NYRA Late Pick 5

[ateamstupid]

Originally Posted by Indian Charlie

I am admittedly ignorant on this, but has this type of disparity existed for decades?

No, but the Pick 6 has taken its biggest hit in New York since the Pick 5 was introduced. As to why it still does well in California, even now that they have the value-sucking jackpot structure, I can't answer that.

[MaTH716]

Coming back July 4th, but for NYRA account holders only. I just don't understand the logic. Why refuse money that would go into that pool? Some bettors (i.e. Jersey) have no choice on ADW's, we're stuck with the TVG/NJ Bets platform. This new idea just seems foolish and short sighted.

[jnunan4759]

Not sure that is a good idea. See that they are trying to get ADW clients, which is fine, but approaching it from an exclusionary basis might likely cause resentment.

The whole purpose of parimutuel betting is inclusion, not exclusion. If you want to offer incentives, rewards or rebates to your ADW customers, fine. I don't think it sends a good message to create an exclusive pool.

I can't be a NYRABets customer where I live, so I'm out.

[Benny]

Originally Posted by jnunan4759

Not sure that is a good idea. See that they are trying to get ADW clients, which is fine, but approaching it from an exclusionary basis might likely cause resentment.

The whole purpose of parimutuel betting is inclusion, not exclusion. If you want to offer incentives, rewards or rebates to your ADW customers, fine. I don't think it sends a good message to create an exclusive pool.

I can't be a NYRABets customer where I live, so I'm out.

Ditto - agree on all. Let them retire the Grand Slam bet !
https://www.nyra.com/belmont/news/ex...aunches-july-4

[ateamstupid]

I'm dumbfounded. This is what they come back with?

[jms62]

37 K handle yesterday vs. 319 K in Early P5. Will anyone admit to this bet with its restrictions being a really bad idea.

[Alabama Stakes]

Originally Posted by jms62

37 K handle yesterday vs. 319 K in Early P5. Will anyone admit to this bet with its restrictions being a really bad idea.

The next time NYra admits they were wrong will be the first time. There's a first time for everything though. People don't like to be forced to do things. Forcing people to join NYRA bets to play the late pick 5 is one way to make them never join.


I'm still waiting for the "I was wrong about Zenyatta" and "I was wrong about Songbird" from the NYRA know it all. (Alliteration)

[taxicab]

Originally Posted by jms62

37 K handle yesterday vs. 319 K in Early P5. Will anyone admit to this bet with its restrictions being a really bad idea.

It's a really bad idea.....

[freddymo]

Originally Posted by jms62

37 K handle yesterday vs. 319 K in Early P5. Will anyone admit to this bet with its restrictions being a really bad idea.

Don't you have to give them a chance to promote the exclusivity of the wager? Can't most people sign up for NYRA Bets? The issue is California and NJ cant those are big markets

[taxicab]

Here's how it shook out at the OTB yesterday:
The punters saw the P-5 advertised on the Belmont feed,they wanted to play into the bet..........they couldn't.
When the OTB management explained to them exactly why they couldn't play the P-5........it didn't go over well.
It probably wasn't such a great idea to hit heavy with the P-5 advertising on the NY signal,and then not allow most of the betting public to play it.
Just saying.

[freddymo]

Originally Posted by taxicab

Here's how it shook out at the OTB yesterday:
The punters saw the P-5 advertised on the Belmont feed,they wanted to play into the bet..........they couldn't.
When the OTB management explained to them exactly why they couldn't play the P-5........it didn't go over well.
It probably wasn't such a great idea to hit heavy with the P-5 advertising on the NY signal,and then not allow most of the betting public to play it.
Just saying.

Wasn't that the point? You keep people standing outside a nightclub and they just have to get in. You tell them if they use a Platinum AMEX they get certain privileges. You tell them they need to bet thru NYRA Bets to have access to this exclusive wager, they watch they get pissed they would have hit the pik 5 and sign up. Mind you NYRA does offer a very good rewards platform.

Like you I am uncertain if it pans out but I cant blame them for trying something

[taxicab]

Originally Posted by freddymo

Wasn't that the point? You keep people standing outside a nightclub and they just have to get in. You tell them if they use a Platinum AMEX they get certain privileges. You tell them they need to bet thru NYRA Bets to have access to this exclusive wager, they watch they get pissed they would have hit the pik 5 and sign up. Mind you NYRA does offer a very good rewards platform.

Like you I am uncertain if it pans out but I cant blame them for trying something

Here's the hook Freddy,a majority of the people at OTB's/race tracks don't play via ADW's.
They are pretty much a cash through the machines lot(for various reasons).
Truthfully I was a bit surprised at the interest shown in the bet yesterday.
I suppose the fact that Belmont had the high quality card had a lot to do with it.......apparently people really love the P-4/5.
I'm only guessing here,but I imagine the bettors just took their P-5 money and shipped it to GP/MTH/WOOD etc. when they couldn't play the wager they wanted.
In terms of the other ADW's, I would guess the players weren't pleased about being denied the chance to play the bet.
I'm thinking the NYRA left a lot of money on the table,and probably didn't score a whole lot of points with some of their more loyal bettors.