Quote:
Originally Posted by MPRanger
Say, you sound like a guy who knows what's going
Is that the ADW entity?
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Yes.
Quote:
Originally Posted by MPRanger
Does Twinspires?
TVG?
Etc;?
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Yes.
Quote:
Originally Posted by MPRanger
Or maybe no one is paying rebates to anyone.
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No.
The ADW/Bet Taker/Rebate House is the entity that pays rebates to the player.
In order to get rebates, the player has to be betting a large enough amt volume-wise to make it worth the ADW/Bet Taker/Rebate House's while.
Basically, the player negotiates a deal with the ADW/Bet Taker/Rebate House.
Several of the biggest bettors on the planet (or corporations as Dave calls them) are based outside the US.
This lets them avoid source market fee.
Fyi, if you or I were based in NY, PA, VA, CA, etc., the ADW or bet taker where you or I have an account is subject to that state's source market fee.
If I were based in (say) NY where there is a 5% source market fee or in VA where there is a 10% source market fee:
My ADW/Bet Taker has to pay me lower rebates than they would a player based in better state or outside the US.
In a nutshell, that's how it works.
-jp
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