7 days until they drop the bomb at GP

[NTamm1215]

Originally Posted by MISTERGEE

I dont know if it is the best 6 races. I heard it was the 6 largest fields drawn

Best in the context of a Pick 6 is generally (in my opinion) the ones with the largest fields, but I understand your point.

[parsixfarms]

Originally Posted by NTamm1215

Best in the context of a Pick 6 is generally (in my opinion) the ones with the largest fields, but I understand your point.

Doesn't simply utilizing the six races with the largest, most inscrutable fields work to the benefit of the whales - most likely the type of people who have not been playing the wager all along?

[Frost King]

Gulfstream wants the payout to be huge. That way they can say, for 0.20 you won $5M. It is in there best interest to make it as tough as possible to have 2/3 winners of this thing.

[tbonds]

Are they going to payout 5 of 6 as well? Or just to all 6 of 6

[ateamstupid]

Originally Posted by tbonds

Are they going to payout 5 of 6 as well? Or just to all 6 of 6

Only 6 of 6.

[asudevil]

What are we thinking for a final pool? 8, 10, 12M?

[jms62]

Originally Posted by ateamstupid

Only 6 of 6.

Joey.. If Monday no one has 6 of 6 (Unlikely) they will pay 5 of 6 right?

[tector]

Originally Posted by jms62

Joey.. If Monday no one has 6 of 6 (Unlikely) they will pay 5 of 6 right?

That is the definition of a mandatory payout, yes. If only 4 of 6 hit, they'd pay that, too.

[lemoncrush]

Originally Posted by Frost King

Gulfstream wants the payout to be huge. That way they can say, for 0.20 you won $5M. It is in there best interest to make it as tough as possible to have 2/3 winners of this thing.

I think they would want a lot of winners, not just a few, esoecially to turn more people onto the wager next year.
And with a 20 cent increment and at least 4-5 million being bet into it, there will be a lot of winning tickets.

[tanner12oz]

I have a strong feeling that things might not be as they appear come Monday...too much money of the line for greed to not take hold

[blackthroatedwind]

Originally Posted by Frost King

Gulfstream wants the payout to be huge. That way they can say, for 0.20 you won $5M. It is in there best interest to make it as tough as possible to have 2/3 winners of this thing.

Actually, that is the exact opposite of what they want.

It is already quite possible the $6 million sitting in a proverbial shoebox has been damaging churn on a national level. If there were somehow two or three winners, a virtually impossible occurrence, it would be very bad for handle going further.

I hope reasonably short prices win every race and we can get the money back into the hands of players.

[casp0555]

Originally Posted by blackthroatedwind

Actually, that is the exact opposite of what they want.

It is already quite possible the $6 million sitting in a proverbial shoebox has been damaging churn on a national level. If there were somehow two or three winners, a virtually impossible occurrence, it would be very bad for handle going further.

I hope reasonably short prices win every race and we can get the money back into the hands of players.

well stated.....

[Travis Stone]

Originally Posted by blackthroatedwind

Actually, that is the exact opposite of what they want.

It is already quite possible the $6 million sitting in a proverbial shoebox has been damaging churn on a national level. If there were somehow two or three winners, a virtually impossible occurrence, it would be very bad for handle going further.

I hope reasonably short prices win every race and we can get the money back into the hands of players.

Exactly... the impact of this bet and Gulfstream's signal popularity as a result has had a significant trickle down effect felt by many.

[Frost King]

If Gulfstream wanted as many winners as possible, then they would card a couple of gimme races in the sequence to insure that result. By offering horseman extra money to FILL the fields, they are doing the exact opposite. They are making it harder, to increase the handle, and insure the BIG PAYOFF for a couple of dimes. The fact, that they have sucked the money out of the system, and possibly hurt other circuits, is not their concern. Just like any businessman that says competition is healthy, is liar. You want to drive your competition out of your area, so that you are the only seller of your widgets. Therefore, you set the rules of pricing.

[tector]

Is there anything preventing other tracks from offer a similar bet? Certainly any of the major players could do it.

GP primes the pump on this wager during the core of their winter meet, and now has been able to carry it forward an extra 8 weeks or so. Good for them, and tough crap for loser tracks that can't (or increasing in the case of CDI tracks, won't) compete.

[lemoncrush]

Originally Posted by Frost King

If Gulfstream wanted as many winners as possible, then they would card a couple of gimme races in the sequence to insure that result. By offering horseman extra money to FILL the fields, they are doing the exact opposite. They are making it harder, to increase the handle, and insure the BIG PAYOFF for a couple of dimes. The fact, that they have sucked the money out of the system, and possibly hurt other circuits, is not their concern. Just like any businessman that says competition is healthy, is liar. You want to drive your competition out of your area, so that you are the only seller of your widgets. Therefore, you set the rules of pricing.

I don't disagree, but making the sequence of races tough is done to force people to throw more money (and create bigger priced tickets) rather than just hoping that only a few hit it. Getting more money back in more horseplayers pockets is good for their bottom line too, hoping many will put at least a portion of that back into the races at GP (might be wishful thinking based on their limited schedule and quality of races until their meet ends in late June).