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09-22-2016, 11:19 PM
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#1
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Registered User
Join Date: Nov 2015
Posts: 64
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Enhanced Del Mar Pick Six
The new twist on the Pick Six...Those picking all six winners will continue to get 70% of the pool, but the remaining 30% will be split two ways. Those with consolation tickets will be paid 15% of the pool, while the final 15% will be carried forward until there is a lone Pick Six winning ticket.
At this point why pay on consolation tickets at all? Does this even stand a chance of being successful? I'm going to have to be much more selective as to when I play the Pick Six. Am I wrong or have they lost their minds?
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09-23-2016, 12:04 AM
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#2
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Registered User
Join Date: Dec 2011
Posts: 4,274
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Quote:
Originally Posted by Baron Star Gregg
The new twist on the Pick Six...Those picking all six winners will continue to get 70% of the pool, but the remaining 30% will be split two ways. Those with consolation tickets will be paid 15% of the pool, while the final 15% will be carried forward until there is a lone Pick Six winning ticket.
At this point why pay on consolation tickets at all? Does this even stand a chance of being successful? I'm going to have to be much more selective as to when I play the Pick Six. Am I wrong or have they lost their minds?
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The lifeblood of a P-6 player is the consolation payoffs. It is what keeps you in the game chasing the score. To cut that payoff in half to fund a jackpot bet takes a lot of money out of play.
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09-23-2016, 09:26 AM
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#3
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Registered User
Join Date: Sep 2008
Posts: 361
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Spiketoo
Quote:
Originally Posted by AndyC
The lifeblood of a P-6 player is the consolation payoffs. It is what keeps you in the game chasing the score. To cut that payoff in half to fund a jackpot bet takes a lot of money out of play.
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Exactly! Consols help with my churn when there is a C/O.
Can I change the title to Del Mar Phucks up P6???
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09-23-2016, 10:27 AM
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#4
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@TimeformUSfigs
Join Date: Jan 2002
Location: Moore, OK
Posts: 46,816
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If Belmont had these rules in place bettors would have collected $2026 yesterday instead of $4052. That matters a lot to the regular P6 player.
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09-23-2016, 10:46 AM
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#5
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Registered User
Join Date: Feb 2010
Posts: 2,748
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It's probably not the smartest move. On the bright side, if there's no single winning ticket the last week or two.The whales get a double bonus. All of the carryover money,plus all of the money from those suckers who play the 96 dollar tvg tickets that'll be given out over and over. Those tickets have zero chance of winning.
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09-23-2016, 11:02 AM
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#6
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Sartin Methodology Fan
Join Date: Mar 2007
Location: Earth
Posts: 328
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A vacuous move indeed. How is this an improvement?
__________________
"And there they go! It's Toupée going on ahead, Long Underwear has fallen behind, Toothpaste is being squeezed out on the rail as Banana joins the bunch, and Cabbage is trailing by a head."
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09-23-2016, 11:03 AM
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#7
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Registered User
Join Date: Jul 2015
Posts: 876
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I read this yesterday and almost fell out of my chair. I know personally speaking I dont play the pick 6 for the consos as the article points out, but why take more money out of the players pockets?
Even if the effective takeout for the rest of the jackpot bets is extremely high with the single ticket provision for the entire payout, the trade off is the low base wager. This delmar bet makes no sense to me, at all
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09-23-2016, 11:21 AM
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#8
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Registered User
Join Date: Dec 2011
Posts: 4,274
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"Most Pick Six players indicated that consolation pools weren’t the reason they played the bet and Del Mar officials emphasized that the consolation prizes weren’t being taken away, but rather adjusted to allow for half of it to be reallocated to the “Jackpot” pool."
I certainly never played the P-6 for the consolations but I was able to continue playing the P-6 because of the consolations. Talk about spinning an answer to fit your needs/wants.
At $2 a pop I would suspect that the Jackpot will not go too many days without a single winner. It is a big boy bet requiring a big bankroll effectively eliminating the small to midsize P-6 player.
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09-23-2016, 11:23 AM
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#9
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Registered User
Join Date: Sep 2012
Posts: 930
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Dumb, and stupid that is what this new pick 6 is. Good luck on the handle not dropping like a rock.
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09-23-2016, 11:53 AM
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#10
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Registered User
Join Date: Dec 2011
Posts: 4,274
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It is easy to sit back and complain and I have certainly been guilty on this thread. So I am offering Del Mar a suggested change to their new P-6 that should suit everybody.
They should request a takeout change from the current 23.68% to the W-P-S takeout of 15.43% for the P-6. The change in takeout should be used entirely to fund the jackpot. On their current proposal, the jackpot would get 11.45% (.15 X 76.32%) of the pool each day and with mine they would get 8.25%. This way all parties are happy and the expected increase in handle should cover the reduction in takeout percentage.
Del Mar should also look at seeding or setting a minimum Jackpot payout so the jackpot lured bettors won't have to sit on their wallets waiting for the build.
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09-23-2016, 12:01 PM
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#11
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Registered User
Join Date: Aug 2012
Posts: 8,798
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Andy's proposal is a good idea.
But there's obviously a rift here between how tracks view the pick 6 (as a lottery type wager) and how horseplayers do (as a serious, beatable bet for high bankroll players).
This problem is not going away.
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09-23-2016, 12:14 PM
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#12
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Registered User
Join Date: May 2004
Posts: 7,325
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Quote:
Originally Posted by AndyC
It is easy to sit back and complain and I have certainly been guilty on this thread. So I am offering Del Mar a suggested change to their new P-6 that should suit everybody.
They should request a takeout change from the current 23.68% to the W-P-S takeout of 15.43% for the P-6. The change in takeout should be used entirely to fund the jackpot. On their current proposal, the jackpot would get 11.45% (.15 X 76.32%) of the pool each day and with mine they would get 8.25%. This way all parties are happy and the expected increase in handle should cover the reduction in takeout percentage.
Del Mar should also look at seeding or setting a minimum Jackpot payout so the jackpot lured bettors won't have to sit on their wallets waiting for the build.
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This is a very clever and interesting idea. There is one major reason it would never happen.
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09-23-2016, 12:21 PM
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#13
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Registered User
Join Date: Aug 2006
Posts: 1,037
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I will never play a jackpot-type play..... unless it is mandatory payout day. I want to get properly paid in full for the risk I take. The Del Mar announcement has effectively ended my handle on their pick six. There are other pools (and other tracks) to consider with my handicapping decisions.
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09-23-2016, 12:34 PM
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#14
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Registered User
Join Date: Feb 2003
Location: Dark Side of the Moon
Posts: 5,870
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Quote:
Originally Posted by cj
If Belmont had these rules in place bettors would have collected $2026 yesterday instead of $4052. That matters a lot to the regular P6 player.
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The article quoted big pick 6 players stating the consolation payoffs meant little in their playing the bet.
I find that very difficult to believe, wonder who these players were.
I dont play the bet but my bankroll churn sure would be affected by a 50% reduction in consol payoffs.
Last edited by GMB@BP; 09-23-2016 at 12:35 PM.
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09-23-2016, 12:36 PM
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#15
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vaguely on topic...
Join Date: May 2016
Posts: 104
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welp, should be a fun little exercise for the math nerds -- if nothing else
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