50 Cent Pick 4 In New York?

[Stevie Belmont]

Who thinks a 50 cent Pick 4 in New York is a good idea? At least one? Early or late?

[boomman]

Originally Posted by Stevie Belmont

Who thinks a 50 cent Pick 4 in New York is a good idea? At least one? Early or late?

Stevie: BOTH! If it follows exotic betting trends at other tracks that have done this, their handle will increase when the minimum wager is decreased. You gotta LOVE lower denomination wagering from a W2-G standpoint as well.....

Boomer

[facorsig]

It's such a good idea that they are already doing it at FL.

[Greyfox]

I beg to differ with you guys.

Back in the 1950's the lowest bet that you could make was for $ 2.00.

A two dollar wager in that period had a hell of a lot more purchase power than two dollars does today. Are tracks trying to attract a number of chicken shit bettors?


The minimum wager should be $ 1 on all bets. I am not a fan of the dime supers either.

[richrosa]

Originally Posted by Greyfox

Back in the 1950's the lowest bet that you could make was for $ 2.00.

It fair to note that the $2 bet wasn't done for purely business reasons, rather the limitations of the technology at the time. Today's technology affords more options that supposedly allows the racing wager to compete against other forms of legalized gaming.

[Greyfox]

Are you saying they didn't have $ 1 bills in 1955?

[richrosa]

Originally Posted by Greyfox

Are you saying they didn't have $ 1 bills in 1955?

As much as I would prefer the way it was, its a vastly different world than 1955. Times change.

What I would suggest is that every track standardized its reporting of payoffs against a $1 unit/base bet. That would make life easier for everyone, despite the actual base that could be takes on a particular wager.

[Greyfox]

Originally Posted by richrosa

Times change.

.

Times change? You bet they do. In fact that's the one thing that you can bet on, is things will change. The problem though is that the changes aren't always for the better. For example, this morning I found out that Yahoo changed my incoming mail. Now I can barely read the small window pane that it's presented in. Some change.

I'm saying that the net effect of 50 cent pick 4's and dime super tri's is a general lowering of the big ticket. Sure more players are hitting them, but the chance to hit a big score is reduced.

[InsideThePylons-MW]

I'm jumping up and down with anticipation waiting for the nickel quinella and the penny pick-6 with carryover.

[Greyfox]

Originally Posted by InsideThePylons-MW

I'm jumping up and down with anticipation waiting for the nickel quinella and the penny pick-6 with carryover.

[boomman]

Originally Posted by Greyfox

Times change? You bet they do. In fact that's the one thing that you can bet on, is things will change. The problem though is that the changes aren't always for the better. For example, this morning I found out that Yahoo changed my incoming mail. Now I can barely read the small window pane that it's presented in. Some change.

I'm saying that the net effect of 50 cent pick 4's and dime super tri's is a general lowering of the big ticket. Sure more players are hitting them, but the chance to hit a big score is reduced.

I remember having this discussion with someone else on this board a ways back when we were discussing the minimum $1 bet on the pentafecta (which I also disagree with and KNOW the only reason they did it was to create carryovers)...I am as big a player (most likely) as any player on this board, and have consistently found that if anything, the $1 superfectas (since the invention of the dime super) have probably INCREASED in average return, and if not , damn close, not to mention the fact that the pools have CERTAINLY increased. Add to that factor 6000x1 on your minimum wager that doesn't require a signature on a W2-G form (as the minimum signing amount is $600), and you put a ton more money in your pocket at the end of the year, especially if you're an everyday player. The argument that higher minimum bet denominations is a better deal for the player just doesn't cut it!!!!!!

Boomer

[Greyfox]

Does the 10 cent super tri have any impact on the time spent in betting lines?

[InsideThePylons-MW]

Originally Posted by boomman

I remember having this discussion with someone else on this board a ways back when we were discussing the minimum $1 bet on the pentafecta (which I also disagree with and KNOW the only reason they did it was to create carryovers)..

And you were 100% wrong about it.

Originally Posted by boomman

I am as big a player (most likely) as any player on this board,

Still as hilarious as the first time you said this.

Originally Posted by boomman

and have consistently found that if anything, the $1 superfectas (since the invention of the dime super) have probably INCREASED in average return, and if not , damn close, not to mention the fact that the pools have CERTAINLY increased.

Great observation again! Wagering is down but the dime supers are thriving????? If they actually are, at what cost to the other pools? How much faster do the nits lose their money when they get payoff's that are 10% of what they use to get even though they bet the same amount of money?

Originally Posted by boomman

Add to that factor 6000x1 on your minimum wager that doesn't require a signature on a W2-G form (as the minimum signing amount is $600), and you put a ton more money in your pocket at the end of the year, especially if you're an everyday player.

If you are a professional player, what does it matter if you sign your name to a form? Are you saying you don't do your taxes or don't want to do your taxes properly? If you are a successful pro, it's just a part of doing business.

What you are saying is that McDonalds would be better off if they just bought a hot dog cart and sold hot dogs for a $1.00 cash so they wouldn't have to worry about IRS paperwork.

As for withholding, it's just like any worker in the country paying their taxes.

You do pay taxes, don't you?

Originally Posted by boomman

The argument that higher minimum bet denominations is a better deal for the player just doesn't cut it!!!!!!

The main argument is that because of the lower increments, it automatically makes bettors spread out much deeper therefore making the unobvious have anti-value and the obvious have value. It basically takes value away from someone with a good opinion affecting big bettors and small bettors alike.

[BombsAway Bob]

fifty-cent Pick-4's are a great wager for tracks & bettors.
It gets people into the pool that are 'on the fence' about playing a Pick-4.Turf Paradise is a good example.
It also creates handle for tracks in later races in the sequence, as players who have handicapped them either:
A.) Cover runners they didn't use in the live ticket they have, or
B.) Play a late Pick-3 or Double if they get knocked out of the P4 early.
There's a reason Casinos are filling their floors with Penny Slots instead of Dollar Slots. People want value when gambling, wether it's real or perceived. If Fifity-Cent Pick-4's are beneath you, by All Means play for a Buck(or a Fin).

[Light]

It didnt hurt the super payouts when they went to a dime.It didn't hurt exactas when they were lowered to $1. And it wont hurt pk4's or pk6's to lower their denominations.By lowering the minimum requirement,it will reach a wider audience and in this economy,sticking with the status quo may be foolish. Times like these call for flexiblity.