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He references the 1975 TV series “An Odd Couple,” based on the Neil Simon play about a sportswriter/gambler named Oscar and his lifelong friend and antagonist Felix .

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“Felix and Oscar were in the game,” recalls White. “Oscar told Felix he could bet his horse just needed to finish in the top three.”

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“So Felix said, ‘You mean you can bet on a horse and even if it loses you can still win money? And you’ve been losing money all these years?’”

Lately, these low-risk, low-bonus bets require capital. If it’s at a family gathering, it might be that scary Christmas sweater your crazy uncle or your grandma made for you.

“The mentality today is to win the lottery, and the stakes do show something about the dinosaurs,” White said.

Last year at Santa Anita, only 4.5 percent of bets dealt were for shows. This compares to 6.7 percent for positions and 21.0 percent for wins. Single match (exactas, trifectas, etc.) 40.1% of bets and multiple match bets (doubles, triples, etc.) 27.7%.

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Santa Anita kicked off its winter/spring autograph session on Friday, banking on the modest interest in the poker show to help attract new fans to the sport.

It’s a game called “ShowVivor”. It’s been around for a few years, but Santa Anita revised it. It’s free and offers $5,000 in prizes, broken down into various forms such as longest winning streak, number of wins and positions, and the biggest payout.

You enter through the website (santaanita.com/showvivor), so you know the track trades a little cash for more information on the clientele.

“From a marketing standpoint, you have to run the site every day,” says Nate Newby, vice president of marketing at Santa Anita. “[The race] is a perfect combination because it’s easy to pick a horse every day. But it’s also harder than you think. … It’s almost like a show. If that horse loses , you will lose a lot.”

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“We see this with the betting ambassadors [staff who help new punters],” Newby said. “They suggested sharing the bet for the first few days, and then people came back and said, ‘I want to make more money.'”

“For some, the switchover only takes a few hours, as some go from show betting to three-in-a-row betting on day one.”

There are several reasons for the decline in betting shows over the years, often related to the health of the racing business. “The killer show bet is a short box, five races,” said Brad McKinzie, vice president and general manager of Los Alamitos Racing Assn.

“Today, a show bet can pay $2.10 or $2.20. On a full race day, you can bet on your first or second favorite horse and get back $3.20.

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A fun game for newbies is show parlay, where you take all the money you win in one game and keep adding it to the bets you place on each subsequent game.

“The example I give is my mom,” McKinzie said. “He’d come in here with some friends and he’d do a parlay bet. They’d put in $10 each and bet on the favorite. Depending on the last game, they’d have $400 or $500 because they flipped A lot of money. Now he gets $2, $20 and nothing in return.

“The whole betting menu there is wins, places and performances,” White said. “Double $2 for races 1 and 2, $5 exacta for race 3. That’s it. It’s like night and day compared to today.”

White pointed out that in 1977 the minimum bet was $2, and now there are 10-cent super bets and other micro bets. “Betting on a match always shows the cost of betting on its popularity,” he said.

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Adding to this intrigue is the polarity of the stakes. People seem to bet $2 or $10,000 to share. There is not much central market.

The theory behind very large bets is that most tracks require no less than a 5% return on any bet. So if too much money is invested in a horse, the track can actually lose money by charging 5% odds.

Last week in Los Alamitos, the track had no shows or bets on the race won by California Chrome. Of the winning pool, 88% were bet on Chrome, making the negative pool only $60,000.

“If we were betting on this game, there would be a lot of bridge jumpers and there would be no space on the bridge,” McKinzie said.

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If you lose a game because your favorite runs out of money, you have to win the next 20 games to break even.

“I don’t understand myself why people would risk so much to win so little,” said Bob Mizelski, who has worked for The Times and Los Angeles Newspaper Group for 38 years.

There are 3 tracks that are considered the Holy Trinity of Bridge Jump: Charles Town and Mountaineers in West Virginia and Prairie Meadows in Iowa. The minimum payout is 10%, or $2.20.

Jay Kornegay, vice president of race and sports operations at Westgate Las Vegas, limits big show bets at the track because, in many cases, property is responsible for paying.

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“If it’s a VIP, we’ll let them bet a few thousand dollars,” Kornegay said. “If someone comes three to five days a week, we can limit it to $1,000 or $500 or less. The rest we don’t take bets on.

“When I got into the games industry in the late ’80s, 70 percent of our business was in racing books and 30 percent in sports,” he says. “Now it’s a full flip flop, and now it’s 70 percent sports and 30 percent racing.”

About eight years ago, Stuart Slagle had the idea for a communication network to let punters know when there was a dump event or a potentially negative pool. But the goal is the opposite. Running out of money to generate big returns has always been a favorite.

Slagle, now the race secretary at Toronto’s Woodbine Racetrack, is now an off-track landlord to avoid conflicts with his job.

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“There’s an old saying that it’s better to make a lot of money with a little money than to make a lot of money with a little money,” Slagle said. “It’s more impressive for people to win a Pick 6 for $200 than it is for $10,000 to earn $200.”

Bob Ike, who has been disabled for more than 30 years in Southern California, was one of those trying to beat the thugs.

“It was a stupid bet that people made,” Ike said of the plunger. “I was very happy when I took them, bucked the trend, and then very happy when it was over.”

Ike says he’ll bet about $100 on a game and typically lose no more than 20 or 30 percent. But when they arrive…

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“I’ve made back about $2,000 on that investment,” Ike said, referring to his favorite Shared Trust running out of money in Charles Town.

While it is naive to see the track where the first bettors show up, there is one person who keeps rejecting the idea of canceling betting shows to save track money.

Joe Morris, senior vice president of West Coast operations for the Stronach Group, is essentially the general manager of Santa Anita and the Golden Gate.

The standout 3-year-old Songbird ran four times at Santa Anita this year, generating negative pools each time. Even with five horses at Summer Oaks, Morris refused to kill the show pool.

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However, while Songbird spent part of the summer in Saratoga, New York, track suspensions showed two of the seven and five races.

“Songbird was a draw,” Morris said. “And then doing a big draw and telling new people they can’t bet is not a good decision. … We’re in the gaming business so it’s hard to make the decision not to bet.

Exposure trails feel very exaggerated. Santa Anita, for example, is only responsible for what bets are paid out at the track and other Southern California satellite operations. Also, disagreements with the Thoroughbred Owners of California (TOC).

And don’t forget the 15% track takeaway on top of every show bet you make. “When you look at the 15% we actually bet

Horse Racing Betting Advice

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Join The Fun And Bet On Horse Racing At Racebets, India’s Top Site

Join The Fun And Bet On Horse Racing At Racebets, India’s Top Site

Canterbury Downs "fun You Can Bet On" General Info. Season Brochure

Will California Sports Betting Vote Save Horse Racing?

Kentucky Derby Betting Guide: Strategy, Tips & Advice

How To Bet On A Live Horse Race

Tips For Managing Your Horse Race Betting Bankroll Properly

What Is Forecast Betting?

Horse Racing Betting: Terms, Tips, And Explanations

Ready Set Bet Review — A Fast Paced, Fun, And Exciting… Game?

How To Bet On Horses

The Gambler Who Cracked The Horse Racing Code

Horse Racing Betting Advice

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