2019 Pegasus Cup to feature a Pick 24

[AlsoEligible]

https://www.paulickreport.com/news/t...sus-world-cup/

The Stronach Group will also introduce a new wager, the Pegasus Pick 24. The Pegasus Pick 24 will offer up the chance to bet on the exact finish order for both the Pegasus World Cup Invitational and the Pegasus World Cup Turf Invitational, adding another layer to the race-day excitement. A whopping $5 million bonus awaits the lucky fan who hits on the Pegasus Pick 24.

Working in racing for the past decade, I've heard a lot of terrible, half-baked ideas. This one might take the cake.

Can't wait to be standing in line, waiting to get a bet in, while the guy in front of me is reading off (or trying to punch in) a bet of 1,2,3/1,2,3,4,5,6/4,5,6,7/4,5,6,7/4,5,6,7/4,5,6,7/7,8,9,10/7,8,9,10/7,8,9,10/7,8,9,10/8,9,10,11/9,10,11,12....WITH 1,2,3/1,2,3,4,5,6/4,5,6,7/4,5,6,7/4,5,6,7/4,5,6,7/7,8,9,10/7,8,9,10/7,8,9,10/7,8,9,10/8,9,10,11/9,10,11,12.

[GMB@BP]

5 million dollars....thats a joke, the odds are astronomical to hit that.

[MonmouthParkJoe]

I can’t wait to play this

[Suff]

So they'd payout the pool because no carry over is possible?. I would think 6 correct would get you paid. Maybe 7? Wild bet.

NYRA had an exacta parlay for the Sword Dancer to the Travers. 2 million loyalty points shared with anyone who hit both exacta.

The exacta's were bangers, $145 and another, I forget , but near or over a $100.

I never heard home many loyalty points that the promotional bet paid out, I'm Still curious.

[camourous]

I'm sure they have a rule where if there is a DNF or a distanced horse that they will not pay out and instead keep all of the money

[rastajenk]

Is there a chapter in a handicapping book somewhere that explains how to handicap for 11th and 12th place? I may yet have some learnin' to do.

[macguy]

That's the trend.
Offer new wagers that are increasingly more similar to lottery tickets.

Trying to get a few more of those power ball players to cross over and come to the track and bet instead.

[castaway01]

Originally Posted by rastajenk

Is there a chapter in a handicapping book somewhere that explains how to handicap for 11th and 12th place? I may yet have some learnin' to do.

I'll just tell you my pick---then you'll know 12th place. The other 11 are up to you.

[ZippyChippy423]

It’s no different then trying to pick a trifecta in 3 consecutive races with 15-20 horses each race. That was a bet in Japan called the “ triple trio” but not sure if it still exsists.

[cj]

Originally Posted by ZippyChippy423

It’s no different then trying to pick a trifecta in 3 consecutive races with 15-20 horses each race. That was a bet in Japan called the “ triple trio” but not sure if it still exsists.

It isn't remotely close to the same mathematically.

[lamboguy]

with the $5 million guarantee, its the same thing as a booking a bet. they might get something like $500,000 in business on this bet so they are laying you 10-1 on picking 24 horses.

the best thing that could happen is that someone actually picks the correct numbers, they will now get more people sucked in to play this thing the next time.

[chiguy]

I heard you have to pay $100 for a slot to play this bet. They are selling a million slots. Just a rumor I heard.

[Andy Asaro]

Twitter

[AlsoEligible]

For those comparing it to a lottery bet, the odds of nailing the exact order of finish in a 12 horse field are 479 million to 1. And that's just the first race.

Not sure how to work out the math to include the second race, maybe someone smarter than me can figure it out. If it's simply double the odds, then you're looking at nearly a 1 in a billion shot.

By comparison, the odds of winning a Powerball jackpot are about 292 million to 1. So this wager is infinitely harder to win, and only offers a fraction of the payout.

Of course if someone does manage to hit this (probably an offshore whale that can cover a couple hundred thousand combinations), everyone is going to think back to the Breeder's Cup Pick 6 and assume the fix was in. Even if it is just blind dumb luck, no one will believe it. Only racing would risk giving itself another black eye on an unforced error, just to push a gimmick bet that no one asked for.

[Suff]

Originally Posted by chiguy

I heard you have to pay $100 for a slot to play this bet. They are selling a million slots. Just a rumor I heard.

That makes sense. Love or hate it, its an effort to tie the two products together. Belinda Stronach has ideas for blending their assets.


Vegas model. Only 48% of revenue is from Gaming, 52% from hospitality. Stronach group has eyes on the full suite of entertainment, gaming and media.