Quote:
Originally Posted by Poindexter
The higher the betting denomination the less likely the casual player just happens to have a winning price horse. When you are talking 50 cent pick 3 and a 12-1 wins, a player that spreads a lot likely hits the horse even if he did not like it very much. You are not rewarded for keying in some fashion that 12-1. But at a $3 betting denomination a small bettor going 5x6x7 over 3 races is going to have to come up with $630 (vs $105 on a 50 cent pick 3). The typical player is not going to outlay that kind of money and will miss a lot of these price horses they are currently connecting on. Thus the reason many horse players say they cannot get scores anymore in this game. If I recall correctly, I think when the pick 3 was introduced, it was a $3 minimum. This is a nice little step in the right direction. Bottom line is you get more value out of your value horses as the $ minimum goes up. Smaller players tend to focus more on the obvious(top 3 favorites, obvious singles......) out of necessity(to keep their play within budget).
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Very Sharp post.
It goes both ways, but it will add some 'value' to the pools.
Doesn't mean it will give us a bunch of free overlays, as big-money will be hedging appropriately.
However, we should get a fair price. It's also possible that we have a contrarian opinion that would pay out as an overlay.
