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Old 07-31-2014, 07:54 PM   #1
Dark Horse
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Isn't it time for tote board to move into digital age?

Example. Why would odds jump from 5/2 to 2/1, as they do on the present tote board, when a digital approach could show anything in between?

If the board would show 5/2 as 250 and 2/1 as 200 look at all those beautiful options in between, that miraculously show up, all of which are listed at 2/1 in the stone age approach: 240 - 230 - 220 - 210.

How hard could it be?
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Old 07-31-2014, 07:58 PM   #2
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Why dont they just show how much its going to pay based upon a 2 dollar base wager? Explaining odds and breakage to first timers is an immediate trip to the slot parlor vs the racetrack
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Old 07-31-2014, 08:03 PM   #3
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Quote:
Originally Posted by tanner12oz
Why dont they just show how much its going to pay based upon a 2 dollar base wager? Explaining odds and breakage to first timers is an immediate trip to the slot parlor vs the racetrack
The tote board, more or less, does show that. 2/1 is 200 for every 100 wagered. But they want to make the lucky holders of the winning tickets feel extra lucky by showing that as 600 instead, so that they won't believe their good fortune and bet again on the next race. Just silly psychology that doesn't belong in the present age either. Keep it real. (minus 2, divided by 2, brings it back to real payout).
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Old 07-31-2014, 08:12 PM   #4
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Be careful what you wish for

Any such upgrades cost $$$.
Tracks would probably fund something like that with a rise in takeout.
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Old 07-31-2014, 08:18 PM   #5
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Roosevelt Raceway in Long Island had a tote that displayed exact odds, so it has been done.
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Old 07-31-2014, 08:24 PM   #6
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They are waiting for Wrigley Field to move it's scoreboard into the digital age first.
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Old 07-31-2014, 08:27 PM   #7
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Quote:
Originally Posted by Dark Horse
The tote board, more or less, does show that. 2/1 is 200 for every 100 wagered. But they want to make the lucky holders of the winning tickets feel extra lucky by showing that as 600 instead, so that they won't believe their good fortune and bet again on the next race. Just silly psychology that doesn't belong in the present age either. Keep it real. (minus 2, divided by 2, brings it back to real payout).
but how often does a 100 bet at 2/1 return 200 even? There's no reason in this day and age we can't have prices to the penny or God forbid at least posted with breakage factored it...stock market deals with fractions of pennies and we deal in .10-.20 increments...seriously its a joke
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Old 07-31-2014, 08:40 PM   #8
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That's what we do in our software: show decimal odds. Of course, there is still the round-down issue, but at least you can see where the tote really is.
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Old 07-31-2014, 08:48 PM   #9
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We had a machine that would show the gaps in pricing based upon all outcomes at my now shuttered local otb...so you'd have show payouts ranging from 2.10 -4.00 or whatever based upon various outcomes...it was a really valuable tool. Twinspires shows the percentages of the pools but actual payouts need to be calculated.
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Old 07-31-2014, 08:52 PM   #10
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Quote:
Originally Posted by Stillriledup
Roosevelt Raceway in Long Island had a tote that displayed exact odds, so it has been done.
As I recall they also approximated place returns.
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Old 07-31-2014, 10:03 PM   #11
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Quote:
Originally Posted by tanner12oz
Why dont they just show how much its going to pay based upon a 2 dollar base wager? Explaining odds and breakage to first timers is an immediate trip to the slot parlor vs the racetrack
Balmoral does this. It actually looks like the payout is more when you see the posted dollar payouts. My friends like to see e.g. $16.80 instead of 7-1. No reason all tracks can't do it. But for me, I like the odds listed since I am so used to it after many years.
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Old 07-31-2014, 10:13 PM   #12
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That would benefit the customers.
Why would racing want to do that?
That would be a slipper slope.

Rule of thumb, when the technology becomes available, racing will grab it up within 50 years.

Give racing a break - timing of races is still way beyond it's reach.
Now you want digital?????
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Old 08-01-2014, 01:07 AM   #13
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Originally Posted by horses4courses
Any such upgrades cost $$$.
Tracks would probably fund something like that with a rise in takeout.
Track would get more action if players knew they were getting +240 instead of 2/1.
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Old 08-01-2014, 01:26 AM   #14
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you are putting the cart before the horse.....the last thing i want too see is betting a horse at 3.25 to 1 and then having him go to 8.56 to 5 leaving the far turn.
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Old 08-01-2014, 01:59 AM   #15
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Originally Posted by appistappis
you are putting the cart before the horse.....the last thing i want too see is betting a horse at 3.25 to 1 and then having him go to 8.56 to 5 leaving the far turn.
The old model is based on the use of fractions. I'd like to get away from it to improve clarity. Your example would look like this:
+325 (3.25/1) and +171 (8.56/5). If you know at what price you have an overlay this is far easier.

Changing odds during the race are not addressed with this. It wouldn't be too hard to add some programming to lock in odds, but with odds changing as fast as they do you may not always get what you want. That still would be better than finding out your horse dropped 25% in value after the race started. For one thing, honest players would no longer be negatively affected by the (corrupt) late cancellations of wagers.
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