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http://www.drf.com/news/andrew-beyer-wo ... y-all-time
When the horses crossed the finish line in the final race at Louisiana Downs on Saturday, the track announcer exclaimed, "Tsavo is a two-length winner, taking down the Super Pick Five!"
The Super Pick Five is one of the new breed of "jackpot" bets; if a player hits five winners and holds the lone ticket on the winning combination, he collects a big payoff. As the size of the Louisiana Downs jackpot grew into six figures, it attracted national attention, and nobody was more galvanized by Saturday’s events than two men 1,100 miles from the track, in Charles Town, W.Va.
They had shared a wager on the Super Pick Five and watched their picks win the first four races. Then they stared with excitement at the probable payoffs on track’s television feed, which showed that Tsavo, one of their two horses in the finale, would produce a $488,000 payoff. It would be the score of a lifetime for both men.
Instead, the race became something very different for Billy Kennedy and Jimmy Appell.
It's Horse Racing..doesn't matter the state..
It was just a million to one situation. It was an awful situation on a inherintly weird and flawed wager. Why would a company who makes their living offering up gambling try and defraud the public? Especially a big company like Caesars? It doesn't cost them any money to pay out the 488k, it's all players money. It might cost them in subsequent weeks if the carryover would have kept going, but that pales in comparison to what they would lose if they were rigging the games.
I"m not a conspiracy person, then again, I don't live in California
Caesar's has WAY too much money at stake to do something like that (throw a couple of thousand on a horse to make him the favorite). The winner of the last leg was trained by Albert Stall, Jr., who is a highly popular trainer in Louisiana and his horses are often overbet. In the eyes of a few, if that winner had been trained by anyone besides Stall, he would NOT have been the favorite.
The "other" winning ticket was purchased at 8:21 in the morning local time on a self-serve machine at Arlington's on-track OTB location. It most likely was someone taking a flyer on numbers (as very few serious horseplayers would bet then) and might have for instance only put up $1 on the wager and got lucky.
As for Sunday's P6 at Del Mar, I looked at the replays and while it may have been ticky-tack, it was the correct call to DQ the 6 in that situation. No conspiracies there.
Price And Probability
A method DOCUMENTED by the Internal Revenue Service!
A big jackpot brings a lot of attention and handle to the track. People who never bet there are now because of the large jackpot.
A big jackpot brings a lot of attention and handle to the track. People who never bet there are now because of the large jackpot.[/quote]
horse racing is but a blip on the Caesar's radar. Hence why I find it hard to believe they'd risk their reputation as a world wide gambling empire by pool and price fixing at a medium sized track in Louisiana.
Do tracks keep long-term carryovers from these single-winner propositions in interest-bearing accounts?
At today's interest rates, the return would be infinitesimal.
Never pick a fight with people who buy ink by the barrel.
-- Mark Twain
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