Quote:
Originally Posted by cj
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.
|
The problem I have with so many of the comments regarding this wager is that the wager is treated as an either/or type of bet when it does not need to be. If someone likes a 15/1 in race 1 and a 15 /1 in race 7 and they walk into the racetrack and bet a $2 parlay, the "wager police" are not going to follow them around and make sure that they cannot bet any other wager.
One of the best handicappers I ever met was a dapper (he wore a suit and hat to the racetrack every day!) older gentleman named Mr. Rice who was a former professional baseball player with the Birmingham Black Barons. Every day, the very 1st thing he would do is make out a $2 parlay card of his 4 or 5 best plays (always ending with his last play to show). He would then proceed to make his other bets throughout the day. In his later years, I would drive him to and from the racetrack. I was amazed at how many times he would take his parlay wager up to the window after the last race of the day and cash out for hundreds of dollars.
It was an additional wager that he made every day for only $2!
It was not a wager that restricted him from making other wagers (multi-race or otherwise) throughout the day.
IMO, this can be a great wager if not viewed as a comparison versus other wagers. It more like an additional tool in the arsenal that can have a very low risk (in dollars) and that potentially has some high rewards especially if one is primarily focusing on their "price horses of the day"