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Originally Posted by DJofSD
Should every bet be labeled as to the takeout cost, or signs be posted at all purchase locations with this information?
I floated the idea recently, I think it was in one of the HANA threads, that in CA, there should be signs posted advertizing the take-out/vig rates for all wagers. It should be posted on all self service machines, within 20 feet of any wagering window and a pop-up on any online platform.
Call it the truth in wagering law.
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Thanks DJ I was trying to put up a poll on the other side, but I got something wrong and had to delete the thread.
It would be like labels on a can of corn,saying how many calories you are consuming.
I think that would put an end to the foolishness of tiered takeouts and possible rebates, and the racing managers would then be compelled to "compete" in the real world as to the cost of a bet. The cost of a bet would be more consistent and LOWER, if everyone was aware of the cost.
It would put an end to the blind takeout that the racing managers hide behind now and give the public confidence that true transparency and competition has arrived in horse racing.
rwwupl
