N2W
I have an idea for Lone Star Park, the “Not to Win” pool. Of course, only available at Lone Star Park on line or at the event.
Here's how it works: First, Gary Ruff gets season box seats for life for coming up with this idea (with courtesy free meal and 2 drinks). If another park uses my idea, I'll do the deal with them.
2.You create a “Not to Win Pool”. It acts much like “shorting the stock market”.
3.If I bet the 6 horse “Not to Win” (N2W), then I will get paid from the pool by WHERE the 6 horse finishes. If it finishes last, (like Big Brown), AND not many players placed this same bet, then I am a big winner.
4.If the horse finishes somewhere in between, say 4th... then the pool is divided as such:
1. 0%
2. 2%
3. 3%
4. 4%
5. 5%
6. 16%
7. 17%
8. 18%
9. 9th to last gets split up evenly
You can offer DNF insurance or Scratch insurance so that bettors whom use a system can feel confident that their bets will be safe far in advance of the race.
Example: I get on line a few days early of the Preakness. I have a system. The Preakness offers me DNF or Scratch insurance (DNFSI) for a rate of $1.00 for the entire race day. ($1.00 is just an example, that can be determined later how to develop the real price). If something “odd” happens that day, the insurance pool can pay out to the bettors affected.
As a matter of fact, if you combine my N2W idea with DNF and Scratch insurance, you could come with a pool called “Loss Protection Insurance”. Just think if everyone coming to the track today purchased the insurance, through some computerized system, they ALL could leave with a check.
What? Yes. When they get home, they are still tied to the races because they will want to know what their “insurance” will pay. Make insurance cost $1.00 per unit. They can purchase as little as 1 unit or units much higher of insurance! What does this do? Well, first of all, people will feel protected and less afraid to come to the race park to place conventional bets. Secondly, they will feel more free to bet on Big Brown to win, as they place an insurance bet (a real insurance bet) that he doesn't do any worse!
The track is not losing any money. The bettors place their insurance bet and draw from the pool the same as if they were betting to win. The difference is that the common guy will feel protected, and gambling will become more “friendly”.
Peace Out, Gary Ruff - Horse Bettor and Compusician
PS There are 2 main motivating factors in life (maybe more). Greed and Fear. Why not make money at both ends? If I go in and bet on Big Brown to Win, maybe I have a 10 cent fear with that bet. 10 cents of insurance. If I go in and bet “Gary's Dream O Rama”, maybe I want to purchase a little more insurance. The point is, money can be made playing on both ends of Greed and Fear, not just Greed.
Love is the 3rd motivating factor, I haven't quite figured out LEGALLY how to do that one! :)
(And if you did, what would the Brothels in Nevada be like????)
Monday, September 01, 2008
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