Monmouth handle & attendance

[philcski]

Originally Posted by blackthroatedwind

How much do you know about betting that you are trying to fool us into thinking 50% of the action is in the win pool?

25% is fair....at best. Suddenly a $40 bet drops the price as much as 60 cents.

But, you have to realize this isn't the entire point. The other part of the point is that the betting crowd isn't sophisticated, which leads to relative overlays, so while in theory you can say this would make it easier to make money, there are still two problems here. One, as was already stated, even minor bets significantly change the prices....and two, the paper ROI is rendered meaningless by both the first reason and the second that there is no sophisticated money in the pools. Both factors that inflate the paper ROI would significantly deflate it in the real world.

The win pool is only 25% of the MUTUEL pool? At what track?!? And you're calling ME out on this??? 50% is probably conservative at a track like PID where the place and show pools are nonexistent! Here is the chart for the last race at PID: http://drf.com/drfPDFChartRacesIndex...=20100703&RN=8

"Sophisticated money" has no bearing on the analysis. The money in the pools is what it is. Where it comes from, either in location or knowledge, is irrelevant once the gates open and the prices are finalized.

[blackthroatedwind]

Originally Posted by philcski

The win pool is only 25% of the MUTUEL pool? At what track?!? And you're calling ME out on this??? 50% is probably conservative at a track like PID where the place and show pools are nonexistent! Here is the chart for the last race at PID: http://drf.com/drfPDFChartRacesIndex...=20100703&RN=8

"Sophisticated money" has no bearing on the analysis. The money in the pools is what it is. Where it comes from, either in location or knowledge, is irrelevant once the gates open and the prices are finalized.

Our WPS are 33%...which makes 25% a generous estimate. I will look into what they are at smaller tracks. Perhaps you are right but I'm dubious.

However, the second paragraph just shows you aren't thinking this through.

[blackthroatedwind]

It's not a real life example, per se, and this is a very " real life " game.

[The Indomitable DrugS]

Did anyone notice all the brilliantly sophisticated money in the pool for the 10th at Churchill Downs yesterday?

Those razor sharpies made Mine That Bird a 5/2 favorite in a 14 horse field... off a layoff and on turf.

What's crazy about PID .. is how much the Euro's seem to love it. On Betfair, I've seen extremely shockingly high liquidty on both sides of each horse - for each horse in the race... in certain races where form is established.

[philcski]

Originally Posted by blackthroatedwind

Our WPS are 33%...which makes 25% a generous estimate. I will look into what they are at smaller tracks. Perhaps you are right but I'm dubious.

However, the second paragraph just shows you aren't thinking this through.

You are not following what I'm saying.

The MUTUEL pool total, the number I quoted, is the sum of WPS- you are thinking of a percentage of TOTAL handle (which as you stated at NYRA and most other places is about 33% of total handle). WPS wagering % of the MUTUEL pool is not distributed 33% Win, 33% Place, 33% Show. It's much closer to 50% Win, 25% Place, 25% Show (if not a higher bias towards Win in smaller jurisdictions) barring a bridgejumper getting involved.

My point stands that a $40 bet does not impact the pool materially enough to move a +20% ROI to negative.

If I'm not thinking this through enough... explain to me how "sophisticated money" has any bearing on a finalized pool with final prices. If higher quality bettors starting punting PID, yes it likely be tougher to win there. But they aren't, and they won't be. And that's assuming that everybody that bets PID is a complete moron who can barely read a form.

[The Indomitable DrugS]

July 1st:

Last race at Hollywood Park - field of 11 maidens

WPS pool: 134K
Exacta pool: 68K
Tri Pool: 61K

Last race Presque Isle - field of 9 maidens

WPS pool: 41K
Exacta pool: 32K
Tri Pool: 25K

PID dropped Sunday to run Tuesdays .. because they get totally lost in the shuffle on the weekends. While sh!tty, they aren't exactly handling like a dog track or harness track.

[philcski]

Originally Posted by The Indomitable DrugS

Did anyone notice all the brilliantly sophisticated money in the pool for the 10th at Churchill Downs yesterday?

Those razor sharpies made Mine That Bird a 5/2 favorite in a 14 horse field... off a layoff and on turf.

What's crazy about PID .. is how much the Euro's seem to love it. On Betfair, I've seen extremely shockingly high liquidty on both sides of each horse - for each horse in the race... in certain races where form is established.

Originally Posted by The Indomitable DrugS

July 1st:

Last race at Hollywood Park - field of 11 maidens

WPS pool: 134K
Exacta pool: 68K
Tri Pool: 61K

Last race Presque Isle - field of 9 maidens

WPS pool: 41K
Exacta pool: 32K
Tri Pool: 25K

PID dropped Sunday to run Tuesdays .. because they get totally lost in the shuffle on the weekends. While sh!tty, they aren't exactly handling like a dog track or harness track.

Stop making sense.

[The Indomitable DrugS]

Originally Posted by philcski

Stop making sense.

I don't disagree with them about this being the wrong place for serious money either ... in fact, I totally agree ... this place is a total sh!t sandwhich if it isn't for the fact that track biases continue on for extended periods of time and don't get addressed... and aren't exactly being as identified and expolited by bettors as they might be somewhere else.

However - for people to think that it's like so much easier to show a paper profit at small tracks ... that's total nonsense. It's laughable.

try handicapping 500 straight races at Pinnacle - try a thousand at Fairmount Park .. try 750 at River Downs ... I would be pumped to bet against myself or anyone else at even money.

Git back on ur jug and let the slicksters tell u the news.

[the_fat_man]

Originally Posted by The Indomitable DrugS

Did anyone notice all the brilliantly sophisticated money in the pool for the 10th at Churchill Downs yesterday?

Those razor sharpies made Mine That Bird a 5/2 favorite in a 14 horse field... off a layoff and on turf.

How is this relevant to picking the winner of the race?

[The Indomitable DrugS]

Originally Posted by the_fat_man

How is this relevant to picking the winner of the race?

I want to hear more about how you're tearing it up and setting the world on fire at MTH.

[the_fat_man]

Originally Posted by The Indomitable DrugS

I want to hear more about how you're tearing it up and setting the world on fire at MTH.

So you're not restricting yourself to gloating and stating the obvious?

[The Indomitable DrugS]

Originally Posted by the_fat_man

So you're not restricting yourself to gloating and stating the obvious?

Those posts about my penis have long since been deleated.

Let's get back to how you're tearing it up and setting the world on fire at MTH.

What's been your big edge?

Originally Posted by The Indomitable DrugS

What's been your big edge?

Living in a big city?

[philcski]

Originally Posted by The Indomitable DrugS

Those posts about my penis have long since been deleated.

Let's get back to how you're tearing it up and setting the world on fire at MTH.

What's been your big edge?

http://www.derbytrail.com/forums/sho...5&postcount=28

[blackthroatedwind]

Originally Posted by philcski

You are not following what I'm saying.

The MUTUEL pool total, the number I quoted, is the sum of WPS- you are thinking of a percentage of TOTAL handle (which as you stated at NYRA and most other places is about 33% of total handle). WPS wagering % of the MUTUEL pool is not distributed 33% Win, 33% Place, 33% Show. It's much closer to 50% Win, 25% Place, 25% Show (if not a higher bias towards Win in smaller jurisdictions) barring a bridgejumper getting involved.

My point stands that a $40 bet does not impact the pool materially enough to move a +20% ROI to negative.

If I'm not thinking this through enough... explain to me how "sophisticated money" has any bearing on a finalized pool with final prices. If higher quality bettors starting punting PID, yes it likely be tougher to win there. But they aren't, and they won't be. And that's assuming that everybody that bets PID is a complete moron who can barely read a form.

I'm now officially confused....are you saying there was $14K in the WPS? If that's the case, of course over 50% ( could be 70 even ) is in the win pool. In that case I misunderstood.

As for you refusing to think through an example on paper and a real time example, which is what I am talking about, I don't know how to help you any further. You are stuck on adamantly defending a position that isn't being discussed. This pool is NOT efficient....that is the point. And, yes, you can still bet tens and 20s and not significantly change that, but good luck making money with that strategy. The only way you can make real money, yes...even over time, is if there is enough money in the pool to profit acceptably over time. For that to happen, there will be more sophisticated money in the pool, which forgetting about making your " job " harder, will significantly lower the imaginary ROI we are discussing.

[the_fat_man]

Originally Posted by philcski

http://www.derbytrail.com/forums/sho...5&postcount=28

It's ironic that I'm kicking ass at a track that I didn't plan on playing because I'm just against speed biased surfaces. While the main track hasn't been as consistently biased as past years, there are still days where the speed just hasn't come back. It is what it is.

[The Indomitable DrugS]

The only thing cooler than reading Light from Pace Advantage with BTW's login is reading TFM's take on how biased tracks are a good thing for bettors to avoid.

The Internet will never not be cool.

[the_fat_man]

Originally Posted by The Indomitable DrugS

The only thing cooler than reading Light from Pace Advantage with BTW's login is reading TFM's take on how biased tracks are a good thing for bettors to avoid.

The Internet will never not be cool.

If you look around this board, or PA or Paceandcap, you'll find a whole bunch of evidence that my opinion is about as strong as anyone's. YET, it's like you're in the know and you compare me to an idiot I could out-handicap in my dreams. Which pretty much captures the ethos of what happens here (and elsewhere).

The problem with betting biased tracks as opposed to fair tracks is you need to do extra work to identify the bias. Sometimes this involves nothing more than looking at the day's charts. Others, it takes quite a bit of work. The point, however, is that someone who, basically, takes 5 minutes, if that much, to handicap a race really doesn't have the time to be investigating biases. Thus, I prefer fair tracks. I'm crushing MTH and I'm dong very well at DEL. So I can play biases with the best of them. It's just that I'd prefer not to. The reason I include these tracks is because they're really the only alternatives and I need about 10 tracks to play over the course of a given week.

[The Indomitable DrugS]

Originally Posted by the_fat_man

If you look around this board, or PA or Paceandcap, you'll find a whole bunch of evidence that my opinion is about as strong as anyone's.

Hey Chubby,

You do realize that BindTortureWound posts here right?


To make a statement even suggesting that he isn't by far the greatest to ever live at every single facet of the game ever known - it is a brazen display of disrespect.


You gloated at the very start of this thread....

Originally Posted by the_fat_man

This just in:

For the present MTH meet:

29 plays, 41% win %, +137% ROI. (more than DOUBLE my money).

Everyone knows that if BindTortureWound was seriously handicapping Monmouth his win perentage would be 82% and ROI would be +272%. (more than QUADRUPLE his money)


Know your roll chubby ... and just like with everyone else, your roll is to bask in the glory of the presence of the greatest.

Mods at boards all over (except the lady at DMTC I suppose) bow down to his every last request ... and so should you if you know what's good for you.