cosmicsports
Colt
I have n't been posting for some time because of various reasons but here is a subject that interests me.
Recently the French tote has divided the racing pools in two ways. One for people who bet on course and another for people who bet over the internet.
A friend won something and the price they paid him at the shop was different to the one he saw online so when he asked they explained him that
they did not follow the internet pool but the "land based pool" as they called it.
So that's what the French have done for marketing reasons of their own.
Now suppose the tote did the following thing:
Create one pool for all the bets of 500 quid and above and call it the "pool A" and a second pool for all the bets under 500 quid and call it the
"pool B".
If there is a difference and "pool B" is better -as I will show that infact it is- then of course someone who wants to bet 1000 quid can make
it into four 250 quid bets and stay in "pool B". But also he and his fellow big money spenders might protest over the whole thing and demand
there is no "pool B".
Suppose nevertheless that those issues are circumvented and "pool A", "pool "B" work as intended.
Why is pool "B" better ?
It is better because when the favourite wins or some 2nd-3d chance wins, then in the mixed pool (the 'A+B') the ones with the big money will
load it, sending the price down.
But in "pool B" the bettors tend to be a) less savvy, b) go for the rank outsiders - to win some dough without spending much.
Also we all know that when we win, we win when we back the 1st-2nd-3d-4th chance and the rest are once in a year situations, or once in
five years.
I have experienced this in the 90s in Greece with the tricast market.
What was going on ?
Well, the racecourse wanted to introduce the tricast but we had the old system with numbered coupons hanging from the walls and there was no way
to make a tricast wall - too big.
The racecourse had purchased computer terminals to change everything but those terminals were still in the factory, in the production stage.
So they introduced the tricast market in a hybrid way. They installed some Acer pcs in various hamlets around the place and each pc was also
equipped with a small thermal printer. To play the tricast you had to queue for several minutes, because there were n't all that many sales points.
This resulted in the big bettors avoiding the tricast. They liked the idea but they were avoiding it, because that way they were going to miss
the paddock, miss the going down and also the important last minute conversations in the big chambers with the traditional coupons.
So in effect it was a pool "B". The people who stood in the queues were old men and some stable boys.
So what then ?
Well, the prices were fantastic. One week holiday in Mykonos if you scored a tricast.
Sometimes I did stand in those queues - and that was rather profitable for me.
It lasted from mid 1997 to mid 1998 when the real terminals arrived and the whole place was rennovated.
And what happened after 1998 ?
What happened was that now everybody participated in the tricast betting. The 50 to 1, 100 to 1 prices became 15 to 1, 20 to 1 overnight and I knew it was going to happen.
Therefore you see what the effect is, from this example.
Question:
Would it be a good idea for the tote to create "B pools" like that, or not ?
And if not, why ?
Recently the French tote has divided the racing pools in two ways. One for people who bet on course and another for people who bet over the internet.
A friend won something and the price they paid him at the shop was different to the one he saw online so when he asked they explained him that
they did not follow the internet pool but the "land based pool" as they called it.
So that's what the French have done for marketing reasons of their own.
Now suppose the tote did the following thing:
Create one pool for all the bets of 500 quid and above and call it the "pool A" and a second pool for all the bets under 500 quid and call it the
"pool B".
If there is a difference and "pool B" is better -as I will show that infact it is- then of course someone who wants to bet 1000 quid can make
it into four 250 quid bets and stay in "pool B". But also he and his fellow big money spenders might protest over the whole thing and demand
there is no "pool B".
Suppose nevertheless that those issues are circumvented and "pool A", "pool "B" work as intended.
Why is pool "B" better ?
It is better because when the favourite wins or some 2nd-3d chance wins, then in the mixed pool (the 'A+B') the ones with the big money will
load it, sending the price down.
But in "pool B" the bettors tend to be a) less savvy, b) go for the rank outsiders - to win some dough without spending much.
Also we all know that when we win, we win when we back the 1st-2nd-3d-4th chance and the rest are once in a year situations, or once in
five years.
I have experienced this in the 90s in Greece with the tricast market.
What was going on ?
Well, the racecourse wanted to introduce the tricast but we had the old system with numbered coupons hanging from the walls and there was no way
to make a tricast wall - too big.
The racecourse had purchased computer terminals to change everything but those terminals were still in the factory, in the production stage.
So they introduced the tricast market in a hybrid way. They installed some Acer pcs in various hamlets around the place and each pc was also
equipped with a small thermal printer. To play the tricast you had to queue for several minutes, because there were n't all that many sales points.
This resulted in the big bettors avoiding the tricast. They liked the idea but they were avoiding it, because that way they were going to miss
the paddock, miss the going down and also the important last minute conversations in the big chambers with the traditional coupons.
So in effect it was a pool "B". The people who stood in the queues were old men and some stable boys.
So what then ?
Well, the prices were fantastic. One week holiday in Mykonos if you scored a tricast.
Sometimes I did stand in those queues - and that was rather profitable for me.
It lasted from mid 1997 to mid 1998 when the real terminals arrived and the whole place was rennovated.
And what happened after 1998 ?
What happened was that now everybody participated in the tricast betting. The 50 to 1, 100 to 1 prices became 15 to 1, 20 to 1 overnight and I knew it was going to happen.
Therefore you see what the effect is, from this example.
Question:
Would it be a good idea for the tote to create "B pools" like that, or not ?
And if not, why ?
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