Oaklawn reduces minimum bets

[jms62]

Originally Posted by NTamm1215

The weather is not conducive to turf racing. They'll never add a turf course.

For everyone predicting $200 Pick 4 payouts at Oaklawn, you've definitely not followed their racing much. They only offer one Pick 4 per day and the races that make up the sequence are often large, competitive fields. The lower minimum will add to their handle (which is often as much as 33% on-track money) and that's a good thing.

Just like it helped Saratoga payouts. Lets have some fun and track their payouts this year and compare vs last year at 1 dollar increments. I will concede that handle may improve in year 1 but my opinion avg payouts will be down and their will be less 1k payouts vs 2k payouts from last year. And no i do not follow oaklawn because i have spent too much time in the past handicapping the card only to have it be cancelled due to bad weather.

[herkhorse]

I love the Oaklawn meet. The Pick 4's will still pay quite well, it's the 50 cent tri's and pick 3's that I could do without. As far as the weather goes, outside of January, it's really a non issue. I believe it's the only racetrack located in a National Park, they are not allowed to put any anti-freezing chemicals on the track. I'm really looking forward to the post Terry Wallace era, and who doesn't love those Arkansas women?

[NTamm1215]

Originally Posted by jms62

Just like it helped Saratoga payouts. Lets have some fun and track their payouts this year and compare vs last year at 1 dollar increments. I will concede that handle may improve in year 1 but my opinion avg payouts will be down and their will be less 1k payouts vs 2k payouts from last year. And no i do not follow oaklawn because i have spent too much time in the past handicapping the card only to have it be cancelled due to bad weather.

I really think this is subjective. Did you compile data on the Pick 4 payoffs at Saratoga this meet? If you look at the Saturday and Sunday late Pick 4s from the start of the meet through the end (minus the cancelled Sunday and the final Sunday where the nightcap was cancelled) you had an average pool of $746,050.75. The average win parlay was $2,907.27 and the average payoff $5,419.92, roughly 186% over.

[Travis Stone]

I have no data to prove anything, but lower minimums, in my opinion, lower payoffs overall in the various pools. It's purely a subjective opinion, and nothing but an observation.

That said, it's cheaper to jump-in, and that's never a bad thing from a marketing perspective. But "lowered minimums" is not a new trend and now it's getting to the point where "higher minimums" is a bad thing.

[Rudeboyelvis]

Every racetrack worth playing has .50 P3 & P4's... I personally don't think the the .50 P3 offers enough value as I usually play that bet for 2.00 on a short ticket if I play it at all. The P4 is a great innovation though and am thrilled when it's available. The 1.00 P6 is smart in that it will increase play, thus increase the carryovers. Curious to see how this works out for them, if successful, I'd imagine you'll see it offered at the more progressive tracks that have the fluidity to adapt to their customer's wants.

On the other side, the Rainbow 6 at GP was a gimmick and didn't last... A fine line to walk, but bettor's usually get it right in deciding what to play and not to play.

[Oaklawnfan]

Wasn't Oaklawn the last track to lower the Classix (Pick Six) down from a $2 minimum?

[ranger5830]

The NYRA tracks and California (Golden Gate and SA/Hollywood/Del Mar) still all have $2 min. pick 6.

[cal828]

Originally Posted by Oaklawnfan

Wasn't Oaklawn the last track to lower the Classix (Pick Six) down from a $2 minimum?

Interesting. I thought that Gulfstream was the only one that had less than a $2 minimum.