Is NY ever going to introduce a pick five?

[1st time lasix]

With the explosive growth and interest in that pool around the country ...it seems like a no brainer at Saratoga this Summer....wondering why NYRA hasn't got a low-take pick five? Considering what they charge now for three, four and six horse bets....perhaps it is the low take out that really scares them.....or perhaps they are just too disfuntional. Has there been any discussion at all?

[castaway01]

Originally Posted by 1st time lasix

With the explosive growth and interest in that pool around the country ...it seems like a no brainer at Saratoga this Summer....wondering why NYRA hasn't got a low-take pick five? Considering what they charge now for three, four and six horse bets....perhaps it is the low take out that really scares them.....or perhaps they are just too disfuntional. Has there been any discussion at all?

It's because they have one of the few Pick 6s in the country that actually gets money wagered on it. Why would they want to siphon money out of that pool with a Pick 5 when they do so well when there are big Pick 6 carryovers?

[MaTH716]

Maybe they are afraid that it would hurt the pick 4's & 6 pool.

[jelly]

Originally Posted by 1st time lasix

With the explosive growth and interest in that pool around the country ...it seems like a no brainer at Saratoga this Summer....wondering why NYRA hasn't got a low-take pick five? Considering what they charge now for three, four and six horse bets....perhaps it is the low take out that really scares them.....or perhaps they are just too disfuntional. Has there been any discussion at all?

Because the Steve Crist(you know,the one looking out for you) types don't want It.



The pk-6 only handles(non carryovers) about 35-40k a day.A pick 5 with low takeout would average four or five time that and there would be plenty of carryovers.


If they had a pk-5 with 10% takeout it would be more profitable than the pk-6(and attract more bettors) for NYRA.

[OTM Al]

They have 2 P4s, a viable P6, and P3s on all possible races on the card. Why introduce another bet that ties money up for 5 races? I don't even know why people want this thing as it's a pretty lousy bet.

[andtheyreoff]

Here's a better question- who cares?

[MickJ26]

They also have the "grand slam", which never seemed to really catch on.

[Jeff P]

Originally Posted by OTM Al

...I don't even know why people want this thing as it's a pretty lousy bet.

Oh boy. <G>


-jp

.

[Robert Fischer]

You don't want to cannibalize the pick6.


There's really two issues here.

1. A gripe about takeout
2. A niche group that finds pick5's "just right".

The takeout issue can be applied to the pick6 just the same.


and that p5 niche group ought to play pick4s to build up their bank a wee little more and not expect the pick6 players to subsidize their niche...

[OTM Al]

Originally Posted by Jeff P

Oh boy. <G>


-jp

.

Takeout on losing is 100% if your response is driven by that. Hitting such a bet is extremely hard and not one that newer players should ever play as they will lose. Only those with large bankrolls should even bother with such bets.

[1st time lasix]

****Much prefer to play a pick five with a low take out than a pick 6 unless there is a handsome carryover. In fact.... many times I will use both pools. In my humble opinion.... playing into a non-carry over pick six in NY or anywhere else is the real bad bet. Saying a Pick Five with a low take out is a poor wagering option is pure foolishness. The pool growth of this particular wager everwhere it is now in place is simply staggering. The players have spoken......it is time for NY to respond. in reality....it is the pick three and four in NY with plus 25% takeout that is by far the worse play.

[1st time lasix]

Originally Posted by andtheyreoff

Here's a better question- who cares?

Clearly the thousands of players who put thousands of dollars thru the windows...... and with their ADW platforms!

[jelly]

One reason NYRA should add the Pick-5 is because they will make money.
I guess with slot machines they don't need to make money from the Horseracing side.

[therussmeister]

Originally Posted by 1st time lasix

In my humble opinion.... playing into a non-carry over pick six in NY or anywhere else is the real bad bet.

And in my humble opinion, that is why the pick six is dead nearly everywhere in the country. People eventually figured that out.

[Robert Fischer]

the NYRA non-carry pick6 is 15%

what are we talking in terms of the "low"take pick5s ??
Santa Anita is what? 14%
California?
Churchill?
Gulfstream?
You guys are the experts with this wager, what are major tracks offering??