Our story
when & where
our gallery
Best friends
join us
NYRA Looks Out for Its Customer; Good for Them
By admin | | 0 Comments |

The Week in Review by Bill Finley It's not often in this sport that John Q. Horseplayer gets a break, but that's exactly what happened last week when it was revealed that NYRA was no longer accepting bets from the so-called computer-assisted wagering (CAW) players on its Empire Six wager. The Empire Six wager joined the Cross Country Pick 5 and the late Pick 5 as NYRA wagers that are no longer available to the CAW players. The computer players use algorithms that predict the probability of a particular outcome. If their programs tell them that a horse has a 50-50 chance of winning and is 3-1 they will bet accordingly. They use the same methods for most pools and bet huge amounts of money. Because they receive rebates in the neighborhood of 10%, they don't even have to show a profit on their bets, just as long as their rebates are bigger than their losses. The number of bettors out there using these methods is minimal, no more than six or seven groups. But they bet so much money that they can severely tilt the pools and drive down prices by significant numbers. The Thoroughbred Idea Foundation estimates that CAW play accounts for as much as 35% of all monies wagered on U.S. racing. That would mean their annual handle is about $3.5 billion. Not that they are doing anything wrong or breaking any rules. These are very smart and innovative people who are willing to risk huge sums of money and have designed computer programs that put them several steps ahead of the average player. A case can be made that they deserve every last nickel they have made betting on racing, not just in the U.S. but around the globe. CAW players are, for obvious reasons, coveted by most American tracks. Tracks make money off of their percentage of the betting handle. Taking a micro view of how the business of racing works, why would any track turn away customers that might be betting tens of millions of dollars every year on their product? If only it were that simple. This is pari-mutuel wagering, gambling's version of survival of the fittest. The successful bettors are taking advantage of the unsuccessful ones. It's their money that they are winning, not the house's money. With the CAW phenomenon, which appears to be growing all the time, betting on the horses has turned into a matter of the whales vs. minnows. The whales have been gobbling up the minnows and after a while all the minnows will be gone. It's already happening. The CAW players are pumping billions into the pools across the country, which is a fairly recent phenomenon, yet handle has been stagnant over recent years when it comes to real numbers and has declined sharply when adjusting for inflation. That can only mean that a lot of those who might bet $20 on a race, $200 on a card and play the races once or twice a week have been driven out of the game. Horseplayers only have so much money to spend on the sport and once you tap them out they are going to move on. The regular players are getting particularly hurt in the jackpot wagers. The pools build up on their losing dollars and are too often scooped up by the CAW players, sometimes on a mandatory payout date. NYRA took a look at this and, obviously, had some concerns. “We are trying to level the playing field with these particular multi-race wagers so it's not tilted towards those folks with distinct advantages, meaning complicated algorithmic trading tools and an extremely high volume,” NYRA spokesman Pat McKenna told Steve Byk on his “At the Races” radio show. McKenna noted that NYRA can operate differently from other tracks because it is a not-for-profit and doesn't always have to adhere to the bottom line. It would be far more difficult for a Churchill Downs track or a Stronach Group track to turn away the CAW money. But even NYRA hasn't gone so far as to ban the CAW players all together. They are still welcome in all other pools and they are the reason why so many horses go into the gate at 4-1 and drop to 8-5 during the running of the race, which is a terrible look for the sport. CAW wagers go directly into the pools and can be played at the very last second. The status quo is not sustainable. Every day that this persists, another casual horseplayer gives up on the game. Racing cannot do without these everyday players. After a while, you're going to have nothing left but whales vs. whales. But good luck trying to get a for-profit track to turn away bettors willing to wager millions on their product. Probably the best anyone can hope for would be for NYRA to extend the exclusion into other pools and for other non-profit tracks like Del Mar and Keeneland to also experiment by barring CAW players from some pools. This is a serious problem for the sport and it's not going away. At least NYRA is trying to make a bad situation better. Dream Shake Impresses There were expectations that a star would emerge from Sunday's fifth race at Santa Anita, a maiden special weight going 6 1/2 furlongs. It happened, but just not with the horse everyone was expecting to win. Sent off at 20-1, 'TDN Rising Star' Dream Shake (Twirling Candy) turned in what might have been the most impressive 3-year-old debut so far this year. Trained by Peter Eurton and ridden by Joel Rosario, he kicked into high gear in the stretch and won going away, by 4 3/4 lengths. Eurton admitted that he never envisioned such a performance. “He went way beyond my expectations,” he said. “I had never really challenged him whatsoever. He was an unknown. For him to have closed and ran fourth with a nice finish and a nice gallop-out would have been satisfying, especially against the field of horse we were facing. There were a lot of horses in there that people thought highly of.” All indications are that the horse will be even better when stretching out. “He acts like, to me, a two-turn horse,” Eurton said. “He's not ultra quick but neither is he slow. Once he gets going, he covers quite a bit of ground. Going two turns is, hopefully, in the cards for his next race.” Eurton said he has not picked out the next start for Dream Shake but said a stakes race is a possibility. The same race included a rare bad showing from the Bob Baffert barn. He entered two highly regarded first time starters in Bezos (Empire Maker), the 3-5 favorite, and Tivoli Twirl (Twirling Candy) only to have them both get beaten by 15-plus lengths. That was bad news for the people who foolishly bet on Bezos in the Derby Future wager before he had even had a start, sending him off at 26-1. The Baffert horses deserve a second shot, but it seems highly unlikely now that either one will make the GI Kentucky Derby. The Katie Davis Saga Earlier this week, we wrote about Katie Davis's unhappiness over the New York Gaming Commission's coupled entries rule. The real point of the story is that she is being penalized by what is quite possibly the silliest, most out-of-touch rule on the books over at the Gaming Commission. There's no valid reason why her mounts must run as an entry with husband Trevor McCarthy's mounts when the two are in the same race. Protecting the betting public is one thing, but it's completely unnecessary in this situation. This is hurting Davis. It is hurting McCarthy. And it's cutting into NYRA's handle. It's well past the point where the Gaming Commission should have revisited the rule and taken it off the books.
คาสิโน888 คาสิโน88 เกม คาสิโน เกมส์ คาสิโน ts911 คาสิโน ออนไลน์
NYRA Excludes Computer Players from Pick Six Pool
By admin | | 0 Comments |

By Bill Finley NYRA is no longer accepting wagers from customers using computer assisted wagering (CAW) programs on its Empire Six wager. The new policy took effect Feb. 4. The Empire Six joins NYRA's Late Pick 5 and the Cross Country Pick 5 as pools that are now closed to a group of bettors who use computer algorithms to place their wagers and are known for betting huge amounts, particularly when there is a large carryover in a pool or a mandatory payout day. This was the second step in a process that began Jan. 1 when NYRA eliminated the jackpot portion of the Pick Six wager. No matter how many winning tickets are sold on the bet, which costs 20 cents, the entire pool is now paid out every racing day. With its new policies, NYRA is attempting to deal with what is becoming a growing problem for the sport in general. It is hard for tracks to turn down the business from CAW players because of the substantial contributions they make to handle.  However, the computer players are generally so successful that their winning wagers cut substantially into payoffs, penalizing players who don't enjoy the same advantages. Over time, catering to CAW players runs the risk of emptying the pockets of a track's regular players. The computer players have also been known to scoop up entire pools of wagers like jackpot Pick Sixes on the mandatory payout day. On Nov. 30, the Empire Six at Aqueduct paid $482,817. There was only one winning ticket on the bet and it was sold by the Elite Turf Club, which caters to large volume, computer players. “What we have seen with the Empire Six is that the jackpot pool is built and supported largely by the everyday horseplayers,” NYRA spokesperson Pat McKenna said. “When it comes to mandatory payout days, there tends to be an unequal playing field.” McKenna said that the move to keep the large players out of the Empire Six came after NYRA began analyzing its wagering menu and what impact the CAW players were having on ordinary customers. He also acknowledged that NYRA can more easily turn away handle from the computer bettors than most tracks because it is a non-profit. He said it was “likely” that handle would decline because of the steps NYRA has taken. “The fact that NYRA is organized as a not-for-profit with the clear goal of supporting thoroughbred racing in New York state puts us in an advantageous position in that this is not strictly about the bottom line,” McKenna said. “It is about supporting our everyday horseplayers who are consistently wagering day in and day out.” On Thursday, $53,362 was bet on the Empire Six, a bit more than what was bet the prior Thursday when $51,598 was wagered. NYRA still accepts wagers from CAW players in all pools excepting the Empire Six, the late Pick 5 and the Cross Country Pick 5. Like most tracks, it is not unusual to see a horse at Aqueduct go into the gate at one price and then have the odds on it drop precipitously during a race. In such cases, it is normally the result of CAW players making large, last-second bets on a horse. Not a subscriber? Click here to sign up for the daily PDF or alerts. This story was posted in Shared News and tagged CAW, Computer Assisted Wagering, Empire Six, New York Racing Association, Pat McKenna, Pick Six, wagering.
คาสิโน888 คาสิโน88 เกม คาสิโน เกมส์ คาสิโน ts911 คาสิโน ออนไลน์