I Need a Good Show Betting System

[barn32]

Here in Las Vegas at the Station Casinos (Red Rock, Palace Station, Green Valley Ranch, 7 in all, etc.) you can get 1500 points on your players card for every $100 bet on their horse racing app. (You only get 1000 points per $100 if you bet at the casino.)

Two or three people I know are making show bets in 6-horse fields on the favorite-especially odds-on favorites. One of my friends got Chairman status (the highest) last year doing something similar to this, and the other two so far this year are one notch below Chairman (President).

When you reach chairman (300,000 points) you get a free cruise, worth about $1500, some free meals, some half-price meals, and other comps. I think the points are worth $300 if you want to cash them in. They are probably worth a lot more in comps.

It's not a bad deal if you can at least break even, and you get to keep the Chairman status for the entire following year.

You need to make 200 $100 bets.

I wrote a spreadsheet to follow the morning line favorite and the closing favorite, (without any handicapping), and so far the closing favorite is doing slightly better, but both are losing money.

Most of the time you average around $2.20 ($2.10 minimum show payouts except for Mountaineer and Charlestown, which are $2.20), but every once in awhile, like today, you get surprised with a $4.00 horse.

Before I dive in and go for it, I need to try and get a little bit better return on my money.

Any ideas on the best way to go about this?

[baconswitchfarm]

Originally Posted by barn32

Here in Las Vegas at the Station Casinos (Red Rock, Palace Station, Green Valley Ranch, 7 in all, etc.) you can get 1500 points on your players card for every $100 bet on their horse racing app. (You only get 1000 points per $100 if you bet at the casino.)

Two or three people I know are making show bets in 6-horse fields on the favorite-especially odds-on favorites. One of my friends got Chairman status (the highest) last year doing something similar to this, and the other two so far this year are one notch below Chairman (President).

When you reach chairman (300,000 points) you get a free cruise, worth about $1500, some free meals, some half-price meals, and other comps. I think the points are worth $300 if you want to cash them in. They are probably worth a lot more in comps.

It's not a bad deal if you can at least break even, and you get to keep the Chairman status for the entire following year.

You need to make 200 $100 bets.

I wrote a spreadsheet to follow the morning line favorite and the closing favorite, (without any handicapping), and so far the closing favorite is doing slightly better, but both are losing money.

Most of the time you average around $2.20 ($2.10 minimum show payouts except for Mountaineer and Charlestown, which are $2.20), but every once in awhile, like today, you get surprised with a $4.00 horse.

Before I dive in and go for it, I need to try and get a little bit better return on my money.

Any ideas on the best way to go about this?

[lansdale]

Originally Posted by barn32

Here in Las Vegas at the Station Casinos (Red Rock, Palace Station, Green Valley Ranch, 7 in all, etc.) you can get 1500 points on your players card for every $100 bet on their horse racing app. (You only get 1000 points per $100 if you bet at the casino.)

Two or three people I know are making show bets in 6-horse fields on the favorite-especially odds-on favorites. One of my friends got Chairman status (the highest) last year doing something similar to this, and the other two so far this year are one notch below Chairman (President).

When you reach chairman (300,000 points) you get a free cruise, worth about $1500, some free meals, some half-price meals, and other comps. I think the points are worth $300 if you want to cash them in. They are probably worth a lot more in comps.

It's not a bad deal if you can at least break even, and you get to keep the Chairman status for the entire following year.

You need to make 200 $100 bets.

I wrote a spreadsheet to follow the morning line favorite and the closing favorite, (without any handicapping), and so far the closing favorite is doing slightly better, but both are losing money.

Most of the time you average around $2.20 ($2.10 minimum show payouts except for Mountaineer and Charlestown, which are $2.20), but every once in awhile, like today, you get surprised with a $4.00 horse.

Before I dive in and go for it, I need to try and get a little bit better return on my money.

Any ideas on the best way to go about this?

You've always seemed like a shrewd poster on this site -- also, don't you work in finance? -- so I don't know how you see this as anything other than a major sucker proposition. They want 20k of your action at very high variance ($100 bets) and in return you get a $1500 cruise and some comped meals? The casino's 'theoretical' on this, for the average horseplayer should be ca. $3600 -- that's the value of the comps your action is worth. And if you are able to get anywhere near even (a great achievement), add a rebate and horseracing is your personal money machine -- who gives a damn about a comped trip or meals?

You sound like a solid poker player. I don't know if you play Omaha, but if you patronize the Station casinos, last I heard Boulder Station is spreading one (or sometimes more) of the loosest Omaha games in Vegas. If this is still the case, I think that game has much more profit potential than that dubious prop bet. BTW, their poker room is usually a five-alarm smoke situation, so a gas mask may be in order.

[barn32]

Originally Posted by lansdale

I don't know how you see this as anything other than a major sucker proposition...

I don't know if you play Omaha, but if you patronize the Station casinos, last I heard Boulder Station is spreading one (or sometimes more) of the loosest Omaha games in Vegas. If this is still the case, I think that game has much more profit potential than that dubious prop bet. BTW, their poker room is usually a five-alarm smoke situation, so a gas mask may be in order.

I can't disagree with much of what you say. As far as the horse racing is concerned you can go about it any way you want. You don't have to bet show. There are other approaches. You could even play slots, video poker or craps if you wanted to.

In fact, 100% payback video poker might be a viable alternative.

The guys I know who are doing this play six horse races so they can have a better chance of hitting the board. One of them handicaps the races before he bets and he'll bet as high as $300 a race but only if he thinks the horse has a strong chance to win. He's ahead doing this after about 50 bets. He does it while he's playing poker and he has fun doing it.

They play Omaha straight high at Boulder, and they went non-smoking around five years ago. If Omaha is your thing, yea, the action isn't that bad. But sometimes that game is enough to put you in the insane asylum.

It's the modern-day equivalent to razz.

[Dave Schwartz]

Originally Posted by barn32

I can't disagree with much of what you say. As far as the horse racing is concerned you can go about it any way you want. You don't have to bet show. There are other approaches. You could even play slots, video poker or craps if you wanted to.

But there is a difference between horse racing and slots in Nevada:

With slots, you can actually play that money in the machines, so it becomes just like cash.

You cannot do that with horse betting points!

Even though it is on the same card, it will not transfer into a machine.

That would be indirect monetization and will not fly.

[Tom]

You can use my exacta method - gets a whole lot of show horses!

[bob60566]

8th Race at Mountineer tonight good place to start your show betting.

[cj]

I actually did this a few years ago when a certain ADW was offering $1,000 once you bet a $1,000. Did it for four people, so bet $4,000 in total. I think I deposited $200 in each account and never had to reload, just made $20 show bets. Some I did on all four, but mostly they were different. Before the $1,000 was deposited in each account, I had totals ranging from $150 to $225 in the four accounts, and they totaled $700. I only lost $100 total and received $4,000 in bonuses. I did try to beat bridge jumpers every time I saw them and hit once which helped quite a bit.

In the end, turned $800 into $4,700. I split the $1000 minus any losses with the three people that opened new accounts and of course keep all of it from my own. Needless to say, this "bonus" hasn't cropped up since. I think a lot of people took advantage of it. If it ever does again, I have a pretty good list of people for which I could open new accounts. It was a no lose situation even if you did no handicapping at all.

[barn32]

Originally Posted by Dave Schwartz

But there is a difference between horse racing and slots in Nevada:

With slots, you can actually play that money in the machines, so it becomes just like cash.

You cannot do that with horse betting points!

Even though it is on the same card, it will not transfer into a machine.

That would be indirect monetization and will not fly.

Not trying to transfer. Just trying to earn points. If you earn points playing video poker, horses, sports betting, craps or whatever, regardless of the game, you can't feed the points back in and bet with them. With points, they just go toward your status. Now in some cases, they might separate horseracing from sports betting from casino games, but in all of the casinos, you can use your points for comps, and in many (but not all) casinos you can cash them out.

You can earn points in a number of different ways including playing poker.

Here are some examples:

Poker 1 hour =100 points
Sports betting $1 =1 point
Horses $1 =10 points (15 on the app)
Slots and video poker $1=1 point
Table games; depends upon your hours played and action

Horse racing offers the most points for your dollar.

I'm a little surprised I'm the only one who sees value here.

[barn32]

Originally Posted by cj

I actually did this a few years ago when a certain ADW was offering $1,000 once you bet a $1,000. Did it for four people, so bet $4,000 in total. I think I deposited $200 in each account and never had to reload, just made $20 show bets. Some I did on all four, but mostly they were different. Before the $1,000 was deposited in each account, I had totals ranging from $150 to $225 in the four accounts, and they totaled $700. I only lost $100 total and received $4,000 in bonuses. I did try to beat bridge jumpers every time I saw them and hit once which helped quite a bit.

In the end, turned $800 into $4,700. I split the $1000 minus any losses with the three people that opened new accounts and of course keep all of it from my own. Needless to say, this "bonus" hasn't cropped up since. I think a lot of people took advantage of it. If it ever does again, I have a pretty good list of people for which I could open new accounts. It was a no lose situation even if you did no handicapping at all.

Just saw this. Situations like this come up from time to time. There used to be a lot of good promotions when you could bet sports at Pinnacle and 5-Dimes.

Before Black Friday the poker sites and all of their "skins" had multiple re-load bonuses that were easy to clear.

Casinos have profitable promotions on occasion, but not as much as in years past. But they still crop up now and then.

This particular one I'm looking into has possibilities, and I'm just trying to figure out the best way to go about exploiting it.

[Secondbest]

If that's what you want . Look at Oracle's posts for some ideas.

[mistergee]

is it true that the ADW'S will not allow show betting only or a high percentage of your plays being to show?

[Dave Schwartz]

Originally Posted by barn32

Not trying to transfer. Just trying to earn points. If you earn points playing video poker, horses, sports betting, craps or whatever, regardless of the game, you can't feed the points back in and bet with them. With points, they just go toward your status. Now in some cases, they might separate horseracing from sports betting from casino games, but in all of the casinos, you can use your points for comps, and in many (but not all) casinos you can cash them out.

NV statutes prevent horse racing comps from ever being turned into cash, either directly (i.e. cash out) or indirectly (i.e. play off a machine).

[barn32]

Originally Posted by Dave Schwartz

NV statutes prevent horse racing comps from ever being turned into cash, either directly (i.e. cash out) or indirectly (i.e. play off a machine).

I was unclear about this, but I'm sure you're right, and if that's the case then you can just use them for comps.

In most cases, comp value is worth about twice the cash value anyway.

Poker points can be turned into cash. I'm not sure about the other casino games.

[Dave Schwartz]

Originally Posted by barn32

I was unclear about this, but I'm sure you're right, and if that's the case then you can just use them for comps.

In most cases, comp value is worth about twice the cash value anyway.

Poker points can be turned into cash. I'm not sure about the other casino games.

Back around 2008 or 2009 when my primary playing partnership had broken up, I was considering actually playing in a local casino. Went to the Atlantis, told them what I needed to play - which include 2 things: accessible WiFi and a rebate.

They installed the WiFi and told me that my handle would get 4%. Somewhere in the conversation, it came to light that the 4% would be all comps.

Killed the whole deal for me. I mean, how many $80 steak-and-lobster dinners can you really eat? LOL

(Yes, really good food is still cheap in Reno, BTW.)

PS: It is only horse racing. Don't really know why.