Pure speculation by my part, but my belief is that whales are probably playing just about every pool there is. It is just more obvious when they pound a horse from 2-1 to 4/5 and it shows up after the bell. You have no way of knowing that they keyed that 4/5 on top in trifecta for $1500 and the superfecta for $600 and in the pick 3 for $1000.....

Why would they want to give up their profits in the straight pools? Assuming they have mastered the game and are printing money, they have done so by taking advantage of all opportunities. Even for them the game is full of bad streaks and big downturns, so the least thing they will want to do is fail to make their highest probability wagers, which helps keeps these downturns in check.

The tracks wont book the odds, rent spaces to bookies. That way the books are on the hook for a bad price.

Every meet in the UK has bookies ready to take your loot. at major meets there are lots of them. just shop around for the best price and bet.

Let OTBs become bookie shops. oh sure you can still be the dinosuar but most will take the fixed odds,

Allan

Let me set up a book at Monmouth.

I'd give people good odds and make lots of loot.

Allan

Yawn

Lol. I least I am thinking of how to improve the Monmouth product.

Fixed odds betting has revitalized Australian racing.

Allan

what pays for the purses for the horses running?

Something they have always had has somehow revitalized the industry??

They will start banning sharp players, just like a sports book.

They don’t ban sharpies at uk tracks, just limit their wins to £1,000

Allan

In the last 10 years in Australia purses have doubled and Pm Market share has went from 70 to 38 as fixed odds betting has taken over.

Allan

This is effectively a ban

Hmm , making 1000 a pop is a ban?


I assume its per wager and not for the whole year.


If thats a ban to you, you must be a very big whale

The increase in Purses isn't a product of the take form fixed odds bets. Until recently the bookmakers were paying about 0.3% of their handle as fees. That has increased in the last couple of years but only to about 2%, it is dramatically lower than what pari-mutuel wagering can provide.


The industry income from wagering would be no more and likely less in real terms than what it was 10 years ago. The increase in purses is more a product of inflation and some tax breaks/redistribution.

the tracks put up the biggest part of the purse money and a large part of the tracks income comes from their part of the take. If you go to fixed odds betting and reduce the mutual handle, where is the purse money going to come from?

How do pennsy and New York have such good purses.
They are heavily subsidized. It’s not all from takeout.

Allan