nyc1347 Wrote:
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> Rick B!
>
> I made exactly Five show bets this weekend and all
> the same amount.
> I made $1600 for my shows and lost about
> $400 or so with some win wagers, food, drinks,
> thorograph(overhead) etc. Not a bad day at all
> for me.
(Later corrected to: $3200 in profit on the show bets, and loss / overhead of $1400.)
Far be it from me to \"critique\" your play -- I don\'t have the courage to bet $4000 on anything -- but after some quick numerical analysis my observation is that you are playing with fire.
You have to hit such an incredible percentage of these bets into semi-blind pools just to maintain your bankroll that you have almost no upside whatsoever, unless you simply don\'t miss: you hit 3 of 5 bets this weekend, which is pretty good even for show betting (to those reading along: try it -- it\'s not so damn easy)...but if you miss one more bet, you are a LOSER for the weekend, and you still have your losses and other overhead to deal with.
If it works for you, great, but it feels to me like you are skating on the thinnest of ice surfaces with this betting method. I\'m old school, and would rather bet a little to win alot. I have to admit, though, that there is something sexy about cashing a $4000 show bet that pays $11,200 like Real Obvious did.
(Question: Does that >$10K payout trigger any sort of IRS paperwork, like Cash Transactions Over $10,000? Or do you break up your bets to make sure that you avoid such nonsense?)
>I cant believe Blind Luck paid so much!
That was undoubtedly your best show play: my last look at 1 minute to show had DMC at about 60% of the show pool and Blind Luck at 20%; with net pool pricing now in place, you would have gotten a decent show price on BL even if DMC did hit the board.
I probably don\'t need to tell you what an incredibly low percentage play Working For Hops was: you were essentially hoping to grab one of the two remaining show spots (you didn\'t really think Paddy would miss, did you?) at a suppressed price...again, if not for net pool pricing, you would have been playing for a 5% return there.
Anyhow, good luck to you, and thanks for sharing what is usually closely-held information.