Payoff Prices Survey

[Horseplayersbet.com]

How would you like to see all tracks report their payoff prices?

[BillW]

How about simply the odds so you don't have to worry about the size of the bet. With today's technology, I should be able to put "$27.39 to win on the 7" and not be limited to the denominations now offered. Why would I want to do this? One reason I can think of is that it is the end of the night and I have a voucher for $27.39 left in my pocket. If a little ole lady wants to bet a dime on the six - so be it. In addition, payouts should be noted to the penny (i.e. get rid of breakage!)

[Horseplayersbet.com]

How about simply the odds so you don't have to worry about the size of the bet. With today's technology, I should be able to put "$27.39 to win on the 7" and not be limited to the denominations now offered. Why would I want to do this? One reason I can think of is that it is the end of the night and I have a voucher for $27.39 left in my pocket. If a little ole lady wants to bet a dime on the six - so be it. In addition, payouts should be noted to the penny (i.e. get rid of breakage!)
That change might make sense, but it has absolutely no chance of flying in this lifetime.

Oh, and there is a debate about getting rid of pennies in Canada since they cost 2-4 cents to make and many people can't stand them anyway.

[BillW]

That change might make sense, but it has absolutely no chance of flying in this lifetime.

Oh, and there is a debate about getting rid of pennies in Canada since they cost 2-4 cents to make and many people can't stand them anyway.

Electronic pennies are quite a bit cheaper ;)

[andymays]

Whatever they do the industry should be consistent.

[Horseplayersbet.com]

Whatever they do the industry should be consistent.
I agree. I could live with any of the first four options, as long as every track practiced it.

[thaskalos]

Win, place and show...$2

All exotic payoffs...$1.

Not to get off the subject...but another thing that the tracks have to get together on, is the way they post the number of the race about to go off, as it relates to the "minutes to post".

[Horseplayersbet.com]

Win, place and show...$2

All exotic payoffs...$1.

Not to get off the subject...but another thing that the tracks have to get together on, is the way they post the number of the race about to go off, as it relates to the "minutes to post".
Because of 50 cent pick 5's or the Beulah pick 6, and the fact that some tracks have $2 minimum pick 6's, I think the $1 for all exotics can't fly.

[Stillriledup]

Why would some of you people vote for the 2 dollar payoffs? I don't get it. This isn't 1970 anymore.

[thaskalos]

Because of 50 cent pick 5's or the Beulah pick 6, and the fact that some tracks have $2 minimum pick 6's, I think the $1 for all exotics can't fly. Anything is better than what we got now. In 80% of the racetracks that I follow, in the probable pick-3 and pick-4 payoff listings, there is no indication of what the betting unit is.

How hard can it be to post whether it's a $1 or $2 payoff?

[Horseplayersbet.com]

Anything is better than what we got now. In 80% of the racetracks that I follow, in the probable pick-3 and pick-4 payoff listings, there is no indication of what the betting unit is.

How hard can it be to post whether it's a $1 or $2 payoff?
It is crazy the way it is now. There is no way someone should have to research a payoff in today's day and age.

I really think the way this needs to be approached is that payoffs are set to the minimum wager.

Where is HANA when you need them :p

[lamboguy]

you guys are always complaining about takeout, why not focus on breakage that when a horse is supposed to pay $4.19 and they revert it back to $4.00. the simulcast and adw's keep their breakage. breakage adds up to alot of money at the end of the year. to the player.

[thaskalos]

you guys are always complaining about takeout, why not focus on breakage that when a horse is supposed to pay $4.19 and they revert it back to $4.00. the simulcast and adw's keep their breakage. breakage adds up to alot of money at the end of the year. to the player. What difference does it make whether the player complains about the takeout and breakage or not? The players have been complaining about those things for decades and nothing has ever been done.

The only reason some racetracks are reducing the takeout now is because they are getting desperate. Nothing short of an outright boycott can ever bring about the changes that the horseplayers want.

[Track Collector]

How hard can it be to post whether it's a $1 or $2 payoff?

Obviously not hard at all.

Management and those who run businesses do some very dumb things when they do not know what it is like to be a customer of the product they are selling.

[Fingal]

Why would some of you people vote for the 2 dollar payoffs? I don't get it. This isn't 1970 anymore.

The other Sunday on his radio show out in S Cal Mike Willman was giving props to Bob Ike & said he hit the late P4 for $451. HUH ? That's was news to me since our group hit it & it only paid $225.50. Then I realized he was using a $ 2 payoff, except it's a dollar minimum bet.

TVG stung me once by showing $2 exacta probables instead of $1. What I thought I was getting was nice until I checked the account.

If tracks use a dollar minimum for a particular bet, show it that way. Stop taking the attitude that no one bets dollars. Show it the way it is, not the way you think it should be.

[Horseplayersbet.com]

Here is the biggest problem in solving this. As you can see by the poll results, there is no unanimous choice. Personally, I think if you think it out, the only result that makes complete sense is the minimum wager the track uses for each specific bet. Every other option has issues or has some subjectivity attached to it.

So if the industry went ahead and made this a priority, which option do they pick? Will horseplayers still complain?

And then there is cost. I'm pretty sure that it can't be costly for individual tracks to pay a programmer to get onside, but still there is a cost.

As for the option picked, I think that any of these four options will lead to customer satisfaction within weeks. Anything is better than the way it is right now.

As for cost, that is a tricky thing. Will fixing this problem lead to more betting? Will it prevent anyone thinking of quitting from quitting? I don't have the answer to this one. In other words, if it was your business would you spend even a few hundred dollars or so on something that leads to no improvement on the bottom line?

Personally I would, because customer satisfaction is important for Goodwill. But tracks on tight budgets may feel differently, and it isn't like the horse racing industry is into Goodwill, or so it seems.

[takeout]

I voted for whatever the minimum bet is. That would keep tracks from lying about the payoffs and how much was actually in the pools. A very sleazy practice that some tracks seem to be fine with. IMO, that puts them right up there on the integrity scale with touts that cold call you at home.