WHICH ADW GIVE BEST REBATES?

[daveorhud]

I was recently reading Anderon selections thread and saw where he receives around 6 1/2% for rebates.I use twinspires and they are no where near that.I would like to see who everyone uses and what rebates you get.Thanks.

[rispa]

I would tend to think that rebate pct. is tied into handle.

[Charli125]

Rebates depend on what type of bet you're playing. They also depend on what tracks you're playing.

I can't vouch for the best rebates, but I know Twinspires has to go be one of the worst in terms of rebates. I know that the ADW's that advertise on PA, that offer rebates, all offer much higher rebates than Twinspires.

I'm not sure who is an authorized advertiser and who isn't, so I'm not going to post any links. But, read through the ADW thread, and you'll find several ADW's offering excellent rebates.

[point given]

I started to use Bodog because i won some $ in a contest there, but i recall that someone once posted about http://www.bookmaker.com/ in another thhread some time ago, both offshores. 8 % exotics 3% WPS rebate

You can use the Search in the PA toolbar and search old threads too.and use the term rebate shop GL

[Track Collector]

I agree with Charli125.

There is NO one ADW who has the best rates. It is dependent upon your own personal situation. Rates vary due to your handle, what tracks you play, your wager types (win/exacta/etc.), and something very important that most of us will never know, and that is the price the ADW has to pay to the track to secure access to the their wagering pools.

Remember too that the more you know about any market, the more leverage you have to negotiate a better deal. I have not stopped to count them, but I would estimate there are at least a dozen ADWs who offer rebates. A number of them advertise on this forum, and a few do not who choose to remain under the radar and secure new clients by word of mouth. For one new to rebates, looking at those ADWs who advertise on this forum would be a good place to start.

When choosing an ADW, don't just look at the rebate rates, but also remember to verify that they carry all or most of the tracks you are interested in wagering on. Splitting your handle among multiple ADWs could dilute your ability to secure the best rates (for your specific situation).

Good luck!


Track Collector

[1GCFAN]

Isn't Bodog illegal in the US?

[point given]

[QUOTE=1GCFAN]Isn't Bodog illegal in the US?[/QUOTE

Am not aware of that. Can you point to where you read that ? I googled them and didnot see any entrees on it but saw this one http://www.gambling-gazette.com/sites/Bodog_Casino. I havenot made a deposit there as i won $ in a contest awhile back and just started using it.

[lamboguy]

i like twinspires, they have all the tracks and they go the extra mile with me and the people that i have sent them. only problem with them is that they are still working on their platform and it will be at least another 2 months before they work out all the kinks in it now. they are perfect for bigger high volume players.

[daveorhud]

Thanks for all your input.

Lambo,I do like Twinspires just wish we could get the rebates I read about from others.Thanks again.

[mistergee]

I was recently reading Anderon selections thread and saw where he receives around 6 1/2% for rebates.I use twinspires and they are no where near that.I would like to see who everyone uses and what rebates you get.Thanks.
I also have not been able to find those 6.5% rebates, especially on straight WPS bets or definetely not on show bets. I have even seen some that say on $2.10 to $2.20 payoffs there is no rebate at all.

[Charli125]

I also have not been able to find those 6.5% rebates, especially on straight WPS bets or definetely not on show bets. I have even seen some that say on $2.10 to $2.20 payoffs there is no rebate at all.

I get rebates on all WPS bets(except for CA, which I don't play anyway), though if I kept hitting minus pools for large amounts, they might restrict me.

As for rebate levels. You won't find 6.5% on all tracks because of the various takeout, signal fees, and retention caps. Mine range from 0%(CA Tracks) to over 16% on some Quarter Horse tracks.

My overall WPS rebate percentage for the past year is just over 3%, and my Exotic% is just under 8%. Those are pretty low, but that's because I only play low takeout tracks, so the rebates are smaller than high takeout tracks.

[Track Collector]

I also have not been able to find those 6.5% rebates, especially on straight WPS bets or definetely not on show bets. I have even seen some that say on $2.10 to $2.20 payoffs there is no rebate at all.

A number of payoffs at the minimum are from "minus" pools. A "minus" pool is when the calculated payout is less than the minimum payout specified by law. Let's use West Virginia tracks as an example. If the mathematical calculations for a show bet on a heavily wagered favorite come out to $ 2.06 for each $2 ticket, the track must still pay out $ 2.20 due to minimum payout mandates. (In most states the minimum payout must be $ 2.10 for each winning $2 ticket.). So with a "minus" pool, SOMEONE loses money. The track takes the loss for tickets purchased on track, and typically the ADW takes the loss when the tickets are purchased through the ADW.

Most ADWs are not willing to eat the loss on a "minus" pool AND pay out a rebate at the same time. (Kind of like adding insult to injury.).

[lamboguy]

I get rebates on all WPS bets(except for CA, which I don't play anyway), though if I kept hitting minus pools for large amounts, they might restrict me.

As for rebate levels. You won't find 6.5% on all tracks because of the various takeout, signal fees, and retention caps. Mine range from 0%(CA Tracks) to over 16% on some Quarter Horse tracks.

My overall WPS rebate percentage for the past year is just over 3%, and my Exotic% is just under 8%. Those are pretty low, but that's because I only play low takeout tracks, so the rebates are smaller than high takeout tracks.
this is pretty simple. if you play NYRA and get a 4% for wps and show, you are paying an effective takeout of 12%. if you play penn national with a 9% rebate you are only paying 8%. i basically stay away from nyra and low rebate tracks because it cost to much to play them. i am a cheapskate i guess.

[Charli125]

this is pretty simple. if you play NYRA and get a 4% for wps and show, you are paying an effective takeout of 12%. if you play penn national with a 9% rebate you are only paying 8%. i basically stay away from nyra and low rebate tracks because it cost to much to play them. i am a cheapskate i guess.

You're definitely right, and I would do better financially if I bet the higher take tracks. For me it's a personal decision that I choose to support low takeout bets/tracks.

Trust me though, when I see the rebates on some tracks(Penn is a good example, Fort Erie is another), it's hard to stick to my guns. I also try to look at takeout minus rebate to see which tracks have a high signal fee. It's safe to assume that the ADW requires the same margin across all tracks, so if there is a big discrepancy, you can tell who has a high signal fee. Also, as you mentioned, you can find your effective takeout.

[Track Collector]

do you call 2% rebates on w-p-s for penn national good?

i get 9% for the same thing.

If all things are equal, then you clearly are getting a much better deal.

Your comparison however is intentionally misleading.

I think it would be safe to say that the 9% WPS rebate you are receiving is not available to everyone, but rather to a much smaller group who can meet specific (and high) yearly handles. I also feel confident guessing that you have never contacted DarkHorseBet to discuss your specific situation, and to find out what rates you would qualify for, thus having a more accurate data for rate and ADW comparisions.

For the record, and so that the rest of us can see if we even remotely qualify, what is the minimum yearly handle required for the 9% rate?

[lamboguy]

If all things are equal, then you clearly are getting a much better deal.

Your comparison however is intentionally misleading.

I think it would be safe to say that the 9% WPS rebate you are receiving is not available to everyone, but rather to a much smaller group who can meet specific (and high) yearly handles. I also feel confident guessing that you have never contacted DarkHorseBet to discuss your specific situation, and to find out what rates you would qualify for, thus having a more accurate data for rate and ADW comparisions.

For the record, and so that the rest of us can see if we even remotely qualify, what is the minimum yearly handle required for the 9% rate?they actually contacted me and i didn't know it was them. there is a lady that is part of the deal there that is someone that i dealt with years back at a rebate shop called TONKOWA INDIANS. that was a place located on an indian reservation in oaklahoma. they offered me a pretty decent deal on some tracks that i could not get anywhere else. they told me they wanted at least two thirds of my business, i said no. i am not unhappy with any of the adw's that i am dealing with now.

[teddy]

If all things are equal, then you clearly are getting a much better deal.

Your comparison however is intentionally misleading.

I think it would be safe to say that the 9% WPS rebate you are receiving is not available to everyone, but rather to a much smaller group who can meet specific (and high) yearly handles. I also feel confident guessing that you have never contacted DarkHorseBet to discuss your specific situation, and to find out what rates you would qualify for, thus having a more accurate data for rate and ADW comparisions.

For the record, and so that the rest of us can see if we even remotely qualify, what is the minimum yearly handle required for the 9% rate?

THE REALITY... my experience is that if u want huge rebates they are there. I have never had mine lowered period. Even in months I bet next to nothing. They are not micro managed and really dont want to lose a player period. Promise them u are going to bet 200k a month then bet 30k and see if u get lowered or cut off.. I will guarantee u wont. I have top level accts at 3 places and that has never happened.

[Track Collector]

they actually contacted me and i didn't know it was them. there is a lady that is part of the deal there that is someone that i dealt with years back at a rebate shop called TONKOWA INDIANS. that was a place located on an indian reservation in oaklahoma. they offered me a pretty decent deal on some tracks that i could not get anywhere else. they told me they wanted at least two thirds of my business, i said no. i am not unhappy with any of the adw's that i am dealing with now.

I was at Tonkawa too and landed at Darkhorse/Avatar thru the same lady. I am surprised at the handle requirement as I was never given one, and from what I recall your handle could be 2x to 3x of mine. Maybe she liked me better. ;)

[trotter2229]

I get rebates on all WPS bets(except for CA, which I don't play anyway), though if I kept hitting minus pools for large amounts, they might restrict me.

As for rebate levels. You won't find 6.5% on all tracks because of the various takeout, signal fees, and retention caps. Mine range from 0%(CA Tracks) to over 16% on some Quarter Horse tracks.

My overall WPS rebate percentage for the past year is just over 3%, and my Exotic% is just under 8%. Those are pretty low, but that's because I only play low takeout tracks, so the rebates are smaller than high takeout tracks.

At iBETHARNESS.COM we provide a straight reward on every race and every track and leave it to the averages to work out our end. If you are a large player we can give rewards that will satisfy you guaranteed.

Contact us we are very pleased to discuss with you.

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[hugh]

Anybody know why there are no rebates for California's tracks????

[Track Collector]

Anybody know why there are no rebates for California's tracks????

California law for California residents. You can thank your friends like the TOC (Thoroughbred Owners of California) and the CHRB (California Horse Racing Board). You can also thank these friends for the recent takeout hikes at various California tracks.

Other state residents can get rebates on California tracks.