Horse racing Roulette ?

[eye123]

........do we really need this ?    




Long popular in Las Vegas and casinos around the world, roulette will take on a new form beginning with Santa Anita Park's Winter Meet opening day, Dec. 26, as Horse Racing Roulette will debut as a win-only wager available in all 10 opening day races which have fields of six or more horses.

As Santa Anita continues in its efforts to attract new fans, Horse Racing Roulette, which will include horses marked in the track's racing program as red, black or green, will consist of a stand-alone Win pool and payoffs will be made according to the "color" of the winner and standard pari-mutuel calculations.

Following are the basic components and rules comprising Horse Racing Roulette at Santa Anita:




Two dollar minimum win wager with customary industry-low 15.43% takeout

Horses (minimum six-horse field) will be placed into one of three groups, Red, Black or Green

In most cases, the morning line favorite will be part of the Red Group

The Green Group will be comprised mainly of longshots

The three Groups, in most cases, will not have an equal number of horses

Whichever Group contains the race winner, wins that "game" of Horse Racing Roulette

In the event that ALL betting interest members of any group are scratched or declared non-starters, betting on the Group Bet pool will be stopped immediately and all Roulette wagers made on this particular race will be refunded.

In the event of a dead heat for first between two or more divergent Group members, the Group Bet pool will be distributed as a profit split (place pool) or, if there is a triple dead heat with as many Group interests, the pool will also be distributed as a profit split (show pool).

Horse Racing Roulette will be offered on all races with a minimum of six runners throughout Santa Anita's upcoming Winter Meet. Fans are encouraged to carefully consult their racing program prior to wagering.

[halochef]

hello what casinos are are offering this in Vegas?

[Deleted]

Another gimmick ...do not see how this will increase folks interest....and, if anything , will only take away from the other pools....

[Badactor]

I can tell you the first time race track goers were loving this wager!

Must have sold 40-50 1 RED / 2 BLACK / 3 GREEN Roulette wagers.

Pari-Mutuelly Yours,

Dell.

[eye123]

www.equibase.com/static/chart/pdf/SA122618USA.pdf


Quick look at first day results on the wager:

Top pay $8.60 Low pay $2.40

Less then $40,000 wagered on ten race card


$2.00 show vs Roulette...maybe more horses to follow for the same wager amount for first time race goers ?

[elkurzhal]

guess it's not hurting anything and if it helps give new people a start, why not...

[eye123]

Curious to see where they're going with this wager. From a wagering standpoint don't see any value to the wager. Don't see it bringing new patrons to the stands(on it's own) (though new players will have another option then the $2.00 show wager when all ready attending the races) Will it increase handle vs not providing it? Will the dollars bet into the pool just be dollars that would have gone elsewhere?


Where I might see a reason to offer up this wager is maybe from a marketing strategy. Send out vouchers (with dollar amounts ranging from $2.00 to $20.00....true value only shown when teller runs it in the machine for this wager alone) to groups and organizations that are unlikely to have members who already attend the races. Add a brochure for Santa Anita and free attendance...offering a great day at the races(maybe with food specials included).....fun day at the races where with the roulette wager a number of participants get to go cash a ticket. (and from this experience will return from time to time)

[DoctorDisaster]

eye,with that handle,it probably goes the way of "two in the money" that Twit Spires offered at CD a while back.The worst part is they have working models of wagers that do work but they are slow to put them on the menu.The Omni.NYRA says they are interested.....well let's have it.The Place Pick.That's a hit in Ire and GB.....where is it here.
I do have a funny roulette story.I was wandering around a casino looking for my wife.We were on a cruise with friends.I find her not at the one arm bandits but at the Roulette table.I ask(obligatory)how are you doing.She says "I don't understand this game,I'm going back to the slots" .I try to explain but she says take my chips,you play,I'm going back to the slots .Me, I only play cards at a casino(if the horses aren't running) so it was my first time at the wheel.I take one of the two five dollar chips she leaves me and put it on 36 Red.I liked that horse.It hits off the bat .Then I played some NASCAR numbers.The hits keep coming.I walk away with over three hundred.I finally tracked down my wife and asked her if she wanted the money she left on the table.She said no. End of story.

[shoes]

I was always fascinated with roulette- dumb luck though it may be. I guess it started when I read Dostoevsky's novella The Gambler" (which I highly recommend), as a young man.There's something about a table of people nervously watching as the wheel turns, their fate in the hands of spinning ball which slows and them hops a few times before it comes to rest. I guess it feels like a good metaphor for the capriciousness of life at times. I still enjoy spending some time at it during infrequent trips to casinos. The worst thing that happened though was when many years ago they added the second 0 (double zero) to the wheel.

[Deleted]

Lol...only the last race paid more than the a win ticket...that may be because the pool was the lowest....lol...a bad play for the work and guess work...play a lottery that pays millions instead...who knows, it might show a profit in the lottery...lol...etc...a foolish game indeed this roulette...tri bets are hard enough....etc...my view ...play the last days big must payoffs are the way to swing instead of this silly pool.....a waste of one's intelligence is this roulette in horse racing...a bad idea set up by casino type persons of very poor character is what I think...reminds me of the telephone scams without  even having to creating the phone cards etc etc...and then some...just a thought on the subject...loletc good luck to all playing this foolish ness...etc...

[Deleted]

Dec 27, 2018 1:18:23 GMT -5 Badactor said:

I can tell you the first time race track goers were loving this wager!

Must have sold 40-50 1 RED / 2 BLACK / 3 GREEN Roulette wagers.

Pari-Mutuelly Yours,

Dell.

Lol...the green was not in the pockets of the bettor, lol...just those running the scam...lol..or is it con, or, etc etc...lol..those running the mobs numbers racket are turning over in their graves....lol..even those in the racket to day..they wish they had thought of this to pass onto thier bosses....lol...just an opinion...lol...

[eye123]

DRF Article:

Hovdey: Roulette bet straddles horseplaying landscape


As post time for the fifth at Santa Anita Park approached on Wednesday’s opening-day card, a colleague perused the top of the program page and mumbled to no one in particular, “There are 11 different ways to bet this race.”

He was right. The full field of maiden 2-year-olds could be played win, place, and show; as the first leg of the 20-cent Rainbow Six, the $1 rolling super high 5, a $2 rolling double, and a 50-cent rolling pick three; grouped in a $1 exacta, a 50-cent trifecta, and a $1 minimum superfecta made up of 10-cent combinations; along with the brand new $2 Horse Racing Roulette that bundles runners as red, black, or green teams played as single entities.

No quinella, sad to say, but boy, what a menu. Denny’s just conceded the crown.

Today’s racing managements seem obliged to trot out new ways to separate players from their money every time a fresh meet opens its doors, rivaling the selection of craft beers at their clubhouse bars. And, once a new bet is applied, there usually is no going back, since it is impossible to prove the negative of how those dollars would have been bet without it, or if they would have been bet at all.

While perusing those 11 betting options, I flashed back to a writers’ room moment during my time a decade ago under the wing of David Milch, creator of the HBO racetrack drama “Luck.”

Just to make sure we were rowing the same direction, philosophically speaking, Milch would share his well-earned observations (as owner of two Breeders’ Cup winners) on the state of the horse racing business. Milch also has been known to have a flutter, and in his prime as a horseplayer he sallied forth with both barrels loaded, pulling the trigger until it went click.

As a loyal and perceptive consumer of the product, Milch came to understand that the proliferation of betting options mirrored some of the root causes of the U.S. economy tanking at the time. Milch imbued his main “Luck” character, a former mob fixer turned racetrack owner, with the wisdom to recognize the dangerous spiral.

“What this guy winds up proposing is that, in a fashion not dissimilar to our economic extremity in the nation generally, horse racing is [screwed],” Milch said, only he didn’t say “screwed” (see “Deadwood”).

“And the reason it’s [screwed] is because of the proliferation of propositions,” he continued. “Instead of just a win bet, a place bet, and a show bet, now the same event is packaged as 50 different events – as a win pool, a place pool, a show pool, an exacta pool, a daily double pool, a trifecta pool, pick three pool, pick six pool. It’s the same event just being rebundled.”

Just like, Milch noted, the bundling and selling of toxic sub-prime loans that precipitated the 2008 recession.

He continued that the constant repackaging of the single racing event “… depends further upon a narcotizing of the participant, the bettor, to persuade him that this proliferation of choices can somehow operate to his advantage, when in fact every time he makes that bet a portion of his dollar is going away, so on the same outcome he is wagering 20 different times in ways that have to at some level operate against each other.”

Picking winners, once the point of the exercise, becomes marginalized. Playing 14 trifecta combinations, Milch noted, at best saddles the benumbed player with 13 losers.

“Ultimately,” concluded Milch, “you are taking all of his money because he’s paying such a high interest rate.”

Though it continues the trend of reducing horses to numbers, Horse Racing Roulette is an innocent-enough diversion. With its takeout in the 15 percent range, on opening day it contributed about $29,000 to the $20 million all sources handle. According to Tim Ritvo, who runs Santa Anita for The Stronach Group, the bet was devised by Cantor Gaming of Las Vegas, a company whose main endeavor is the operation of casino sports books.

Ritvo says Horse Racing Roulette is designed for the novice horseplayer to cash often and keep the betting dollars churning. Hopefully, when the roulette bet pays off appreciably lower than a straight win bet on the actual winner, the baffled newbies will seek further enlightenment on such topics as morning lines, overlays, and late action. In one race, a $21.40 winner was part of a $4.20 roulette payoff, while in another the winner returned $12.80, while the winning roulette color paid $2.40.

“Luck” was canceled before Milch’s hero could realize his ultimate intention of presenting a match race, without betting offered, between two wildly popular Thoroughbreds before a huge audience that would show up just to witness the spectacle. Call it fantasy or science fiction, but the idea embraced a distillation of racing’s oldest ambitions. Milch and his “Luck” minions were betting that viewers – even experienced horseplayers devoted to their vertical and horizontal bundlings – would appreciate the reminder of a certain brand of purity.

It was a bet we lost. But at least we bet to win.

[eye123]

Roulette Pool Totals this weekend : (to sum it up dismal)


Thursday: Race 1-$596; R2-$251; R3-$356; 4-$342; R5-$345; R6-$604; R7-$276; R8-$1080; R9-$739.

Friday: R1-$627; R2-$446; R4-$652; R5-$375; R7-$527; R8-$303; R9-$484.

Saturday: R3-$816; R5-$1,048; R7-$815; R8-$698; R9-$647.

Sunday: R1-$941; R2-$592; R3-$956; R5-$958; R6-$960; R7-$810; R8-$936; R9-$953.

[Deleted]

Yup, a suckers bet ...bet the last days super pools on must pay out day and get lucky....lol....

[propro]

It's not going to get any real money, but is it really a bad thing that someone who is playing $2 to show on a horse goes with the roulette bet instead? Taking a 10 horse field and turning it into your choice of 3 field bets certainly dumbs it down a lot for the most casual of race goers that doesn't know a thing about horse racing.

[eye123]

No, I don't think it's a bad thing. I just don't get it.(just another thing to put in the group of things lately that I don't get) The only reason to wager would be maybe your a first time attendee to the races. (just something to do)But there is show wagering, or win wagering or putting a few bucks together with friends(since your new you were probably brought there by a racing fan) or just watch the races and root for your friends picks. If there was thought on behalf of the track that the "action" would bring the first time arrival back again, can't see that. All for gaining new fans to the races, just do not see this as one of the ways.