|
JCapper Message Board General Discussion
|
| Home |
Register
Log In |
| By | Contingent Wagering Shutout | |
| dvlander 7/5/2012 11:34:20 AM | I'm curious if anyone has any issues with being shut out when using contingent wagering. I have all tracks set to 1 MTP at my ADW. Yesterday, I had a contingent wager requiring 9-2 at the 2nd at PID. The horse went off at 12-1 and won but my wager didn't go through. I have an inquiry with the ADW to see why but being shut out is the only plausible explanation. Do I need to go further out than 1 MTP at some tracks? Luckily I'm not easily frustrated but this is a tough game as-is without losing the JCapper UDM choices that ultimately win for you. Dale
| |
| jeff 7/6/2012 10:34:03 AM | I feel your pain Dale... I've been shut out for many many reasons. Some of them have absolutely nothing to do with the horse's odds at the predefined mtp setting. Here's a short list: 1. ADW has insufficient bandwith to handle customer wager requests. As a result, ADW's internet connection slows to a crawl, times out, web pages won't load, etc. (No better example of this than - deja vu all over again each year - on the 1st Saturday in May.) 2. ADW loses internet connection and can't transmit conditional wagers from their server to the tote company. This also cuts both ways: Tote company experiences an internet outage. (Cause can be thunderstorm, power outage, car knocking down a telephone pole, cable company equipment failure, etc.) 3. ADW equipment failure (server, router, etc.) at a critical time (so far as the race in question is concerned.) 4. Tote company equipment failure at a critical time. Same as #3 above but at the tote company instead of the ADW. 5. Equipment failure at the host track - again, at a critical time. I recall a day last year where (Delaware if I recall correctly) had a complete tote system meltdown mid card and couldn't take wagers at all. Instead of cancelling the card they ran the races for purse money only. Naturally, one of my UDM singles won that day. (Although I have no way of knowing what final odds would have been.) Then there are odds based cases where its all in the timing: 1. Two or more whale computer teams (and you) value a horse at the same strike price: say 4-1. Horse is 6-1 a minute out. Two or more teams (and you) bet the horse and late money coming in drives the final odds down to 5-2. Horse wins or horse loses. Doesn't matter. If you missed seeing it unfold live, a peek at just the chart afterwards leaves you scratching your head how a conditional wager at 4-1 can "fire" when final odds were too low to have triggered your bet. 2. Two or more whale computer teams (and you) value a horse at the same strike price: say 4-1. Horse is 7-2 a minute out. NONE of the computer teams (and you) bet the horse. Late money coming in lands on other horses - causing final odds on your horse to drift up to 9-2. Horse wins or horse loses. Doesn't matter. If you didn't see it unfold live, a peek at just the chart afterwards leaves you scratching your head how a conditional wager at 4-1 didn't "fire" when final odds were high enough to have triggered your bet. Tracks with tiny win pools (and PID certainly qualifies) are more susceptible to cases like the last two than tracks with bigger pools (say BEL, SAR, etc.) When playing tracks with small pools like PID, DED, MNR, CTX, etc. I've learned the hard way that when my opinion says I am likely to get my strike price: QUEUE the bet - so that it goes in at my predefined mtp setting (as close to post time as possible) no matter what the odds. THEN maybe add a second (smaller) conditional bet where the min odds constraint is a tick or two above my strike price. This strategy has the advantage of: a. It pretty much thwarts cases of getting shut out because of quirks driving final odds. (The only caveat is that I need to at least be in the ballpark when it comes to final odds.) b. IF the horse goes to post a tick or two above my strike price the conditional bet "fires" 96+ pct of the time. (Those are the situations where I want the bulk of my money to be to begin with.) FWIW, the non odds based cases... equipment failure, power outage, lightning strikes, etc. can sometimes be alleviated if: a. You churn enough handle consistently. b. Management at your ADW knows who you are. c. You contact management at your ADW and ask them NICELY to take a second look at the ticket(s) in question. If they can see (at their end) that the bet was placed through their system on the correct (winning) horse in time - and that whatever caused you to get shut out wasn't your fault - it's surprising how many times they will step up and do the right thing. IMHO, ADWs are probably the ONLY entities in racing that understand YOUR point of view. Many of them will go out of their way to earn your business if you give them the chance. I've been pleasantly surprised the many times that they DID step up and do the right thing when they obviously didn't have to. -jp . ~Edited by: jeff on: 7/6/2012 at: 10:34:03 AM~
| |
| dvlander 7/6/2012 4:01:58 PM | Well Jeff, I just received a great education in a few minutes by reading your very detailed response. For the record, it was a PTC conditional and I'm still primarily with them because I'm not wagering big dollars at this point and I was already set up with them. They still have not responded to my inquiry and I didn't ask them to pay for the play. I just asked them to tell me what happened. Now I admit that I have noticed maybe 2 or 3 instances in the last few weeks where obvious losing plays did not go through either. Amazingly, those aren't nearly as painful. Your post answered all my lurking questions. Most notably, I couldn't figure out how an 8-1 conditional requirement would occasionally fire at 5-2 so the whale theory helps with that. Thanks a ton Jeff. As usual, you gave me much more than I asked for. Dale
|
| Reply |
|
Copyright © 2018 JCapper Software back to the JCapper Message Board www.JCapper.com |