19 May 2011

Knowing Who's Gonna Win Kinda Takes The Fun Out Of It

I hope this video embeds well. You may have to click the arrow a couple of times if it doesn't work the first time (it should open within the blog post eventually so close any popups).

I love The Beverly Hillbillies and caught this episode a few weeks ago on TV. This is classic horse racing comedy. Don Rickles helps. The real good stuff starts at around the 11:45 mark.

Jed Clampett's system: "I just pick out the horse that looks like he can outrun the others."
I think there are a few Horseplayers who handicap that way these days. With the flagrant use of concoctions and treatments like hyperbaric oxygen chambers, it might be the best way to make money. The past performances become less and less of a reliable tool.

"There must be 50,000 people here." Thems were the days. Takeouts were around 15%, and there was plenty of churn because you could only wager on a handful of exotics each day. Some Horseplayers could actually leave the joint with more money than they came in with.


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3 comments:

Ron said...

The only bad thing about those days was limited or no exotics. Especially SOCAL. There was a lot of place and show betting back then. 5 across the board was a popular bet and when u factored breakage on place and show bets it made the takeout pretty high. Close to todays levels on wps because today there's very little place and show and breakage isn't as big a factor.

Cangamble said...

Ron, the money wagered on WPS is still high these days. Even when you take breakage into consideration on average, WPS gross takeout is still lower than exotics.
Win pools always got the bulk of the action, and breakage on WPS on average is less than 1%.

Ron said...

Wps make up about 1/3 of all monies today and place and show much less. Back then place and show combined for about 40% of the pool . Breakage on those bets help kill churn. It raised overall take by 2.5% Which though better than today, It still cost 2 or 3 bucks to get in the track when most people only brought 40 or 50 bucks to the track back then. All things that hurt handle. Racing just had a monopoly back then but still didn't capitalize fully on what could have been even better handle.