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09-23-2016, 12:43 PM
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#16
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@TimeformUSfigs
Join Date: Jan 2002
Location: Moore, OK
Posts: 46,830
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Quote:
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Originally Posted by GMB@BP
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.
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I'm with you, that doesn't jive with the P6 players I know.
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09-23-2016, 01:10 PM
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#17
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Registered User
Join Date: Dec 2011
Posts: 4,285
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Quote:
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Originally Posted by the little guy
This is a very clever and interesting idea. There is one major reason it would never happen.
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I know. Getting the horsemen, track and legislature to agree on any change takes an act of God.
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09-23-2016, 01:51 PM
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#18
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Registered User
Join Date: May 2004
Posts: 7,334
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Quote:
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Originally Posted by AndyC
I know. Getting the horsemen, track and legislature to agree on any change takes an act of God.
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That too, but I think the lower takeout will discourage a significant part of their Pick-6 handle from playing, believe it or not.
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09-23-2016, 01:57 PM
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#19
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Registered User
Join Date: Jan 2006
Posts: 28,570
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Quote:
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Originally Posted by the little guy
That too, but I think the lower takeout will discourage a significant part of their Pick-6 handle from playing, believe it or not.
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Then...why not just RAISE the Pick-6 takeout? It might encourage a significant part of their Pick-6 handle to play more. No?
__________________
"Theory is knowledge that doesn't work. Practice is when everything works and you don't know why."
-- Hermann Hesse
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09-23-2016, 02:09 PM
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#20
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Registered User
Join Date: May 2004
Posts: 7,334
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Quote:
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Originally Posted by thaskalos
Then...why not just RAISE the Pick-6 takeout? It might encourage a significant part of their Pick-6 handle to play more. No?
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Do you really want to play smart ass with me? I mean, I'm always game, so let me know.
There is something known as optimal takeout rate...right?
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09-23-2016, 02:33 PM
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#21
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Registered User
Join Date: Jan 2006
Posts: 28,570
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Quote:
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Originally Posted by the little guy
Do you really want to play smart ass with me? I mean, I'm always game, so let me know.
There is something known as optimal takeout rate...right?
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Sorry TLG...I don't get to converse with you much, and I just couldn't pass up the chance. 
__________________
"Theory is knowledge that doesn't work. Practice is when everything works and you don't know why."
-- Hermann Hesse
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09-23-2016, 02:35 PM
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#22
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Registered User
Join Date: Jul 2009
Location: NJ
Posts: 3,823
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These halfway ideas rarely work in anything in life. If you want a jackpot bet instead of a traditional Pick 6, then switch to a jackpot bet. If you don't, then don't halfway it (or 15% it, or whatever you'd call this). Just doesn't make sense.
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09-23-2016, 02:42 PM
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#23
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Registered User
Join Date: May 2004
Posts: 7,334
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Quote:
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Originally Posted by thaskalos
Sorry TLG...I don't get to converse with you much, and I just couldn't pass up the chance. |
I get that:-)
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09-23-2016, 02:49 PM
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#24
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Registered User
Join Date: May 2007
Posts: 4,284
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Quote:
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Originally Posted by the little guy
Do you really want to play smart ass with me? I mean, I'm always game, so let me know.
There is something known as optimal takeout rate...right?
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OMG
__________________
"Just because she's a hitter and a thief doesn't mean she's not a good woman in all the other places" Mayrose Prizzi
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09-23-2016, 02:58 PM
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#25
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Buckle Up
Join Date: Apr 2014
Posts: 10,614
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Quote:
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Originally Posted by v j stauffer
OMG
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Just let it go, Vic.....Take it easy, you know how this raises your blood pressure... 
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09-23-2016, 04:17 PM
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#26
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Registered User
Join Date: Dec 2011
Posts: 4,285
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Quote:
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Originally Posted by the little guy
That too, but I think the lower takeout will discourage a significant part of their Pick-6 handle from playing, believe it or not.
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I am familiar with the concept of optimal takeout but I have never seen people bet less because the takeout was reduced. The optimal takeout is where the track makes the most profit. (Total Bets X Takeout Rate)
What makes you believe that people will not bet because of lower takeout rate? I could see a rebate reduction for some players but usually the low takeout horizontal bets will increase handle significantly.
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09-23-2016, 04:21 PM
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#27
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Registered User
Join Date: Dec 2011
Posts: 4,285
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Quote:
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Originally Posted by castaway01
These halfway ideas rarely work in anything in life. If you want a jackpot bet instead of a traditional Pick 6, then switch to a jackpot bet. If you don't, then don't halfway it (or 15% it, or whatever you'd call this). Just doesn't make sense.
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How is this a halfway idea? The original P-6 is left intact so those players will continue and the payoff is enhanced by a jackpot. Win-win.
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09-23-2016, 04:44 PM
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#28
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Registered User
Join Date: Mar 2007
Posts: 1,998
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Quote:
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Originally Posted by the little guy
Do you really want to play smart ass with me? I mean, I'm always game, so let me know.
There is something known as optimal takeout rate...right?
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How would racetracks know what the optimal takeout is when they have never tried it and certainly never will. It is like me opening up a burger stand next to In and Out and Mcdonalds. I start off charging $20 per burger, that isn't working so i go to $17.50 a Burger, I sell a few more but not enough more to justify making $2.50 less on the ones I was already selling, so time to go back to $20. Nowhere in my mindset am I looking to compete with the competition and sell my burgers for $7.99(after all my Burgers are bigger and better).
Welcome to racing's world of optimal takeout.
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09-23-2016, 04:54 PM
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#29
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Charm school graduate
Join Date: Jun 2016
Posts: 1,902
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Quote:
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Originally Posted by AndyC
How is this a halfway idea? The original P-6 is left intact so those players will continue and the payoff is enhanced by a jackpot. Win-win.
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If you're a small bankroll player you're never really going to be in a position to be a solo winner. Also, those 24 and 48 dollar tickets are going to hit exactly 5 winners much more than 6 winners, if you hit exactly 5, you Lose a big chunk of money you aren't realistically going to ever recover. It doesn't FEEL like a win win for too many people.
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09-23-2016, 05:04 PM
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#30
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Registered User
Join Date: Dec 2011
Posts: 4,285
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Quote:
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Originally Posted by EasyGoer89
If you're a small bankroll player you're never really going to be in a position to be a solo winner. Also, those 24 and 48 dollar tickets are going to hit exactly 5 winners much more than 6 winners, if you hit exactly 5, you Lose a big chunk of money you aren't realistically going to ever recover. It doesn't FEEL like a win win for too many people.
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I agree that would be the case in the new Del Mar P-6. I put my proposed version in reply #10. There would be no reduction in consolation payoffs.
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