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Old 01-09-2018, 03:29 PM   #1
VigorsTheGrey
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Oaklawn's Show Bet Bonus

"For the second straight year, Oaklawn will be offering the Show Bet Bonus, which makes the easiest wager in racing more profitable and fun for on-track guests only. With this bet, the payoff on show wagers made at Oaklawn will be higher than the payoff on the same show wager made off-track or through ADW services."

So does Oaklawn pump in extra money of their own or do on-track show wagers cannibalize off-site show wagers in order to do this...?
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Old 01-09-2018, 04:32 PM   #2
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I'd think they would simply have a lower takeout on the wager on track, which you could call 'pumping it in', or better yet, not pumping it out

All tracks should do this for all wagers.

They would make up the diff in hot dog sales and parking

Last edited by AltonKelsey; 01-09-2018 at 04:35 PM.
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Old 01-09-2018, 05:04 PM   #3
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Originally Posted by AltonKelsey View Post
I'd think they would simply have a lower takeout on the wager on track, which you could call 'pumping it in', or better yet, not pumping it out

All tracks should do this for all wagers.

They would make up the diff in hot dog sales and parking
I sincerely doubt that such a promotion would have any effect on either attendance or handle. The primary beneficiaries would be people who are at the track everyday because they work there, own horses, train horses, or just hang out at the track. I don't think that there are too many horseplayers thinking "gosh, if I could just get a 2-5% bonus on my payoffs I would make the trip to the track".
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Old 01-09-2018, 05:07 PM   #4
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Oaklawn increases on track show payouts by reducing their take in the on track show pool. If you compare the payouts it make a nice difference. Oaklawn management says that last year their show handle shows and increase because of this. They also say the overall attendance and handle shows an increase for whatever reason.
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Old 01-09-2018, 05:22 PM   #5
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Originally Posted by AltonKelsey View Post
I'd think they would simply have a lower takeout on the wager on track, which you could call 'pumping it in', or better yet, not pumping it out

All tracks should do this for all wagers.

They would make up the diff in hot dog sales and parking
Excellent point...
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Old 01-09-2018, 05:23 PM   #6
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Oaklawn increases on track show payouts by reducing their take in the on track show pool. If you compare the payouts it make a nice difference. Oaklawn management says that last year their show handle shows and increase because of this. They also say the overall attendance and handle shows an increase for whatever reason.
some races you get an extra .20 from the reduced takeout and sometimes the reduced takeout brings back another .20 from the breakage. if you are betting show, you are much better off betting at Oaklawn than betting at home with a rebate.
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Old 01-09-2018, 05:31 PM   #7
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I sincerely doubt that such a promotion would have any effect on either attendance or handle. The primary beneficiaries would be people who are at the track everyday because they work there, own horses, train horses, or just hang out at the track. I don't think that there are too many horseplayers thinking "gosh, if I could just get a 2-5% bonus on my payoffs I would make the trip to the track".
I wonder what the average show payout there is...I want to say $3 for each $2 bet but that would be just a guess so 2% to 5% would not be much...maybe they are just giving back the breakage...although Green80 says it is a "nice difference" so maybe it is more...definitely benefits high rollers
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Old 01-09-2018, 06:30 PM   #8
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some races you get an extra .20 from the reduced takeout and sometimes the reduced takeout brings back another .20 from the breakage. if you are betting show, you are much better off betting at Oaklawn than betting at home with a rebate.

Not better than the exchange. If you are a show bettor. The x is the way to go.

no breakage.

ALlan
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Old 01-09-2018, 07:06 PM   #9
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Not better than the exchange. If you are a show bettor. The x is the way to go.

no breakage.

ALlan

Yes, but the X is not available to most US bettors.
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Old 01-09-2018, 07:19 PM   #10
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Originally Posted by VigorsTheGrey View Post
I wonder what the average show payout there is...I want to say $3 for each $2 bet but that would be just a guess so 2% to 5% would not be much...maybe they are just giving back the breakage...although Green80 says it is a "nice difference" so maybe it is more...definitely benefits high rollers
According to OP, they say that their show pool handle for last year was up 34% over the previous year. I remember the show payouts on track were significantly higher although I can't give you a % at the moment. I will see if anyone list the on track payouts for comparison.

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Old 01-09-2018, 10:46 PM   #11
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According to OP, they say that their show pool handle for last year was up 34% over the previous year. I remember the show payouts on track were significantly higher although I can't give you a % at the moment. I will see if anyone list the on track payouts for comparison.
I posted last year's replays on the Oaklawn Thread. Following each race, the show bet bonus is shown with the entire results.

It would normally result in a .40 cent increase per $2 wager, with lower odds horses getting a .20 cent and longer odds horses a .60 cent increase generally.
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Old 01-09-2018, 10:56 PM   #12
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some of my biggest anti-bridgejumper scores have came from Oaklawn - do they still have $2.20 minimum?
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Old 01-09-2018, 11:38 PM   #13
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Not better than the exchange. If you are a show bettor. The x is the way to go.

no breakage.

ALlan
On the exchange can you get a price such as $8.47? If the answer is no then there is breakage, you just don't know about it.
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Old 01-10-2018, 09:00 AM   #14
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I posted last year's replays on the Oaklawn Thread. Following each race, the show bet bonus is shown with the entire results.

It would normally result in a .40 cent increase per $2 wager, with lower odds horses getting a .20 cent and longer odds horses a .60 cent increase generally.

To a show bettor, used to making 10% on his money, another .40 cents is huge.
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Old 01-10-2018, 10:26 AM   #15
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To a show bettor, used to making 10% on his money, another .40 cents is huge.
It would be but it doesn't work that way. An offtrack bettor getting $2.20 (10%) won't be getting $2.60 ontrack.
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