Interesting idea for new wager....

[Track Phantom]

I noticed GP added a .10c pick 6 betting option in which it pays the whole pool only when 1 ticket hits. I really dont like the idea as I think it would be awfully frustrating to hit a pick 6 with a bomb or two, only to find out someone else hit it as well. I understand the effort to add a new wager but just dont like it.

In any event, are there any new possibilities for wagering on racing or have we exhausted everything? With exacta, tri, supers, hi-5's etc, I wonder if there is anything else left.

[Stillriledup]

Its extremely hard to be a solo winner in a 2 dollar pick 6, so its 20 times harder to be a sole winner with a dime bet.

[CincyHorseplayer]

I guess you could play 1000 combinations a day for $100 and just hope you are the lone ticket one day.;)

[MMM59]

Half in the bag, but I thought I'd take a stab at this. Wild card Pick-6, you can use a wild card to take all in any race, but if you win, you only get half the pot, and the rest carry's over or goes to a winner that didnt use a wild card. Maybe a starting point for some new bets.

[Vinman]

I'd focus on Gulfstream's 50 cent Pick 5 with the 15% takeout.

Meanwhile, forget about their dime "Rainbow 6" until closing day. If there's a large carryover then, take a shot. I don't see how one lone ticket will hit it during the meet.

Vinman

[Track Phantom]

Half in the bag, but I thought I'd take a stab at this. Wild card Pick-6, you can use a wild card to take all in any race, but if you win, you only get half the pot, and the rest carry's over or goes to a winner that didnt use a wild card. Maybe a starting point for some new bets.

Love the idea on the sole fact that it's outside the box. Makes it interesting.

Love the idea of adding some strategy to the bet.

[InTheRiver68]

It's worth noting that it still pays 6/6 even if there's more than one winner. It just doesn't pay the whole jackpot...I think it pays 40% of *that day's* 6/6 share, and the other 60% is carried over in the jackpot pool.

- InTheRiver68

[Bettowin]

It's worth noting that it still pays 6/6 even if there's more than one winner. It just doesn't pay the whole jackpot...I think it pays 40% of *that day's* 6/6 share, and the other 60% is carried over in the jackpot pool.

- InTheRiver68


That is very important. From reading the thread I was thinking that unless you had the only ticket you got nothing. Would suck to hit a bunch of pick sixes during a meet and get nothing.

[lamboguy]

this bet is great for the house and bad for the player. it is a "suckers bet"

[Track Phantom]

this bet is great for the house and bad for the player. it is a "suckers bet"

Very much so. It is playing on the wild hope that the player can hit a life changing score for a small price. However, I could only see myself being very frustrated if I hit a pick 6 with a couple of bombs.

I could see playing it for a small amount but wouldn't invest that much.

[Bruddah]

Very much so. It is playing on the wild hope that the player can hit a life changing score for a small price. However, I could only see myself being very frustrated if I hit a pick 6 with a couple of bombs.

I could see playing it for a small amount but wouldn't invest that much.

Same concept that Casino's use with small denomination slots. Clean the change out of the customers pockets. Don't let those nickels, dimes, quarters, etc. walk out of the Casino. It all adds up. Money they wouldn't get otherwise.

[Robert Fischer]

I'd like to see some new wager ideas.

PENNY PICK6!!! How about 1 day a week - a 1cent pick-6 :jump: ??? - allows smaller bankroll players to mathematically take a shot at a real pick 6

HANDICAPPER CONTEST!!! how about one day a week, a "handicapper contest" wager??= 10centMIn. = u pick winners for each race, best return(from win odds) is paid out according to this "handicappercontest" Pool (not the actual win prices) - self explanatory

DBLEXA!!! How'bout a double/exacta?? 1$Min = instead of a Double those 2 races u pick the exacta - least exciting of my list of genius ideas but hey... it's still awesome

PREMIUM EXACTA!!! Finally a $10min(ten dollar not cents!) once a week(or more often) for one of the races exacta(preferably a full field non-feature race) - opposite philosophy of the 1cent pick6 - in this case the high-minimum discourages sloppy boxing and rewards either and or handicappers and larger bettors.

[Kevroc]

DBLEXA!!! How'bout a double/exacta?? 1$Min = instead of a Double those 2 races u pick the exacta - least exciting of my list of genius ideas but hey... it's still awesome


This is a very good and enterprising idea, imo.

It mixes verticals with horizontals. Kind of like a twin trifecta but, less daunting and may have a bigger allure.

I'd propose doing this with two major stakes races on the same day, either inter-track or intra-track.


My prop is similar to a NFL survivor pool.. choose the winners but, cannot choose the same saddlecloth number twice!

$1 wager with carryovers and consolations. :)

In the event of a scratch, you get the 1 if not used on your ticket, then 2, 3, and so forth...

EDIT: maybe less than $1.. .50 or .25 perhaps...

Because the only way this hits is if a different number wins each race.. make this wager spread over 5 or 6 races.

Still working on the particulars but, you get the general idea.

[Robert Fischer]

My prop is similar to a NFL survivor pool.. choose the winners but, cannot choose the same saddlecloth number twice!

$1 wager with carryovers and consolations. :)

In the event of a scratch, you get the 1 if not used on your ticket, then 2, 3, and so forth...

EDIT: maybe less than $1.. .50 or .25 perhaps...

Because the only way this hits is if a different number wins each race.. make this wager spread over 5 or 6 races.

Still working on the particulars but, you get the general idea.

Great Idea

by requiring different saddlecloth numbers you subtly add to the carryover over opportunities. Neat

[speculus]

.... are there any new possibilities for wagering on racing or have we exhausted everything? With exacta, tri, supers, hi-5's etc, I wonder if there is anything else left.

Some years ago a race club in my country (India) started a new wager called SHP which stands for Second Horse Pool. This pool is paid out ONLY IF your horse places second in the race. You lose the money if it wins or places third or worse. This has now become a very popular wager because most people have got into the habit of supporting (in a way, hedging) their win choices by betting in this pool.

Interestingly, even a 2-5 fav often pays 3-1 or 4-1 in this pool.

At Bangalore (http://www.indiarace.com/html/BResult-Jan8.htm) who had taken the lead in introducing this wager, this pool swells up to over million rupees in every race.

[lamboguy]

i guess i am an old foggie, i hardly ever play the tricks because i have trouble picking one horse, never mind 6. i suppose all these different programs that helps one to make their selectons are smarter than i am. i have been doing this for 40 years now, maybe its time i step into the pepsi generation, but i don't like sugar!

[Kevroc]

Some years ago a race club in my country (India) started a new wager called SHP which stands for Second Horse Pool. This pool is paid out ONLY IF your horse places second in the race. You lose the money if it wins or places third or worse. This has now become a very popular wager because most people have got into the habit of supporting (in a way, hedging) their win choices by betting in this pool.


The problem I see here is that if a pool like this swelled to where it eclipsed the purse of races.. (quite easily).. you would have to question the integrity of the races. Jocks could and most likely would hold for second in certain spots.

N2L races would be the daily features! Seconditis horses would be crowd favorites! If they had this in NoCal, Russel Baze would be (70-6-35-9) LOL

[Robert Goren]

Instead of all these hair-brained schemes with new weird bets and strange amounts, they try cutting the takeout rate on the pools that people wager most of their money in like win, exacta, and superfectas. Now that would revolutionary and worth talking about.

[teddy]

You have to select the top 7 horses in running order. $10 wager. Pays out to most correct after each race... if you pick all 7 you get a real BEAR

[Track Phantom]

How about just a "dime-all". .10c wager in which you have to pick the winner of every race. Like a pick 6 except use all races on the card and reduce the bet to a dime.

[Rutgers]

DBLEXA!!! How'bout a double/exacta?? 1$Min = instead of a Double those 2 races u pick the exacta - least exciting of my list of genius ideas but hey... it's still awesome



This is probably the best idea that you list.

In most races, the exacta pool is the largest of all the pools. Therefore, the new wager has a good chance to become popular because a lot of players are comfortable making exacta wagers already, the only new thing is they have to do it two races in a row at the time of their wager just like the daily double. (and judging by the handle numbers at most tracks, it appears most exacta players are already playing multiple races.)

Another thing the Double Exacta would have going for it is the number of combinations. Assuming two 8 horse fields, the number of possible combination would be 3,136. This puts it between the superfecta (1,680 combos) and the Pick 4 (4,096 combos) assuming 8 horse fields. Since the Pick 4 is one of the fastest growing wagers, it is probably safe to assume the degree of difficulty and the anticipated possible payout (assuming a fair takeout rate and adequate pool size) would be to the liking of horseplayers. Of course, to help insure an adequate pool size the wager could only be offered once or twice on most race cards.

Another thing about the number of possible combinations is the wager can generate a fair amount of combinations from two small field sizes. The wager with two 6 horse fields would still have 900 combinations. A Pick 3 with the same three 6 horse fields would only have 216 combinations. Even if the third leg had 10 horses, the combinations would only be 360. More combinations usually mean more handle and lessens the impact of takeout on the knowledgeable horseplayer. The wager could be a big boost to any racing jurisdiction where they have a lot of 5 or 6 horse fields.

As for the minimum wager, I am usually in the smaller is better camp, so I would be more incline to a 50 cent minimum. But a track should base the minimum wager amount partially on what the expected pool size is in relation to the probability of the payouts. I figure based on a $1 minimum wager the pool size would need to be at least $40K to offer most minimum wager players a good shot at being able to receive fair value, assuming 8 horse fields. If a racing jurisdiction can’t reasonable expect a pool size this large, they would need to adjust the minimum to where they can expect a fair size pool. For example, a track may not be able to get $40K based on a $1 wager, but may be able to get $20K on a 50 cent wager, or $4K based on the a dime wager.

Now of course, from the racetrack prospective, they probably are not going to like the wager to much because they will feel the exacta players are going to decrease their exacts play as much as they increase their Exacta Double play.

On the other hand, the track will get back some the play from players who skip the one or both exactas in a sequence because the field size was too small, but will play the Double Exacta because it offers value while the two individual races offered none. Even if some money goes from one pool to the other, the track doesn’t lose anything, the money is still being bet. They really have nothing to lose. And the exacta pools are large enough at most tracks, even if some money goes to the new wagers, the exacta pools will still be relatively large.