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Forum: General Handicapping Discussion 07-21-2022, 12:54 AM
Replies: 124
Views: 8,263
Posted By deelo
You have to convert to decimal odds. 118.91%...

You have to convert to decimal odds. 118.91% overround; or 15.9% vig on that race, a little higher than usual.
Forum: General Handicapping Discussion 05-22-2022, 04:57 PM
Replies: 124
Views: 8,263
Posted By deelo
They change. You will often get a better price...

They change. You will often get a better price by betting early as the public often catches up. However, if you feel your pick is disguised from the public, you should bet late.
Forum: General Handicapping Discussion 05-20-2022, 01:48 AM
Replies: 124
Views: 8,263
Posted By deelo
Important distinction...They'll take a wager *up...

Important distinction...They'll take a wager *up to $5,000 net profit.* So if you're betting a 10/1, your cap is $500 to WIN. Supervisor approval can override that cap but don't plan on that...
Forum: General Handicapping Discussion 05-20-2022, 01:45 AM
Replies: 124
Views: 8,263
Posted By deelo
The 12.5% is what the house expects to make on...

The 12.5% is what the house expects to make on the pool. In parimutuel, they can just take an exact takeout then payout the rest not caring who wins.
In fixed, they have to use "overround" to get...
Forum: General Handicapping Discussion 05-17-2022, 01:15 AM
Replies: 124
Views: 8,263
Posted By deelo
Well, it's supposed to be a better deal but we'll...

Well, it's supposed to be a better deal but we'll see. The original press release said the vig would be 12.5%. This would be a nice improvement on current parimutuel takeout and way better than...
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