04/17/2008 9:19PM

Epilogue: Multiple Choice

Email

The following was posted on Keeneland's website Thursday night:

Notice Regarding Refund of Pick Six Tickets on Wednesday April 16

All patrons with non-winning tickets using No. 2 (Colin’s Princess) and/or No. 3 (Reachforthecastle) in the first leg (race four) of Keeneland’s Pick Six on Wednesday, April 16, are entitled to a refund under the rules of the bet. Both horses were scratched at the gate before wagering on the Pick Six closed. Conflicting information was communicated Wednesday and patrons have been unable to receive a refund.

Patrons holding tickets with Nos. 2 and/or 3 in the first leg should take their tickets to an information window at Keeneland or to the simulcast outlet where the tickets were purchased. If preferred, patrons can mail tickets--making copies for their records—to the Mutuel Department, Keeneland Association, P.O. Box 1690, Lexington, Kentucky 40588-1690.

Keeneland’s Pick Six rules have been amended to substitute the post time favorite for a scratched horse in any leg of the Pick Six. The rule change is effective immediately.

Keeneland apologizes for any confusion or inconvenience this situation may have caused.

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Apology accepted, but I'm more confused than ever.

As of this moment, my NYRA One account balance reflects a debit of $672 for wagers on Wednesday's Keeneland pick six. All five tickets began "2,7" in the first leg. The #2 was one of the gate scratches and the #7 was the eventual winner and 6-5 post-time favorite after the scratch.

The largest of my five tickets ($256) included the next four winners, then two non-winners in the last leg. (The ticket was "2,7/1,6/3,5/1,7/1,5,8,9/1,6".) I was credited with $455.20 for this ticket, presumably reflecting 4 5-of-6 consos, which paid $113.80 apiece. For me to be credited with four rather than two consos, I had to have been credited with "wins" by both #2 and #7 in Leg 1, meaning that the scratched horse had in fact been replaced by the post-time favorite.

But if the above notice is being applied retroactively, what happens now? Multiple choice:

A)Nothing. I remain credited with four consos. (Bet: $672; Return: $455.20; Net loss: $216.20)

B)I get half of all my tickets refunded, which amounts to $336, and two consos totalling $217.60 on the $336 in live action. (Bet: $336 Return: $217.60 Net loss: $118.40)

C)Since the notice only says that "patrons with non-winning [emphasis mine] tickets using No. 2...." are entitled to refunds, I keep the $455.20-for-$256 return on the one so-called winning ticket and then also get a refund on half the four "non-winning" tickets -- half of $416, or $208. (Bet: $464; Return: $455.20; Net loss: $8.80)

D)None of the above.

I invite you to speculate on my financial fate, and I'll keep checking my account balance for any changes.