BEL Pk 5, Opening Day Pool...

[Immanuel Kant]

as per the tweet of @DRFGrening

The inaugural pick-5 pool a robust $238,514

[tanner12oz]

like everything else in racing i haven't seen this promoted very well....pools will get better as people see the juicy 15% payoffs....

[10 pnt move up]

and it was all chalk and still paid more than the parlay

Way more than the parlay, by my figures. $390 for $1 vs. about $155.

[ateamstupid]

Originally Posted by Ocala Mike

Way more than the parlay, by my figures. $390 for $1 vs. about $155.

Yep, by direct comparison, the early Pick 4 with 25% rake paid $34.50 for $.50 while the Pick 5 paid $195 with a 5-2 winner in the 1st leg. Very good value.

[10 pnt move up]

Originally Posted by Ocala Mike

Way more than the parlay, by my figures. $390 for $1 vs. about $155.

but the payoffs are depressed..........its almost impossible to not beat the parlay with a 15% take.

Exactly; another way of looking at it is that a P/5 with a single 15% rake is like a 3% rake on each of 5 races. Compare that to the 17% takeout (or whatever it is) on the 5 individual races, and it would, indeed, be rare for a parlay to ever beat the P/5 payout.

[jms62]

Originally Posted by 10 pnt move up

but the payoffs are depressed..........its almost impossible to not beat the parlay with a 15% take.

Can you really compare to the parlay when you are NOT playing a single in every leg? If the parlay is $100 bucks and the P4 pays $200 but you spent $25-$50 bucks to get the $200 are you still happy that you beat the parlay? Did you really beat the parlay when you spent 50-100 times the cost of the parlay base? Using that logic then do the math if you actually parlayed that $25 bucks and calculate the ROI. This mythical comparison vs the Parlay is something I cannot and will not ever understand. To each his own. Good luck today.

[blackthroatedwind]

Originally Posted by jms62

Can you really compare to the parlay when you are NOT playing a single in every leg? If the parlay is $100 bucks and the P4 pays $200 but you spent $25-$50 bucks to get the $200 are you still happy that you beat the parlay? Did you really beat the parlay when you spent 50-100 times the cost of the parlay base? Using that logic then do the math if you actually parlayed that $25 bucks and calculate the ROI. This mythical comparison vs the Parlay is something I cannot and will not ever understand. To each his own. Good luck today.

One has nothing to do with the other.

[Port Conway Lane]

Originally Posted by jms62

Can you really compare to the parlay when you are NOT playing a single in every leg? If the parlay is $100 bucks and the P4 pays $200 but you spent $25-$50 bucks to get the $200 are you still happy that you beat the parlay? Did you really beat the parlay when you spent 50-100 times the cost of the parlay base? Using that logic then do the math if you actually parlayed that $25 bucks and calculate the ROI. This mythical comparison vs the Parlay is something I cannot and will not ever understand. To each his own. Good luck today.

To understand the "parlay" comparison to a p-5 payoff
one needs to understand that a p-5 is nothing more than
dutch betting and parlaying.
Once a player chooses his/her sequence, the amount the sequence costs
must be divided into the number of horses chosen in the first leg.
(please excuse the fractional amounts as they are only used for accuracy).
casp
$0.5 Pick-5
# 1,5,7 .....winner paid 7.40
WT # 7,8 ....winner paid 7.10
WT # 1 ......winner paid 2.90
WT # 3,5,6 ..winner paid 5.80
WT # 3,5,7,9 winner paid 5.60
$36.00
1. casp invested $36 in his p-5. In the first
leg he used three horses.36/3=$12 to win on
each horse.
6x7.40=$44.4
2. He now has $44.4 going into the second
leg in which he chose two horses.
44.4/2=$22.2 to win on each horse
in the second leg.
11.1x7.10=$78.81
3. He now has $78.81 going into the third
leg where he singled the #1. $78.81 to win on #1.
39.405x2.90=$114.2745
4. casp now has $114.2745 divided into the three
horses he chose in the fourth leg.
$114.2745/3=$38.0915 to win on each horse in leg 4.
19.04575x5.80=$110.46535
5. Four horses were used in the final leg and casp
has $110.46535 to divide among those four.
$100.48/4=$27.6163375 to win on each horse.
13.80816875x5.6=$77.325745
Remarkably(not really and it works for anyone's winning sequence)
the amount of money casp holds in his hand after parlaying his $36
is equal to a $.50 parlay singling the winning horse in each leg.
The only difference is, a person who correctly chose each winning horse
only invested $.50.
I hope this helps.