Quote:
Originally Posted by AndyC
Beyer stands up for fairness not a small class of P-6 bettors. There is nothing fair about the Rainbow 6. The fact that you can get in for $.20 a way doesn't make it a good bet for anybody. People who make money on any bet is a low percentage, so I guess commenting about any bet would be a selfish act on his part.
|
If a racetrack offers a bet that has too high an effective takeout, DON'T BET IT. They offer show bets. Do you bet them? The takeout includes triple the breakage, which usually puts it well over 25 percent.
Nowhere is it written that racetracks, or any form of gambling enterprise, are required to offer bets that any particular player can make money on. Most players are losing players. 96 percent or more, really. If they have fun playing the pick 6 for 20 cents with the possibility of making 300 grand, that's worth something even if the tiny percentage of players who actually can make money at the track can't bet it to their advantage.
The casinos, state lotteries, football books, and yes, racetracks, are filled with bets that people can never beat long term. They are all crack to the compulsive gambler, but so are the bets that a small number of people can bet long term. None of it is outrageous.
If Andy Beyer and a few pick 6 players can't make a profit, well, get me the world's smallest violin. They can go find some other bet to play where maybe they can make a profit. Horse racing never promised them a rose garden.
ANY track's marketing strategy will be a combination of bets offered to attract serious players (such as the 14 percent takeout player's pick 5 we have in California) and other bets offered to attract casual bettors (show pools, the rainbow 6). And there is seriously nothing wrong with that whatsoever.
