Players' Pool excitement
One of the items on my job description I was most excited about when I signed on as director of marketing at Bloodstock Research Information Services was the role of captain of the TwinSpires.com Players' Pool.
I'm a big believer in syndicate betting for two reasons: A) I think it gives all involved a better chance at hitting a big number that still includes logical horses, and B) it's a great way to introduce bettors to the super exotic wagers that produce some of racing's biggest payoffs.
Both points speak to the original mission of the bet when brisnet.com launched account wagering's first-ever Player's Pool for the 2004 Breeders Cup. The splash was immediate when the syndicate returned better than 9-to-2 to its investors by scoring five consolation pick six tickets worth $56,149 each for a total return of $280,748 on a $44,280 investment (it missed Wilko).
My predecessor at BRIS, Rich Nilsen, was an inaugural panelist and went on to captain several successful pools for TwinSpires. Although I have no experience betting $100,000 in a single weekend, I have pushed through my share of big wagers on behalf of other people through the years as captain of my own Big Event Syndicate that showed a 6.12% profit across12 events dating back to the 2007 Kentucky Derby.
The goal is not to grind a profit year to year, but to have the big score.
Obviously I'm proud of a long-term profit in this game, but year to year being close to a big score but zeroing out always seemed more fun than breaking even. I get that something is better than nothing, but I don't think anyone puts $10 into a wagering syndicate really hoping for $12 back.
Being alive for a chance at a 4-to-1 score versus being alive to break even is worth the $10 to go for gusto even if you roll craps now and again.
And so it will go with this year's Player's Pool. Or put another way, if Breeders' Cup day chalks out, then we're going to lose. We definitely want to leverage our capital to catch the logical contenders who pay $20 to win and even some of the fringe contenders who pay much more than that (Midday was Players' Pool handicapper Jude Feld's best bet last year).
Those interested for my thought process behind how we structured $100,000 worth of tickets can check out the multiple race wagering analysis available via brisnet beginning Thursday, November 3. That file itself is $5 but is included for those who subscribed to the Ultimate Breeders' Cup Handicapping Package.
4 comments:
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That's a fascinating look into the Players' Pool strategy! I totally agree about the appeal of syndicate betting – chasing that big score is way more exciting than small, incremental wins. It's like playing paper.io 2; sometimes you have to risk losing territory to grab a massive chunk and dominate the board.
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