Horse Bookie's Nightmare - Double Dead Heat.

wilheim · Jul 11, 2004

In the John McSorley Stakes at Monmouth today there was a double dead heat - one for win position and one for show position. The finish resulted in 2 win - 2 place - 4 show - 2 Exacta - 2 Pick three - 4 Superfecta - and 4 Trifecta payoffs.

5 Shades of Sunny 22.20 18.60 7.80
6 Quest of Fate 7.60 7.20 4.80
1A Tricky Storm 4.00
7 Scattering Breezes 4.00

$2 Pick 3 1-4-5 (3 correct) 486.20
$2 Pick 3 1-4-6 (3 correct) 277.00 0
$2 Exacta 5-6 137.40
$2 Exacta 6-5 91.00
$1 Superfecta 5-6-1-7 4,428.10
$1 Superfecta 5-6-7-1 4,428.10
$1 Superfecta 6-5-1-7 1,107.70
$1 Superfecta 6-5-7-1 2,214.50
$2 Trifecta 5-6-1 474.60
$2 Trifecta 5-6-7 677.20
$2 Trifecta 6-5-1 380.00
$2 Trifecta 6-5-7 456.40

wil.

scott · Jul 11, 2004

I just got heartburn thinking how we used to figure this by hand. The first thing would be to sort this mess out, wow.....ScottyS

wilheim · Jul 11, 2004

Tell me about it. What a mess, a fairly big race to boot, the feature at Monmouth today. Not to mention costly - double and in some case quadrouple winners.

wil.

WildBill · Jul 11, 2004

How is this costly? Pari-mutuel system, they just split the pools according to pre-determined formulas. Since none of the horses paid minimums ($2.10), there was no negative pools to deal with. If it was a short field and you saw a bunch of $2.10 payouts then maybe the books or tracks would take a hit.

wilheim · Jul 11, 2004

WB - talking about bookmakers, the kind that book horses out of their own pockets. Scotty knows what I mean.

wil.

WildBill · Jul 11, 2004

I still don't get it, please explain it to me. Track payouts are cut in half to handle this, why should it be any worse for the books?

wilheim · Jul 11, 2004

For generations credit bookmakers wrote horse wagers with limit payouts eg. 15-8-4 to 1 across the board. Exacta payouts 100 to 1 and anything else like superfecta or pick 3s etc usually 250 to 1. When you have multiple winners at each postition a book has to pay out quite a bit more than normal limits. For example the 4 to 1 max for show betting in this case ended up being more than 9 to 1. Place betting max of 8 to 1 ended up 12 to 1. The exacta pay off max of 100 to 1 ended up 113 to to one.

wil.