Quote:
Originally Posted by lamboguy
for 50 years that i know of, you lay $110 to win $100 on football games. they have never gone up. some places actually give you a deal if you bet on a Friday night and give you the juice at $105 to win the $100. why should racing ever go up in their takeout? they are competing with sports gambling for their handle.
i admit that tracks do need more revenue. but to me you get more revenue by building up the product not charging more or giving away more to purses. you build it right back up by doing something stupid, offering up integrity. its pretty simple.
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I went to Vegas a couple of weeks ago and they definitely are no longer consistently setting football lines at 110-100, and some of the lines are not 105-100 either. I saw some 115-100 and 120-100 on point spreads on playoff games.
I have a bit of inside knowledge of this, and that is that they are no longer necessarily setting lines to generate exactly even betting action (the traditional way a sports book operates, so that the house can never lose) and are now pursuing exploitative strategies that allow the book to make more money, including by modifying the vigorish to take in additional money.
So yes, they are screwing with takeout.