bookmakers are wary of horse racing because knowledgeable can get huge overlays and
make huge scores, think captain squire. good bookmakers love the small recreational
player and are happy to take his action. but they fear the sharps and either limit
them or boot them. most offshore books do not co-mingle their bets into the regular
parimutuel pool which means a few things. ones bet does NOT affect the payoff,
the bookmaker has liability (unlike an ADW which does comingle), and the bookie
does not offer every type of wager available at the track. one advantage of a good
ADW is the rebates offered. mine, which is 100% legal, offers 2-15% back on every
bet depending upon the type of bet and the track involved.