Bridge Jumping on Street Sense

[robfla]

with 3 minutes to post Street Sense has an astronomical 546,000 of the 600,000 in the show pool.

[westcoastinvader]

Originally Posted by robfla

with 3 minutes to post Street Sense has an astronomical 546,000 of the 600,000 in the show pool.

In the "sort of" words of the inimitable Barry Manilow...

"Looks Like They (We) Made It."

[SniperSB23]

What happened in the end? Did someone withdraw a big wager or something? I would have been sure based on the figures on the board that it would have been a negative show pool and everyone would have paid out $2.10. Yet that wasn't the case.

[Scav]

It is that net pool pricing Sniper......

[SniperSB23]

Originally Posted by Scav

It is that net pool pricing Sniper......

I must have missed that, I'm not a big bridge jumper. What is net pool pricing?

[philcski]

Originally Posted by SniperSB23

What happened in the end? Did someone withdraw a big wager or something? I would have been sure based on the figures on the board that it would have been a negative show pool and everyone would have paid out $2.10. Yet that wasn't the case.

I had $300k in there but dumped it after i heard NYRA wasn't offering rebates on $2.10 payouts

[Scav]

Originally Posted by SniperSB23

I must have missed that, I'm not a big bridge jumper. What is net pool pricing?

Some new crazy way of figuring out payoffs....

This link is what I have used in the past to explain it

http://www.balmoralpark.com/NetPool.cfm?Cat=R

[Dunbar]

Originally Posted by Scav

Some new crazy way of figuring out payoffs....

This link is what I have used in the past to explain it

http://www.balmoralpark.com/NetPool.cfm?Cat=R

This is a pretty remarkable shift in show payoffs from the old model. DRF says there was a 143K minus pool. Yet CP West and Sightseeing still paid $3.40 and $3.00.

Rob, did you get the final show pool amount on Street Sense? The 546,000/600,000 = 91% is not as high a percentage as I've seen in some minus pools.

--Dunbar

[Slewbopper]

Originally Posted by Dunbar

This is a pretty remarkable shift in show payoffs from the old model. DRF says there was a 143K minus pool. Yet CP West and Sightseeing still paid $3.40 and $3.00.



--Dunbar

That is strange....How could a the place horse pay $3.40 to show and the show horse 3.00 to show with a 143 K minus pool? It has always been automatic for all three horses in the money to pay 2.10 in this situation. Is NYRA trying to lose money?

[robfla]

Originally Posted by Dunbar

Rob, did you get the final show pool amount on Street Sense? The 546,000/600,000 = 91% is not as high a percentage as I've seen in some minus pools.

--Dunbar

I didnt get the final show pool amount, and I think the ones I did get from the NYRA website could be wrong. Maybe the same person who timed the Lawyer Ron race posted the pool amounts on the NYRA website toteboard. I looked today and thing just dont add up

example:

place pool R3

1,378
1,230
8,280
1,303
______
14,356 total

obviously wrong there ..... 3rd race today 17 min to post.. doesnt add up correctly

[NTamm1215]

Originally Posted by robfla

I didnt get the final show pool amount, and I think the ones I did get from the NYRA website could be wrong. Maybe the same person who timed the Lawyer Ron race posted the pool amounts on the NYRA website toteboard. I looked today and thing just dont add up

example:

place pool R3

1,378
1,230
8,280
1,303
______
14,356 total

obviously wrong there ..... 3rd race today 17 min to post.. doesnt add up correctly

That's the gross pool listed as the total. The amount bet on each horse added together equals the net pool.

NT

[SentToStud]

Originally Posted by NTamm1215

That's the gross pool listed as the total. The amount bet on each horse added together equals the net pool.

NT

What's the difference between net and gross pools?

[robfla]

Originally Posted by SentToStud

What's the difference between net and gross pools?

after takeout?? maybe


by the way STS: thanks for the winner at CRC the other day ( rosemary in the "get paid at 1/2 race" )

[SentToStud]

Originally Posted by robfla

after takeout?? maybe


by the way STS: thanks for the winner at CRC the other day ( rosemary in the "get paid at 1/2 race" )

5-1 + wasn't too bad. glad you got some.

[robfla]

yeah, the funny thing .. actually not funny.. but i got nosed for the exacta 2/3... couldnt even see the backstretch due to rain. would have really hit it nice if the 3 got 2nd

thx again

[Swale84]

Steve Christ writes about the show pays in his drf blog
http://cristblog.drf.com/

...the show prices in the Jim Dandy, where C P West paid $3.40 and Sightseeing paid $3.00 despite the victory of Street Sense and a reported minus pool on him. This is a function of the net-pool pricing method that NYRA and many other tracks instituted in the last year. Net-pool pricing is used primarily to accomodate different takeout and breakage rates from simulcast outlets, but has some implications for show prices in general and especially in races with minus pools. According to an explanation found verbatim on several racetrack sites:

"[T]he Net-Pool model distributes the same amount of winnings slightly differently. This is a function of allocating the profits to the different winners based on their NET winnings rather than their GROSS winnings...the net effect, in these cases, is that the favorites will pay a little less, while long shots will pay a little more...Fans will notice that show pools with a heavy favorite that you would expect to return $2.10 for all three runners, may now pay significantly higher on the two non-favorite horses. This is because even though the payout on the favorite is reduced to a number even farther below the minimum $2.10 payout, it still must return $2.10. But the other horses are not participating in the minus pool as they were under the Standard Pricing model."