Horse wagering at CRIS - Account Suspension.

[betplom]

" 6. Any attempt to play negative pool hedges will result in account suspension. "

I do this at the track all the time - well not ALL the time as the opportunities are limited.

When I see a bridge jumper make a huge show bet on a heavy favourite I look for the next two logical horses (sometimes three) and bet them to show. If the favourite misses the board and one or more of my horses hits the board I'll make a nice score.

What is CRIS afraid of?

[pico]

i have no idea what is negative pool hedge. the only things i know about horses are win, place, show, exacta, and trifecta.

[pico]

i have no idea what it is, but it seems like a common rule for a lot books.

[madmaxx]

seen this on a few other books too. happens so rarely I don't see how they could be so serious over it.

[betplom]

It's what I described above.

When someone bets 100k (or more for example) on a heavily favoured horse to show (1st, 2nd, 3rd) and that horse misses the top three finishing order the show prices on the horses that finished top three will be huge.

The "bridge jumpers" are trying to make an "easy" 5% by betting on a so called sure thing.
Minimum track payout is $2.10 in N. America.

It's also known as a minus pool when this happens and the big bettor cashes, the track must pay out of its own pocket if the pari-mutuel pools can't cover the bet.

[madmaxx]

If theres a horse at say 1/5 the show pool becomes so out of whack that if it misses the money and a 3-1 horse wins, the 3-1 is gonna pay 8.00 to win but like 14.60 to show.

[betplom]

I saw one a couple of months ago where the 1-5 shot finished 2nd but got DQ'ed and placed last.

Winner paid $28 to win and $68 to show.
All show prices were above $30.
It was a 7 horse field.

[madmaxx]

haha thats great. at del mar you tend to get a lot of people spending $12 on a margarita every 12 minutes and then bet $2 to show a race screaming bloody murder when it hits and pays 2.80. cant imagine the outburst if something like that happened and they won $30+ they'd think they were some kind of genius.

[pico]

i see.

do you know if those sportbooks actually send their parimutel wagers to the tracks or they just keep the money purse themselves and use the final odds for the payout.

yeah, i can see why books hate negative pool, but if they send all their wagers to the tracks, then the track is losing money, not the sportsbooks. i guess it is logical to say that most sportsbooks just keep the purse and use the track odds...am i right here?

[madmaxx]

yeah i would think so, i couldnt see them sending the wagers out to the tracks

[betplom]

i see.
i guess it is logical to say that most sportsbooks just keep the purse and use the track odds...am i right here?

Vegas sportsbooks put the wagers they take directly into the pari-mutuel pool of the host track.

Offshore books don't. They are not afraid of the $2.10 payout.

The "purse" is what the owners race their horses for.
It has nothing to do with sportsbooks. Purses are paid by the racetrack to the owner, 60% to the winner, 20% to second 12% to third etc. etc.

[pico]

Vegas sportsbooks put the wagers they take directly into the pari-mutuel pool of the host track.

Offshore books don't. They are not afraid of the $2.10 payout.

The "purse" is what the owners race their horses for.
It has nothing to do with sportsbooks. Purses are paid by the racetrack to the owner, 60% to the winner, 20% to second 12% to third etc. etc.

there is a reason i only bet head to head for fun. there are shitload of tricks in betting ponies that i don't know. i think i'd get cleaned out if i spend couple of days at the tracks.

if you know your thing, making easy 5% on a sure thing sounds like simple thing to do. but laying 100k on a favorite horse to show is kind of nerve racking to watch. i don't know how you make a 100k bet at the track...that is a lot of bills to count.

[picantel]

If I see huge money on the fave to show I always put like $5 across the board on every horse and a ton more on my 2 fave horses. I have won alot of money that way. I have seen horses pay over $300 to show before.

[betplom]

If I see huge money on the fave to show I always put like $5 across the board on every horse and a ton more on my 2 fave horses. I have won alot of money that way. I have seen horses pay over $300 to show before.

And that will get you the boot @ BetCRIS.

I do the same thing at the track.
Offshore doesn't want you to try it.

[chemist]

If offshore books don't bet back into the pools then they are vulnerable to a Hayson-Fletcher coup. In this type of coup you wait until there is a short odds favorite in a small pool without too many runners. At the last minute track-side confederates pump money into every other runner while you bet large on the favorite at the offshore book.

[betplom]

If offshore books don't bet back into the pools then they are vulnerable to a Hayson-Fletcher coup. In this type of coup you wait until there is a short odds favorite in a small pool without too many runners. At the last minute track-side confederates pump money into every other runner while you bet large on the favorite at the offshore book.

Most books have low limits on horse wagers at smaller tracks.

I doubt this would work.

[picantel]

And that will get you the boot @ BetCRIS.

I do the same thing at the track.
Offshore doesn't want you to try it.

Their racebook is a joke anyway and run by morons. A couple of years ago they accused me of past posting, then told me I was a good handicapper, then stole close to 18k from me. They can go **** themselves.

[pico]

If offshore books don't bet back into the pools then they are vulnerable to a Hayson-Fletcher coup. In this type of coup you wait until there is a short odds favorite in a small pool without too many runners. At the last minute track-side confederates pump money into every other runner while you bet large on the favorite at the offshore book.

no wonder there are smart people play parimutel...there are some very clever tricks to pull that a fixed odds punter like me would never even dreamed of.

[betplom]

The Hayson Fletcher story was interesting.

Nice to see them pull it off.