Gulfstream Making Betting More Affordable

[andymays]

http://www.bloodhorse.com/horse-raci...ore-affordable

Excerpt:

Gulfstream Park on Dec. 16 announced its 2011 wagering menu that will include its first Pick 5, with a 50 cent minimum bet, and a major reduction of its Pick 6 minimum bet from $2 to 10 cents.

Read more: http://www.bloodhorse.com/horse-raci...#ixzz18KX3AhIF

[Saratoga_Mike]

Originally Posted by andymays

http://www.bloodhorse.com/horse-raci...ore-affordable

Excerpt:

Gulfstream Park on Dec. 16 announced its 2011 wagering menu that will include its first Pick 5, with a 50 cent minimum bet, and a major reduction of its Pick 6 minimum bet from $2 to [SIZE=2]10 cents.[/SIZE]

Read more: http://www.bloodhorse.com/horse-raci...#ixzz18KX3AhIF

The Pick 6 is all about the carryover, so in general I don't like the idea of a 10 cent increment given it greatly reduces that possiblity. You only put in place a 10 cent Pick 6 if the bet hasn't been attracting any real money over time. Perhaps that's the case here - need to check.

[BMeadow]

They have changed it from a Pick 6 to a Jackpot Pick 6, which is a completely different bet. After the takeout is subtracted, only 60% of the money bet that day is distributed to those with six winners. The other 40% goes into a jackpot pool, to be distributed to anyone who is the only winner of the pick 6.

They actually passed a similar bill a number of years ago in California because one new commissioner wanted it, but everybody--track owners and bettors alike, in a rare show of unanimity--were aghast that it would completely kill the pick 6.

Good luck with this bet for Gulfstream, home of gambling genius Frank Stronach.

[InsideThePylons-MW]

The new GP pick-6 is the dime version of the Beulah 25 cent fortune 6.

[Saratoga_Mike]

Originally Posted by InsideThePylons-MW

The new GP pick-6 is the dime version of the Beulah 25 cent fortune 6.

Got it - seemed to garner a lot of interest at BEH.

[Igeteven]

Gulfstream Announces 2011 Wagering Menu

12/16/2010

Record Low Takeouts, New Wagers To Welcome Fans

HALLANDALE BEACH – Gulfstream Park Racing & Casino announced today a wagering menu for its 2011 thoroughbred meet beginning Jan. 5 that includes:
• A 50 cent Pick-5 with a record low 15 percent takeout.
• Low takeout rates on Bet-3 and 50 cent Pick-4 wagers of only 20 percent.
• An early and late 50 cent Pick-4.
• A 10 cent Pick-6.
• Rolling Daily Doubles, Superfecta’s and Bet-3’s.
Win, Place, Show, Daily Double, Exacta and Trifecta wagers will be a $1 minimum wager.

“We’re optimistic and excited about the new wagers we’re introducing and the fact Gulfstream will be offering many of the lowest takeouts in the country,” said Steve Calabro, President and GM of Gulfstream Park. “We think the Pick-5, Pick-4’s and 10 cent Pick-6 creates more opportunities for our fans.

“This is just part of our commitment to our customers. Those attending Gulfstream this year will also notice nearly a 50 percent increase in our self-service betting terminals.”

Gulfstream will start each day with a 12:55 p.m., first race post time. The early Pick-4 will begin with the second race while the late Pick-4 will be on the last four races. The Pick-5 will be on the day’s last five races and the Pick-6 on the day’s last six. The Pick-5, Pick-4 and Pick-6 wagers will be accepted only at self-service terminals.

The 10 cent Pick-6 will be awarded to one unique ticket. On days there are multiple winners, 60 percent of the pool will be shared equally while 40 percent goes back into the jackpot. Click here to see the wagering and takeouts.

Gulfstream will celebrate the 60th anniversary of the $1 million Florida Derby April 3 with a record 33 graded stakes races and more than $30 million in overall purses.

Gulfstream Park Racing & Casino is a multi-use entertainment facility and the premier destination of its kind in South Florida. Recognized for its world-class thoroughbred racing, Gulfstream Park is also home to more than 850 slot machines, high-stakes, no-limit poker, and the finest restaurants and shops at The Village at Gulfstream Park. Gulfstream’s world-championship, 2011 thoroughbred meet will run from Jan. 5 through April 24. For further information contact David.Joseph@gulfstreampark.com, or call 954.457.6451.

[jelly]

I like this one.


A 50 cent Pick-5 with a record low 15 percent takeout.

[The_Knight_Sky]

“We’re optimistic and excited about the new wagers we’re introducing and the fact Gulfstream will be offering many of the lowest takeouts in the country,” said Steve Calabro, President and GM of Gulfstream Park. “We think the Pick-5, Pick-4’s and 10 cent Pick-6 creates more opportunities for our fans.

Boy this is some war.

What about the civilian casualties?
You know - those spot players like me who play almost exclusively the exactas and trifectas?

Is it too much to ask for racetracks to lower the takeout rates for individual races?

I refuse to be bogged down handicapping Pick 4's and Pick 5's and be forced to play races where I may not have an opinion on; on races where I have not prepared for. As much as I like Gulfstream Park's product, the spot players
have been left hung out to dry - again.

[Dahoss9698]

Originally Posted by jelly

I like this one.


A 50 cent Pick-5 with a record low 15 percent takeout.

I like that one as well and plan on playing it a lot. Not crazy about a dime pick 6 though.

[Cardus]

I am not a Pick 6 player, but I oppose the dime base.

I believe in keeping the whales happy, and I cannot believe that they are happy about this reduction.

[tbwinner]

I like the 50-cent Pick 5 with the very low (comparative, could be lower) takeout.

However this 10-cent Pick6 is a bad idea. Sure it may help handle (a little?)...but the Pick6 should be left to the heavy bettors and horseplayers. Eliminates the carryover idea too.

I like lower minimums, like in the Pick4s/5s, as well as the trifecta and 10-cent supers are good, but this may be going a bit too far.

[JustRalph]

I saw an ad today for Portland meadows pick 4 being the lowest in the game. Now this stuff,.........amazing how these tracks are starting to advertise their "low takeout" I wonder where that idea comes from ??????

[Horseplayersbet.com]

I don't see any reductions. They already had a 15% takeout on the pick 6. They are introducing a pick 5 though at 15%.
Their takeouts are definitely on the low side, and it would be nice to see them trend down even lower.

[Stillriledup]

Not only is the 10 cent pick 6 ridiculous, but who's going to want part of THEIR money withheld for a 'jackpot' carryover? I mean, whenever you play this thing its most likely going to end up having 40% of the total pot consifcated for future use.

I'm also not sure how a 10 cent bet is ever going to produce only one winner. I guess there's some method to the madness, i just don't see it.

The takeout for this bet is really 55%?? unless YOU are the only winner. Is my math correct?

[lamboguy]

this is another joke that the genius's of racing came up with. why stop at .10, go all the way down to a penny to see how much more business they can lose. all this move does is cheapen the game.

god forbid they come up with a plan to build this sport, like some type of proposal to eliminate taxes all together that players have to dish out when they are lucky and win the stupid bet. at the same time they should lower their own paychecks, because whatever they get paid is to much.