You read that correctly.
Wagering is in the news with the announcement that, for the first time at a New York track, rolling doubles will be offered when Saratoga opens its season next Wednesday. Unlike some other wagers that could have been offered, this one is a good deal for the fans.
The Pick 3, after all, is more of a trap than it appears, looking easier than it actually is. Pick 4s add a layer of difficulty, of course, but are more desirable because payoffs increase exponentially from the Pick 3. And $1 part-wheel units are available, unlike the Pick 6.
The Pick 6 is a different animal altogether, offering the potential for a life-changing score or, at minimum, a fill-up at the local gas station. But the Pick 6 is extremely difficult to win and is beyond the bankroll capabilities of most horseplayers. But they are a great temptation, even for the average bettor, because of the carryover provision.
Any time a wager offers winners more money than is taken in, players are afforded real value.
Rolling doubles are attractive because they don’t tie up money beyond two races, good for both track and player, a rare double, indeed. As opposed to parlays, parimutuel takeout on doubles is extracted once. Having the luxury of starting the wager anywhere on the card is another bonus.
Parenthetically, the posting of odds, probable payoffs, and results, is something most tracks leave to their closed-circuit television departments. In the main, the techs responsible for those duties often are starting their television careers, rarely have an understanding of wagering, and the minimum-wage pay scale rarely inspires creativity and attention to detail.
So it would be good if NYRA executives, between congratulatory pats on the back for Saratoga’s success, occasionally look at monitors to see what track and simulcast customers are seeing, to insure that complete information is presented in a timely manner: This includes leaving multiple-pool probable payoffs like doubles on screen long enough to allow players to scribble the information into their programs.
I worry about these things because someone has to, and because I’m not quite convinced that the people in charge look at what goes out over their air. And with the new graphics packages, don’t be standing too far away from a monitor if you expect to see anything. From any reasonable distance, it’s all a gray blur.
Rolling doubles then are a welcome addition. But I noticed that only one superfecta-- racing’s fastest growing popular wager because of fractional betting--will be offered on the last race of the day. Why? Is it some kind of trade-off with the State Racing and Wagering Board, who needs to grant permission, or is the track just being greedy?
Ever notice that on mega race days tracks eliminate Dime superfectas and revert to a $1 minimum? They think it forces players to bet more money on the best races when, in fact, many bettors just pass entirely. And, at Saratoga, every day is like Derby day.
Actually, tracks are not that much different philosophically from big bettors. You always hear Pick 6 whales lobbying to keep the bet a $2 wager. By lowering that minimum, they argue it allows too much square money into the pool, theoretically increasing the possible number of winners while decreasing carryover potential, something both the tracks and players covet.
Last Sunday at Belmont Park, the Poker Stakes featuring this country’s top grass miler, Kip Deville, was run as the fourth race, keeping it out of the Pick 6 sequence. The short-sightedness involved, as was illustrated by Steven Crist last weekend, is that players might be more inclined to play if they view the wager as a virtual “Pick 5.”
When a sequence becomes too difficult, even Pick 6 whales have been known to back off, putting in small “sanity tickets” just in case. I mention this because the new “Sixty Minute Six” has produced two carryovers in its first four weeks, despite allowing for $1 part-wheels. The winning payoffs were $3,700 in Week 3, which followed a whopping $320,000 carryover-infused payoff in Week 2.
The NYRA and other New York tracks have always grown their betting menus willy-nilly because the state-appointed members of the SRWB act as if they believe it’s their obligation to save bettors from themselves. Shouldn’t adult horseplayers be allowed to decide the pools into which they want to jump?
ED. NOTE:
John…
Saw your blog about the supers. We will be offering at least three a day (as long as we get enough fields of eight –no entry or field)…and maybe more.
Think the confusion is in the info we included in the back of our press kit which produced by another department where super is listed as last race only—because that’s the only place it’s sure to be. The other two currently allowed could show up anywhere on the card.
We are seeking approval to increase the number of supers to have them anytime we have a race of where 8 betting interests leave the paddock (no entry of field)
Sorry for the confusion.
JOHN LEE
Director of Communications and Media Relations
New York Racing Association
PO Box 90
Jamaica, NY 11417
17 Jul 2008 at 07:54 am | #
Readers:
The following communication was received subsequent to this post.
John
“John…
Saw your blog about the supers. We will be offering at least three a day (as long as we get enough fields of eight –no entry or field)…and maybe more.
Think the confusion is in the info we included in the back of our press kit which produced by another department where super is listed as last race only—because that’s the only place it’s sure to be. The other two currently allowed could show up anywhere on the card.
We are seeking approval to increase the number of supers to have them anytime we have a race of where 8 betting interests leave the paddock (no entry of field)
Sorry for the confusion.
JOHN LEE
Director of Communications and Media Relations
New York Racing Association
PO Box 90
Jamaica, NY 11417
17 Jul 2008 at 08:22 am | #
JP,
Thanks for pointing out that carryover life doesn’t end with lower P6 minimums despite concerns to the contrary by pool operators and deep-end inhabitants. If NYRA can lower P6 takeout on non-carryover days to encourage participation, why can’t they lower the minimum on those days as well?
Mr. Lee,
Why not give the smaller bettor a real shot at winning a P6 with a $.50 minimum on non-carryover weekend days and $.25 on non-carryover holidays—at least on-track.
wmc,
I saw your NTRA rant over at the site of the self-appointed. NK will be proud, I’m sure.
17 Jul 2008 at 12:14 pm | #
Indulto,
A couple of things.
1) Thanks for your invitation to join HANA. As someone who gets paid to handicap and write about racing, it would be inappropriate for me to join any group, other than one of those (despised) turf writers organizations. Someday I may have to report on you folks. That requires I remain objective.
2) I went to the HANA site and read the post, “Low Takeouts Are Our Friend.” I emailed the author using the link at the bottom because I would like to quote freely from the piece. It is outstanding. If you have any juice with the group, see if you can get me a reply. I included my email address, which I believe you have as well.
3) Minimum wagers for Pick Six bets are one of those areas where small and large players disagree. The big fellas want the $2 minimum to keep the small fry out, or at least keep them from having the same leverage as the big fish. Personally, I believe fractional wagering should be available for many exotic and multi-race bets.
18 Jul 2008 at 06:47 pm | #
NK,
I think you may have to start reporting on us folks. Once Equidaily published a link to our Mission Statement, things started getting very exciting.
Turns out the author of the piece you liked is a big fan of yours. I’m tickled to have been involved in getting the two of you together.
We also got some very wonderful words of encouragement from another frequent contributor here. I’m not a member of the tech-savvy squad responsible for email correspondence, but they bring it to my attention whenever someone they know I respect shows up.
It’s all very stimulating, and the discussions of horseplayer advocacy on these pages have played no small part in keeping the flame alive. Thanks for the support. I hope we can prove worthy of it.
19 Jul 2008 at 12:43 am | #
Indulto,
Thanks for your help getting DT and I together.
The Record posted the column on its website. If the link below fails to work, go to http://www.troyrecord.com, mouse over sports, then click horse racing.
http://www.troyrecord.com/site/news.asp?brd=1170&pag=460&dept_id=31001
05 Mar 2010 at 08:43 pm | #
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