Santa Anita brings you horse racing roulette

blueline

blueline

EOG Master
https://www.paulickreport.com/horse...roduces-horse-racing-roulette-win-only-wager/


Long popular in Las Vegas and casinos around the world, Roulette will take on a new form beginning with Santa Anita's Winter Meet opening day, Wednesday, 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 percent 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.
 
John Kelly

John Kelly

Born Gambler
Staff member
Not a bad idea but I would love to see the racetrack stake the pools for liquidity's sake.

Additionally, if you can tie such a wager to the California State Lottery to recruit some dumb money into the pools, all the better.
 
D

dinkenson

EOG Dedicated
they are creating 3 betting interest races where there are three horse entries .... ridiculously stupid.... will not make it through the meet
 
Neveragain

Neveragain

EOG Dedicated
This marketing gimmick will fail.

In my extensive experience playing casino roulette, I believe most bets are on inside numbers.
On average I would estimate players bet 80% on inside numbers and 20% or less on odd/even or colours.
This roulette gimmick simply can’t offer up the most preferred/popular betting pattern of roulette players.

Also, racing nubes are already betting numbers and colours (of horses and silks).
So there’s redundancy with the red/black/green additional colours.

Another problem is identifying the winning colour without constantly checking your program down the stretch.
Or maybe this is just a gimmick to sell more programs?
 
John Kelly

John Kelly

Born Gambler
Staff member
It will make it through the meet, if only because management wants to give it a chance.

Look how long SoCal racetracks kept quinella wagering alive when there was little or no interest in the wager.

Hard to find new wagers that appeal to both newbies and experts.

I think the strategy with "Racing Roulette" is to simplify the game for newcomers.

Everyone can understand red, green and black.

Try explaining the silly Grand Slam at NYRA to a newcomer.

Or asking a new fan to hopelessly select a winning superfecta or Super High-5 wager.

The show bet, though a lousy wager compared to others, is good for newcomers because of its simplicity and high hit rate.
 
Last edited:
John Kelly

John Kelly

Born Gambler
Staff member
Neveragain said:
This marketing gimmick will fail.

In my extensive experience playing casino roulette, I believe most bets are on inside numbers.
On average I would estimate players bet 80% on inside numbers and 20% or less on odd/even or colours.
This roulette gimmick simply can’t offer up the most preferred/popular betting pattern of roulette players.

Also, racing nubes are already betting numbers and colours (of horses and silks).
So there’s redundancy with the red/black/green additional colours.

Another problem is identifying the winning colour without constantly checking your program down the stretch.
Or maybe this is just a gimmick to sell more programs?
Click to expand...


Excellent contribution, Neveragain.

Good point about newbies already betting numbers and colors.
 
John Kelly

John Kelly

Born Gambler
Staff member
WeinketoWarrick said:
I’m a sucker for playing the NYRA grand slam when I don’t like the card but still want action
Click to expand...

Grand Slam Payoff Calculation

In the first three legs of the wager, equal weight is awarded to winning selections. In the fourth and final leg, the selection must be the official race winner. The payoff is posted as one price based solely on whether the bettor has correctly selected at least one winning selection in each of the four legs of the Grand Slam. Place or show wagering must be available in any of the first three legs of the wager for a horse to qualify as a winning selection finishing second or third. For example, a horse that finishes third in a race with no show wagering is not a winning selection
 
trytrytry

trytrytry

All I do is trytrytry
This bet is terrible I just learned if the Green silk Lead pony wins the race all bets lose. avoid.
 
Neveragain

Neveragain

EOG Dedicated
Update from Twitter.
Roulette wagering not so popular.
This was the pool totals in yesterday’s 5th at the great race place.

2B32DDB3-C238-4743-B695-799F15213DEE.jpeg
 
blueline

blueline

EOG Master
I thought about this today at SA in race 8 saw at around 3 MTP Red was 3.40
$2 HRR (RED 4,6,8: 4/5. BLK 1,3,7,9,10: 6/5. GRN 2,5,11: 12/1.)

6 wins at even money and 8 runs second
$2 Roulette (Red) Paid $10.80
any idea what was in that pool
 
Neveragain

Neveragain

EOG Dedicated
blueline said:
I thought about this today at SA in race 8 saw at around 3 MTP Red was 3.40
$2 HRR (RED 4,6,8: 4/5. BLK 1,3,7,9,10: 6/5. GRN 2,5,11: 12/1.)

6 wins at even money and 8 runs second
$2 Roulette (Red) Paid $10.80
any idea what was in that pool
Click to expand...

Roulette pool was just $767 and wps total was $300k

The new roulette bet type introduced in December has been a failure that fans have overwhelmingly rejected.

It amazes me how many race tracks pay big bucks for marketing executives with zero knowledge of gambling.
Without gambling, there would be no race tracks.

http://www.equibase.com/static/chart/pdf/SA022819USA8.pdf
 
John Kelly

John Kelly

Born Gambler
Staff member
Definite flop.

I watched the Santa Anita signal today and they flash roulette probables at the end of an exacta cycle.

Tsk tsk.

Deserves a crawl along the bottom of the screen, if that.

Actually, the right move is to pull the plug.
 
blueline

blueline

EOG Master
Wouldn't have taken much to move the payout. I did almost post it in best bet thread hoping to steal half a unit.That would have worked out ok
 
trytrytry

trytrytry

All I do is trytrytry
its hard to even see that pool amount or will pay at any ADW online, do any show it and update it?
 
ChiTownJoe

ChiTownJoe

EOG Dedicated
I looked at yesterday's results ....don't think there was a winner over 7-5. Didn't look at the card, but it is tough to play into 5-6 horse fields in the majority of races. "Great Race Place" fits for about 5 days a yr.
 
ChiTownJoe

ChiTownJoe

EOG Dedicated
IS the roulette thing a Stronach track thing? Saw it at GP, not sure if they offer it at Laurel, Golden Gate?

I don't even look at the bet and to answer Tryx3 I've never seen the willpays on any ADW.
 
blueline

blueline

EOG Master
found this from Tim Ritvo :

The wagering menu has also been a target of change at Santa Anita in recent months, and the newest effort has been labeled "horse racing roulette," which would group horses in each race into three betting categories—red, black, and green. Ritvo said the idea came from the Las Vegas-based company Cantor Gaming, and the wager, at least in its early stages, is targeted at the "novice customer."

"The target is definitely not the sophisticated wagerer," Ritvo said. "The target is a new customer to make it simpler to churn and not get killed."

Ritvo bristled a bit at the reaction the new wager received from vocal gamblers, mostly on social media, that a three-option wager with 15.43% takeout is poor value.

"The economic engine of this game is the sophisticated wagerer—the people who know how to bet. But at the same time, those people need new money in the pools," Ritvo said. "They need liquidity. You need new money in the pool.

"If I'm a sophisticated wagerer, I should be going, 'Oh, let me see how this works, and let me see if there's a weakness in the model.'

"Let's say I have a favorite restaurant, and all the sudden they add scallops on the menu. If I don't eat scallops and they took something else off my menu, I'd be like, 'What the heck? I'm stuck with scallops.' But if they put scallops on the menu and don't take anything off, I'm not going to go, 'What the heck? I don't eat this.' I'm just not going to order it."
 
patswin

patswin

EOG Veteran
when i saw the thread headline I thought it was referring to 22 dead horses at the meet. Its roulette sending a horse out there now
 
You must log in or register to reply here.
Top