Posts Tagged ‘betting’

NYC OTB 1971: The Way We Were

Thursday, October 28th, 2010

The demise of the NYC OTB has been well documented. Here are a few shots from the NYPL’s picture collection from when OTB was in its salad days.

NYC OTB opened in April of 1971 and shortly began using the ticket booths in the Grand Central Terminal for taking bets.

Bettors Jamming the OTB Booths at Grand Central Terminal (uncredited photo) May 31, 1971

The New Yorker ran this cartoon in the Sept 16th 1972 issue.

Drawing by Robert Day, The New Yorker Sept 16th, 1972

This picture/story about women at a local OTB parlor ran in August of 1971.

If you look closely you’ll see a man or two.

Women at the OTB - New York Sunday News August 22, 1971 uncredited photo

Does anyone else remember when they played the stretch calls on WINS 1010 AM?

Throwing Coins In The Fountain

Saturday, August 14th, 2010

There isn’t any live racing in New York City right now and the local OTB shop was shuttered at the end of July. Recently I paid my eight bucks at the Lincoln Tunnel to make it to the Big M for some simulcast action. Betting on horses, especially at a simulcast center with that many races going off at once is not unlike throwing coins in a fountain and hoping for luck. There are very few virtues in betting like this: never fully prepared for any one race, irrational bets are made on certain longstanding beliefs. Whether it’s a puzzling Penn 5K MCL or a wide-open Grade I, I have come to believe in certain fall back positions.

The Big M

When in doubt, I will go with the grey or roan horses on the turf, especially if it is a filly or mare contest. Call it simpleton-breeding analysis 101. I don’t have any hard evidence to support this angle but you’d be surprised how often they win turf races. On another note, now that the Meadowlands live flat meet has been canceled I will miss the annual Grey Ghost Handicap held at on the Friday night before Halloween – only gray or roan horses invited to enter.

Numerological betting ­is comparable to playing a lottery ticket, but with calculated risk. Pick the combination like the # 6 over the #2 and #4. Or the # 5 with the #1 and #4. It can be any combo, but most bettors have a FAVORITE combo that adds up or has another significance such as a birthday or anniversary, etc. The calculated risk comes from watching the board when betting this angle. It is often, but not always, wise (and safer) to add the favorite underneath in the exotics. I might add that harness players, I’ve noticed, are more likely to use this position. The kicker is when a $700 exacta comes in on your favorite combo at 30/1 over 20/1 and you didn’t play it because the odds were too high.

The last example of a 30/1 over a 20/1 may seldom happen, but when it does the IRS wants your name, SS# and 25% withheld if your winnings are over $5,000 or if it is more than 300 times the original wager ($600 for a 2 dollar bet). Many of us repeat $2 bets 2 or 3 times to avoid the possible with holdings. Usually this happens right before a race and my fellow fans waiting in line start to scream “hurry it up” or some other politeness. I don’t think you should bother with multiple tickets for tax purposes, it rarely happens anyway and than there is always someone who will cash it for a small fee…

When in doubt play the dime super. A late addition to the current wagering menu, the dime super is a time consumer at the window. Unless you’re playing a numerology combination, be prepared to spend minutes hunched over a program at the machine going through 360 permutations of a 10-cent bet. Playing dime supers probably won’t make you rich but for 10-cents a pop you get some bang all of those combinations.

There are virtues in all of these opinions, most notably because they are my own. There will always be others who are winning more than I am and those who have met larger defeat on the betting field. No matter what the position I usually fall somewhere in the middle. My final bit of impractical knowledge to impart on comes from Hamlet “to thine own self be true.” When to comes make your picks, who else is better qualified?

THE SEVEN DEADLY BETS

Monday, June 21st, 2010

On a long ago November afternoon when Easy Goer didn’t catch Sunday Silence in the BC Classic I became hooked on horse racing. Following is a list of Seven Deadly bets I have made over the past years.

The Greed Bet – I bet way too much to win on the 8/5 “can’t lose” favorite. They do give money away at the track, don’t they?

The Gluttony Bet – These type of bets will often come from a feeling of desperation and a need to pick a winner: that is to say boxing 7 horses in the Kentucky Derby field of 20.

The Sloth Bet – Those guys in the Daily Racing Form can’t be wrong!

The Envy Bet – This wager usually comes from my resentment toward a friend or family member whose betting advice I did not take in a previous race. “I told you I liked the #4!” My envy wager is typically a long shot in an attempt to inflate my handicapping self-esteem that much more when my horse comes in.

The Pride Bet – Similar to the Greed Bet, this wager involves copious notes and numbers with the certain belief that my pick cannot lose and my handicapping skills are superior to those guys in the Daily Racing Form .

The Anger Bet – Usually directed at myself, the angry bet comes not from picking the wrong horse, but from coming up with a winner yet not having made the right bet, i.e. “I didn’t have it over the 7!” or “Why didn’t I just bet it to win!”

The Lust Bet – This is probably the most understandable of the deadly bets.  I have fallen in lust with many beautiful fast race horses.

In terms of horse racing, I probably won’t be covering the seven virtues: Kindness, Patience, Humility, etc. I do have several superstitious betting angles yet to come.