MEADOWLANDS TRYING ANOTHER OF MY IDEAS, ABOUT TIME

[Wawajones]

Not very familiar with concept of pool seeding.  Does this mean the gambler is now betting against the “house” as well as other gamblers?  Will a computer be betting the $25,000 for the Big M or will Shades, Little, and Brewer be controlling the seed money being bet?  I am not sure this is a great idea.  Has this been used elsewhere in parimutuel betting?

[SAW]

Not very familiar with concept of pool seeding.  Does this mean the gambler is now betting against the “house” as well as other gamblers?  Will a computer be betting the $25,000 for the Big M or will Shades, Little, and Brewer be controlling the seed money being bet?  I am not sure this is a great idea.  Has this been used elsewhere in parimutuel betting?

Serious or sarcastic? but ill answer.
Its basically acting as a 25K carryover, no wagering, its  a good thing!

[Wawajones]

I was reading that pool seeding is often done to stabilize the pools, cover unbet combinations, balance any other big wagers and that the bets were made by handicappers or computers.

[SAW]

I was reading that pool seeding is often done to stabilize the pools, cover unbet combinations, balance any other big wagers and that the bets were made by handicappers or computers.

In this instance, its acting just like a carryover from last night, last Saturday they had a carryover of 46K that led to a total pool of 360K.

Last night the pool was only 68K, tonight they are guaranteeing a 100K pool with the carryover, I'm guessing tonight it will be around 150K+??

Its a good bet for the players, because it effectively negates the 15% track takeout!   
They are trying to get more people to wager

[pocketrocketwinner]

I see lots of industry people refer to these situations as  eating the takeout. Reducing the takeout is a more appropriate way to decorate the wager. In 99% of these situations, the takeout is not nullified by the carry/seed money. Saying the takeout is negated is disingenuous BS.

[SAW]

I see lots of industry people refer to these situations as  eating the takeout. Reducing the takeout is a more appropriate way to decorate the wager. In 99% of these situations, the takeout is not nullified by the carry/seed money. Saying the takeout is negated is disingenuous BS.

If the pool of new money is less than less than $166,600 it negates 15% the takeout...... No B.S.

If the pool of new money was $200,000 the effective takeout would be 2.5% reducing the 15%

[PIGLAND]

If the pool of new money is less than less than $166,600 it negates 15% the takeout...... No B.S.

If the pool of new money was $200,000 the effective takeout would be 2.5% reducing the 15%

agree

[pocketrocketwinner]

If the pool of new money is less than less than $166,600 it negates 15% the takeout...... No B.S.

If the pool of new money was $200,000 the effective takeout would be 2.5% reducing the 15%

Did the carryover last weekend negate the takeout?

[SAW]

Did the carryover last weekend negate the takeout?

For all intensive purposes Yes, I believe takeout was about 1/10th of 1 percent.

I believe these numbers are correct, so here goes......

New money was $314,217 - 15% takeout of $47,132....... adding in the carryover of $46,731..... for a total paid out to bettors of $313,816 a negative difference of $401.

[Racing Troll]

YEA , TWAT HE SAID
For all intents and purposes is a phrase meaning "essentially" or "in effect." It is often mistaken as for all intensive purposes because when spoken aloud these two phrases sound very similar. These mistakes, where incorrect words and phrases are replaced but the meaning remains the same, are known as eggcorns

[stanetelman]

How about a free live stream on the website? 

[Bernie Madoff]

For all intensive purposes Yes, I believe takeout was about 1/10th of 1 percent.

I believe these numbers are correct, so here goes......

New money was $314,217 - 15% takeout of $47,132....... adding in the carryover of $46,731..... for a total paid out to bettors of $313,816 a negative difference of $401.

Intensive purposes ?