Paulick:Japanese bettors bet $393 million on 1 race, the G1 Arima Kinen, at Nakayama

[Andy Asaro]

https://twitter.com/raypaulick/status/1076833623205134338

Click to see info about the race and the track configuration which is kinda mind blowing.

http://japanracing.jp/en/racing/schedule/graded/list/2018/1223arima.html

[Saratoga_Mike]

Very limited betting options in Japan (could change in next few years with the arrival of casinos). I don't believe takeout is particularly low in Japan? 20%ish?

[Suff]

Very limited betting options in Japan (could change in next few years with the arrival of casinos). I don't believe takeout is particularly low in Japan? 20%ish?

The Japanese are Jone'zen for action.



There are four public sports (kōei kyōgi) allowed for pari-mutuel betting under Japanese law. These are horse racing (keiba), keirin (bicycle racing), powerboat racing (kyōtei), and autorace (asphalt speedway motorcycle racing). These are wagered using betting pools where 75% of the prize pool is returned to gamblers using a totalisator (tote-board) system.

[GMB@BP]

The Japanese are Jone'zen for action.



There are four public sports (kōei kyōgi) allowed for pari-mutuel betting under Japanese law. These are horse racing (keiba), keirin (bicycle racing), powerboat racing (kyōtei), and autorace (asphalt speedway motorcycle racing). These are wagered using betting pools where 75% of the prize pool is returned to gamblers using a totalisator (tote-board) system.

363 million into a 25 rake, dumb

[Andy Asaro]

363 million into a 25 rake, dumb

It's not just the take. It's pool size, field size, and takeout, not necessarily in that order IMO.

[Suff]

363 million into a 25 rake, dumb

The 363 million similar to what we see here when Power Ball pools blow up... The people who never wager anything jump in. Its an eye-popping number none the less.

[cj]

Where are you guys finding 25%. That seems really high, can't find it anywhere.

[Suff]

Where are you guys finding 25%. That seems really high, can't find it anywhere.


https://www.onlinebetting.com/legal/japan-3/

All races regardless of their track, type, organiser, grade or any other factor pay 75% of the betting pool to betting winners. The remaining 25% goes towards paying government taxes, the winners of the race, operating costs etc. and what is left over is the organisers profit. Again this is big money business in Japan. In 2011 JRA races had ¥2.3 trillion in betting turnover and NAR had ¥314.9 billion. In United States dollar (USD) that’s a combined $29.18 billion in annual legal horse race betting turnover.

[ronsmac]

Where are you guys finding 25%. That seems really high, can't find it anywhere.I think it's been 25% for a long time. It hurts the low takeout theories when you see their handle.