That great 27% is that with rebate .I have been able to hold right around 20% for 5 yrs but that is with rebate about 1/2 of it I keep maintaing the 20 % but my handle is going down fewer bets .I bet on ly harness Meadowlands and Chicago .I also like to bet sports but that 11/10 11/10 11/10 is two constant.When betting horses you bet for value and get odds when you win you can score you dont have to hit more than 1/2 your bets to win one bet it might make the week or month.when beeting value it also can be along time between winners.27%that great keep it up.
sam black - the 27% to stake profit is one of my closest friends who has done this for about 15 years on UK jumps racing - which has a fixed odds system not pari mutuel - with the huge amount of competition and exchanges now that virtually wipes out the juice to start with. The profit is without rebates as this does not exist in the UK. He had one season where his profit was ..............wait for it 47% to stake - unbelievable but I had his betting log to verify it.
I wish I was that good but have been around 20% myself but since the exchanges have come on the scene this has been declining due to bookmakers using the exchanges for more accurate odds of their own. This season I am struggling at around 11%.
Winbet's comments regarding the differnces in mentalities between European and US bettors is valid.
I wish I was that good but have been around 20% myself but since the exchanges have come on the scene this has been declining due to bookmakers using the exchanges for more accurate odds of their own. This season I am struggling at around 11%.
Winbet's comments regarding the differnces in mentalities between European and US bettors is valid.
jamesbong said:
Not if the establishments that no longer have access to the pools are the ones that offshore shops such as Pinnacle use to dump action. In checking out some other racing forums, there is some speculation that one of the Australian outlets hit WAS in fact the primary Pinnacle dumpoff point. If this is the case, then they won't be able to lay off that action and therefore rebates would more than likely shrink. Keep in mind this is purely speculative.
Valueman It has gotten tougher and toughter the lastf ew years if they cut out the rebates .I will have to find something else to do .I hope the strict medcation testing will help.But that was one of my angles trainer changes to high percentage .trainers who can move one up considerable .I is not hard to tell who they are they are able to read the medical book and have more guts to win.But leads to inconsisent racing .When you think you are getting and overlay you are in a trap and getting fuked.I bet stritly for vlue and seem to be getting into moreand more trapLOL SAM Black
I tried advertising in the racing form a few times and found that horse players usually bet less per race than sports players do per game. I also found out that horse players love to talk about "that winning horse" they had yesterday. Yo can also tell a huge difference at the track between "general admission" and the "clubhouse."
LabeebBut you are probably right what forum sites are those you are talking about. Then books that decide they can not beat you will have to bar you instead of putting you in the pools. I was also told that pinnacle was going in to that Aussie site. Most of the race tracks still are taking the rebate shops bets .It looks like Ney York has taken a hard stand by cutting them off New Jersey has cut off a few How long will it last with no coperation from tracks and jurisdiction No support from Calf ,Florida, Illinois,
Labeeb said:
It is far more profitable for a book to take non-parimutuel action than to dump off their bets into the parimutuel pools.
My understanding is that whoever takes a pari-mutuel bet, receives roughly 10% of the wager. So say James makes a $100 bet on Philly Park (17% wps takeout) at the XYZ OTB in Illinois, XYZ OTB will get $10. The other 7% (or $7) of the takeout will go to the host track to cover purses, expenses, state taxes, etc...
If XYZ rebates James 6% ($6), they only clear $4 on his wager.
Now if the XYZ was non-parmituel, the expectation on the average wager would be Philly's takeout of 17% (which is what the average player will lose on a WPS not factoring in dime breakage) minus the 6% rebate, and they would expect to make $11 on his wager instead.
Granted it is much safer for a book to take pari-mutuel action, but it is much less profitable. If a book (such as Pinnacle) takes enough action, they would be foolish to dump it off, especially since the negetagive expectation on most exotic bets is in the 20 - 30 % range.
I have seen no hard evidence that Pinny is pari-mutuel and logic suggests they are not. However, I do know of at least one offshore place that said they were non-parimutuel, but they really are pari-mutuel.
Pinnacle goes both ways if you beat them or they figure they are not going to beat you they will red flag into the pools I have a number of friends that bet there some are put into the pools others are not .They must figure the risk I have a couple friends that bet small racetracks that have won more than was in the pool .Next day were put into pools .One of them maxs out at small racetrack betting into a $900 pool.I know booking is much more profitable .But there are afew winning players they have to deal with.The 7% makes break even players winners.
