Imriledup
11-10-2008, 09:26 PM
I was thinking about how hard all of us have been on the racing industry, but maybe the problem isnt' the actual industry and its the US government. Think about how US residents are not allowed to be customers of Pinnacle or Betfair. With these incredibly high takeouts and no fair trade, its really hard for the game to breathe. Should trainers, jockeys, owners and gamblers just pay all their extra money to the government in order to compete in this industry for the available dollars?
Other than just a few people, most people in this game are breaking even or losing. Everything in this game is taxed, double taxed and triple taxed. I'm not suggesting that you shouldn't pay taxes, but why bother working your hiney off in this game to break even? Bums who hang out on the highway medians of America make more money than honest citizens in the racing game.
There just seems to be too many politicans who are involved in 'protecting the children' and that's why American's can't bet like residents of other countries.
I just checked Pinnacle and there is a spread up for next week between the Giants and Ravens. One side is -106 and the other side is -102. If you want to bet in Las Vegas, you have to pay -110 on each side. The Pinnacle bet is a 4% takeout while Vegas charges you 10. No wonder why the US Govt doesnt' want their residents betting with Pinny or Betfair, who would bet in Vegas if that was the case? Why take -110 when a company that's not based in America is offering the bet at -104? And the racing industry wonders why no one wants to make a win bet on an even money shot at -117. A bet on an NFL game with Pinnacle had a 4% takeout, a bet on an even money shot at an American racetrack has a 17% takeout.
If America permitted their residents to bet with these overseas companies, the racing industry would suffer even more which would mean that they would be forced to price their product according to the market.
America, the land of the free and the home of the brave. Great country to live in, but seems like a bad country to live in if you are really serious about making extra income in the gambling industry.
Other than just a few people, most people in this game are breaking even or losing. Everything in this game is taxed, double taxed and triple taxed. I'm not suggesting that you shouldn't pay taxes, but why bother working your hiney off in this game to break even? Bums who hang out on the highway medians of America make more money than honest citizens in the racing game.
There just seems to be too many politicans who are involved in 'protecting the children' and that's why American's can't bet like residents of other countries.
I just checked Pinnacle and there is a spread up for next week between the Giants and Ravens. One side is -106 and the other side is -102. If you want to bet in Las Vegas, you have to pay -110 on each side. The Pinnacle bet is a 4% takeout while Vegas charges you 10. No wonder why the US Govt doesnt' want their residents betting with Pinny or Betfair, who would bet in Vegas if that was the case? Why take -110 when a company that's not based in America is offering the bet at -104? And the racing industry wonders why no one wants to make a win bet on an even money shot at -117. A bet on an NFL game with Pinnacle had a 4% takeout, a bet on an even money shot at an American racetrack has a 17% takeout.
If America permitted their residents to bet with these overseas companies, the racing industry would suffer even more which would mean that they would be forced to price their product according to the market.
America, the land of the free and the home of the brave. Great country to live in, but seems like a bad country to live in if you are really serious about making extra income in the gambling industry.