Re(1): Mystery $100 win bet Game 1 Dania Posted on March 8, 2020 at 02:43:06 PM by Craig G
We don't know if it was a 'wrong track' bet or just a noob error.
If the latter, then it highlights what IMO is a serious mistake in jai-alai management - one that has been going on forever - neglecting the health of the win pools.
The key issue is what kind of bet is a noob likely to make when he first visits jai-alai?
Since win-place show are fundamental bets, it is likely that many take a stab at a win bet. For example, at Magic City I have seen many $20 bumps in the win pool, which would never happen from someone who knows how it works. Anyway, a person trying out a $20 win bet strategy is 99% guaranteed to have a losing experience, because if they do happen to pick one or two winners, the price will be zip. A depressing intro to jai-alai.
But if some kind of promotion strategy had been consistently used over the years to support win betting, and it resulted in halfway-to-dog-track pools, then a first-timer betting to win has a fair shot at WINNING something.
It's funny how the entire world seems to understand the concept of 'loss leaders', and 'exit polling' (How was your jai-alai experience?) yet jai-alai just chugs along with a 'This is how it's always been done' attitude. (Magic City excepted.)
Tell you what... if my ship comes in, I plan on doing an extended experimental win pool 'stimulus plan' where I put about $100 into the win pools consistently, just to prove my point. Even if I'm wrong about the benefits, the 'bottom feeders' will have a ball.