Tuesday, July 29, 2008

10 Cent Superfecta Poll Results

My 10 Cent Superfecta Poll has been on my blog for a couple of months now and the final results are now in.

What is your success with the 10 cent superfectas?

Over 100% net gain 7%
50 to 100% net gain 13%
0 to 50% net gain 40%
negative net gain 40%
Total 100%

The results are very encouraging to me. 20% of the horseplayers participating in my poll are getting a net gain of 50% or more. 60% of those using the 10 cent superfecta are making money on the bet. It's the small time bettor that is using this bet (the high rollers use $2 superfectas that can run into hundreds and thousands of dollars) and it certainly seems from the poll results that 60% have found a way to make some money.

I have a new poll that will run for a couple of months. What is your success with the Pick 3?

See the side panel on my blog. Let me know how you are doing with your pick 3's.

Thanks to all who have participated.

Tuesday, July 1, 2008

Conditional Betting

What is conditional betting? Recently Twinspires offers the capability of making conditional bets. These are bets that are only executed if the condition you specify is satisfied. Why would you want to make a conditional bet? Some horse players already watch the toteboard to see if certain conditions are met before they place a bet. This is a rather intensive activity that can play upon your emotions. Many times not a good situation to be in. Also waiting to right before the race starts, 1 or 2 minutes before, you may not be able to get to a window at the track to place the bet. Rather than having to watch the toteboard constantly you can enter the conditional bet and not even be where the toteboard is available to you. You can be at home and enter the bet over the internet. Then you can check later and see what the result is.

So what does a conditional bet look like? Here is an example.

Race #3 07/01/2008
$20.00 Win (6/5 @ 2mtp)

In race #3 on the 1st of July at Philadelphia Park I entered a $20 win bet on the #4 horse with the condition that the tote must be 6/5 or lower with 2 minutes to post. If that condition was satisfied then the bet was entered and executed.

Right now you can place conditional bets on win, place and show bets and exactas. The restriction on exactas is that the bet is a simple exacta bet like horse A with horse B. No boxes or key exactas can be conditional. This doesn't keep you from making multiple simple exactas however. That's a little laborious to do but it can be done if you have the patience.

I am experimenting with strategies that include conditional betting. I'll report back to you later on how well the strategies work.

Stay tuned.