NYRA Late Pick 5

[Indian Charlie]

Originally Posted by ateamstupid

It's baffling that people will choose a $.50 minimum bet with 15% takeout over a $2 minimum bet with an extra multiplier at 16-24% rake?

I am admittedly ignorant on this, but has this type of disparity existed for decades?

[ateamstupid]

Originally Posted by Indian Charlie

I am admittedly ignorant on this, but has this type of disparity existed for decades?

No, but the Pick 6 has taken its biggest hit in New York since the Pick 5 was introduced. As to why it still does well in California, even now that they have the value-sucking jackpot structure, I can't answer that.

[MaTH716]

Coming back July 4th, but for NYRA account holders only. I just don't understand the logic. Why refuse money that would go into that pool? Some bettors (i.e. Jersey) have no choice on ADW's, we're stuck with the TVG/NJ Bets platform. This new idea just seems foolish and short sighted.

[jnunan4759]

Not sure that is a good idea. See that they are trying to get ADW clients, which is fine, but approaching it from an exclusionary basis might likely cause resentment.

The whole purpose of parimutuel betting is inclusion, not exclusion. If you want to offer incentives, rewards or rebates to your ADW customers, fine. I don't think it sends a good message to create an exclusive pool.

I can't be a NYRABets customer where I live, so I'm out.

[Benny]

Originally Posted by jnunan4759

Not sure that is a good idea. See that they are trying to get ADW clients, which is fine, but approaching it from an exclusionary basis might likely cause resentment.

The whole purpose of parimutuel betting is inclusion, not exclusion. If you want to offer incentives, rewards or rebates to your ADW customers, fine. I don't think it sends a good message to create an exclusive pool.

I can't be a NYRABets customer where I live, so I'm out.

Ditto - agree on all. Let them retire the Grand Slam bet !
https://www.nyra.com/belmont/news/ex...aunches-july-4

[ateamstupid]

I'm dumbfounded. This is what they come back with?

[jms62]

37 K handle yesterday vs. 319 K in Early P5. Will anyone admit to this bet with its restrictions being a really bad idea.

[taxicab]

Here's how it shook out at the OTB yesterday:
The punters saw the P-5 advertised on the Belmont feed,they wanted to play into the bet..........they couldn't.
When the OTB management explained to them exactly why they couldn't play the P-5........it didn't go over well.
It probably wasn't such a great idea to hit heavy with the P-5 advertising on the NY signal,and then not allow most of the betting public to play it.
Just saying.

[freddymo]

Originally Posted by taxicab

Here's how it shook out at the OTB yesterday:
The punters saw the P-5 advertised on the Belmont feed,they wanted to play into the bet..........they couldn't.
When the OTB management explained to them exactly why they couldn't play the P-5........it didn't go over well.
It probably wasn't such a great idea to hit heavy with the P-5 advertising on the NY signal,and then not allow most of the betting public to play it.
Just saying.

Wasn't that the point? You keep people standing outside a nightclub and they just have to get in. You tell them if they use a Platinum AMEX they get certain privileges. You tell them they need to bet thru NYRA Bets to have access to this exclusive wager, they watch they get pissed they would have hit the pik 5 and sign up. Mind you NYRA does offer a very good rewards platform.

Like you I am uncertain if it pans out but I cant blame them for trying something