NYRA Late Pick 5

[Kasept]

P4/P5 this year: $1,455,000, P4 alone last year: $1,399,000.

Nobody took their money and stormed off.

[taxicab]

Originally Posted by Kasept

P4/P5 this year: $1,455,000, P4 alone last year: $1,399,000.

Nobody took their money and stormed off.

Pretzel Logic.
Here's why:
If Yesterday's P-5 from Belmont was open to everybody throughout North America(all race tracks/OTB/ADW's) the handle on that bet alone would of cracked 2 million minimum.......maybe 3 million.
Now add that number in with the P-4 and there you have it.
And where do you think the money the bettors wanted to bet on the P-5 but couldn't went ?
I think it's a safe guess to say that it was spent on wagers that 95% of the public could actually make.

[Kasept]

Originally Posted by taxicab

Pretzel Logic.
Here's why:
If Yesterday's P-5 from Belmont was open to everybody throughout North America(all race tracks/OTB/ADW's) the handle on that bet alone would of cracked 2 million minimum.......maybe 3 million.
Now add that number in with the P-4 and there you have it.
And where do you think the money the bettors wanted to bet on the P-5 but couldn't went ?
I think it's a safe guess to say that it was spent on wagers that 95% of the public could actually make.

You said everyone took their money to other venues. They didn't. The potential of the wager to an unrestricted audience is a different discussion. That wasn't the discussion you initiated, so take your bait and switch tactics elsewhere..

[Kasept]

[NTamm1215]

Originally Posted by Kasept

This is one of the best things I've ever seen.

[taxicab]

Originally Posted by Kasept

You said everyone took their money to other venues. They didn't. The potential of the wager to an unrestricted audience is a different discussion. That wasn't the discussion you initiated, so take your bait and switch tactics elsewhere..

Of course they took their money where they could bet it......that's why they're at the track.......to bet their money.......they couldn't bet their money on the P-5 yesterday........the betting public was unhappy,they didn't like it.
It's that simple.
And I didn't bait and switch anything,I'm just pointing out how the betting public reacts to a restricted wager..........in this case it's the restricted NYRA P-5.

[jms62]

Now that we are chomping at the bit when they open this up to everyone for Saratoga meet it will be a huge hit.

[ScottJ]

Originally Posted by taxicab

Of course they took their money where they could bet it......that's why they're at the track.......to bet their money.......they couldn't bet their money on the P-5 yesterday........the betting public was unhappy,they didn't like it.
It's that simple.
And I didn't bait and switch anything,I'm just pointing out how the betting public reacts to a restricted wager..........in this case it's the restricted NYRA P-5.

If NYRA decided that the Late Pick 5 was an open pool across the board at Saratoga, the wagering dollars would flow and this discussion would be soon forgotten.

Instead, the test is being done during the closing two weeks to see whether NYRA's control of the pool - and possibly increasing the reach of NYRABets in the pre-Saratoga weeks at Belmont - could be a BUILDING strategy.

You might not realize it, but NYRA's decision is bold, opposite the trend, and looks to protect the wagering business.

[ScottJ]

Much of this discussion has been focused on the Late Pick-5 betting aspects and the feeling from many players that they are being excluded from this wager.

Ask yourself a couple of really basic questions.

[1] Do you think that NYRA staff does not understand that opening the Late Pick-5 pool would increase the handle? (Answer : Of course they know this. So, there must be a reason WHY they are willing for forego the short-term handle increase.)

[2] Do you think that the timing of the current NYRA-Bets only Pick-5 during the closing fortnight at Belmont is an accident with Saratoga opening on July 21st? (Answer : Of course this is not an accident, but a well-constructed experiment.)

[saratogadew]

Originally Posted by taxicab

Of course they took their money where they could bet it......that's why they're at the track.......to bet their money.......they couldn't bet their money on the P-5 yesterday........the betting public was unhappy,they didn't like it.
It's that simple.
And I didn't bait and switch anything,I'm just pointing out how the betting public reacts to a restricted wager..........in this case it's the restricted NYRA P-5.

I can only speak for myself. I am a Pick 5 player. I will be "on track" at the Spa about 10-12 times this summer. I will not be playing the late Pick 5 at all. If the bet was open to everyone, I would play it 100%. I will take that money and play the Del Mar Pick 5.

[taxicab]

Originally Posted by saratogadew

I can only speak for myself. I am a Pick 5 player. I will be "on track" at the Spa about 10-12 times this summer. I will not be playing the late Pick 5 at all. If the bet was open to everyone, I would play it 100%. I will take that money and play the Del Mar Pick 5.

True horseplayer.

[NTamm1215]

Unless you equally follow both circuits and aren't just typically gambling, why would you pass on a low takeout wager with a smaller pool that offers a huge incentive should you be the lone ticket? Both wagers are going to pay significantly more than the parlay and when you're at the track, you are now able to play.

Passing on that is not being a true horseplayer. It's being truly myopic.

[blackthroatedwind]

Originally Posted by taxicab

Pretzel Logic.
Here's why:
If Yesterday's P-5 from Belmont was open to everybody throughout North America(all race tracks/OTB/ADW's) the handle on that bet alone would of cracked 2 million minimum.......maybe 3 million.

This is hilariously wrong.