15% rake NYRA P5 officially starts Saturday
 

Mutuels Dept. exec Pat Mahoney confirms 15% rake P5 era begins Saturday, Opening Day at Belmont! 5 of 5 splits pool. No consos. Net pool carryovers if no winners.. Races 1-5 daily.

Should be a huge hit..

Can't wait. This is a big step in the right direction for NY racing.

Will they still offer an early pick 4?

I can't answer officially, but when we discussed the Pick-5 we had planned to.

Excellent

Terrific move. As is the Thursday P4 cross promotion with Penn National should both be great.

Yes.. Mahoney confirms early P4 continues starting with R2..

Outstanding. Glad to hear.

Any word as to whether Trakus will be installed for the Belmont meet?

Yes, it will be.

Cool, then we can have some more fun with timing discussions!

David Grening ‏@DRFGrening 51m: While Trakus will be unveiled at the Belmont meet, it will not be up and running opening day. Expect week of 9-25, maybe week earlier.

What's the timeframe for Trakus
data actually be made available in a usable format? No real use as it's presently presented

agree that this a great step forward for NY racing, but the placement of the pick5 i could do without

not giving too much consideration to those on the left coast who would have to start their day even earlier to take part in this wager, just saying

-bt-

I agree with you on the placement of the pk5. I think it would be a much bigger hit if it were the last 5 races of the day.

With great respect to my NYRA friends.....ABOUT TIME!!! It's really been a fun wagering opportunity in CA.

Also, Happy & Healthy New Year (5774) to the DT "tribe's folk."

So they'll basically just have to do what west coast NFL fans have been doing for decades? If it were the last five races instead, people would complain about it cannibalizing the Pick 6. A really good wagering opportunity is worth getting up early for IMO.

Agree better quality races and including stakes races/graded stakes in the sequence would be huge.

If you're NYRA, you have to have it on the 1st-5th. Having it on the last five races will hurt PK 6 handle and will hurt late PK 4 handle. The first five races are lower handling races that will benefit from people who looked at them for PK 5 purposes.

Early PK 4 handle is good, but not at the level of the late PK 4, especially on weekends.

As far as it being early in the day, I think people will find a way to deal with the atrocity of having to gamble before noon.

watching and handicapping are two very different things.
i can watch football at 9-10AM
Having to get up at 9-10AM get scratches/changes etc. etc. etc. and then formulate a strategy/opinion to invest in this pool isn't gonna be a thrilling idea for those out left who want to participate.

I understand why they're doing it, i get that it will eat away at the PK6 which is huge in NY. Aside from Del Mar, can you name another circuit who offers a pk5 on race 1, better yet, a circuit on the east coast who offers one?
I'd be interested to see how this affects the early pk4. And now, do you give more consideration as to where to place certain races ie: 5K, MSW, SMSW now that this wager is apart of your daily card?

-bt-

I assume most people handicap the night before, how much time does one need before the races to get the scratches and enter in the bet?

I get the arguments for having the pk5 early in the day, but I am not sure it is so cut and dry as that. BT makes some excellent points. If you are like me, someone who works five days a week and rarely gets to handicap much of the card before the races start, it will be a challenge for me to have the first five races handicapped to be in position to make the wager. Most days I am in a better position to play multi's on the later races because I have been able to handicap the rest of the card between the early races.

I have a hard time believing it will canibalize the pk6 pool in particular. To me the pk6 player is a completely different animal than the pk5 or pk4 player and I find it hard to believe that putting a pk5 in a race after the pk6 would put much of a dent in the pk6 pool. Sure, the pk4 pool will take somewhat of a hit, but many people will play both pools, especially if you are knocked out in the first leg or if you are going narrower in the pk5 and want to have more coverage with more spread in the pk4.

Then there is the issue of Aqueduct in the winter and sometimes at Belmont where you have small fields in the early races or fields with first time starters or the races they don't want in the pk6 which will get stuck in the pk5 making the bet less attractive.

I think there is higher handle in the later races in NY for two reasons, first you have more people who ignore the earlier races and get involved in the later races because they are typically better betting races and higer quality fields, as JMS says, more stakes races, i.e. quality fields, which attract higher pools. Second, they are getting a lot more money from the West Coast.

IMO the bet should be where the best action on it will be, in the later races.

You say "aside from Del Mar", but SoCal is the only other circuit that handles the kind of Pick 6/late Pick 4 money that NY does. Comparing NY pools to anything but SoCal is apples and oranges.

The time thing is a minor inconvenience for a terrific wagering opportunity. If you really want to get down to it, having races during the day on weekdays is in itself an inconvenience for people with 9-5 jobs, having races at night is an inconvenience for people with kids, etc. and players adapt.

:tro:

I don't have hard data on this, but I'm pretty certain that in CA, the late pick 4 has become a direct beneficiary of the players pick 5. Putting Del Mar aside, where the pick 4 is always huge (and there's only 1 per day), it seemed as if both Hollywood's and SA's pools have been larger over the past year. The late pick 4 benefits by:

1. Those people that hit the pick 5, feel confident, and want to take a stab at the pick 4. In most instances the pick 6 would have already commenced.

2. Those that may have gone 4 for 5, are pissed, and out for revenge in the pick four. Let's not all believe that everyone has terrific discipline with regards to money management.

I'm curious to see if this holds true at NYRA.

This is right. The churn effect is one of the reasons early Pick 4's caught on.

Yes, and on those days, it probably gives the pick 4 even more churn.

my point was no track, small or large, that i know of, offers a pk5 to start off their card (excluding del mar of course), if that's NYRA's angle, great, go for it, you're the only track that offers it. These are the races where people generally sit on the sideline and get a feel how the track is playing, and maybe jump into the pk4 that starts in race 2. Now, what about how new york tracks are notorious for carding MSW MC races early in the card, is that going to change?
To me, the idea of having multiple maiden and claiming races in a pick 5 doesn't appeal to me. When i'm looking at investing in a pick 5 it's usually with higher class stock of horses.

totally get the churn point you're making, people will definitely chase if they get knocked out in race one.

I'm not an every day/weekend new york track player, but when i do play them, i think in the past 15 years i might have played the first race of the day there less than 10 times, for multiple reasons, but that's just me

-bt-

The P5 is R1-5 at all the So. Cal circuit tracks (HOL/SA), not just DMR.

You can be assured that the NYRA racing office will do the best they can to make the sequence attractive as possible quality-wise.

I like the early start, the low takeout, and the low minimum bet. Not normally a horizontal bettor, but will have to get into this.

Best thing is you will have will-pay information on 40% of the bet, not just
1/6th. Early DD action ould be a huge leg up on the P5.