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-   -   ny pick 4 today early + pic 3 payouts (http://www.derbytrail.com/forums/showthread.php?t=28237)

dellinger63 03-05-2009 08:23 PM

only the ones that bet today. But he needs to develop a code or audible IMO.

jpops757 03-06-2009 09:49 AM

The only way a win parlay is a true reflection of the pay out is if you make a straight p3 or pk4 bet. Most pk3s and 4s are wheels and every time you hit a win bet the winnings have to be split up between the horses in the next leg. Comparing the payoffs to a win parlay isnot very objective. If you had a winning ticket on any of these races . The true $2 pay out caan be calculated but a straight $2 parlay is not accurate.

blackthroatedwind 03-06-2009 09:51 AM

Quote:

Originally Posted by jpops757
The only way a win parlay is a true reflection of the pay out is if you make a straight p3 or pk4 bet. Most pk3s and 4s are wheels and every time you hit a win bet the winnings have to be split up between the horses in the next leg. Comparing the payoffs to a win parlay isnot very objective. If you had a winning ticket on any of these races . The true $2 pay out caan be calculated but a straight $2 parlay is not accurate.


Ummmm......no.

Scav 03-06-2009 10:02 AM

Quote:

Originally Posted by blackthroatedwind
Ummmm......no.

I am curious, and I am being serious, why not?

When I was at Toga, I was messing around with the win parlay cards and unless I am mistaken, that was exactly how it was done.

blackthroatedwind 03-06-2009 10:08 AM

The only reason the parlay is slightly debatable is that perhaps the amount you wager on a horse could affect the odds. Your spread play plays no role in calculating parlays.

blackthroatedwind 03-06-2009 10:13 AM

By the way, this is directly relevent to yesterday, where a $750 win bet ( roughly the parlay of race 2 through 4 ) would have knocked the 5th winner's odds down 2 or more points.

Of course, in a relatively small pool like yesterday, where there was $15 on the winning combo, it is hardly surprising the payout was short the parlay.

dagolfer33 03-06-2009 10:31 AM

Just let me hit some P3s and P4s.....I'll take my chances on the payouts and not complain. Now if you want to get me pissed, we can talk about the several P4 dead heats and the f'ed up pool splitting thats involved there.

gales0678 03-06-2009 10:31 AM

the payout came back short on the early p4 , it came back less than 50% of the win parlay - all i wanted to do was point it out , i realize the pools are independent of each other , but , this was a big variance yesterday and all players s/b aware of this so they can bet accordingly

it appears as though there are 2 groups of bettors in ny , both have access to the same figures etc, etc , but it's like both of the groups are on different islands , and on one of the islands the bettors can only bet win and on the other they can only bet the pic's

jpops757 03-06-2009 10:51 AM

Quote:

Originally Posted by blackthroatedwind
By the way, this is directly relevent to yesterday, where a $750 win bet ( roughly the parlay of race 2 through 4 ) would have knocked the 5th winner's odds down 2 or more points.

Of course, in a relatively small pool like yesterday, where there was $15 on the winning combo, it is hardly surprising the payout was short the parlay.

The only way this would reflect a parlay is if you had a single in the next race.

blackthroatedwind 03-06-2009 11:04 AM

Quote:

Originally Posted by jpops757
The only way this would reflect a parlay is if you had a single in the next race.


That would be incorrect.

mes5107 03-06-2009 02:27 PM

Say you have a $2 Win ticket on a 5/2 horse. The bet pays $7.00. If you take your bet out of the pool entirely, that horse will still pay $7.00. If you increase your win bet to $10, the horse will still pay $7.00 for every $2 wagered. Your $2 (or $10) bet is really insignificant in the win pool.

Now, lets put that $2 into a pick 4 pool. Say the pool is $10,000 after takeout, and you have the lone winning ticket. Your ticket is worth $10,000 (excluding taxes). If one other person has the winning combination, your win drops to $5,000. 4 winning tickets is $2500 and so on. One extra ticket or one fewer ticket really change things.

The times when these win parlays are more $ than the pick 3 or pick 4 bets are just due to a few more people having the winning combination than there should be. In the win pool, the $2 payout is such a small percentage of the pool. The pick 3, 4, or 6 pools pay out a large percentage of the pool to a small number of people. In statistics, it's called variance.

gales0678 03-06-2009 02:37 PM

Quote:

Originally Posted by mes5107
Say you have a $2 Win ticket on a 5/2 horse. The bet pays $7.00. If you take your bet out of the pool entirely, that horse will still pay $7.00. If you increase your win bet to $10, the horse will still pay $7.00 for every $2 wagered. Your $2 (or $10) bet is really insignificant in the win pool.

Now, lets put that $2 into a pick 4 pool. Say the pool is $10,000 after takeout, and you have the lone winning ticket. Your ticket is worth $10,000 (excluding taxes). If one other person has the winning combination, your win drops to $5,000. 4 winning tickets is $2500 and so on. One extra ticket or one fewer ticket really change things.

The times when these win parlays are more $ than the pick 3 or pick 4 bets are just due to a few more people having the winning combination than there should be. In the win pool, the $2 payout is such a small percentage of the pool. The pick 3, 4, or 6 pools pay out a large percentage of the pool to a small number of people. In statistics, it's called variance.

mes i hear you - so if we take yesterda'ys 5th and before the race goes off we can see the p4 payouts , we notice that the payout with the #2 is less than the payout with the #3 , yet if we look on the boad the #3 is 4/1 and the #2 is 17/1 , shouldn't that discrepency right away alert us that the #2 is very live here because the payout appears to be short in realtion to the win odds? sohuldn't the public have saw this and hammered the #2 to win at 17/1?

mes5107 03-06-2009 02:49 PM

Again, only a few dollars worth of tickets are going to change that number a lot. Maybe somebody has a phone number that ends in 4-2-1-2 and they always bet it, and then 3 other people figure to throw that 2 in as a bomb in case the first three races hit. I would pay more attention to double pools or exactas if you're looking to gain some tote board information. What you're suggesting is that somebody knew something and bet a $4 pick 4 instead of a $1 pick 4. I don't think that's the case. There were only like $14 worth of winning tickets.

gales0678 03-06-2009 02:58 PM

Quote:

Originally Posted by mes5107
Again, only a few dollars worth of tickets are going to change that number a lot. Maybe somebody has a phone number that ends in 4-2-1-2 and they always bet it, and then 3 other people figure to throw that 2 in as a bomb in case the first three races hit. I would pay more attention to double pools or exactas if you're looking to gain some tote board information. What you're suggesting is that somebody knew something and bet a $4 pick 4 instead of a $1 pick 4. I don't think that's the case. There were only like $14 worth of winning tickets.


thx , i will watch thhe DD boards more closley


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