DT Contest - Week 1

[Dunbar]

Some nice scores, but as a whole, we are doing worse than the track take. I get that there have been 192 picks in the contest for a total of $6 * 192 = $1152 in bets. We've (and in my case I use "we've" very loosely) collected a total of $921.90, which is a 20% rate of loss.

--Dunbar

[rontheman1964]

Dunbar, depends on how you look at the numbers. Of 70 entrants 22 of them are above the $18.00 break even point. That is over 31% of the crowd that is making money at the track. Not sure where you play but I bet 31% of the crowd doesn't make money.

[Dunbar]

Originally Posted by rontheman1964

Dunbar, depends on how you look at the numbers. Of 70 entrants 22 of them are above the $18.00 break even point. That is over 31% of the crowd that is making money at the track. Not sure where you play but I bet 31% of the crowd doesn't make money.

Well, it's way too early to draw any conclusions. I only posted the 20% fig because I thought it was mildly interesting. I'll keep tabs on that stat as the contest progresses.

Your way of looking at it is interesting, especially if a sizable number are still ahead at the end of the Contest. But if the Group above breakeven is truly more than what would happen at a typical track, the group BELOW breakeven must be doing far worse than your typical track bettors. Otherwise the combined fig (-20%) wouldn't be so bad.

Again, at this point it's too soon to get excited one way or another.

--Dunbar

[PPerfectfan]

All I know is I am glad I am not last!!!!!

[hi_im_god]

Originally Posted by Dunbar

Well, it's way too early to draw any conclusions. I only posted the 20% fig because I thought it was mildly interesting. I'll keep tabs on that stat as the contest progresses.

Your way of looking at it is interesting, especially if a sizable number are still ahead at the end of the Contest. But if the Group above breakeven is truly more than what would happen at a typical track, the group BELOW breakeven must be doing far worse than your typical track bettors. Otherwise the combined fig (-20%) wouldn't be so bad.

Again, at this point it's too soon to get excited one way or another.

--Dunbar

did you take into account all the "no bets"?

and the fact that'd i'd never, ever bet across the board in real life.

if i had made 3 actual bets, my return would be -$6.00, not +$0.40.

[Dunbar]

Originally Posted by hi_im_god

did you take into account all the "no bets"?

and the fact that'd i'd never, ever bet across the board in real life.

if i had made 3 actual bets, my return would be -$6.00, not +$0.40.

Yes, I counted the "no bets" correctly.

AngelSita's picks would change the DT return from -20.0% to -19.5%. (194 picks; $936.50 in winning tickets on bets of $1164.

--Dunbar