Should every ticket be cashable?

[Imriledup]

What about this idea. How about every ticket is a 'winner'? Find a way to give back some money to people who don't win. I know, that money would come out of the betting pools and the winning horses would pay less than they currently do, but if you give back a few pennies to every player, it will psychologically make every player think differently of this game. Some people go to the track and hardly ever cash a ticket. People find it very hard to risk money they know might see a 0 return.

But, if you give people back 6 cents (for example) on a ticket from their horse who finished 8th, that would force them to physically go to the window to cash. No one would cash a 6 cent ticket because its too embarrassing, but they can save all their tickets and when they accumulate a few bucks, than they can head to the cashiers window like the rest of us geniuses!

I think psychologically, giving money back to EVERYONE on every bet no matter what will make betting pools increase.

So, if a winning horse who was going to pay 8.80 pays 8.00 and the other 80 cents goes to the bettors who did not win, it makes everyone feel much better. It would make race betting more like the stock market, where you don't lose all your investment if you mess up.

The bottom line remains that ALL the money (sans the takeout) goes back to the players anyway, with my system, it just goes back to more people more of the time. Losing players get more money to churn. It won't hurt the winning players because, well, as winning players, they are going to find a way to win no matter what anyway, it makes no difference.

Win win situation?

[Donnie]

<shaking his head:::::::slowly:::::::from side to side>


......socialism hits the racetrack.......

[CBedo]

So the dictators on top keep getting richer, and at the bottom we all are poorer, but, at least we all lose at similar rates? This really is socialism.

So if you win, your'e takeout is six points higher? Great! I'm incented to lose, haha.

[Imriledup]

Originally Posted by CBedo

So the dictators on top keep getting richer, and at the bottom we all are poorer, but, at least we all lose at similar rates? This really is socialism.

So if you win, your'e takeout is six points higher? Great! I'm incented to lose, haha.

You're not incented to lose, but you WILL lose way more than you win. Therefore, you will benefit from this system if you happen to get beat.

This is a game where we need the borderline players to hang around and not leave the game. We need to mentally 'train' players the joys of cashing.

[DJofSD]

Let me guess, you would like to bail out all of the people that lied and committed fraud on their mortgage applications too.

[Imriledup]

Originally Posted by DJofSD

Let me guess, you would like to bail out all of the people that lied and committed fraud on their mortgage applications too.

Stick to the topic. If you want to talk about mortgage fraud, find a mortgage message board.

Tell me why this is a bad idea. I'm willing to listen. Break it down for me. Teach me the error of my ways.

[Donnie]

Should we call the actual winner of the race the "winner"? Or should we reward every horse (trainers and owners mind you) for being a good participant? Ask this question of someone who seriously "invests" their money at the track....this would be a GREAT way to end the game.

Some things in life just need losers. Period.

[Imriledup]

Originally Posted by Donnie

Should we call the actual winner of the race the "winner"? Or should we reward every horse (trainers and owners mind you) for being a good participant? Ask this question of someone who seriously "invests" their money at the track....this would be a GREAT way to end the game.

Some things in life just need losers. Period.

Horse owners get paid to the 5th place usually, some tracks pay ALL the owners for participating. Jockeys get paid for 1st or 12th. They make money no matter what. Why should horse bettors not get paid the same way? Owners and jockeys aren't complaining about the system and how its set up.

[sandpit]

Not sure if this is a fair comparison, but many racetracks pay purses all the way back to last place, not unlike NASCAR or a golf tournament, so in a sense you could say they are practicing socialism since everyone earns something just for participating...should the bettors get similar consideration???

[JustRalph]

reminds me of the little league games that don't actually keep score..........then on the way home in the mini vans.......the kids who won do nothing but talk about how they slaughtered the other team

[Donnie]

You got me sold! Let's do it! Sounds like pure and simple equity to me. Since all other sports do it, this is discrimination to the highest degree!

Forget the fact that I have to buy feed or medicine or farrier fees or hire stable help, and hotwalkers and vets and stall space and everything else (oh for NASCAR forget about the pitcrews and the engineers who work endlessly on the engimne, or the insurance or transportation costs, etc, etc, etc.)

Yup that was my first thought too Ralph!

[BillW]

Lowering takeout would accomplish this without punishing the winner.

[Donnie]

not unlike NASCAR or a golf tournament, so in a sense you could say they are practicing socialism since everyone earns something just for participating...should the bettors get similar consideration???

This is the way they have been setup from day one to cover the costs incurred by the active participants. Without something coming to them, you would have very few racing in either horseracing or nascar.....

[Donnie]

Reality: this would never be able to be implemented anyway. They can't even turn the betting off on time, let alone figure out who gets 10 cents down to last place......

NEXT RACE!!!!

[chickenhead]

I've always thought tracks should implement rebates in this way (essentially this idea minus the socialism). Forget about tracks having player cards, and tracking this that and the other.

Just rebate 5% on the bet value. Every $2 loser is worth $0.10. Every $2 winner gets an extra $0.10. Easy peasy.