cj
01-03-2005, 10:50 AM
A decent article from Brad Free. I'll post the whole thing when its freely available, but here are some snippets I found interesting:
Although the drive from this home to Hollywood Park is not far, there is no reason to do it. From a pure economic sense, the at-home horseplayer is better off staying put.
From inside this home, about $500,000 was wagered through the parimutuels in 2004. Millions more were risked through betting exchanges. Drive to the track? No, everything the bettor needs is here at home.
Betting exchanges are not legal in the U.S., but they exist and their popularity grows.
The at-home bettor is doing a favor for other bettors. An ontrack horseplayer gets 3-2 on Right Direction through the parimutuels; an exchange bettor can get the horse at 2-1.
Although the drive from this home to Hollywood Park is not far, there is no reason to do it. From a pure economic sense, the at-home horseplayer is better off staying put.
From inside this home, about $500,000 was wagered through the parimutuels in 2004. Millions more were risked through betting exchanges. Drive to the track? No, everything the bettor needs is here at home.
Betting exchanges are not legal in the U.S., but they exist and their popularity grows.
The at-home bettor is doing a favor for other bettors. An ontrack horseplayer gets 3-2 on Right Direction through the parimutuels; an exchange bettor can get the horse at 2-1.