Quote:
Originally Posted by philcski
As I stated last time around, I wholeheartedly disagree.
Here's the rationale: would you rather play at a poker table with no rake, but with 9 players of equal high ability? Or at a table with 25% taken out of every pot but 3-4 of the players overbetting losing hands every hand?
Once the carryover reaches the 7 figure mark, the bet has been paying well over the parlay. Yesterday, parlay+50% despite short fields and tough favorites. Today, 3X the parlay. Sunday, 2X the parlay.
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I think I understand a little of both sides of the argument and like philcski believe most of the money wagered has almost no realistic chance of cashing.
Successfully parlaying 6 races is extremely rare with large fields and so many un-raced horses. Too many variables in the sequence for a player to be successful without spending much less then $300.00 in my opinion.
Can someone hit it for a dime –yes but you have better odds hitting the lottery.
Unless your handicapping shows that you are successful 90% of the time of including the winner using three horses or more in each race then you are playing a losing game imo.
Players that are investing $50 to $200.00 per ticket are fooling themselves and have almost no chance of hitting 6 of 6 let alone the big prize.
As long as the vast majorities play this wager for fun and small dollars I think it’s possible to make money on this wager.
The argument Doug puts forth is there are much better ways to win at the races.