NYRA Late Pick 5

[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.

[taxicab]

Originally Posted by 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.

Well....
I think Saratogadew made it quite clear in his post.
He said: "If the bet was open to everyone,I would play it 100%".
That is a player taking a stand,voicing his opinion with his bankroll.........a true horseplayer.

[freddymo]

Originally Posted by taxicab

Well....
I think Saratogadew made it quite clear in his post.
He said: "If the bet was open to everyone,I would play it 100%".
That is a player taking a stand,voicing his opinion with his bankroll.........a true horseplayer.

I guess this is like aperson not investing in oil company stocks because their products harm the environment.

People have to realize there is little to no growth in the sport and each concern cannibalizes each other for market share. I see NYRA having the best opportunity to do this. Best product, Best technology(apps etc), Reasonable TO(yes it could be lower), Certainly best Media, stable management, stable slot deal(sort of) ...Once Pa, NY and lastly Ca are states available its game set match

[saratogadew]

Originally Posted by freddymo

I guess this is like aperson not investing in oil company stocks because their products harm the environment.

People have to realize there is little to no growth in the sport and each concern cannibalizes each other for market share. I see NYRA having the best opportunity to do this. Best product, Best technology(apps etc), Reasonable TO(yes it could be lower), Certainly best Media, stable management, stable slot deal(sort of) ...Once Pa, NY and lastly Ca are states available its game set match

Stronach Group might have a differing opinion of "game set match". NYRA has the power now. It shifts in December to Stronach. Do we really want separate bets at Gulfstream and Santa Anita for "on track" and Xpressbet account holders? All horseplayers are should be treated equally! Too much divisiveness in the world already

[saratogadew]

Originally Posted by 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.

That logic would have me betting the late Pick 5 at Laurel with a 12% takeout and 10K pool.
Look, I just think it's a bad precedent that's all. I don't begrudge NYRA for trying to reel in as many account holders as they can. Down the road I don't want to see individual locked bets across many wagering platforms.

[declansharbor]

Originally Posted by 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.

While I see your point, exactly how many times during the Saratoga meet do you envision/project there being a lone winning ticket? (serious question)

Personally, I too would rather take a swing at Del Mar's P5 pool where guys like Declansharbor and others would be able to add their dead money to the wager without restrictions, rather than make a bet into a pool that is limited ( incentive or no incentive for scooping the whole pool ).

[robfla]

Originally Posted by declansharbor

While I see your point, exactly how many times during the Saratoga meet do you envision/project there being a lone winning ticket? (serious question)

.

The $100,000 guaranteed payout for a sole winner is available only to NYRA Bets members through the end of July.

[Alabama Stakes]

Isn't this kind of like the Nyra mafia in action. Don't they gave equal protection laws against this type of exclusivity ?