Tuesday, December 16, 2008

Trifecta Poll Results

I have been running two polls since last May 2008. One poll was about the 'Trifecta Cost' and the other was about 'Trifecta Success'. I had a total of 28 respondents. Thank you for those of you who visit my site for your responses.

Here are the results of those polls.

When you bet trifectas, what is the average cost of your bet?

$6 or less ............................. 32%
$12 but more than $6 ......... 32%
$24 but more than $12 ........ 26%
$48 but more than $24 ........ 0%
more than $48 ................ 11%

What is your success with trifecta bets?

Over 100% net gain ........... 0%
50% to 100% net gain ......... 22%
0 to 50% net gain ............ 44%
negative net gain ............ 33%

It is interesting to note that 89% of the respondents bet less than $25 when they place a trifecta bet. That represents most of you out there. However, 11% of you bet over $48. (This may be those of you who follow TVG and place there suggested bets.) Unfortunately, I don't have coordinated data to know how many of those 11% collect on their bets and what is there net return. Looking at Golden Gates recent statistics the average payoff for trifectas is $288. If you win at least 25% of the time with your $50+ bets you may be making some money.

Looking at the Trifecta Success poll the respondents say that 2/3's of the time they are scoring a net gain. 22% say their net gain is between 50 and 100%. 44% say their net gain is between 0 and 50%. 1/3 of you say your losing money on the bet.

I hope that this sheds some light on your chances with the trifecta bet. Good luck with your bets.