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If it's true that the CAWs have to play every race, that suggests the track management is a little smarter than we generally give them credit for. It sounds like a plausible bargain. CAWs get the sweetheart rebate. They can minimize their losses on bad races and make up for it on more lucrative events. Tracks get reliable handle for races that otherwise wouldn't deserve much.
Not sure that's a revelation for the individual player, or something we should be particularly thankful for. But it's a downside CAWs would have to endure, and certainly more reason to avoid poor betting races.
Not that it lets the industry off the hook to card good races. At some point, there's a proportion of poor betting propositions that even the whales can't overcome.
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