NYRA Late P5; Belmont debut Saturday (9/24)
 

Took in nearly a million bucks and to me looks like a HUGE success. I think especially on weekends with the Graded stakes action this bet will continue to be a huge success for them if they choose to continue it. Now if they will only revert the Pick 4 back to a buck so a 4 digit Pick 4 for is the rule rather than the exception.

:tro:

i hope keeneland picks up on this

I'd also do away with the $2 Pick 6 and replace it with a .20 Rainbow 6. For Saratoga I d seed that at a millon bucks and buy some insurance until that is covered.

Keeneland already has it don't they?

Maybe make the triple a buck again too. Triples pay nothing since they went to half a buck. Make the super a half a buck. Let the bingo players go play bingo . Surprised it took them this long to go late pick 5, but it should be here to stay

I used to play Supers on all Derby preps 3x6x6x6 ticket. Time was I'd hit 3 or 4 and be out for the meet. Stopped a couple years back as I could no longer be profitable due to the extra coverage people are getting at a dime and the payouts shrinking. I think these lower entry points are driving whales from the game. Seems people are still betting the same amount and getting double the coverage pushing prices down well below half of what they used to be. I plan on researching this over the winter.

.20 cent super's and high fives.

$1 minimum pick 3, 4, 5, and 6

$2 minimum exacta's and trifectas for tracks that typically run 5-8 horse fields.

But all of this is just wishful thinking. The decision makers in this sport are similar in habits with sea turtles.

not 2 in one day

I really hope they keep this bet at Belmont. I am surprised they waited this long to do it, I doubt highly it will cannibalize the pk6 or pk4.

I think they would only have a late pk5 on cards of 10 or more races. I don't think they would want to overlap the last leg of the early pk5 with the first leg of the late pk5.

Why not ? What's the diff ? Isn't the pick 4 part of the pick 5 in Cali ?

No

When they run 8 , how do they do it ?

They overlap it with the 5th race in both.

NYRA runs the pk5 and pk4 in the early races. I haven't looked at the numbers but haven't heard any complaints that it ruins the early pk4.

I still think they could do it on 9 race card once but I would prefer it late and I think they would increase overall handle if they did it that way.

only

Monmouth started the 2nd p5,as well as the1stp5 years ago. They ought to makea 4/5 conso payoff too ; to make more churn for smaller guys.
f
I also liked the choose p6 years ago for $1 where you could choose which races,lasted 1 year

I stand corrected Alabama

This is a very interesting topic. I don't believe it matters much when the overlap occurs with a last leg/first leg. I am going to check out average pool sizes for the last pick 3 of the day. You would think that if a longshot comes in on the first leg of the late P4, it should drive the late P3 pool up. I would also think the same at GP and KEE that if a longshot comes in 1st leg of P5, it would drive up the P4 pool. Vice versa, if an 8/5 comes in 1st leg of P4, will that tamp down the late P3 pool? Same with an 8/5 in a P5, will that affect the P4 pool? If I was carding races at a late P5 and P4 track, I would card the most difficult handicapping race 1st leg of P5. At only a late P4 track, same thing with the 1st leg. Wouldn't that drive up handle for those late wagers when 75% are out in leg one?

Any word on whether or not this is under cosideration for Belmont?

As Grening reported, definitely being looked at and feels like a certainty. But there's no timetable for implementation.

Yes,(starting with race 2)with the exception of DMR..........and DMR is costing themselves handle by not adding an early P-4 to the wagering menu.

Tracks go with .50 Min's on P-3/4's because that's what the public wants.......as a result of the lower min's the handle on the Multi's goes up......so that's good for the track also.
It's a tax break for the player also if the payoff stays under $600 via a .50 score{no IRS window visit}.

Those are bailout numbers. Staggering when put into detail.

Are the opinions in your post and the one before it mutually exclusive? Handle on multi-race bets is increasing, especially the Pick 4 and Pick 5, even in the midst of a handle decline. Of course, those bets were not offered en masse in the late 90s and early 00s when handle surged.

Personally, until I see real data, I can't get a handle on what lower minimums have done to payouts. I do know that it allows sophisticated bettors additional opportunities at more coverage, and does invite people who otherwise would not to get into the pools. The tax ramifications are also positive, so there's plenty to like.

If you isolate Derby weekend, the super goes to a $1 minimum, and I find it almost unplayable at that price point. That's just a personal opinion, which I think most of these are until someone produces actual research.

You are right it is my personal opinion but that opinion is based upon what I am seeing here on the Picks thread. I don't see anyone that is profitable playing strictly P4's. I see people betting the same amount of money they played at $1 price point and hitting at a much higher percentage but the payouts seem way lower. I'd love to see some research myself but I don't think it will happen. When did Saratoga institute .50 P4's? I'll do some informal.

While I think 80% of the bets on the picks thread anymore are not real amounts being wagered the real bettors are getting more coverage using a $.50 bet thus more winning tickets. I personally only play pick 4s once in a while when I think there is value using a $.50 bet. I try to keep ticket $50 or under. Seeing $500 tickets to me is crazy on a pick 4. I'm still of the belief the doubles give you the most bang for your buck.

Surely there are some former triple bettors out there... I get the tax thing, but the triple at haff a buck makes it unplayable. When you hit one, you gotta get paid,and you don't anymore. Dime supers are a joke .wouldnt haff a buck there be a happy medium ? At least the pick 3 being a buck makes it ok to play. Make the double a deuce like the real,old days. A $5 min exacta one race a day would be awesome too in the last race

They aren't maximums....they're minimums.

Enough with all this minimum talk, when is the late Pick 5 coming to the rest of the NYRA calendar?

:tro:

my guess- belmont super sats, when at least 10 races, and '17 spa season ;)

Late P5 starts Saturday and on other cards with 10 or more..

It's a start, I guess.

Wish they would use their social media to poll their followers on preference of early or late pick 5.

I'd be astounded if the late pick 5 didn't have the majority of votes.