06/09/2016 4:20PM

Del Mar plans to tweak pick six payoffs to fuel carryovers

Email

A tweak in pick six rules at Del Mar will lower consolation payoffs while increasing 6-of-6 payoffs and carryover amounts when the summer meet begins July 15.

In an effort to revive waning interest in the pick six, Del Mar will restructure payoff percentages to an 85-15 split of the net pool – 85 percent to perfect tickets or carryover, 15 percent to consolation payoffs. The traditional split in Southern California is 70-30.

Although takeout remains 23.68 percent, officials hope that the new payoff structure boosts carryover amounts and corresponding interest. The change, which needs approval by the California Horse Racing Board, was green-lighted after Del Mar met with players’ groups, according to Craig Dado, executive vice president and chief marketing officer.

“We’ve had focus groups with our biggest pick six players, guys that are in the pools day in and day out, even when there is no carryover, and the majority prefer bigger payouts of 6-of-6, opposed to the consolation,” Dado said.

“Historically, the pick six has been one of our most important marketing tools,” Dado added. “When there is a carryover in the pick six, we see significant increases in handle, not just in the pick six but other pools. The bigger the carryover, the more they like it.”

While higher 6-of-6 payoffs and carryover amounts are supported by big players, the revised format slices consolation payoffs in half, from 30 percent to 15 percent. That could frustrate smaller bettors who rely on an occasional consolation to stay in action.

“I understand this change might not be universally applauded, but this will make the carryovers bigger and will please our everyday pick six players,” Dado said.

One year ago, Del Mar considered dropping the consolation provision altogether but opted to maintain the same rules after significant backlash.

Interest in the Del Mar pick six has steadily declined over the past 10 years, while pick five and pick four pools have mushroomed. One reason for the increased popularity of the pick five is its reduced takeout, 14 percent. Yet the pick four, which is taxed at the same 23.68 percent rate as the pick six, is Del Mar’s fastest-growing wager.

Another major reason for the increased popularity of the pick five and pick four is the minimum bet size, which is 50 cents. The pick six minimum bet remains $2.

During the 2015 summer meet, the pick four accounted for 7.7 percent of total handle, the pick five 6.2 percent, and the pick six 4.4 percent. The most popular wager remains the traditional win bet, which last summer accounted for more than 20 percent of handle.

Del Mar’s pick six proposal is scheduled for discussion and action at the CHRB meeting scheduled for June 16 at Santa Anita.

Brian Russell More than 1 year ago
This is a good idea.  There should be no consolations at all unless no one picks 6.  When someone picks 6, the winner(s) are forced to subsidize the losers. 
A More than 1 year ago
You guys all need to step back and realize you're all wrong in your assessments. It hasn't even been put into action and all of you are calling it a disaster already. Quit playing then
J Vette More than 1 year ago
Here's another dumb decision by the SUITS, give the little guy ZERO chance to win, they should be paying 25% for 5 winners, & 15% for 4 winners with a 60% carryover, then you have some CHURN, & the bettors have money for tomorrow, BUT, why do what helps the rank & file bettors ???

Del mar proves again that it's not for the regular betting fan, only for the rich & famous, good luck when the everyday regulars die off, there's no one to replace them.

Go check out the card rooms, see how they took a dying business & turned it into a gold mine, & CLEANED-UP it reputation !!!!!!!!
A More than 1 year ago
You're clueless. Get your facts straight next time you decide to tout stupidity

Ray Sousa More than 1 year ago
Why don't these idiots make changes were they are really needed like stoping all the cheating. How about having stewards call jockeys in for outrageous rides and giving them real suspensions like 1 month or more starting immediately after the ruling. Not a few days at the jockeys choosing .like when he feels like taking a vacation. How about going after the drug trainers .all of them not just the small odd trainer. You want to see handle go up make the game honest . At the very least act like you care and that someone is looking out for the bettor. Right now it's like the Wild Wild West on our racetracks. Pick six what a joke with all the cheating you would be lucky to pick one.
Frank Regan More than 1 year ago
Changes need to be made in this day and age. Race tracks are losing more customers to casino games. I'm really surprised that management thinks this is a smart decision. Here are two things that will help. The most important thing to do is lower the take as so many other tracks have done. Second thing is to make it a dollar bet instead of a two dollar bet.
Brian Russell More than 1 year ago
Making it a $1 bet would kill it completely.  No $1 pick 6 has ever been successful in North America.  At $2 it offers the chance of a life changing score, at $1 it really doesn't unless you catch 5 or 6 crazy longshots.  To a lesser extent, they ruined the superfecta when they lowered it to 10 cents for the same reason.
Frank Regan More than 1 year ago

Changes need to be made in this day and age. Race tracks are losing more customers to casino games. I'm really surprised that management thinks this is a smart decision. Hear are two things that will help. The most important thing to do is lower the take as so many other tracks have done. Second thing is to make it a dollar bet instead of a two dollar bet.

Anonymous More than 1 year ago
The headline should read "Del Mar plans to steal money from their regular everyday customers to fuel carryovers"
Ian GW More than 1 year ago
These Pick 6's are not good for racing. Look at all these tracks now trying to do what Gulfstream does. CD is a great example. They seeded a Pick 6 and have either cut fields or cant get fields, which favors them at a better chance at a one day mandatory. So an entire meet is being adjusted for a pick 6 with daily takes of what $150K? I have barley played CD since this pick 6 because of so much chalk. The tri/super pools have to be suffering but I guess its offset take wise with this bet. 
J Vette More than 1 year ago
You are suppose to be BOYCOTTING C.D, !!!!!

Only on K.D. Day can you make a little play, the rest of the year.... NO
curtis1440clark More than 1 year ago
Why don't u just lower the take retards