How I would change the Rainbow 6

[Andyc]

Maintain the present unfair format until the carryover gets to $1,000,000. After that, lower the take-out to 15% and lower the carryover percentage to 10% of the gross pot. That change should bring in more players because the payoff for six would be far more fair but it would maintain the ability to grow the pot.

[Kermit]

Maintain the present unfair format until the carryover gets to $1,000,000. After that, lower the take-out to 15% and lower the carryover percentage to 10% of the gross pot. That change should bring in more players because the payoff for six would be far more fair but it would maintain the ability to grow the pot.

Seems fair and workable, and with a little negotiating room built in.

[Andymays]

Maintain the present unfair format until the carryover gets to $1,000,000. After that, lower the take-out to 15% and lower the carryover percentage to 10% of the gross pot. That change should bring in more players because the payoff for six would be far more fair but it would maintain the ability to grow the pot.

I doubt that they can change the takeout and the terms quickly especially in Florida. It took over a year to correct the late surface switch thing cause it had to go through the legislature. The tote companies would make them pay big bucks for the programming changes necessary if it were implemented.

[Andyc]

Maintain the present unfair format until the carryover gets to $1,000,000. After that, lower the take-out to 15% and lower the carryover percentage to 10% of the gross pot. That change should bring in more players because the payoff for six would be far more fair but it would maintain the ability to grow the pot.

I doubt that they can change the takeout and the terms quickly especially in Florida. It took over a year to correct the late surface switch thing cause it had to go through the legislature. The tote companies would make them pay big bucks for the programming changes necessary if it were implemented.

I doubt that any changes could be implemented for this meet but other tracks considering such a bet might want to take note. As for the tote companies, I doubt that such a change would require a whole lot of reprogramming.

[Andymays]

I doubt that they can change the takeout and the terms quickly especially in Florida.

Florida is the one state that leaves the takeout to be determined by each individual track.

Not sure about that. I think they could move it one point one way or the other at their discretion.

[Andymays]

I doubt that they can change the takeout and the terms quickly especially in Florida. It took over a year to correct the late surface switch thing cause it had to go through the legislature. The tote companies would make them pay big bucks for the programming changes necessary if it were implemented.

I doubt that any changes could be implemented for this meet but other tracks considering such a bet might want to take note. As for the tote companies, I doubt that such a change would require a whole lot of reprogramming.

There are three different tote companies and all have to be compatible with anything that's done from what I know. I was very surprised to learn how expensive it is to do certain things.

[Andymays]

Here it is Andy be sure about it. http://horseworlddata.com/pmtrcks.html

This is old information. Well over 2 years old.

This is much more accurate and informative;

http://www.horseplayersassociation.org/ ... e2012.html


You may be right on the rules in Florida. I'm not 100% sure about what they can and can't do.

[Andymays]

I'm pretty sure they can do 1% adjustments from year to year without approval.

A

http://www.paulickreport.com/news/ray-s ... r-takeout/

I asked Berube if he’d seen a recent article written by a Maryland horseplayer, Lenny Moon, in his blog entitled equinometry.com. Moon examined handle on Tampa Bay’s pick 4 wager during the month of February over several years and suggested that a 1% drop in takeout in 2009-10 and another 1% drop in 2010-11 led to enormous increases in wagering: the daily average in February went up 29% from 2008-09 to 2009-10 and 53% from 2009-10 to 2010-11, according to Moon.

Berube said he’d read the article but didn’t remember the details. When I reminded him what they were, Berube threw some lukewarm water on Moon’s conclusions.

“It’s so hard to quantify when you reduce takeout,” Berube said. “There are many factors when analyzing handle: weather, field size, competition, and changes from year to year.”

Berube provided pick 4 numbers for the entire meet over the same three years. In 2008-09, the total pick 4 handle was $3.6 million; in 2009-10, it increased to $7.5 million; and in 2010-11 to a total of $11 million after an early pick 4 was added as a bookend to the late pick 4.

Berube said the big jump from 2008-09 to 2009-10 was attributable in large part because of the reduction in the bet minimums from $1 to 50 cents. During last year’s race meeting, Southern California tracks increased from 150 to over 500 Tampa Bay races it offered to its customers and they bet 400% more on that product than they did the previous year. Most of those races were late in the day and included the second pick 4 that Moon analyzed in his blog. In addition, TVG promoted the late pick 4 aggressively in 2010-11 after cutting a marketing agreement with Tampa to guarantee a $35,000 daily pool.

Still, up is up, though Berube said one of his challenges is to convince simulcast receiving sites that a decrease in takeout is good for their business, too. Reduced takeout means a lower percentage of handle for the receiving site. (For example, if a track pays Tampa 4% for the signal and the blended takeout is 20%, the receiving track and its horsemen divide 16% [not including other fees related to transmission of the signal]. If that blended takeout drops to 18%, the receiving track/horsemen divide 14%.)

[Andymays]

Chasing the Pick 6 Madness

http://blog.horseplayersassociation.org ... dness.html