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Old 07-24-2012, 10:09 PM   #2
Ted Craven
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Join Date: Jun 2005
Location: Nanaimo, British Columbia, Canada
Posts: 8,853
Summary of Changes to Contest Rules, beginning August


1. Change to Hit Rate
– a 'Hit' is recorded (for purposes of calculating the new Bankroll 'Consistency' Bonus, see Point #2 below) if all your wagers in a race result in a positive ROI (i.e. your wagers return greater than $100). You may otherwise bet any combination of Win and/or Place on 1 horse or 2 horses in any amounts totaling $100. It is your responsibility to determine that the wagers you make in a given race employ sound wager composition practices, though count on lots of free advice ongoing! (See also Point #4 below re new requirements for the monthly RDSS Subscription Prize). For example: if part of your bet is on a Horse to Place and you indeed cash a Place mutuel but the return from that and any other wagers is less than $100, you keep all the money won, but no Hit is recorded for that race.

2. Change to Contest Ranking Method – Your Contest Score is your Bankroll plus a Bankroll 'Consistency' Bonus of your Bankroll times the amount your Hit Rate exceeds .500. A Hit Rate of .500 (50%) is the ‘base line’ (note the new definition of a ‘hit’ above) – a reasonably achievable goal given the options of 2 horses and 2 pools (Win and Place) to bet in. For example, if your Hit Rate is .600, it exceeds the .500 base line by .100. If your Bankroll is $2500, your bonus is $2500 x .100 = $250. Your Contest Score is $2500 + $250 = $2750. If your Hit Rate is less than .500, there is no penalty and your Contest Score = your Bankroll.

A hall-mark of this Contest - as for the Sartin Methodology overall – is a certain consistency of income-taking, hitting mid-priced Win or Place mutuels (in this particular contest format) while standing prepared to cash on the longshots when they present themselves. Thus, this Contest rewards consistency of Hit Rate above a base line (set at .500).

3. Change to bets after the first 20 – your monthly Contest is scored on one or more 20 race cycles. After you have completed a 20 race cycle, you may begin a NEW 20 race cycle (as many as you like). Your final Contest standing in a month is based on the best 20 race cycle. An incomplete cycle does not count. This is different from July where the same cycle continues for the whole month and you are scored on the last 20 races.

4. Complete Contest Prizes for August to be announced, but the RDSS Subscription prize requirement is changed to: .500 Hit Rate AND at least a break-even Bankroll (i.e. $2000) in the completed cycle used for your Contest Score.

5. Rule change on scoring involving a Scratch – If one of your horses is scratched and another horse remains, the money on the scratched horse is carried over to the remaining horse in the same pool ratio as the original bets on the remaining horse. Example #1: $60 Win $20 Place on Horse A and $20 Place on Horse B. Horse A scratches. 100% of the original bet on Horse B was in the Place pool, so all the money on Horse A goes in the Place Pool on Horse B. Example #2: $40 Win $20 Place on Horse A, $40 Win Horse B. Horse B scratches. The $40 bet on Horse B is carried to Horse A and split 2/3 in the Win Pool 1/3 in the Place Pool (the same ratio as the original $40/$20 bet Win/Place on Horse A). Any resulting fractional dollar wagers are rounded to the nearest dollar.

This differs from the existing rule where the bets on the scratched horse were carried to the same pools on the remaining horse. Remember – you can specify alternate horses and betting instructions to use in the event of a Late Scratch. The above rules apply in August and forward when no such specific Scratch instruction exist.

6. When betting 2 horses, the Contest Manager will record your first horse stated as your Horse #1, and the other one as your Horse #2. This is merely a score sheet recording convention which will enable evaluating alternate scenarios involving how much of your wager might go on your #1 ranked horse, versus your #2 ranked horse. For consistency purposes, players are encouraged to follow the same conventions when recording bets. Example: your bet reads: $50 Win #1 and #2. Horse #1 may be your top tiered BL/BL horse at 5/2 odds while horse #2 may be your 3rd tiered horse at 6-1.

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Last edited by Ted Craven; 07-30-2012 at 01:41 PM.
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