Quote:
Originally Posted by jay68802
My point is that handicappers are forced to bet into 20% + take out pools and still bet. Professional sports wants a cut of the $? Just like tracks want to get a cut of casino money. And if a track gets sports wagering, the local HBPA will want a cut of the $ also. Every time the $ get divided up, the bettor is going to be the one that pays for it.
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Horse players are because the de facto reality is that there aren't other options of lower take, or if there are, they are a couple here and there, but nothing meaningful.
Vegas and offshores already offer -110, and offshores much fuller and better menus, a lot of them even offering -104 to -107 for sides.
While you may get a few idiots to bet into those prices, you'll lose at least 50% of your potential due to them moving elsewhere. If you doubt this, it was recently shown in Portugal (just legalized gambling) where they effectively tax just under 50% as opposed to the UK (15%) and it clearly drove over 50% from the Portuguese markets to offshores or the underground. Whereas that's only the case for 5% of the UK market given the much lower tax rate(s).
