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Reply
Hi Barb
Lets say you post The following ....
: I then choose to bet when I see the odds at 2 MTP. I understand Bill is still considering whether you can change your bets if you post early and by race time the odds fall below a certain limit. My real bets would not be on my first choices if they drop below 2.5. I would probably put more on place of second choice.
Here are my issues
1. If in each and every one of your post it
is clearly comminicated as exactly what you want to happen, I can make changes
HOWEVER: Any adjustments that need to be made will based on FINAL ODSS There is no
way I can know what the odds on a horse were at 2 minutes to post
2. This contest does not decide for you to bet on a pre picked race.
Each poster could be able to edit picks right up to post time
provided it is within the allowed edit time available on pace and cap
3. I do not recommend changing selections based on going off odds, for the following reason
Lets say you instruct me to change a bet if if falls below 5/2
Your selections are horse AAA and BBB, you bet $50 to win on each horse,
at 2 minutes to post AAA is 3/1
at 1 minute to post AAA is at 5/2
some late money comes in on AAA
AAA wins the race !
When I see the official tote final odds
AAA ended up going off at 2.40 to 1 it payed 6.80
You posted that if my horse falls below 5/2 - no bet
lets look
You bet $50 - $6.80 x 25 = $170
if AAA went off at 5/2 and pays 7.00
You bet $50 = $7.00 x 25 = $175
You just cost your bankroll $120 profit because of a .20 cent "tick" drop
of the tote board
My suggestions
Post races were you have the chance to watch the board live
or since you know the danger involved
Bet horses with morning line odd at tracks with little or no scratches
that assure the chances they will not get bet down below your desired amount
Again if you go the conditional bet route remember I will score based on FINAL
ODSS only
comments and help on this subject welcome
Nothing is final till June 1
Bill
Last edited by Bill V.; 05-28-2012 at 11:50 AM.
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