Vigorish
12-19-2013, 01:28 PM
Greetings,
I just wanted to alert horseplayers to the rebates offered at Empire City Bets. Unfortunately, New York players ability to acquire 'good rebates' has been undermined by the new protectionist legislation (i.e. 5% source market fee).
I have reviewed several ADW's operating out of New York including Capital OTB, NYRA (only for people in New York or Connecticut if I'm not mistaken), and Finger Bonus Lake Bets.
They have three separate rebate categories: 1%, 3%, and 5%. They will give you 8% on Yonkers Raceway. All wagers are accepted EXCEPT place and show. What amazed me was the number of tracks in the 5% range. One of the most stunning findings was a 5% rebate for Keeneland. Thus, you are getting 11% on win bets and 14% on all exotics. I double-checked this with their representative. The customer service was very polite and prompt (no waiting time). They said they are getting a lot of new sign-ups.
The beauty, from my perspective, is that EVERYBODY gets the same rebate. This means the small player who is starting out is not handicapped against the whale; everybody pays the same effective takeout rate. Depending on what tracks you play, this site might be competitive for players in mid-to-high brackets. I just found a good sign-up promotion that lasts until the end of the year: 100% deposit match up to $150. It appears you are only required to wager $150 within the first 7 days of funding your account.
I just wanted to alert horseplayers to the rebates offered at Empire City Bets. Unfortunately, New York players ability to acquire 'good rebates' has been undermined by the new protectionist legislation (i.e. 5% source market fee).
I have reviewed several ADW's operating out of New York including Capital OTB, NYRA (only for people in New York or Connecticut if I'm not mistaken), and Finger Bonus Lake Bets.
They have three separate rebate categories: 1%, 3%, and 5%. They will give you 8% on Yonkers Raceway. All wagers are accepted EXCEPT place and show. What amazed me was the number of tracks in the 5% range. One of the most stunning findings was a 5% rebate for Keeneland. Thus, you are getting 11% on win bets and 14% on all exotics. I double-checked this with their representative. The customer service was very polite and prompt (no waiting time). They said they are getting a lot of new sign-ups.
The beauty, from my perspective, is that EVERYBODY gets the same rebate. This means the small player who is starting out is not handicapped against the whale; everybody pays the same effective takeout rate. Depending on what tracks you play, this site might be competitive for players in mid-to-high brackets. I just found a good sign-up promotion that lasts until the end of the year: 100% deposit match up to $150. It appears you are only required to wager $150 within the first 7 days of funding your account.