Quote:
Originally Posted by Alabama Stakes
If it was open to all, the handle on it would have been 300K instead of $45K in my opinion. It’s a failed experiment. Let everyone bet it.
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While I know this will bother some folks here on the board, the NYRA Bets Late Pick 5 is the PERFECT counter-play (counter-argument meaning "player friendly") to the crazy Rainbow 6 (single winning ticket) bets that are taking money out of the churn at so many racetracks.
NYRA is keeping their players on the inside of this bet, controlling their own pool (and with it, the full takeout), and is redistributing winnings to folks inside their own wagering network. This develops further churn and cultivates players.
Without seeing (what I will call) the re-churn figures, we cannot be sure of the replay rates.
One thing for sure is that if big players from off-the-NYRA circuit play and cash, that would leave to a cash drain (similar to a Rainbow 6) for local players. The NYRA Bets Late Pick 5 is the exact opposite.