Quote:
Originally Posted by The_Turf_Monster
The take could be lowered without impacting purse accounts or bottom lines if the track got a higher percentage of the ADW money. ADW's are what is causing the take to remain so high
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ADW's are where the bulk of the money in the pools comes from
Offering rebates to the large volume players is the ADW's way of offering perks to the whales.
When the high volume players, due to the rebate, have such a huge advantage over the general public, it becomes a game of futility.
As with college tuition rising rapidly due to federal subsidies ( in effect rebates) colleges have no incentive to control prices( equivalent of takeout)
there is no incentive on the part of the State to lower the takeout. Why should they? The whales keep pouring money into the pools and then don't pay the entirety of the takeout. They receive rebates AND can in some instances, for the purpose of pool manipulation, cancel bets at a moment before the bell. The lower dollar volume player doesn't get rebates...The whales are already getting their break (rebate)
