Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board

Go Back   Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board


View Single Post
Old 03-05-2018, 04:56 PM   #7
Saratoga_Mike
Registered User
 
Join Date: Mar 2009
Posts: 8,775
Rep Power: 18 Saratoga_Mike will become famous soon enough
Quote:
Originally Posted by Dave Schwartz View Post
Yes, the logic is very sound. Just like progressive slot machines. (Oh, the casinos hate those guys. Actually the same principle as why the tracks should hate winners: they take money out of the pool -- then they can't win it).





Indeed! Back in the 80s I was mildly involved with a "slot team" for a short time. They'd watch progressives that were approaching the point of profitability and jump in when it went positive.

Unfortunately, there was competition and sometimes the other teams would get there first.

The head genius figured out that if they moved a little early, they'd have a losing proposition for a short time but get the seats.

BTW, actually knew a team who went broke on a progressive. Found out that "under-capitalization" was a big deal in that "industry."


Dave
Dave, could you please elaborate on your slots comments? I'm basically asking your approach/edge? Thank you.
Saratoga_Mike is offline   Reply With Quote Reply
 
» Advertisement
» Current Polls
To Compete with Sports Betting must lower takeout/breakage on higher churn wagers?
Powered by vBadvanced CMPS v3.2.3

All times are GMT -4. The time now is 03:42 PM.


Powered by vBulletin® Version 3.8.9
Copyright ©2000 - 2018, vBulletin Solutions, Inc.
Copyright 1999 - 2018 -- PaceAdvantage.Com -- All Rights Reserved -- Best Viewed in a modern browser @ 1280x720 Resolution Or Higher
We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program
designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.