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07-31-2018, 03:57 PM
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#1
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Registered User
Join Date: Dec 2013
Posts: 265
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Small contest question
The OTB I work at is going to do a small handicapping contest. Night racing so it will be Los Al. Eight races, mythical $2 WP. I have a couple of questions:
- If we determine the winner by total mutual payout, what would you set the limit for on payouts? $40 win and $20 place?
- If we have a tie at the end of the night, what would be a good tie-breaker?
It's is going to be a $10 entry fee plus $500 added, we figure we will get maybe 20 entries. Please let me know of any pitfalls you can see with this. Thanks.
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07-31-2018, 05:38 PM
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#2
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Registered User
Join Date: Feb 2003
Location: Dark Side of the Moon
Posts: 5,870
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Quote:
Originally Posted by chiguy
The OTB I work at is going to do a small handicapping contest. Night racing so it will be Los Al. Eight races, mythical $2 WP. I have a couple of questions:
- If we determine the winner by total mutual payout, what would you set the limit for on payouts? $40 win and $20 place?
- If we have a tie at the end of the night, what would be a good tie-breaker?
It's is going to be a $10 entry fee plus $500 added, we figure we will get maybe 20 entries. Please let me know of any pitfalls you can see with this. Thanks.
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That is typical in the limits, its usually 20/1 and 10/1 so add the extra $2 of the bet for $42 and $62, if you want to be typical.
Most winners picked is usually the the first tiebreaker.
Now ties happen more frequently with very small contests, could be a situation where first and second just split.
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07-31-2018, 06:01 PM
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#3
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Registered User
Join Date: Dec 2013
Posts: 265
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Thanks! We were going to pay down to 3rd. $500/$150/$50 The idea is to keep the players there playing.
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07-31-2018, 06:09 PM
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#4
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Registered User
Join Date: Feb 2003
Location: Dark Side of the Moon
Posts: 5,870
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Quote:
Originally Posted by chiguy
Thanks! We were going to pay down to 3rd. $500/$150/$50 The idea is to keep the players there playing.
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shoot, I meant $22 for place and $62 for win....damn, too many numbers in my head.
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07-31-2018, 06:24 PM
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#5
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Registered User
Join Date: May 2007
Posts: 4,284
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Quote:
Originally Posted by chiguy
Thanks! We were going to pay down to 3rd. $500/$150/$50 The idea is to keep the players there playing.
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I think you're on the right track.
On behalf of the players thanks for adding the $500
__________________
"Just because she's a hitter and a thief doesn't mean she's not a good woman in all the other places" Mayrose Prizzi
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08-01-2018, 11:11 AM
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#6
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Registered User
Join Date: Dec 2013
Posts: 265
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Thanks for the replies!
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08-01-2018, 11:15 AM
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#7
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Registered User
Join Date: Oct 2010
Location: Home
Posts: 342
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The added $500 is very generous if you're expecting 20 players at a $10 fee.
It should be very popular.
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08-01-2018, 02:13 PM
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#8
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Registered User
Join Date: Jan 2006
Posts: 28,563
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Quote:
Originally Posted by chiguy
The OTB I work at is going to do a small handicapping contest. Night racing so it will be Los Al. Eight races, mythical $2 WP. I have a couple of questions:
- If we determine the winner by total mutual payout, what would you set the limit for on payouts? $40 win and $20 place?
- If we have a tie at the end of the night, what would be a good tie-breaker?
It's is going to be a $10 entry fee plus $500 added, we figure we will get maybe 20 entries. Please let me know of any pitfalls you can see with this. Thanks.
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Is this in the Chicago-area? If so...I might make the trip.
__________________
"Theory is knowledge that doesn't work. Practice is when everything works and you don't know why."
-- Hermann Hesse
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08-01-2018, 10:04 PM
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#9
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Registered User
Join Date: Aug 2004
Location: R.I.
Posts: 135
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For a tie breaker, What will be the tri payoff in a specific race.
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08-02-2018, 04:52 PM
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#10
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Registered User
Join Date: Dec 2013
Posts: 265
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Not in the Chicago area, sorry. We are north county San Diego. We are going to advertise it for a few weeks ahead of time so I will let you all know when that starts.
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08-03-2018, 10:48 AM
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#11
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Registered User
Join Date: Jun 2007
Posts: 1,239
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Quote:
Originally Posted by GMB@BP
That is typical in the limits, its usually 20/1 and 10/1 so add the extra $2 of the bet for $42 and $62, if you want to be typical.
Most winners picked is usually the the first tiebreaker.
Now ties happen more frequently with very small contests, could be a situation where first and second just split.
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In $2 WP contests the cap usually mirrors the NHC which is $64 ($42 win, $22 place).
My experience in one-track contests (I am playing one tonight at the Red Mile on Del Mar races) is the total needed to win, on average is 2 - 2.5 x the bankroll. So if there are seven races you need to shoot for a total of $56 to $84 in mutuels.
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