WAGER NEWS: .50 NYRA P4; GP .10 P6 dispersal 4/23; HOL adds .50 P5

[richard burch]

is this surprising?

When the track isn't hosting live race meets, the Meadowlands is the nation's highest-volume simulcast betting site.
http://sboanj.com/index.asp?Key=2061

[alphanumeric1]

A fity cent pick 5 at the SPA this summer would be very awesome.

[pointman]

Originally Posted by alphanumeric1

A fity cent pick 5 at the SPA this summer would be very awesome.

I agree with you on this, but it is likely never to happen since the pk6's in NY are second only to California and are big pools. I can't imagine NYRA would institute the pk5 since I doubt they would chance reducing the pk6 pool.

[jms62]

Hollywood is competing against their P6 with a P5... Interesting to see how that will work out.

[pointman]

Originally Posted by jms62

Hollywood is competing against their P6 with a P5... Interesting to see how that will work out.

That is an excellent point, jms, I didn't put that together. I suppose if it doesn't reduce the pk6 pools substantially in California, New York might give it a try. I would really love the opportunity to go after 50 cent pk5's at Saratoga!

[NTamm1215]

It will be interesting to see how it works out at HOL but putting it on the first five races gives them some leverage on 9-10 race cards. On a weekday card you could have a lot of people who are 2-2 in a Pick 5 and decide against playing the Pick 6.

Hopefully they opt against offering a consolation payout. I think that Monmouth did it best by not having a conso. It eats up too much of the pool and the reward for those going 5-5.

If you look at how Keeneland did this year on Blue Grass day vs. 2010 the numbers are as follows:

2010

All-Stakes Pick 4 (Races 6-9): $417,334
2nd Pick 4 (Races 8-11): $298,071
Pick 6 (Races 6-11): $37,239
TOTAL: $752,644

2011

All-Stakes Pick 4 (Races 6-9): $338,426
2nd Pick 4 (Races 7-10): $319,649
Pick 5 (Races 6-10): $180,513
TOTAL: $838,588

Clearly, for a place like Kee where Pick 6 handle was low, the Pick 5 was a great move. At a place where Pick 6 handle is regularly 30k on non-carryover days (NYRA) or closer to 100k (CA) the impact is unknown.

[Scav]

I hate that Hollywood is adding that. California is one of the last places that has a large P6 pool and they are going to eat away at it with this P5 crap.

I love the P5 idea, for tracks without a steady P6 pool.

This is just panic setting in. I really wish that they would argue with the takeout hounds about how they have the lowest takeout in the nation on WPS wagers, I haven't seen them mention it once.