is this why horizontals pay more?

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  • JBEX
    SBR Posting Legend
    • 01-02-12
    • 23405

    #1
    is this why horizontals pay more?
    remember when I read steve crist's book "exotic betting" a long time ago, he said payoffs on these are better over the long haul because even though the takeout is higher you are only being taken lol once.. I respect him as a player and someone who's knowledgeable about the game in general.. one time ceo of the drf, harvard grad, ny times writer and multiple books


    was wondering if this math shows it.. didn't get this from him but think it makes sense

    figure 17% take on wps and at nyra 24% horizontals



    pick 5 with all even money's

    2 to the 5th or 32 (no take)
    less 24% takeout =23.5 odds (31 *.76)


    rollover (parlay) 5x with horses that pay about $3.65 win (17% take on horse that otherwise would be even money with no takeout

    1.83 to the 5th or 19.5 odds (17% taken out per race.. took out original 1)


    so almost 20% more with the horizontal (one time 24%)


    then of course there are other things like lower odds horses taking too much action but that's beyond the scope of this topic


    any opinions welcomed
    Last edited by JBEX; 10-07-19, 10:16 AM.
  • littlekona
    SBR Hall of Famer
    • 11-19-15
    • 5242

    #2
    I think the all favorites pick 5 ticket pays more then the parlay because of the big big spread players in these pools with the big tickets. That kind of boasts the favorite ticket BUT also would reduce the mid price horse tickets and the long shot tickets always pay big...In the pick 4 and 5's the key is to toss the bad 8/5 shots that go off at 3-1 and find the 5/2 bet down horse that was 8-1 ML....In pic 4 and 5 those bet down 5/2's from ML of 8-1 or higher play at ML price and not the race post time bet down price as many people just play off the ML in multi race bets
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    • unusialsusp5
      SBR MVP
      • 04-18-10
      • 4198

      #3
      horizontals shouldn't be played period. you are forced to play the races in a sequence that could be plagued with a short field(s) or a race that you deem unplayable. siphoning out vertical plays on playable races seems to be a better option. why let the track dictate what races you have to play.
      Comment
      • littlekona
        SBR Hall of Famer
        • 11-19-15
        • 5242

        #4
        Originally posted by unusialsusp5
        horizontals shouldn't be played period. you are forced to play the races in a sequence that could be plagued with a short field(s) or a race that you deem unplayable. siphoning out vertical plays on playable races seems to be a better option. why let the track dictate what races you have to play.
        What are you talking about? They are the best value esp when carryover exist...if you dont like the sequence dont play it
        Comment
        • Louisvillekid1
          SBR Aristocracy
          • 10-17-07
          • 52143

          #5
          You don’t have to play every one lol
          Comment
          • littlekona
            SBR Hall of Famer
            • 11-19-15
            • 5242

            #6
            btw most tracks have 15% or so takeout on pic 5
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            • littlekona
              SBR Hall of Famer
              • 11-19-15
              • 5242

              #7
              years ago Delaware had a pic 6 wager that allowed you to pick any 6 races among the card and basically create your own sequence. It did not last long....Interesting also how many tracks now are going away from tradition 2$ base pick 6 and now to the 20 cent jackpot. If the racing Secretary is smart with race placement its a jackpot for the tracks as the guaranteed payout days are HUGE
              Comment
              • JBEX
                SBR Posting Legend
                • 01-02-12
                • 23405

                #8
                keeneland wednesday

                (calculated in my head.. within 3-5% of the truth)

                .50 pick 4 (pool $356k).. parlay $156.. pd $466
                .50 pick 5 (pool $305k)..parlay $1170..pd $2917



                early pk 4 (pool $150k)..parlay $1950..pd $4747
                early pk 5 (pool $244)..parlay $6750..pd $12965

                plus whatever consolations payoffs for 4 on the pk 5's
                Last edited by JBEX; 10-09-19, 10:19 PM.
                Comment
                • Louisvillekid1
                  SBR Aristocracy
                  • 10-17-07
                  • 52143

                  #9
                  Are you just parlaying the Win payouts?

                  i know you know horses pay much different betting in advance

                  a 3/1 that goes off 8/1

                  or vice versa

                  maybe that’s the difference?


                  the win payouts are meaningless

                  look at it more like a knockout

                  every horse is same

                  just win and move on

                  pool -15% divided by who’s left standing at end
                  Comment
                  • Louisvillekid1
                    SBR Aristocracy
                    • 10-17-07
                    • 52143

                    #10
                    Some times a 5/2 fav might be 4-5th highest payout in multi race bets
                    Comment
                    • JBEX
                      SBR Posting Legend
                      • 01-02-12
                      • 23405

                      #11
                      I just feel bottomline that comparing the parlay price to the payoff is a fair comparison of the value you're getting with the horizontal..my experience from casual observation is that they do pay more over the long haul and yesterday at keeneland was a lot more..in a game with such a high takeout I think it's a nice edge to have..
                      Comment
                      • StackinGreen
                        SBR Posting Legend
                        • 10-09-10
                        • 12140

                        #12
                        Yes, possibly the main reason, but more that spreading and chasing happen with bigger horizontal wagers, especially the pick 4 where it doesn't become as expensive as a 5 or definitely a 6 (though now there are hardly, if any $2 minimum bets left, or even $1) if you don't single. Also, keep in mind that "beating a favorite" that is logical in a sequence tends to get more bold players precisely because most, not all, players are going for big payouts with these bets.

                        If you are going for pure value, then loving 2 of 4 legs of a pick four or 3 legs of a pick 5, even as odds on favorites (with some spreading in the other legs) can yield nice profits. But your volume (the times you play it) must go up --- and your ticket prices, overall, down.
                        Comment
                        • JBEX
                          SBR Posting Legend
                          • 01-02-12
                          • 23405

                          #13
                          Originally posted by StackinGreen
                          Yes, possibly the main reason, but more that spreading and chasing happen with bigger horizontal wagers, especially the pick 4 where it doesn't become as expensive as a 5 or definitely a 6 (though now there are hardly, if any $2 minimum bets left, or even $1) if you don't single. Also, keep in mind that "beating a favorite" that is logical in a sequence tends to get more bold players precisely because most, not all, players are going for big payouts with these bets.

                          If you are going for pure value, then loving 2 of 4 legs of a pick four or 3 legs of a pick 5, even as odds on favorites (with some spreading in the other legs) can yield nice profits. But your volume (the times you play it) must go up --- and your ticket prices, overall, down.


                          I agree with what you said about the pick 4 as far as spreading.. that 1 less leg gives the avg player a chance to cover more combos so maybe that adds a little more fat into the pool.. also agree that you've got to compensate for less combos and lower price singles with a higher base wager
                          Comment
                          • StackinGreen
                            SBR Posting Legend
                            • 10-09-10
                            • 12140

                            #14
                            Yes, if I feel very strongly about half the sequence, I love to play them. Mostly because I find the wager itself to be so much fun, having "outs" and rooting at times for the longer shots to somehow surprise you with a greater payout if your tops don't come in.

                            One of the most exciting times in horse wagering is waiting for the WILL PAY screens to come up before the last leg ...

                            the next 45 minutes while you consider how that last result will unfold is great and scores are always difficult, so when you do hit, it is a rush.

                            Comment
                            • JBEX
                              SBR Posting Legend
                              • 01-02-12
                              • 23405

                              #15
                              yup..I know I only post individual races here but definitely like the bet..lots of positives about it
                              Comment
                              • Louisvillekid1
                                SBR Aristocracy
                                • 10-17-07
                                • 52143

                                #16
                                Originally posted by StackinGreen
                                Yes, if I feel very strongly about half the sequence, I love to play them. Mostly because I find the wager itself to be so much fun, having "outs" and rooting at times for the longer shots to somehow surprise you with a greater payout if your tops don't come in.

                                One of the most exciting times in horse wagering is waiting for the WILL PAY screens to come up before the last leg ...

                                the next 45 minutes while you consider how that last result will unfold is great and scores are always difficult, so when you do hit, it is a rush.

                                Couldn’t agree more

                                especially when you all last leg lol
                                Comment
                                • StackinGreen
                                  SBR Posting Legend
                                  • 10-09-10
                                  • 12140

                                  #17
                                  Hehe, that's funny ... maybe the worst is when you're like 7 of 12 and somehow don't get nose to cross the line first
                                  Comment
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