Quote:
Originally Posted by thaskalos
If someone bets several hundred-million dollars a year at the races, then he is supporting the industry enough...even if he is doing it with a 50% discount on the takeout. Since these whales are actually WINNING the money that they make...you can hardly call them "leeches"...IMO.
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The way I understand it, they aren't winning it. They are playing for a high .90s ROI and taking profit for the most part in rebates.
I finished that book "Six Habits of Successful Bettors" and Dahlmann's story of leaving Maryland for Vegas, and the OTB he frequented laying off 32 employees due to the loss of his handle is very germain to this discussion.
