Horse Racing Roulette? Santa Anita’s new wager fails to deliver value to bettors

Santa Anita Park will open the gates for its own winter meet on Dec. 26 with a brand-new wager named Horse Racing Roulette. I’m not joking.
The new wager will debut as a win-only bet and will be available in all races throughout the match that have six or more horses.
Horse Racing Roulette will group horses together and mark them red, green or black at the track program, and payoffs will be produced according to the colour of the winner and standard pari-mutuel calculations.Here will be the fundamental elements and rules of Horse Racing Roulette at Santa Anita Park:
??? It is a $2 minimum wager, and also the monitor boasts a reduced 15.43 percent take-out pace.
??? Races has to have a minimum of six runners, and horses will be placed into three classes: Red, Black or Green. Typically, the morning-line favorite is going to be part of the Red Group. The Green Group is going to be compromised of longshots.
??? The 3 classes won’t have an equal amount of horses, in most cases.
??? Whichever group includes the race winner, wins that”game” of all Horse Racing Roulette.
??? In the event that all gambling interests are scratched in a colour group, gambling will be stopped and all wagers refunded.
In the event of a dead-heat for first place, the pool will be split between the winning classes.
Is Horse Racing Roulette a good idea?
I acknowledge the need for Your Stronach Group, which owns Santa Anita, to recruit new horse players, and I encourage new ideas that do so. I also get the drift of trying to pull people who’ve gambled before by enticing them with a familiar wagering game like roulette.
But individuals who’ve played roulette are probably attracted by the 35/1 odds of hitting a direct number. By decreasing all of the horses in a field to three betting”colors”, the longest price of these color choices will not be so long. Roulette players won’t be rushing to the racetrack to play a roulette wheel with only three betting interests, in which the longest price of this spin would pay out in 5/1 chances or less.
This”fresh” bet has a small odor of despair. There are already plenty of wagers out there, several for 50 cents, 20 cents and even a dime. A $1 bet with little payout will not be effective at attracting new or old clients, or perhaps derelict gamblers.
An individual can just look to the chronic three-horse races that occur almost daily in New York. They generate hardly any betting interest and offer no value, and nobody puts much effort or money into gambling a three-horse race.
Viable Alternatives?
I would hate to party a notion without providing an alternative solution.
I have learned over the years that horse players just would like to be acknowledged and not be abused. They want a reason to wagerthey demand value and they also like free stuff. How about:
??? A free voucher for a $2 launching Daily Double bet, which would benefit the early birds having a shot at getting off to a good start with the track’s cash.
??? A handicapping competition every Saturday, where the track puts up a couple of grand and the bettors fit their skills against each other with a mythical $500 bankroll.
??? One day a week when the track guarantees full fields of ten horses in every race. Value is what we look for in a hurry, and there isn’t any in brief fields.
??? One day per week when the track lowers it’s takeout to 10 per cent, providing bettors a big motive to swarm into the monitor.
??? A pick-6 sequence where players get to pick the 6 races of their selection.
??? A free beer, sexy dog, parking or track program, which may go a very long way in the track’s relationship with its clients.
If more people arrived at the racetrack, the magic of thoroughbred racing could finish up. Tracks need to stop being so greedy and realize we are not just going to line up and down down our money, especially when no value is evident. Three- and four-horse races, 26 percentage takeouts on pick-6 wagers and $20 entry fees before you even make a bet don’t just put out the welcome mat.
Horse players whine that a lot and are not easy to please, but it’s feasible for tracks to offer the value they’re searching for. I just don’t believe Horse Racing Roulette is gonna take action.
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