2015 Kentucky Derby Auction now OPEN

[JasonBiggz]

Sending $5 now

 

[HarryCaray]

My horse got scratched,International Star, do I get my money back?

We discussed this in the chat last night, that a scratch is just an inherent risk with the horses cause if we refund scratches then that screws up the payout pool. That's what Murph was saying anyway. I don't really care personally.

What does everyone think?

 

[HarryCaray]

BTW everyone is paid.

 

[MotorMouth]

We discussed this in the chat last night, that a scratch is just an inherent risk with the horses cause if we refund scratches then that screws up the payout pool. That's what Murph was saying anyway. I don't really care personally.

What does everyone think?

I would not be opposed to that rule going forward its just that it wasnt explicit
and barring anything else said a refund on scratch seemed logical, like at the track.

(Although I wonder who would pay a significant amount if their horse got scratched AFTER
an auction closed but before they could pay their money or if their horse got scratched
while the auction was still in progress.)

I wouldnt argue against anyone else getting a refund and at the same time
I wont make a big stink if I dont get one as it is a tiny amount.

 

[HarryCaray]

I would not be opposed to that rule going forward its just that it wasnt explicit
and barring anything else said a refund on scratch seemed logical, like at the track.

(Although I wonder who would pay a significant amount if their horse got scratched AFTER
an auction closed but before they could pay their money or if their horse got scratched
while the auction was still in progress.)

I wouldnt argue against anyone else getting a refund and at the same time
I wont make a big stink if I dont get one as it is a tiny amount.

Right. I'm glad this has come up in a $5 situation. If people make a stink about the prize pool I'll just refund you out of my personal money, because it's my bad that rule wasn't discussed and explicitly stated. I mean, it's $5.

The question is, what is most fair? For moving forward...

 

[TyBounce]

I'm not involved with this so pardon me for "butting" in , but , we now have 3 scrathes and 1 new entry (#21ae Frammento).

So i think it would be fair to transfer all scrathes to #21 and if that horse wins let those people split the winnings. ??? good luck to you guys.

 

[HuskerFan1]

we knew frammento was in the field last night after el kabier was scratched earlier in the day

the late scratch of int star today, the guy should get his money back and just adjust the pool accordingly bc nothing was stipulated before the bidding. thats just my 2 cents

 

[LoCalDallasGuy]

i say we take all the money and order a web strip tease cam with everyone having access to the login and pw.

 

[HarryCaray]

MM PM me where to send the PPal back to. I can't remember which one came from you.

As far as what to do if one of the new entries wins...I don't know. Give that money to the Costa Rican orphans? Open up a short auction just for them? I have no idea. How do you guys want to handle.

Fkn horse racing man. Always gotta be all complicated.

 

[LoCalDallasGuy]

yeh, prob stay away from this shit... or next time do it in small group numbers .. sell horses in groups instead of individuals 123, 456, 789 .. and make scratches counts as shit out of luck

 

[HuskerFan1]

there is only 1 new entry, why not just give it to the guy who bid on el kabier unless he didnt pay for that horse when he ******'d

if no one has frammmento and that horse wins or finshes in the money (he wont bc he is 93-1) then donate to the avalanche disaster that just happened

 

[HarryCaray]

yeh, prob stay away from this shit... or next time do it in small group numbers .. sell horses in groups instead of individuals 123, 456, 789 .. and make scratches counts as shit out of luck

What we need is a way to re-open the auction for specific teams/horses only. This is needed anyway in the event of non-payment. I'm looking into making this and several other changes today.

FYI, because of all the changes I'm not going to put anything up for the fight.

 

[HarryCaray]

there is only 1 new entry, why not just give it to the guy who bid on el kabier unless he didnt pay for that horse when he ******'d

if no one has frammmento and that horse wins or finshes in the money (he wont bc he is 93-1) then donate to the avalanche disaster that just happened

JasonBiggz paid already and had El Kabir for $1. So he now has Frammmento instead. I am going to update the records accordingly.

 

[HarryCaray]

JasonBiggz paid already and had El Kabir for $1. So he now has Frammmento instead. I am going to update the records accordingly.

Wait I thought you said Frammmento is a new entry. That horse was in the original auction and was won by Jason.

I'm so fkn confused.

 

[HuskerFan1]

yeah i just checked he had both horses so he might have overpaid by a whole dollar hahaha

 

[MotorMouth]

Its all just learning curves, no big deal.
Shit always happens when you are trying to make progress.

If we do horses again(hopefully) I think it should be if your horse gets scratched then you get refund

1. Although I dont mind the shit out of luck rule I think it could cause a big stink if someone wins an expensive horse
and then it gets scratched before auction ends or before person pays.

The refund just keeps it more friendly.

The messing up the prize pool is not that big a factor as you think because in a parimutual situation they would
just deduct that money out the pool and redistribute the odds. The same thing is happening if a horse scratches in
the auction, ie the total prize money decreases but your relative odds to the pot are still similar.

 

[G.MONEY]

MM PM me where to send the PPal back to. I can't remember which one came from you.

As far as what to do if one of the new entries wins...I don't know. Give that money to the Costa Rican orphans? Open up a short auction just for them? I have no idea. How do you guys want to handle.

Fkn horse racing man. Always gotta be all complicated.

What new entry are we talking about?..As far as the Late scratch I agree give him his money back, but Entry help me out

 

[HarryCaray]

Its all just learning curves, no big deal.
Shit always happens when you are trying to make progress.

If we do horses again(hopefully) I think it should be if your horse gets scratched then you get refund

1. Although I dont mind the shit out of luck rule I think it could cause a big stink if someone wins an expensive horse
and then it gets scratched before auction ends or before person pays.

The refund just keeps it more friendly.

The messing up the prize pool is not that big a factor as you think because in a parimutual situation they would
just deduct that money out the pool and redistribute the odds. The same thing is happening if a horse scratches in
the auction, ie the total prize money decreases but your relative odds to the pot are still similar.

See, I don't think your relative odds are necessarily going to be similar.

Let's say there are 5 horses in a winner take all auction, for simplicity.

Horse 1 is currently bid at $20
Horse 2 is currently bid at $15
Horse 3 is currently bid at $10
Horse 4 is currently bid at $5
Horse 5 is currently unbid

I bid horse 5 for $1, thinking I'm getting 50/1 on my bet.

Auction ends.

Horse 1 gets scratched.

I now have horse 5 for $1 to win $30. Drastically different odds.

Sure this is an extreme example, but the fact remains that if an expensive horse gets scratched it can significantly impact the odds on the long-shots, and maybe the bid that you made given a certain set of assumptions about the pot should no longer be binding.

What a mess

 

[HarryCaray]

What new entry are we talking about?..As far as the Late scratch I agree give him his money back, but Entry help me out

Idk I thought someone said there was a new entry.

 

[MotorMouth]

Im saying relative to the pot because now with the top horse out then your odds
of winning have increased.

Maybe Im not using the best terminolgy.
Im trying to say your overall odds of winning.

In a parimutual situation your odds get decreased as well. So you bet at the
track thinking you are getting 50 to 1 and then a top horse gets scratched and now you
only get 30 to 1.

Its really not that different is all that Im saying.