.101+2+3+4+6+7/1+2+3+4+6+7/1+2+3+4+6+7/1+2+3+4+5+6+7+8+9$72.00$118.422006-01-02 (javascript: byDate('2006-01-02');)13:39:47Bet*Turfway-KyDowns (javascript: byTrack('Turfway-KyDowns');)9Superfecta (javascript: byPool('Superfecta');)$0.101+2+3+4+6+7/1+2+3+4+6+7/1+2+3+4+5+6+7+8+9/1+2+3+4+6+7$72.00$118.422006-01-05 (javascript: byDate('2006-01-05');)16:14:42Bet*Turfway-KyDowns (javascript: byTrack('Turfway-KyDowns');)5Superfecta (javascript: byPool('Superfecta');)$0.101+4+5+6+8/1+4+5+6+8/1+2+3+4+5+6+7+8+9+11+12/1+4+5+6+8$48.00 2006-01-05 (javascript: byDate('2006-01-05');)17:27:32Bet*Charlestown (javascript: byTrack('Charlestown');)10Superfecta (javascript: byPool('Superfecta');)$1.005+9+10/1+5+7+9+10/1+5+7+9+10/1+2+3+5+7+9+10$144.00($90.00)2006-01-05 (javascript: byDate('2006-01-05');)18:01:46Bet*Turfway-KyDowns (javascript: byTrack('Turfway-KyDowns');)9Superfecta (javascript: byPool('Superfecta');)$0.102+4+5+10/1+2+3+4+5+10/1+2+3+4+5+6+7+8+9+10+11+12/1+2+3+4+5+10$72.00($144.15)2006-01-06 (javascript: byDate('2006-01-06');)20:41:09Bet*Sam Houston (javascript: byTrack('Sam Houston');)10Superfecta (javascript: byPool('Superfecta');)$0.104+7+10/2+3+4+7+10/2+3+4+7+10/1+2+3+4+5+6+7+8+9+10$25.20$8.642006-01-06 (javascript: byDate('2006-01-06');)20:46:23Bet*Sam Houston (javascript: byTrack('Sam Houston');)10Superfecta (javascript: byPool('Superfecta');)$0.103+4+7+10/3+4+7+10/1+2+3+4+5+6+7+8+9+10/2+3+4+7+10$25.20$8.642006-01-08 (javascript: byDate('2006-01-08');)12:50:11Bet*Santa Anita (javascript: byTrack('Santa Anita');)2Superfecta (javascript: byPool('Superfecta');)$0.104+5+6/3+4+5+6+7+8+10/2+3+4+5+6+7+8+10/2+3+4+5+6+7+8+10$54.00$308.792006-01-08 (javascript: byDate('2006-01-08');)13:31:02Bet*Santa Anita (javascript: byTrack('Santa Anita');)3Superfecta (javascript: byPool('Superfecta');)$0.105/1+2+3+8/1+2+3+4+6+7+8+9+10/1+2+3+4+6+7+8+9+10$22.40$50.812006-01-08 (javascript: byDate('2006-01-08');)13:31:29Bet*Santa Anita (javascript: byTrack('Santa Anita');)3Superfecta (javascript: byPool('Superfecta');)$0.101+2+3+8/5/1+2+3+4+6+7+8+9+10/1+2+3+4+6+7+8+9+10$22.40$118.812006-01-08 (javascript: byDate('2006-01-08');)14:11:17Bet*Santa Anita (javascript: byTrack('Santa Anita');)4Superfecta (javascript: byPool('Superfecta');)$0.102+6+7+10+11+12/2+6+7+8+10+11+12+13/2+3+6+7+8+10+11+12+13/2+3+6+7+8+10+11+12+13$176.40$2074.662006-01-08 (javascript: byDate('2006-01-08');)17:39:41Bet*Sam Houston (javascript: byTrack('Sam Houston');)7Superfecta (javascript: byPool('Superfecta');)$0.105+9/1+2+3+4+5+6+9/1+2+3+4+5+6+7+9+11+12/1+2+3+4+5+6+7+9+11+12$67.20$121.762006-01-08 (javascript: byDate('2006-01-08');)17:40:17Bet*Sam Houston (javascript: byTrack('Sam Houston');)7Superfecta (javascript: byPool('Superfecta');)$0.101+2+3+4+5+6+9/5+9/1+2+3+4+5+6+7+9+11+12/1+2+3+4+5+6+7+9+11+12$67.20$121.762006-01-08 (javascript: byDate('2006-01-08');)18:24:55Bet*Sam Houston (javascript: byTrack('Sam Houston');)9Superfecta (javascript: byPool('Superfecta');)$0.105/1+2+4+7+10+11/1+2+4+7+10+11/1+2+3+4+6+7+8+9+10+11$24.00$27.202006-01-08 (javascript: byDate('2006-01-08');)18:25:07Bet*Sam Houston (javascript: byTrack('Sam Houston');)9Superfecta (javascript: byPool('Superfecta');)$0.105/1+2+4+7+10+11/1+2+3+4+6+7+8+9+10+11/1+2+3+4+6+7+8+9+10+11$43.20$27.202006-01-08 (javascript: byDate('2006-01-08');)18:25:19Bet*Sam Houston (javascript: byTrack('Sam Houston');)9Superfecta (javascript: byPool('Superfecta');)$0.105/1+2+3+4+6+7+8+9+10+11/1+2+4+7+10+11/1+2+3+4+6+7+8+9+10+11$43.20$27.202006-01-08 (javascript: byDate('2006-01-08');)18:55:23Bet*Sam Houston (javascript: byTrack('Sam Houston');)10Superfecta (javascript: byPool('Superfecta');)$0.102+5+7+11/1+2+4+5+6+7+8+10+11+12/1+2+4+5+6+7+8+10+11+12/1+2+4+5+6+7+8+10+11+12$201.60

[Figman]

Question - what pool will be larger? - the Grand Slam at NYRA or the quarter Pick-6 at Beulah? :lol:

A Pick-6 at a track with low class inconsistent claiming horses and inept riders is a dumb idea. Although I don't watch these riders on a regular basis, all I need to know is that the leading rider at Massachusetts' Northampton Fair being a leading rider at Beulah Park doesn't bode well for the talent present at this Ohio racetrack.

And if I had a perfect winning ticket, I surely wouldn't ever want to be compensated with only 40% of the pool! :ThmbDown: :ThmbDown: :ThmbDown: A perfect ticket always should be rewarded with 100% of the net pool.

Pick Six pools only work at major tracks in California and at NYRA. Forget the others.

[rrpic6]

Beulah's handle today was just over a million. Only 61K was on track. Someone must like to bet on inconsistent horses with bad jockeys. R.I.P. Josh R. A bright star that burned out way too fast.

[rrpic6]

Wager Types:Superfecta

# of BetsWin %$1 ROIWageredPayoffProfit/Loss33931.27%+0.22$13745.10$16821.59$+3076.49

[Turntime]

As I see it any tickets that are not designed to hit the jackpot are a waste of money since you will be effectively betting into an exhorbitant take of 69% (60% on top of 22.5%). Wagering into such a large negative expectation in the hopes of hitting the lottery is not my cup of tea. Anyway, it will be interesting to see how this plays out in the real world. If there's an optimal strategy I can't see it, at least from a mathematical point of view.

[Indulto]

rrpic6,
Thanks for sharing.

Turn,
Good point about the 60%. I agree we’ll have to see how this works out. Frank S. just dropped a $10 charge at GP. You’d think the Beulah guys would be at least as flexible although they’d have to get permission for any changes:

http://www.beulahpark.com/racing_office/fortune6.htm (http://www.beulahpark.com/racing_office/fortune6.htm)

“Any changes to the approved Fortune Pick 6 format require prior approval from the commission.”

[Bruddah]

These small exotic bets are the same as playing 5 cent slots in a casino. The casino has them to get every nickel out of you they can. They are making the same percentage of profit (usually more) on the small player, as they are on the whales. The money takien in by casinos, on nickel slots everyday, pay their electric bill. The electric bill for a casino isn't chump change, either.

[rrpic6]

As I see it any tickets that are not designed to hit the jackpot are a waste of money since you will be effectively betting into an exhorbitant take of 69% (60% on top of 22.5%). Wagering into such a large negative expectation in the hopes of hitting the lottery is not my cup of tea. Anyway, it will be interesting to see how this plays out in the real world. If there's an optimal strategy I can't see it, at least from a mathematical point of view.

I guess you've never played Twin-Tri's or Tri-Supers do to the huge takeouts. Those bets have run their course in T-Breds (Dog Tracks still have some). Penn National and Thisledown used to have some huge carryovers that lasted for weeks. It was annoying to just want to play the 1st half of the TT because of big fields of cheapies, only to hit and have 50% taken out of your pool. It looks like Beulah will be flexible with their rules, as "the Commission" can change them in mid-stream. The only rule that I glanced at that I don;t agree with is that a Carryover can be held over from meet to meet. The must give-away days for TT and Tri-Supers were frenzied, but ripe for scams. Anyone remember Mike Rowland jumping off a 3-5 horse with a 10 length lead in second half of a must give-away Twin-Tri at T-Down?

[Figman]

Only $7,900 in the initial pool on Saturday.
The superfecta pool alone in the final race was three times as much!

[rrpic6]

No one had the lone ticket. Best was 5 of 6. The pool is guaranteed to be 50K, so in reality, there was no takeout today...or tomorrow....or for the person that might be able to get the lone ticket before the real pool money gets to 50k.

[Figman]

Beu Sat. $1 Pick 6 $2,003.60 8-9-6-5-1-4 (5 Correct) (Carryover: $50000) Pool total-$7,907

Beu Mon. $1 Pick 6 $939.20 4-10-10-4-2-12 (5 Correct)Pool total-$11,363

Beu Tues. $1 Pick 6 $3,585.20 7-1-3-2-3-6 (6 Correct)Pool total-$11,565

On Tuesday, one pick six bettor hit all six winners.
What happened to the Saturday first day $50,000 seeding from the management??

[Ron]

They were probably only guaranteeing it for Saturday.

[Turntime]

From Beulah Park's website:

Fortune 6 Details, $50,000
January 16, 2006

Tuesday’s Fortune 6 carryover stands at $50,000, sponsored by WinTicket.com. There was not a unique 25-cent Pick 6 winner, a 6 of 6 ticket paid $896.30.

[toetoe]

Is it possible these fools require a naked, straight $.25 ticket, meaning you'd have to punch all your tickets singly? I know it's not worth any more attention. :confused: :bang: :confused:

[Turntime]

From the Beulah Park website:

(C) Unique wager, as used in this rule, shall be defined as having occurred when the total amount wagered on a winning combination selecting the first place finisher in each of the selected Fortune Pick 6 contests, based upon the official order of finish, is equal to the minimum allowable wager.


Therefore it must be a single .25 ticket. Of course it doesn't matter whether it was a "naked" ticket or part of a multi combination ticket as long as it's the only winning .25 combination. So, according to the rules, if you bet a $1 ticket on the winning combination and nobody else hit it you would NOT be eligible to collect the carryover jackpot.

[Indulto]

http://www.drf.com/results/18/rBEU18.html?rn=338434#9 (http://www.drf.com/results/18/rBEU18.html?rn=338434#9)


“$1 Pick 6 (4-1-6-8-7-5) 6 Correct Paid $200,000.00 Pick 6 Pool $12,853”


I love the way the $50K guarantee on a 25c ticket is expressed as a $200k payoff. Do you think Winticket got its money’s worth?

[toetoe]

Actually, their rule is very stupidly worded and, not that we need more litigation in our sport, the poor schmuck that hit the lottery without getting paid much should have a case against those freaks. It says, "the total wagered on that combination," and all those looking parts of the ticket are not on that very combination. Jeez, these guys couldn't manage a numbers racket on the corner. They don't have the brains or the integrity. :ThmbDown: Think of the crowd they're trying to attract. All the dummies I see buying lottery tickets at 7-11 are buying several at a time. How many will it take, one per ticket, to swell the pools? :rolleyes:

[toetoe]

Okay, I think I see. Someone posted "a winning ticket." I guess that means "every winning ticket," and several people hit it?

[rrpic6]

Okay, I think I see. Someone posted "a winning ticket." I guess that means "every winning ticket," and several people hit it?

C,mon now, use your head ToeToe. Only ONE person hit the Pic6 today. That is the whole idea behind the new wager. $200,000 for a $1 = $50,000 for $.25. Great payoff for a pool that only had about $12K in it. Congrats to the player that grabbed the jackpot.:cool: A big Bronx cheer for all on here badmouthing instead of trying to get that solo ticket.:p Winticket just might pull the plug on this soon if they can't get $50K in the pool from bettors instead of putting it there for free.

[Turntime]

Indulto,I agree it's silly to post a payoff that exceeds the total pool. That's a nice payoff for 1 lucky customer since the 25 cent parlay comes to around $2168. Had there been just one more winning 25 cent ticket they would have collected $1992 each, quite a difference. I wonder if they will repeat the $50,000 guarantee?

[toetoe]

Okay rr,
I FINALLY get it!!! :jump: I misread the $896.30 as a unique payoff, the "no unique ticket" one line above notwithstanding. Sacramento Harness have a $20,000 guar. pick-4, and Los Al have a $75,000(!) guar. pick-4.
I'm trying to use my head for other than this >>>>> :bang: :D

[Ron]

Why would they express the payout as a $1 bet, but the pool is based on a quarter?

[Steve 'StatMan']

Why would they express the payout as a $1 bet, but the pool is based on a quarter?

It has to do with how either the Parimutel Industry or Equibase's reporting system works. Similar things happen with 10 cent Superfecta payoffs. They're normally expressed as either $1 or $2 payoffs, both on the screens at the track and in the results charts. Even when there is under $1 bet on a winning combination.

[Figman]

Beulah Park, which guaranteed a $50,000 pool for the initial Fortune Pick Six, had to put up approximately $27,000 of its own money to pay Wednesday's winning ticket.

The lone winning ticket Wednesday was purchased through the Lewiston, Maine, hub, which accepts bets from many offshore rebate shops.

Beulah will no longer guarantee $50,000 when the wager resumes Friday.

[toetoe]

How about $25,000? I know it makes too much sense, but there it is.

[Ron]

So pretty much it is no longer a "Fortune" pick 6.

[Figman]

Fading Fast!
Saturday's Beulah Park's Fortune Pick Six total handle slightly over $1,800.00.
Wager Type Payoff Winning Numbers Pool
$2 Pick 3 $157.40 2-2/9-2/4 (3 Correct) $2,031
$2 Pick 4 $1,349.40 2-2-2/9-2/4 (4 Correct) $2,612
$1 Pick 6 $2,263.60 9-3-2-2-2-4 (5 Correct) $1,825
$2 Daily Double $15.60 2-4 $4,116
$2 Exacta $32.40 4-11 $49,040
$2 Superfecta $1,277.40 4-11-5-8 $21,198
$2 Trifecta $145.00 4-11-5 $38,898

[Indulto]

With 20-20 hindsight, Beaulah/Winticket should have gone with 4 consectutive $12,500 guaranteed pools, especially since they would have shown the $1 payoff for the lone 25c ticket as $50,000.:ThmbDown:

Now that Buelah has attracted some attention with their 25c minimum, can they convert to a standard P6 format and compete with So Cal and NYRA? By retaining the whale repellant of only paying the guarantee (which should be at least $10,000) when a single 25c ticket hits, but now -- paying full shares to winners with 6 of 6 (5 of 6 when no-one has all 6) -- and always carrying over the 5 of 6/4 of 6) pool equivalent, it might just work.

[JulieKrone]

Quote:
Originally Posted by Ron
Why would they express the payout as a $1 bet, but the pool is based on a quarter?
It has to do with how either the Parimutel Industry or Equibase's reporting system works. Similar things happen with 10 cent Superfecta payoffs. They're normally expressed as either $1 or $2 payoffs, both on the screens at the track and in the results charts. Even when there is under $1 bet on a winning combination.
And also makes sense marketing-wise. If I was them, I would quote a $2 payoff equivalent. How many folks just give a cursory glance / didn't hear the news, and think, "What paltry $2 payoffs most of the time, you'll never catch me betting that!"

[Figman]

Going......going........?
On Monday there was $2.3 million wagered on the Beulah Park races.
The "fortune" pick six attracted $2,040.00.
No, that was not the payoff, that was the entire pick six pool.
Time to pull the plug on this turkey.

[Indulto]

Going......going........?
On Monday there was $2.3 million wagered on the Beulah Park races.
The "fortune" pick six attracted $2,040.00.
No, that was not the payoff, that was the entire pick six pool.
Time to pull the plug on this turkey.FM,
They heard the gobbling in Maryland and apparently liked it.

25-cent pick six at Pimlico By MATT HEGARTY
http://www.drf.com/news/article/73357.html (http://www.drf.com/news/article/73357.html)

“Pimlico Racecourse will offer a 25-cent pick-six wager with a $5,000 guaranteed payout beginning with the opening of its meet on April 20, an official of the company that owns the track said Wednesday.

. . . The Maryland pick six will have a 25 percent takeout, and bettors will be required to bet at least $1. If no ticket includes all six winners, 25 percent of the pool will be paid out to the ticketholders with five winners, and 50 percent of the pool will carry over to the next race card.”

[rrpic6]

With Pimlico's mammoth 5 and 6 horse fields, you could wheel every horse in every race for less than $700. There will never be a carryover, unlike Beulah's. Andy Beyer will have a field day writing about this move.

[Indulto]

Maryland takes steps toward 25-cent Pick 6 by John Scheinman
http://www.thoroughbredtimes.com/todaysnews/newsview.asp?recno=63164&subsec=1

The new wager will open with a daily $5,000 guarantee and a 25% takeout. The Maryland Jockey Club offers a daily $1 Pick 4 bet with no guarantee and a 14% takeout, one of the lowest on any racing wager in the country. Asked if the new Pick 6 could cannibalize the pools of the Pick 4, Raffetto said, "It might. We're going to see."