Oaklawn's Show Bet Bonus

[green80]

Originally Posted by AndyC

It would be but it doesn't work that way. An offtrack bettor getting $2.20 (10%) won't be getting $2.60 ontrack.

He would usually get $2.40, double his profit. 10% to 20% is a nice jump.

I don't know if there are any show bettors out there making money on $2.20 horses ( I can't), but increasing that to $2.40 has to help.

[biggestal99]

Originally Posted by therussmeister

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.

Betting on x means there is no breakage.

Do you pay breakage when you buy stock on an exchange?

No. It’s the price minus commission on winning markets.

No breakage.

It’s great.

Breakage is just a bettors tax paid on winning Pm winning bets.

And yes prices are paid to the penny.

If you are matched at 1.73 you get 1.73 minus commission of course.

Allan

[AndyC]

Originally Posted by green80

He would usually get $2.40, double his profit. 10% to 20% is a nice jump.

I don't know if there are any show bettors out there making money on $2.20 horses ( I can't), but increasing that to $2.40 has to help.

The other scenario is that the regular show bet pays exactly 2.20 and the enhanced show bet computes to 2.36. A nice 80% increase in profits if not for breakage. The 2.20 to 2.40 scenario might happen with a long 2.20.

[VigorsTheGrey]

Originally Posted by AndyC

The other scenario is that the regular show bet pays exactly 2.20 and the enhanced show bet computes to 2.36. A nice 80% increase in profits if not for breakage. The 2.20 to 2.40 scenario might happen with a long 2.20.

For people with large show bets bets, the breakage is very significant, but in principle all your winning OUGHT to be returned to the winner, there is not sustainable rational to deny people what is theirs...when you go into a mini-market and buy a soda pop, does the clerk round DOWN to the nearest dime when they make your change...? The "it would cause delay for other patrons" argument doesn't wash anymore, no, not in this age of machine tellers, vouchers, etc...

[green80]

Originally Posted by AndyC

The other scenario is that the regular show bet pays exactly 2.20 and the enhanced show bet computes to 2.36. A nice 80% increase in profits if not for breakage. The 2.20 to 2.40 scenario might happen with a long 2.20.

Checking some results last year it looks like it's always at least .20 more, except for a minus pool.

[cutchemist42]

With the bonus then, is the show bet at Oaklawn a fair bet when compared to win and place? Would it even be tighter in terms of breakage than the Place bet??

[AndyC]

Originally Posted by green80

Checking some results last year it looks like it's always at least .20 more, except for a minus pool.

Where can you find the track show payoffs?

[green80]

Originally Posted by AndyC

Where can you find the track show payoffs?

off the replays on op's website. I couldn't find the on track payoffs listed anywhere else.

[Afleet]

Originally Posted by green80

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.

and some people argue take out doesn't matter

[Afleet]

Originally Posted by green80

off the replays on op's website. I couldn't find the on track payoffs listed anywhere else.

when they show the on track show payoffs in the last column on the tote it is a substantial difference. Just imagine what the trifecta payoffs would look like w/the same reduction. I will be there Sat and Sun-can't wait; too bad the weather is going to be so cold

[AndyC]

Originally Posted by green80

off the replays on op's website. I couldn't find the on track payoffs listed anywhere else.

Thanks. I looked at a limited amount of results and concluded that betting on the low priced horses would yield the greatest results.

I looked for the actual written rules of the show bonus but was unable to find it.

[green80]

Originally Posted by AndyC

Thanks. I looked at a limited amount of results and concluded that betting on the low priced horses would yield the greatest results.

I looked for the actual written rules of the show bonus but was unable to find it.

just checking a few results I saw a $2.60 show horse pay $3.00 on track and a longshot $17.00 show horse pay $19.00 on track.

All this by just reducing the take from 17% to 10% for on track show bets.

Looks like the gain in on track show pool offsets any loss by the reduced take.

[VigorsTheGrey]

How about we start a show bet special for Oaklawn on this thread...post your best show bets...hopefully on some prices...

[AndyC]

Originally Posted by green80

.......All this by just reducing the take from 17% to 10% for on track show bets.

Looks like the gain in on track show pool offsets any loss by the reduced take.

So le't say that there is 100,000 in the show pool, $70,000 offtrack and $30,000 ontrack. How are the ontrack payoffs computed? Do they consider the entire $100,000 at 10% takeout or just the money bet on track? Typically a show bet is figured as follows: $100,000 (Total Pool) minus $17,000 (Track take) minus winning tickets. That total is then divided by 3 to see how much is allocated to each horse that showed.

If the total pool is considered when figuring ontrack show prices the track take amount would be 10% in the above equation. If just the ontrack pool is considered then the equation would have 14.9% as the track take.

Or does the bonus amounts only reflect the reduced takeout on the $30,000? $5,100 minus $3,000 = $2,100.

[AltonKelsey]

Im just guessing as to the actual method , but simplest way would be to recalculate all the on track winners as if the take was 10%.

So if only 1 $2 ticket was sold, that ticket gets paid at the higher rate, and all other tickets get the normal payout.

Basically, they are refunding part of the takeout, not hard to understand.