Indulto
05-11-2006, 05:31 PM
Simulcast rates up By MATT HEGARTY
http://www.drf.com/news/article/74422.html (http://www.drf.com/news/article/74422.html)
Randy Gallo, the owner of a rebate shop located on a Native American reservation in South Dakota, said this week that Churchill Downs, Keeneland, and NYRA all asked for rate increases this year, though he declined to be specific. Simulcasting rates, which are thought to average approximately 3 percent of handle, are typically kept confidential by both parties.
…Gallo, like many rebate shop operators, returns the majority of the difference between a simulcast signal's takeout rate and the signal fee -- typically anywhere from 12 percent to 22 percent -- to his customers in the form of a rebate, which acts to lower the price of betting for the customer. Gallo also benefits from that spread because he is a professional gambler who bets his money through his own shop.Does this mean he has the ability to directly access the pools with an application program to automatically generate wagers?
http://www.drf.com/news/article/74422.html (http://www.drf.com/news/article/74422.html)
Randy Gallo, the owner of a rebate shop located on a Native American reservation in South Dakota, said this week that Churchill Downs, Keeneland, and NYRA all asked for rate increases this year, though he declined to be specific. Simulcasting rates, which are thought to average approximately 3 percent of handle, are typically kept confidential by both parties.
…Gallo, like many rebate shop operators, returns the majority of the difference between a simulcast signal's takeout rate and the signal fee -- typically anywhere from 12 percent to 22 percent -- to his customers in the form of a rebate, which acts to lower the price of betting for the customer. Gallo also benefits from that spread because he is a professional gambler who bets his money through his own shop.Does this mean he has the ability to directly access the pools with an application program to automatically generate wagers?