Woodbine Thursday "Biggest Pot Ever"

[Ray2000]

SuperHigh5 Carry Over $158,056.60 "Biggest Pot Ever"

Race 10
20-cent minimum, also has a takeout of 15 per cent

http://www.woodbineentertainment.com...1-5f7e350dcbf4


Free Program
http://www.woodbineentertainment.com...Downloads.aspx

My Play $33.60
7/64/641/all /all
Keeping Optimistic with 25yo Drury

GLA

[cmp92]

Originally Posted by Ray2000

SuperHigh5 Carry Over $158,056.60 "Biggest Pot Ever"

Race 10
20-cent minimum, also has a takeout of 15 per cent

http://www.woodbineentertainment.com...1-5f7e350dcbf4


Free Program
http://www.woodbineentertainment.com...Downloads.aspx

My Play $33.60
7/64/641/all /all
Keeping Optimistic with 25yo Drury

GLA

Good to see the schedule expanded to Thursday nights. I'm pretty sure Mohawk will race five nights a week.

[Just a Fan]

I would assume that if no one takes down the pool, it will be paid out on Woodbine's closing night, which is 5/19.

The pool was 36,000 last Thursday night, so its tough to scoop it. Not impossible I guess, but the 57.5% takeout on most nights is tough to accept.

GL

[Ray2000]

JAF
Your math is correct but I'd guess most players don't look at it that way. It does make for a good promotion to be able to list "big CO pots".

Paying out half the pool as consolation means a different approach is necessary in constructing the tickets. The 168 combinations in my ticket (above) is just trying to get something back to cover an additional set of "Scoop" tickets with wild long shots.
Sat H5 was $481, but Monday $17,376 (2 winning tkts?)

cmp92
I understand there's going to be a coordination with the B tracks on the summer race schedules. Western Fair, Grand River and Georgian will get better non competing days?

[cmp92]

Originally Posted by Ray2000

JAF
Your math is correct but I'd guess most players don't look at it that way. It does make for a good promotion to be able to list "big CO pots".

Paying out half the pool as consolation means a different approach is necessary in constructing the tickets. The 168 combinations in my ticket (above) is just trying to get something back to cover an additional set of "Scoop" tickets with wild long shots.
Sat H5 was $481, but Monday $17,376 (2 winning tkts?)

cmp92
I understand there's going to be a coordination with the B tracks on the summer race schedules. Western Fair, Grand River and Georgian will get better non competing days?

Probably. Standardbred Canada had an article with all of their schedules a few weeks ago.

[Just a Fan]

Yes, 2 winning tickets on Monday (ouch for those folks). 20 cent H5 paid 2x as much as the $1 super, even with the fave finishing 5th. So there is an example of the H5 paying great (not to mention almost getting scooped) even with the high takeout.

I would love to know how the pools play out for a wager like this... for example, what percentage of SH5 tickets will use a 40-1 horse on top (is it a lot more than 2%?) or what % of tickets use a 4-5 shot on top (is it a lot less than 50%?).

I still think if the takeout is 2 or 3 times bigger than it should be, its hard to make up for that by relying on pool inefficiencies (or brilliant handicapping ) to hammer out a profit over the long run. But yeah, its definitely good for the track to have a 6 figure carryover to promote, and it gives Woodbine an extra 40-50K in handle each night. Gulfstream is getting something like 6M in additional handle each month while their Rainbow 6 goes unhit, which comes in handy for those unexpected facility maintenance bills, such as "slot machines crash thru the ceiling to the ground floor". I will confess that I was completely fooled when I saw this in person last month.

http://www.sun-sentinel.com/entertai...,5186149.story

[Ray2000]

Originally Posted by Ray2000

My Play $33.60
7/64/641/all /all
Keeping Optimistic with 25yo Drury

Hi Five
7/4/2/6/1....AHHHRRRRRGGGGG!!!

20¢ paid $406 got back 9.60 on the scr of #10

[Sea Biscuit]

Originally Posted by Just a Fan

I would assume that if no one takes down the pool, it will be paid out on Woodbine's closing night, which is 5/19.

The pool was 36,000 last Thursday night, so its tough to scoop it. Not impossible I guess, but the 57.5% takeout on most nights is tough to accept.

GL

Ok I'll bite. I am probably missing something here. 57.5% takeout? How did you get to that figure? Please explain.

They are advertising a low 15% takeout at their website.

http://www.woodbineentertainment.com...kpot-Hi-5.aspx

[Ray2000]

I can answer that one, Sea.

On any day, the new Hi5 money is subject to the 15% TakeOut but then only 50% of that new money goes to paying off the winners who have correctly picked the top 5 in order. So most days the other half of the money is diverted to the jackpot pool which only gets paid when there is a single winning ticket. That makes the effective TakeOut 50+% for all but the Lucky Dude who gets the Jackpot.

$162,633 CO tonight!!

[Just a Fan]

Last night's pool was 45,210 and they paid out 19,213.40 to winning ticket holders, give or take a few pennies. The mix of Canadian money with American money muddies things a bit.

I've read some articles from people that claim jackpot bets like the Rainbow 6 still offer good value despite the daily takeout, and maybe there are enough crazy tickets in the pool to make reasonable outcomes like last night overpay regularly. There were only 4 horses under 15-1 and they finished 1st, 2nd, 4th, and 5th, with the favorites finishing 2nd and 1st. Ray's ticket was all around it, didn't miss by much.

The C/O is actually 177K CDN tonight, but I think Ray is factoring in the exchange rate (or looking at a website that displays the US figure).

Go get 'em.

[Ray2000]

Yes, I got that CO from my ADW

Tonight I'm going cheaper, tougher race.

Race 11

36 /236 /236810 /2356810 /2356810 ......$14.40

[Muddy]

9-310-310-all-all=16.80

7-9-310-all-all=16.80

[Sea Biscuit]

Originally Posted by Ray2000

I can answer that one, Sea.

On any day, the new Hi5 money is subject to the 15% TakeOut but then only 50% of that new money goes to paying off the winners who have correctly picked the top 5 in order. So most days the other half of the money is diverted to the jackpot pool which only gets paid when there is a single winning ticket. That makes the effective TakeOut 50+% for all but the Lucky Dude who gets the Jackpot.

$162,633 CO tonight!!

I see what you mean by 50+% takeout. Takeout for me is something that the track takes as commission for their expenses for running the track never again to be seen by the bettor.

Here the 50% is added to the pool for the next race day. Technically not the same thing as the regular takeout and calling it a takeout would not be right in my MHO. Eventually the whole pool will be paid to one lucky guy or maybe even to multiple people if the Jackpot keeps carrying over and it goes until the last race day of Woodbine on a 'must pay' night where the total pool is divided and given to the winning ticket holders even if they are more than one.

Most players who take part in this kind of betting are aware of the 50% pool carryover and the risks involved and are playing willingly in an attempt to win the jackpot.

[Ray2000]

You're right, the track never gets to keep the "Effective Take", that's for the daily players when no jackpot is hit.

It can also be looked at this way...

If you never cash a ticket it doesn't matter what the TakeOut is.

Tonight, R11, I'm playing :

For Chalk...56-356-3456-34568-345678......$6.40
For Pot.....24-17-16-59-245679................$7.20

[Ray2000]

R10 20¢ H5..... 10,4,6/10,4,5,6/10,4,5,6,8/10,4,5,6,8/10,4,5,6,8 = $10.80