by: Rich Bieglmeier
A few weeks back, we chronicled a day of Horse Racing Roulette results at Gulfstream Park and Santa Anita to see if the new casino-like wager is a good bet or something to forget for horseplayers. At least for Sunday, February 20, 2019, Horse Racing Roulette was a license to print money.
Of course, one day is a limited data set. So, we recorded every single Gulfstream and Santa Anita race that offered Horse Racing Roulette to see if the wager provides an edge i.e. a license to print money.
Through Thursday, February 21, 2019, there were 236 Roulette races at Gulfstream and 246 at Santa Anita for a total of 482 Horse Racing Roulette races. That’s a much better data set than a single Sunday and will give us a better sense of how to use roulette to our advantage, if possible.
Here are the results by track:
RED won at 47.03%
When RED won, 73.87% of the time the race winner was the Post-Time favorite.
The average RED roulette payout was $3.62 while the winning horse paid an average of $5.59.
The roughly equivalent odds for something that wins at 47% are a little lower than 6/5. Six-to-five odds have a minimum payout of $4.40 on a $2 bet. Compared to the average RED roulette payout of $3.62, that’s $0.78 less than needed to breakeven.
BLACK won at 42.8%
When BLACK won, 15.84% of the time the race winner was the Post-Time favorite.
Click here to read the rest of Horse Racing Roulette: A Wagering Strategy by the Numbers