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Originally Posted by cnollfan
A race at Gulfstream a couple years ago scratched down to two horses (it was not supposed to be a match race). One was 50 cents to $1 and the other was 80 cents to $1. Can you imagine a football bettor having to bet $20 on the Colts - 6 to win $10, or $20 on the Saints + 6 to win $16? Sports betting wouldn't last two days at that rate. But that's what horseplayers are expected to do every day, and then the industry wrings its hands and says, gee, nobody likes horse racing anymore.
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Actually sports beting works that way precisely.
For example today ....The Nationals are $153 to win $100. Rays are $200 to win $100....All favorites are odds on.
Sports betting handle is far more than handle on horse racing.
I am not stating here that sports betting is "better" than parimutuel racing.
It is that the comparison used here is ineffective.
