Might the Pick 6 actually HURT Handle?

[Vince P]

Something just popped into my itty-bitty brain while perusing all the P6 threads.

Do you think the Pick 6 actually sabotages betting handle?

For example, when there is a carryover such as at Gulfstream recently or even a large one in SoCal, do you think many bettors use a larger percentage of their available gambling funds chasing the P6? And when they lose - after all only a tiny percentage hit it, they have less funds available for other races and ultimately minimize their churn and handle?

And of course those who hit the P6 and win the majority of the handle aren't likely to re-invest those winnings anytime real soon.

So in a strange way, my theory is that the P6 really doesn't help racing as much as we're led to believe. Obviously, as a marketing tool, it increases awareness of that specific racetrack and possibly wagering in some other races there.

Imo, there may be better ways to increase handle through churn, than the P6

Am I wrong?

Vince P

[Andymays]

Something just popped into my itty-bitty brain while perusing all the P6 threads.

Do you think the Pick 6 actually sabotages betting handle?

For example, when there is a carryover such as at Gulfstream recently or even a large one in SoCal, do you think many bettors use a larger percentage of their available gambling funds chasing the P6? And when they lose - after all only a tiny percentage hit it, they have less funds available for other races and ultimately minimize their churn and handle?

And of course those who hit the P6 and win the majority of the handle aren't likely to re-invest those winnings anytime real soon.

So in a strange way, my theory is that the P6 really doesn't help racing as much as we're led to believe. Obviously, as a marketing tool, it increases awareness of that specific racetrack and possibly wagering in some other races there.

Imo, there may be better ways to increase handle through churn, than the P6

Am I wrong?

Vince P

You're probably right. The thing is that it sells when there is the "illusion" of big money in the Gulf P6. And they get to send out an email every day about it.

[Andyc]

With a bet such as the Rainbow 6, I think it absolutely hurts handle. It all depends on the type of bettor that is attracted to the bet. Big players have enough bankroll to play whatever bet fits their parameters. Small players need to budget and by choosing low-churn high take-out bets it can't help handle.

[Andymays]

With a bet such as the Rainbow 6, I think it absolutely hurts handle. It all depends on the type of bettor that is attracted to the bet. Big players have enough bankroll to play whatever bet fits their parameters. Small players need to budget and by choosing low-churn high take-out bets it can't help handle.

A guy like you can do that but the average gambler/horseplayer can't beat the "Vice" part of the gambling issue. They can't help themselves.