twin spires players pool

[pweizer]

There is a reason they don't post any ROI information whenever a new pool opens up. This is the sucker bet of sucker bets. I fully understand the pool from the Twin Spires perspective as they get a nice chunk of the money back since it is bet through them and they don't put any money up. For them, they can't lose.

I also get that it can be fun to follow along in a pick six for just a few dollars for a casual player. But, there is no question that it is a losing proposition for anyone who puts money into this venture.

Paul

[hoovesupsideyourhead]

Originally Posted by pweizer

There is a reason they don't post any ROI information whenever a new pool opens up. This is the sucker bet of sucker bets. I fully understand the pool from the Twin Spires perspective as they get a nice chunk of the money back since it is bet through them and they don't put any money up. For them, they can't lose.

I also get that it can be fun to follow along in a pick six for just a few dollars for a casual player. But, there is no question that it is a losing proposition for anyone who puts money into this venture.

Paul

yes paul I get that they make money putting it through the adw..but im sure if you or I or any of 10 guys on here would have been alive to all in the last leg with 50k to play with..

[mnmark]

So there were two winners. If the players pool had hit it there would have been three winners. The payoff would have been around 300k so 6-1 on there 50K risk. best case scenerio was 18-1 if they had the lone winning ticket

[pweizer]

Originally Posted by mnmark

So there were two winners. If the players pool had hit it there would have been three winners. The payoff would have been around 300k so 6-1 on there 50K risk. best case scenerio was 18-1 if they had the lone winning ticket

Also keep in mind that this 6-1 comes with a tax form as well since the total payout would have been over the threshold. Most times, even when they hit, people lose money because the return was less than the investment. Then you get the double whammy of losing money and still getting a tax form.

Of course, none of this matters, because, as Hooves pointed out, even with 50k to play with, they didn't go deep enough in the most wide open race in the sequence.

Paul