DrawingDead
DrawingDead
Joined: Jun 13, 2014
  • Threads: 9
  • Posts: 2233
May 6th, 2017 at 3:00:53 PM permalink
A few kiosks could do the job of the pit, too.

Sports betting doesn't make squat for most casinos, and is generally a net loser when all the overhead is fully accounted for. In most casinos it is there mostly as an amenity attracting business for the overall casino/resort enterprise, like putting on several times daily small buy-in fast poker tournaments, or providing beverage service, or piano players in the lobby and fountains and pirate shows. Though beware: Many of the more serious sports bettors will get seriously pissed-off at the mention of this and refuse to believe that they are not VERRRRRY important, and angrily insist that they "know" that casinos are deathly afraid that they will bankrupt the joint with their brilliance.

Parimutual wagering handle is much larger, carries zero risk to the house as the neutral facilitator of the transactions among bettors wagering against each other, and therefore more than pays to keep the lights on for the entire overhead of the entire book operation in many casinos with the better book operations. A big share of that dollar volume is in fact being handled through the functional equivalent of "kiosks" rather than through live casino employees that are visible standing around at windows punching out tickets, but you will not see this or likely be aware of it and the volume it does if you are not participating in it.
"I'm against stuff like crack and math" --AxelWolf
DrawingDead
DrawingDead
Joined: Jun 13, 2014
  • Threads: 9
  • Posts: 2233
May 6th, 2017 at 3:52:12 PM permalink
Quote: billryan

IN NY, as an example, the OTBs don't do field bets( or didn't in the past) so there have been big races where the winner paid one price at the track and another at OTB.
One race produced a rather small track price but $100 price in NY.

When? In this decade? Apparently in one of the *ahem* highly "unique" NY OTBs that were an artifact from the 1970s, started before the widespread existence of national simulcast wagering, created in an era before modern data technology and the consequent creation of co-mingled pools running through national hubs, and the federal law that now governs them. My understanding is that the last of those infamously bizarre sleazy New York OTBs trying to operate in their own *cough*cough* "different" way were shut down years ago, and have not existed since they were closed on December 8, 2010.

Something like what you describe could and sometimes did occur in some Nevada books, operating under very different circumstances, a long time ago. In the 1960s, 70s, and I think into the early 80s.

Does not happen in recent years. Can't. Unless you are in the back room of the Bada-Bing booking wagers with a guy named Silvio. In this century, Nevada books briefly booked their own wagers when there was a dispute in negotiations with LVDC (Las Vegas Dissemination Company) that caused a two day lapse in their contract with some tracks. For exactly one day, major NV books were not in the parimutual pools, but by their own (very sensible) chioice paid wagers at exactly the same amount as the track's parimutual payouts anyway. If anyone outside of Nevada did this today, trying to ignore the revisions to the federal Interstate Horseracing and Wagering Act related to national simulcast wagering that apply, they'd be getting into operating a sportsbook outside of the only state where such can be licensed to legally exist, and they'd be getting to know their FBI field office and eventually the staff of a federal prison.
"I'm against stuff like crack and math" --AxelWolf
onenickelmiracle
onenickelmiracle
Joined: Jan 26, 2012
  • Threads: 209
  • Posts: 8006
May 6th, 2017 at 4:02:46 PM permalink
I didn't like the race at all. Billryan, Thundersnow really must have broke your heart seeing him limping from the start. Me personally, damn the favorites and how dare my favorite exacta 5/1 hit.
In the land of the blind, the man with one eye is the care taker. Hold my beer.
Keeneone
Keeneone
Joined: Aug 16, 2014
  • Threads: 17
  • Posts: 1189
May 6th, 2017 at 4:17:41 PM permalink
Congrats to AD and anyone who won with him. The favorite wins again. How can the public be so smart? I will settle for another second place with my Derby futures for 2017. On to 2018...
----------


Quote: onenickelmiracle

I didn't like the race at all. Billryan, Thundersnow really must have broke your heart seeing him limping from the start. Me personally, damn the favorites and how dare my favorite exacta 5/1 hit.


I just think Thunder Snow was rank, basically refused to run, and started bucking his rider. The jockey likely would have jumped off if he thought an injury occurred.
DrawingDead
DrawingDead
Joined: Jun 13, 2014
  • Threads: 9
  • Posts: 2233
May 6th, 2017 at 4:23:04 PM permalink
Some of the firstest fastest remarks on the race I've heard seem to be saying that, besides Thunder Snow's problems, Classic Empire just had a trip where he got mugged in an alley, and robbed on the subway, then run over by a taxi, and lost all chance. Didn't catch the rough racing luck incident(s) they're chatting about myself. Did those here focusing on that one see it like that?

It appeared to me that my little flea-wager guess-horse IWC was in fine position to take over headed for the real test in the stretch, but what he had was largely used to that point & simply didn't have it to give when called upon.
"I'm against stuff like crack and math" --AxelWolf
onenickelmiracle
onenickelmiracle
Joined: Jan 26, 2012
  • Threads: 209
  • Posts: 8006
May 6th, 2017 at 4:26:25 PM permalink
Quote: DrawingDead

Some of the firstest fastest remarks on the race I've heard seem to be saying that, besides Thunder Snow's problems, Classic Empire just had a trip where he got mugged in an alley, and robbed on the subway, then run over by a taxi, and lost all chance. Didn't catch the rough racing luck incident(s) they're chatting about myself. Did those here focusing on that one see it like that?

I saw the replay on NBC, looked like pinball.
In the land of the blind, the man with one eye is the care taker. Hold my beer.
billryan
billryan
Joined: Nov 2, 2009
  • Threads: 177
  • Posts: 10091
May 6th, 2017 at 4:28:00 PM permalink
The only example I can think of by name is Cannonero11, who was in the Derby field but was a long shot at OTB. There were more recent ones but I'm drawing a blank.
It used to be that NY OTB only allowed an entree if the horse had the same owner and trainer so those horses would have different odds than at the track.
NYC OTB shut down, not NY OTB. In fact, Nassau and Suffolk are in the process of opening slot parlors( VLMs).
I lost interest in horse betting the year War Emblem won. I did attend a number of Belmont Stakes when the Triple Crown was on the line.
Made nice money off American Pharaoh. Bought 50 $2 tickets and sold them on eBay for around $15 that week.
DrawingDead
DrawingDead
Joined: Jun 13, 2014
  • Threads: 9
  • Posts: 2233
May 6th, 2017 at 4:42:17 PM permalink
It was NYC OTB that I was thinking of in those comments. Never did have any experience or knowledge of the operation of different NY State OTBs distinct from NYC's. I'm not up to date at all on the status of intra-state New York parlors. Though I am very familiar with the national inter-state simulcast wagering, on both sides of the "counter" so to speak, which is conducted through a few licensed national hubs.

There's more New York somewhere past Bronx & Yonkers?
Quote: billryan

The only example I can think of by name is Cannonero11, who was in the Derby field but was a long shot at OTB. There were more recent ones but I'm drawing a blank.
It used to be that NY OTB only allowed an entree if the horse had the same owner and trainer so those horses would have different odds than at the track.
NYC OTB shut down, not NY OTB. In fact, Nassau and Suffolk are in the process of opening slot parlors( VLMs).
I lost interest in horse betting the year War Emblem won. I did attend a number of Belmont Stakes when the Triple Crown was on the line.
Made nice money off American Pharaoh. Bought 50 $2 tickets and sold them on eBay for around $15 that week.

EDIT for an addendum: In the first couple of years that widespread simulcast wagering was really getting established, and the legal environment and contractural landscape for it was still in flux to some degree, I was able to establish out of state parimutual wagering accounts with the California tracks in their first version of creating internet access to their parimutual pools, and also an account from the USA with Woodbine in Canada which then had a separate parimutual pool for Canook parimutual wagering on Santa Anita and Hollywood Park's races. Creating some VERY interesting opportunities for arbitrage between the significantly different wagering paterns and resulting payouts. For a while. For those who caught on to that peculiar situation early enough to milk it in the bigger and therefore more liquid events. The lifespan of that particular "while" wasn't a real long one, I think maybe about 18 months or so, IIRC. Sigh.
Last edited by: DrawingDead on May 6, 2017
"I'm against stuff like crack and math" --AxelWolf
onenickelmiracle
onenickelmiracle
Joined: Jan 26, 2012
  • Threads: 209
  • Posts: 8006
May 6th, 2017 at 4:55:29 PM permalink
Watching TVG now after the derby, noticeable depression, much relaxed enthusiasm from the hosts.
In the land of the blind, the man with one eye is the care taker. Hold my beer.
onenickelmiracle
onenickelmiracle
Joined: Jan 26, 2012
  • Threads: 209
  • Posts: 8006
May 6th, 2017 at 4:58:54 PM permalink
Maybe next year, favorite/all/all.
In the land of the blind, the man with one eye is the care taker. Hold my beer.

  • Jump to: