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He appeared in the 1975 TV show The Odd Couple, based on the Neil Simon play about a sportsman/gambler named Oscar and his lifelong friend and oddball. Move over, Felix!

“Felix and Oscar went racing,” White said. “And Oscar tells Felix he can do the show bet and his horse just happens to finish in the top three.”

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“So Felix said. “I mean, you can bet on a horse and it can lose a race and you can still win money.” And have you lost money this whole year?

Lately, low risk, low labor cost is a big demand for change. If it’s a family gathering, it could be that crazy uncle or that Christmas sweater your grandma made you.

“With today’s desire to enter the lottery, the betting show is really like a dinosaur,” White said.

Only 4.5% of all owners bet on Santa Anita last year. Compared to 6.7% of seats and 21.0% for wins. Single races (exactas, trifectas, etc.) account for 40.1% of bets, and multi-race bets (doubles, pick-threes, etc.) are good for 27.7%.

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Santa Anita, which opens its winter/spring season on Monday, has shown little interest in betting tips to help attract new fans to the sport.

It’s a game called ShowVivor. It’s been around for a few years, but Santa Anita has changed. It’s free and offers a $5,000 cash prize broken down into various categories such as longest show, winning number and spot, and highest payout.

You go to the website (santaanita.com/showvivor) so you know how to run a small business to learn more about its customers.

“From a marketing standpoint, you have to visit the site every day,” says Nate Newby, Santa Anita’s vice president of marketing. “[Racing] is the perfect combination because it seems easy to pick a show horse every day. But it’s also harder than you think. … It’s almost like an immersive show. If the horse falls, many people will perish. “.

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“We’ve seen it with our marketing managers [employees who help new gamblers],” Newby said. “They agree to see the first few days, then people come back and say, ‘I want to make more money.’

“For some, the transition takes only a few hours, as some go from gambling to trifecta bets on day one.”

There are several reasons for the decline in competition over the years, mostly related to the health of the competitive market. “What was killed was a short five-horse race,” said Brad McKinsey, vice president and president of the Los Alamitos Racing Assn.

“A show bettor today might pay $2.10 or $2.20. On days with full fields, you can bet on the first or second favorite horse and get $3.20.

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A fun game for beginners is the parlay game, where you take all the money you win in one race and simply add it to the bets you place in all subsequent races.

“The example I use is my mother,” McKinsey said. “He used to come here with some friends and they would do a parlay show. They all put down $10 and bet that the favorite would show. At the end of the race they’ll have $400 or $500 because they’ve more than doubled their money. Now they’ve got $2.20 and there’s no going back.

“All betting tips are wins, places and shows,” White said. “$2 double for the first and second race and $5 for the third race. That’s it. It’s like night and day compared to today.”

White noted that in 1977, the minimum bet was $2, and today there are 10-cent superfects and other micro-bets. “Competitive betting has a price that reflects its popularity,” he said.

Handicapping 301: Finding Bad Favorites

Adding to the intrigue of this bet is the polarity of the bets. People like to bet $2 or $10,000 to show. The middle market is not that big.

The theory behind bulk betting is that most tracks should return no less than 5% of the bet. So if too much money is placed on a single horse, the race may lose money due to the required 5% payout.

Last week at Los Alamitos, the track was no show or place in the race won by California Chrome. 88% of all bets in the winning pool are placed on Chrome, generating less than $60,000.

“If we introduced the race at this race, there would be a lot of bridge jumpers and there wouldn’t be any space left on the bridge,” McKinsey said.

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If you lose a match because the favorites run out of money, you must win the next 20 matches to break even.

“I don’t understand why anyone would risk a lot of money to win less,” said Bob Miezerski, who has been on the handicap for 38 years, including at The Times and the Los Angeles News Group. :

There are three routes that are considered the holy trinity of bridge jumping: Charles Town and Mountaineer in West Virginia and Prairie Meadows in Iowa. Their minimum payout is 10%, or $2.20.

Jay Kornegay, vice president of racing and sports at Westgate Las Vegas, limits the large scale of the races because many times the betting facilities pay out as a joke.

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“If it’s a VIP, we’ll let them bid a few thousand dollars,” Kornegay said. “If it’s someone who comes in three to five days a week, we’ll cap them at $1,000 or $500 or less. We can’t bet on the others at all.”

“When I entered the gaming industry in the late 80s, we were doing 70% of our business;

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