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View Full Version : Good whale vs. bad whale


Tape Reader
07-15-2008, 06:42 PM
Hi All,
Being new to this rebate business, could someone please answer this for me?
If a whale is a very successful bettor will the rebate shop alter his/her rebate?
Thank you all in advance.

BMeadow
07-15-2008, 06:59 PM
"If a whale is a very successful bettor will the rebate shop alter his/her rebate?"

If a rebate shops puts its money in the pools (for example, RGS or Elite), then the rebate is contingent on how much is bet, which pools, which tracks, and any individual negotiations. They don't care if you win $1 million or lose $1 million.

If a rebate shop does not put its money in the pools (offshore racebooks that book their own bets such as Bookmaker.com or EHorse.com), then if you win too much and too often (the amount varies from book to book), then you will be cut off.

Dave Schwartz
07-15-2008, 07:02 PM
SInce the nature of whale play is parimutuel, no.

Imriledup
07-15-2008, 09:31 PM
If you are successful and win, you'll probably have more money in your account which means there's a good chance you'll raise your bets. So, your company WANTS you to win. The same amount of money is made regardless of a winning bet or loser, but i'd imagine your company wants you to clean up so you bet more money as your bankroll gets bigger.

whyhorseofcourse
07-15-2008, 11:06 PM
If you win or lose they take the same $$.