10k Breeders' Cup Handicapping Tournament

[NTamm1215]

You thought seats were expensive? The Breeders' Cup will host its inaugural 10k handicapping tournament which will offer 6 seats to the NHC.

http://drf.com/news/article/105492.html

I'm collecting donations now to go and will happily represent DT.

NT

[brockguy]

Is the cost just $2,500 but you need to put up $10,000 to enter? Anywho, you'll need a Euro input.

[-BT-]

Originally Posted by NTamm1215

You thought seats were expensive? The Breeders' Cup will host its inaugural 10k handicapping tournament which will offer 6 seats to the NHC.

http://drf.com/news/article/105492.html

I'm collecting donations now to go and will happily represent DT.

NT

yeah let me get 0.00001% of ya, and i want to have even input in all OUR selections or else its a no go.

just in case you didn't see, it is only limited to the first 100 players, so you should probably get there early to gurantee your spot

-bt-

[DaTruth]

Originally Posted by NTamm1215

You thought seats were expensive? The Breeders' Cup will host its inaugural 10k handicapping tournament which will offer 6 seats to the NHC.

http://drf.com/news/article/105492.html

I'm collecting donations now to go and will happily represent DT.

NT

I'll see if I can make a dent in the $10k. I'm off to look for a CoinStar machine now.

[Sightseek]

Originally Posted by NTamm1215

You thought seats were expensive? The Breeders' Cup will host its inaugural 10k handicapping tournament which will offer 6 seats to the NHC.

http://drf.com/news/article/105492.html

I'm collecting donations now to go and will happily represent DT.

NT

No offense, but I think we'd all rather be represented by the Best Handicapper Evah...


















PG1985.

[letswastemoney]

They are eliminating the chance to really find the best handicapper with that kind of entry fee....

[Dunbar]

Originally Posted by NTamm1215

You thought seats were expensive? The Breeders' Cup will host its inaugural 10k handicapping tournament which will offer 6 seats to the NHC.

http://drf.com/news/article/105492.html

I'm collecting donations now to go and will happily represent DT.

NT

This is a pretty good deal, IMO, especially if you have handicapping skills and understand tournament strategy. (I mean the tournament itself is a good deal, not necessarily backing NTamm!)

They are giving out $15,000 more prize money than the entry fees. (The effective entry fee is $2500. Total entry fee collected is 100 * $2500 = $250,000. Total prize money is $265,000.). This is $150/person for the BC tournament.

Every entrant gets 2 days of tickets to the BC plus free food and drink. How much you value this is a matter of judgement.

The top 6 finishers get a free entry into the January National Handicapping Tournament in Las Vegas. With prize money of $500K and 227 entrants, that tournament appears to offer equity of $2200/entrant, plus they are giving $1000 for travel to Las Vegas. Since 6 spots will come from the BC tournament, that adds $19,200 to the equity of the BC tournament. That's $192/person in additional equity.

So, there is something like $342/person of equity in the tournament, plus the value of 2 days of free BC admissions and free food and drink.

Tournament skill will be more important than handicapping skill in this kind of tournament. You would need to make bets that would put you among the leaders rather than bets you think have the biggest % edge. You would want to know what kind of final bankroll is typically necessary to finish in the top few of a tournament like this, and that would be your target. Even if you are a winning capper, you will probably have to make some negative EV bets to achieve the goal. But the equity should cover much or all of the cost.

If you are a better than average tournament player (and have some capping skill, too) then this is a reasonably attractive tournament, especially if you were considering attending (and betting) the BC anyway.

--Dunbar

[dalakhani]

Are there books are articles any of you seasoned tournament players can recommend to a person like myself that has never played a tournament?

I have always been curious but frankly i have been scared.

[Dunbar]

Originally Posted by dalakhani

Are there books are articles any of you seasoned tournament players can recommend to a person like myself that has never played a tournament?

I have always been curious but frankly i have been scared.

Stanford Wong has an excellent book, "Casino Tournament Strategy". The book covers various kinds of tournaments, and there is a section on horseracing tournaments. Many aspects of tournament strategy are the same whether it's a capping tournament, a blackjack tournament, or a craps tournament.

http://bj21.com/ads/cts1.html.

The bj21.com price is $30 +$5 s&h. You can find used/discounted copies at Amazon.com for as little as $14 +$4. http://www.amazon.com/gp/offer-listi...7689158&sr=1-1

--Dunbar

[JJP]

So the winner has to put up $10,000 to get a measly 15-1 payoff and how about the horrific 5-1 the runnerup gets? Just when you think those in power in horse racing couldn't be any more stupid, they outdo themselves.

[Dunbar]

Originally Posted by JJP

So the winner has to put up $10,000 to get a measly 15-1 payoff and how about the horrific 5-1 the runnerup gets? Just when you think those in power in horse racing couldn't be any more stupid, they outdo themselves.

Yeah, really stupid. They give back 106% of the (effective) entry fees in prize money, offer two days of free Breeder's Cup tickets + free food/drink for every entrant, and toss in 6 chances to make a limited-entry $500K tournament and an extra $1000 for expenses to that tournament. Who's going to fall for a lousy deal like that?!

Look, this tournament is clearly not for everyone. If you are a $10 bettor, forget about it. But if you have good tournament skills, then you have a big edge on the average entrant who will over-emphasize capping and under-emphasize the need to score big. A person with both tournament and capping skills should have a very big edge.

The perfect entrant for this BC tourny would be someone who routinely bets hundreds on exactas and tri's (or more accurately, routinely bets in a way that would produce a profit in the thousands), has excellent tournament skills, can cap well, is willing to go to the Las Vegas tournament if he/she gets a free entry, and wants to see the BC live anyway. The closer anyone is to having those attributes, the better this tournament fits.

--Dunbar

[dalakhani]

Originally Posted by Dunbar

Stanford Wong has an excellent book, "Casino Tournament Strategy". The book covers various kinds of tournaments, and there is a section on horseracing tournaments. Many aspects of tournament strategy are the same whether it's a capping tournament, a blackjack tournament, or a craps tournament.

http://bj21.com/ads/cts1.html.

The bj21.com price is $30 +$5 s&h. You can find used/discounted copies at Amazon.com for as little as $14 +$4. http://www.amazon.com/gp/offer-listi...7689158&sr=1-1

--Dunbar

As always, thanks Dunbar.

You thinking about entering?

[Bobby Fischer]

can anyone hopefully answer the following questions or at worst steer me in the right direction(damn doing my own work...)


1. - Rules on wager Deadlines?? (i.e- 12Noon vs. post time(or a few prior) of each race )

2. - Wager Limits ?? - can i bet my 7.5k (or current bank) ALL IN on a single wager or are there limits/setAmounts of say $500 per race


I did read in the article about the Wager Type restrictions which actually are fairly free (win, place, show, exacta, and trifecta)

[Dunbar]

Originally Posted by dalakhani

As always, thanks Dunbar.

You thinking about entering?

Not seriously. If I was planning on going to the BC, I'd definitely enter the tournament. If I was an expert at tournament play, I'd also consider going, but I'm not. Given those negatives, there are other advantage-play opportunities that I'd rather focus on in the fall.

--Dunbar