Horse Racing Roulette? Santa Anita’s new wager fails to deliver value to bettors

Horse Racing Roulette? Santa Anita’s new wager fails to deliver value to bettors

Santa Anita Park will open the gates for its own winter match on Dec. 26 with a fresh wager called Horse Racing Roulette. I’m not joking.
The new bet will debut as a win-only wager and will be accessible in all races throughout the match that have six or more horses.
Horse Racing Roulette will set horses together and mark them as red, green or black in the monitor program, and payoffs will be made according to the color of the winner and standard pari-mutuel calculations.Here will be the fundamental elements and rules of Horse Racing Roulette in Santa Anita Park:
??? It is a $2 minimum wager, and also the track boasts a reduced 15.43 percent take-out pace.
??? Races must have a minimum of six runners, and horses will be placed into three groups: Red, Black or Green. In most cases, the morning-line favorite is going to be part of the Red Group. The Green Group is going to be jeopardized mostly of longshots.
??? The 3 classes will not have an equal quantity of horses, in most cases.
??? Whichever group contains the race winner, wins that”game” of all Horse Racing Roulette.
??? In the event that all gambling interests are scratched in a color group, betting will be ceased and all wagers refunded.
??? In case of a dead-heat for first position, the swimming pool will be split between the winning classes.
Is Horse Racing Roulette a good idea?
I acknowledge the need for Your Stronach Group, that owns Santa Anita, to recruit new horse players, and I support new ideas that do this. In addition, I get the drift of trying to pull those who have gambled before by enticing them with a familiar wagering game like roulette.
But people who have played roulette are probably attracted by the 35/1 chances of hitting a straight number. By reducing all of the horses in a field to three betting”colors”, the longest price of these color choices won’t be so long. Roulette players will not be racing to the racetrack to play with a roulette wheel with only three betting interests, in which the maximum price of the spin would pay out in 5/1 odds or less.
This”new” wager has a small odor of desperation. There are already lots of wagers on the market, a few for 50 cents, 20 cents and even a dime. A $1 bet with modest payout will not be effective at attracting old or new clients, or perhaps derelict gamblers.
An individual can simply look to the chronic three-horse races that happen almost every day in New York. They generate very little betting interest and extend no worth, and nobody puts much money or effort into betting a three-horse race.
Viable Alternatives?
I would hate to party a notion without providing an alternative solution.
I’ve learned over the years that horse players just want to be acknowledged rather than be mistreated. They need a reason to wager, they demand value and they also like free stuff. How about:
??? A free coupon for a $2 opening Daily Double bet, which could reward the birds with a shot at getting off to a fantastic start with all the track’s money.
??? A handicapping competition every Saturday, where the trail puts up a couple of grand and the bettors match their skills against each other using a mythical $500 bankroll.
??? One day a week when the track guarantees full fields of ten horses in every race. Value is what we search for in a race, and there isn’t any in brief areas.
??? One day a week once the track lowers it’s takeout to 10 per cent, giving bettors a large motive to swarm to the monitor.
??? A pick-6 sequence where players get to pick the 6 races of the selection.
??? A free beer, sexy dog, parking or track program, which may go a very long way in the monitor’s relationship with its clients.
If more people arrived at the racetrack, the magic of thoroughbred racing can do the rest. Tracks need to stop being greedy and realize we are not just going to line up and plunk down our cash, especially when no value is apparent. Three- and four-horse races, 26 percentage takeouts on pick-6 wagers and $20 entry fees before you even make a bet do not exactly put out the welcome mat.
Horse players complain a lot and aren’t easy to please, however, it is feasible for tracks to provide the value they’re looking for. I just don’t believe Horse Racing Roulette is gonna take action.
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