Author Topic: betting question  (Read 280 times)

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talkstohisself

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betting question
« on: Today at 12:11:05 PM »
 more  tracks are raising the minimum bet on certain  wagers like WPS,exacta  and some of the  multi leg stuff what do you other players  think?

Sweet

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Re: betting question
« Reply #1 on: Today at 12:15:39 PM »
more  tracks are raising the minimum bet on certain  wagers like WPS,exacta  and some of the  multi leg stuff what do you other players  think?

The $5 minimum mutual wager at Kentucky Downs is adorable  ngc3

More importantly are these tracks self sustaining and at profit without casino and or subsidy, and does this move work?

Raise minimums, those that are bothered go elsewhere. Like the tracks could afford to lose 1 penny of business....fucki ng clown car filled with retards ngc3

Bitter Truth

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Re: betting question
« Reply #2 on: Today at 12:28:56 PM »
Makes no sense to me. If they want to bet any amount, they can, but if you raise it to levels that some
can't/won't = loss of potential handle. Like the $5 late doubles. $3 late p3. One again if people want to
bet that or more , they can. By setting those higher minimums they run off potential betters. Like you said
Sweet, they are in no position to turn away bets. Of course , that's IF they actually care.

gurals casino

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Re: betting question
« Reply #3 on: Today at 12:30:01 PM »
more  tracks are raising the minimum bet on certain  wagers like WPS,exacta  and some of the  multi leg stuff what do you other players  think?

the higher the minimum-the higher the median payoff due to the dime players would be reluctant to play so many combinations if the min was higher

unlike the casino industry which makes a large percentage of profits off penny slot players---the tracks don't make much off these dime and 20 cent players-so they are trying to encourage them to bet more

i firmly believe the min should be at least $1 on every pool to eliminate the dreamers and the ALL players-or make them put their big boy pants on and play those combinations for a dollar

jmo




Lockedin with Pace

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Re: betting question
« Reply #4 on: Today at 12:38:22 PM »
the higher the minimum-the higher the median payoff due to the dime players would be reluctant to play so many combinations if the min was higher

unlike the casino industry which makes a large percentage of profits off penny slot players---the tracks don't make much off these dime and 20 cent players-so they are trying to encourage them to bet more

i firmly believe the min should be at least $1 on every pool to eliminate the dreamers and the ALL players-or make them put their big boy pants on and play those combinations for a dollar

jmo


Only problem with the $1 minimum, it would cause some bettors to eliminate some horses in the Pick 4 or Pick 5 because the ticket would be too expensive unless you have a big bankroll. I rarely play superfectas, and once again a $1 minimum would change my wager to a trifecta instead.

Sweet

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Re: betting question
« Reply #5 on: Today at 12:42:28 PM »
Makes no sense to me. If they want to bet any amount, they can, but if you raise it to levels that some
can't/won't = loss of potential handle. Like the $5 late doubles. $3 late p3. One again if people want to
bet that or more , they can. By setting those higher minimums they run off potential betters. Like you said
Sweet, they are in no position to turn away bets. Of course , that's IF they actually care.

Good point, those specialty wager and West Coast late DD, p3, p4...don't forget and definitely win, because a high base multi-combo will make your account balance shrink like dick on ice  ngc3

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Re: betting question
« Reply #6 on: Today at 12:47:04 PM »

Only problem with the $1 minimum, it would cause some bettors to eliminate some horses in the Pick 4 or Pick 5 because the ticket would be too expensive unless you have a big bankroll. I rarely play superfectas, and once again a $1 minimum would change my wager to a trifecta instead.

my counter to that mindset is that those who prefer not to play a more expensive ticket is to go elsewhere and gamble

maybe church bingo or play penny slots with their casino members card and sit and wait to accumulate enough wager rewards points for a discount at the buffet

there is a reason the superfecta on The Kentucky Derby is $1

allowing a 10 cent or 20 cent min isn't fair to the players who take it seriously and just don't blindly wheel or box a hundred combinations

again jmo

Calhoun

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Re: betting question
« Reply #7 on: Today at 12:51:08 PM »
Lower minimums reduce payoffs relative to a $1 or $2 base.

Especially Superfectas.

Lower minimums do one other thing for bettors ... bankroll preservation.

If you want to just cash tickets, you'll favor lower minimums.

Lockedin with Pace

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Re: betting question
« Reply #8 on: Today at 12:55:19 PM »
my counter to that mindset is that those who prefer not to play a more expensive ticket is to go elsewhere and gamble

maybe church bingo or play penny slots with their casino members card and sit and wait to accumulate enough wager rewards points for a discount at the buffet

there is a reason the superfecta on The Kentucky Derby is $1

allowing a 10 cent or 20 cent min isn't fair to the players who take it seriously and just don't blindly wheel or box a hundred combinations

again jmo

Is there anything fair when it comes to gambling?
If it's the track you prefer to play why would or should I go elsewhere. People only have so much money to gamble with and tracks should cater to everybody not just certain people. I think it's only an experiment anyway and wonder what kind of feedback they're getting. It all comes down to then size of someone's bankroll and how serious of a gambler they are.
« Last Edit: Today at 12:58:05 PM by Lockedin with Pace »

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Re: betting question
« Reply #9 on: Today at 12:59:57 PM »

If it's the track you prefer to play why would or should I go elsewhere. People only have so much money to gamble with and tracks should cater to everybody not just certain people. I think it's only an experiment anyway and wonder what kind of feedback they're getting.

 those people need to bring a bigger bankroll or play leess combinations

it is similar to walking into a casino to play blackjack and then get flabbergasted when they find the lowest min table is $25

if catering to everyone is paramount-then why not make all wagers a penny?

Lockedin with Pace

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Re: betting question
« Reply #10 on: Today at 01:04:04 PM »
those people need to bring a bigger bankroll or play leess combinations

it is similar to walking into a casino to play blackjack and then get flabbergasted when they find the lowest min table is $25

if catering to everyone is paramount-then why not make all wagers a penny?


I'm not a casino person and find it laughable some casinos have penny slots.
Once again, size of bankroll and cost of wager can cause you to miss hitting a nice ticket because you had to eliminate some horses you might have used if the minimum was lower. JMO

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Re: betting question
« Reply #11 on: Today at 01:18:09 PM »

I'm not a casino person and find it laughable some casinos have penny slots.
Once again, size of bankroll and cost of wager can cause you to miss hitting a nice ticket because you had to eliminate some horses you might have used if the minimum was lower. JMO

agree

calling it a "penny" slot provides an optical illusion that they are betting less--even though those slots have like 100 paylines and you can play for much more than 1 cent

same as the superfecta dreamers--calling it a dime super makes them feel they are betting less even though they are playing a ton of numpers

Brown jug

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Re: betting question
« Reply #12 on: Today at 01:19:28 PM »
get rid of the $.10 /$.20 wagers completely which would hopefully create more carryovers
just do something like this

min wager on ex, tri , pick 3, dd is $1.00
min wager on pick 4 is $.50
min wager on supers,  high 5 , pick 5(and higher) is $.20

its a start

Lockedin with Pace

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Re: betting question
« Reply #13 on: Today at 01:24:18 PM »
get rid of the $.10 /$.20 wagers completely which would hopefully create more carryovers
just do something like this

min wager on ex, tri , pick 3, dd is $1.00
min wager on pick 4 is $.50
min wager on supers,  high 5 , pick 5(and higher) is $.20

its a start


Obviously the 10 and 20 cent wagers cater to the smaller bettor who likes to spread out their combinations, which in most cases eliminates the potential for a high payoff but it keeps them in action.

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Re: betting question
« Reply #14 on: Today at 01:29:41 PM »

Obviously the 10 and 20 cent wagers cater to the smaller bettor who likes to spread out their combinations, which in most cases eliminates the potential for a high payoff but it keeps them in action.

stagger the take out rates

if you play for 10 or 20 cents-have the takeout 30-40%

if you play for $1 or more-have the take out at 20% or less

the dreamers must bet into a larger takeout-much like the penny slot player who has no idea of what a takeout is

 

shout out

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