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10% takeout for a head to head match up bet is a terrible deal
Bookies on head to head match ups in sports are happy to bet prices equivalent to a 5% takeout. But these are fixed odds where the bookie has some risk of losing. A parimutuel tote bet has no risk of losing for the tote operator so really the takeout should be lower than the 5% offered by fixed odds bookies. 2% to 2.5% takeout is probably fair for this sort of parimutuel bet. Also you want to keep the rounding down of dividends as low as possible with this bet
You need to set the takeout very low as people are not going to be very interested in a bet that pays odds on most of the time when the takeout is 10% plus rounding down of dividends
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