Del Mar $300+K Pick 6 Payout

[moses]

I guess I was aware of the CAWs but had never really read up on how they operate and seem to be dependent on the rebates that they get from tracks.

The theory on Twitter is that these entities have access to betting information that average gamblers don’t have access to (i.e. combinations that aren’t covered). I don’t think I buy that because they could construct smaller tickets than a $65,000 ticket if they were simply trying to take advantage of that information. If that were true, it would basically kill horse racing, imo.

More than anything, I think it highlights why no one should wager on the jackpot bets unless it’s a mandatory payout. With the CAW pumping in $65,000 wagers on a regular non-payout day, there’s almost no way you’ll have a single ticket winner so you’ll be paying the 30% carryover fee.