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-   -   Ritvo brings back parlays at Santa Anita but they're a little different than before. (http://www.paceadvantage.com/forum/showthread.php?t=143123)

Andy Asaro 02-02-2018 09:59 AM

Ritvo brings back parlays at Santa Anita but they're a little different than before.
 


You weren't able to bet this type of parlay when they last had them in 2007. Hope they put a round robin function as well and offer them on XpressBet.

Andy Asaro 02-02-2018 10:18 AM

6 bets for $5 ??

GMB@BP 02-02-2018 10:52 AM

Interesting, so you can mix and match different kinds of wagers, I dont remember that option at all before...can you skip sequences say a horse in the 1st and a horse in the 8th?

camourous 02-02-2018 11:13 AM

Quote:

Originally Posted by Andy Asaro (Post 2270744)
https://twitter.com/Quigleys_Corner/...63288842981376


You weren't able to bet this type of parlay when they last had them in 2007. Hope they put a round robin function as well and offer them on XpressBet.


So does this mean you have $5 to show on the 1st horse, if he comes in and pays $2.10, you then have $5.25, does it split the $5.25 3 ways to bet the next horse to WPS? say that one runs 3rd at 2.10, you would have $1.83. Would you then have $.91 to show on both horses in the last leg?

Andy Asaro 02-02-2018 12:10 PM

Quote:

Originally Posted by camourous (Post 2270778)
So does this mean you have $5 to show on the 1st horse, if he comes in and pays $2.10, you then have $5.25, does it split the $5.25 3 ways to bet the next horse to WPS? say that one runs 3rd at 2.10, you would have $1.83. Would you then have $.91 to show on both horses in the last leg?

I'm thinking yes.

Andy Asaro 02-02-2018 12:11 PM

Quote:

Originally Posted by GMB@BP (Post 2270770)
Interesting, so you can mix and match different kinds of wagers, I dont remember that option at all before...can you skip sequences say a horse in the 1st and a horse in the 8th?

You should be able to do that.

Cholly 02-02-2018 12:15 PM

Quote:

Originally Posted by camourous (Post 2270778)
So does this mean you have $5 to show on the 1st horse, if he comes in and pays $2.10, you then have $5.25, does it split the $5.25 3 ways to bet the next horse to WPS? say that one runs 3rd at 2.10, you would have $1.83. Would you then have $.91 to show on both horses in the last leg?

Everybody who plays gets a trophy!

Denny 02-02-2018 01:17 PM

GREAT.

You get hammered with takeout and breakage on each bet.

Or not?

AltonKelsey 02-02-2018 01:35 PM

Quote:

Originally Posted by Denny (Post 2270840)
GREAT.

You get hammered with takeout and breakage on each bet.

Or not?


Uh, if this bet excites anyone , they're not too bright.

Poindexter 02-02-2018 01:54 PM

Quote:

Originally Posted by Denny (Post 2270840)
GREAT.

You get hammered with takeout and breakage on each bet.

Or not?

A press release explaining might be nice, so everybody is clear. As of now the only thing I am seeing on google is a tiny blurp from drf and this thread. I assume that this is the fractional betting Ritvo mentioned when he first took over Santa Anita. I am also assuming that the takeout is the same on a .91 cent show bet as it is on a $2.00 show bet. So if a horse pays $2.80 to show, the payoff would be $2.80*(.91/2.00) or $1.274 or $1.27, maybe you lose that extra 4 tenths of a penny, maybe not.

Assuming this is what is happening, it is sort of a nice feature for the small player who is priced out of the pick 4's and pick 5's. Also let's small players/novices focus on the horses they really like rather than dealing with maiden races with 10 first times starters etc. As mentined above by Andy, the round robin feature is a mustl Even if they don't offer the round robin feature, you can eaily do it your self.

eg 4 horse round robin need to hit 2 of 4

parlay 1-2, 1-3, 1-4, 2-3, 2-4, 3-4. 6 parlays total. If you hit 2 legs you hit 1 of 6 parlays, if you hit 3 legs you hit 3 of 6 parlays and if you nail all 4 legs of course you win all 6 parlays.

You can do this anyway you want 2 of 4, 2 of 5, 3 of 5, 3 of 6........Its a fun way of betting, but a lot of work to implement. With parlays it is a piece of cake.

Perhaps I am not to bright, but I like it. If it is proplerly promoted and explained it should drive up handle. Of course if I am wrong about my assumption above, I might have a different viewpoint.

jimmac 02-02-2018 02:10 PM

Parlays
 
in GB you have been able to do this for years.
Accumalator = 4 horses
using horses in different races and and different race track
Eg:
GP - race 2 - #1
Aqu - race 8 - # 2
Tampa - race 6 - # 5
FG - race 9 - #12

Bets would look like this
6 - Doubles - 1&2/1&5/1&12// 2&5/2&12// 5&12
4 - trebles - 1-2-5// 1-2-12// 1-5-12//2-5-12
1 accumalator - 1-2-5-12

cost 11 units

cj 02-02-2018 02:39 PM

Quote:

Originally Posted by Denny (Post 2270840)
GREAT.

You get hammered with takeout and breakage on each bet.

Or not?

Yeah, it is not really a good bet at all if it is using the straight pool takeouts, and really how else could it be done? The only advantage is that you get to pick the race to parlay. But from a takeout perspective, it is dreadful. Lets look at a simple P3 in SoCal. Win takeout is 15.43, P3 takeout is 23.68. Lets assume each winner had 20% of a 50,000 pool bet on it in each leg. These are the mythical payoffs:

Pick 3: $190.80
Parlay: $148.00

That is quite a premium to pay for picking you own races.

No thanks.

olddaddy 02-02-2018 02:54 PM

Maybe Im missing something but why cant you just parlay on your own.

Poindexter 02-02-2018 03:09 PM

Quote:

Originally Posted by cj (Post 2270899)
Yeah, it is not really a good bet at all if it is using the straight pool takeouts, and really how else could it be done? The only advantage is that you get to pick the race to parlay. But from a takeout perspective, it is dreadful. Lets look at a simple P3 in SoCal. Win takeout is 15.43, P3 takeout is 23.68. Lets assume each winner had 20% of a 50,000 pool bet on it in each leg. These are the mythical payoffs:

Pick 3: $190.80
Parlay: $148.00

That is quite a premium to pay for picking you own races.

No thanks.

You can use that same logic to never make a win bet again. But if you can find 3 horses on a card that you are fairly certain will offer good value I think you will do better keying them together in a parlay/round robin than you will keying them separately with other horses in pick 3's.

Also I assume that rebates will be given on the accumulated bets, so if you hit a nice 4 horse accumalator (as they in GB), you are going to have nice accumulation of rebates on top of your really hefty accumulation of profits.

cj 02-02-2018 03:11 PM

Quote:

Originally Posted by olddaddy (Post 2270914)
Maybe Im missing something but why cant you just parlay on your own.

Well you can but you can't do the odd amounts and such, but you'd also have the option to cash out if you wanted at any time.


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