horses4courses |
02-06-2020 10:42 AM |
We should all be so lucky....
to get backed off by a bookmaker.
They are running a business.
Anyone with a consistent edge in beating the house
through wagering on anything, can't expect to repeat
that act over and over. You'll be told to take your
business elsewhere. Nothing personal. It's just business.
The biggest obstacle for US race bettors that I can see
is the popularity of exotic wagering, especially high
paying horizontal wagers. Pari-mutuel wagering is the
only way to go with exotics - from exactas on up.
The limits imposed by bookmakers make them
impossible to bet on.
Exchange wagering is fine and dandy.
The house automatically gets it's cut, and sophisticated
bettors can shop around for attractive odds.
There is no danger that they can't get down, however,
how long can they depend on square bettors to take their action?
Eventually that money source will dry up. Also, their limits are often low.
A concern for everyone is race fixing/doping.
Doesn't matter what type of wagering is involved.
It's probably easiest to get away with in the pari-mutuel arena.
Bookmakers won't sustain paying out - fixers leave footprints on exchanges.
Fixed odds at Monmouth will likely start off slowly.
Somewhere down the line, though, someone with
insider information will get greedy and take a shot.
Could be very interesting.
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