Sc Pick 6- Interest?

Rebecca Rose Hepburn · Post by **Rebecca Rose Hepburn** » 15 years ago

I've been tossing around the idea of holding my own SC pick 6 contest, and I'd love to get some feedback from you guys on the idea.

Here's what I'm thinking. I'll put a chunk of my SIM money foward as a guarenteed payout, like race tracks do. When the SC rolls around I'll pick what I think are the 6 most competetive races and you guys can compile pick 6 tickets on the races. The money you bet gets put in with my guarented payout, and will be payed out the way they do it in real life (to anyone who hits all 6, if that doesn't happen then to anyone who hits 5 of 6 etc). Basically I'd try and keep it as realistic as possible.

What I want from you guys is seem feedback. Is this something you'd be interested in participating in? Would you even be willing to give me a hand? I'd be looking for anybody who is more knowledgeable in betting to help me figure out the payouts, and maybe some donations to the guarenteed payout pool.

Mike Eaton · Post by **Mike Eaton** » 15 years ago

I like this idea alot Rose. Im sure it would get lots of action and make it even more exciting then it already is! Im not really sure how it would go getting peoples money though?

John Slotmon · Post by **John Slotmon** » 15 years ago

Rose, not only do I like the idea, but I'll help host it if you'd like some extra SIM bucks.

Jolene Danner · Post by **Jolene Danner** » 15 years ago

Tracks ONLY put money in if the pool doesn't hit the guarantee. That doesn't happen very often. The guarantee is usually set in place when it's already a big day and the size of the pool is already projected to be that high. otherwise it's a true parimutuel pool like every other bet. There are only a few reasons for a track to add to a pool, a guaranteed pool that doesn't meet the total i'ts supposed to or a negative pool. Both are usually well thought out so it doesn't happen.

So if you wanted to be realistic. You guarantee $500,000k the any part that doesn't get bet in by other players you'd have to put up yourself. Then you take 25% for 5/6 pay outs after taking the 15-20% take out that the track takes for the pick six right? lol

A.R. Roberts · Post by **A.R. Roberts** » 15 years ago

JoleneD wrote: Tracks ONLY put money in if the pool doesn't hit the guarantee. That doesn't happen very often. The guarantee is usually set in place when it's already a big day and the size of the pool is already projected to be that high. otherwise it's a true parimutuel pool like every other bet. There are only a few reasons for a track to add to a pool, a guaranteed pool that doesn't meet the total i'ts supposed to or a negative pool. Both are usually well thought out so it doesn't happen.

So if you wanted to be realistic. You guarantee $500,000k the any part that doesn't get bet in by other players you'd have to put up yourself. Then you take 25% for 5/6 pay outs after taking the 15-20% take out that the track takes for the pick six right? lol

15-20%! I wish, I believe NYRA is up to 26% right now...

Ronnie Dee · Post by **Ronnie Dee** » 15 years ago

One year, I did a Daily Double betting pool for the SC Turf and SC Classic via the Forum. The biggest hassle was the betting of Sim$. Unlike Game Points, one has to send the bet money and payoffs via the "temporary sale" of horses.

Franky Dam · Post by **Franky Dam** » 15 years ago

The idea is good but the way you want to execute it might be darn near impossible. It's hard to transfer money between players in the sim and with the bankrolls that people have they will be able to bet a lot of combinations. You would need to standardize it in some form where you cant go above X combinations. A 2x2x2x2x2x3 = 96 would cost $192 as a $2 pick 6 ticket in real life. A $192 ticket is nothing in sim money so people could add several mores horses to their ticket and have a much better shot of hitting it. Also the guarantee part is tricky because there will be no carryover. So technically you would have to payout whatever you gaurantee as tracks would do on their last day of the meet or in this case the for the Breeder's Cup, there is (was) no carryover. (I'm not sure how they are working it with increased # of races and 2 day format.)

My suggestion would be to make a standard entry fee and you cannot go above X combinations on your ticket. If someone correctly picks 6 then throw in the bonus that you want to give, instead of a guarantee. The problem is that I'm not sure how many true gamblers are on the Sim and would participate when they have to put money up. The contest I run is free and routinely gets around 30 entries, I'm guessing about 2/3s would not participate if their was some sort of fee attached to it. I could be wrong on that though, just pure speculation.

Jolene Danner · Post by **Jolene Danner** » 15 years ago

when we do pick six contest for the top 20 parties we do this:

You get 15 horse to use however you want. you do not have to use them all.

The winner is the person/people who hit 6/6 with the least # of horses used. If no one hits 6, then it's the person with 5 and the least # of horses used. Usually the races we pick have 7-12 horses in them. So you might want to increase 15 to 20 or something since the races here will most likely have 11-14 or so. You can charge and entry fee and then winner takes all. Or instead of money maybe offer a prize.

The logistics of a real payout for a real pick six type bet are extremely hard to imagine undertaking here.

Jimmie Jones · Post by **Jimmie Jones** » 15 years ago

I would certainly be interested in participating in a Pick 6 pool if the logistics can be worked out. It sounds like it will be very tough to work out the betting and collection of fees. I do like the idea of a set entry fee and then being limited to a certain # of horses. That way everyone has a level playing field. Payouts should be easy. You take the pool and divide it up to whoever has the most right. If that's 1 person they get the whole pool, if 10 people pick correctly divide the pool by 10. My 2 cents.

Inca Stables · Post by **Inca Stables** » 15 years ago

I would be interested if the details could be worked out. I also believe one of the many statisticans (Eric, Ronnie) and programmers could figure out a way to implement this.

Miryam

Rebecca Rose Hepburn · Post by **Rebecca Rose Hepburn** » 15 years ago

Thanks for all the feedback! I'll work out the details and get back to you guys

Lea McPherson · Post by **Lea McPherson** » 15 years ago

I love the idea. would be great fun!!