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Old 09-11-2009, 01:37 PM   #12
Dave Schwartz
 
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Join Date: Mar 2001
Location: Reno, NV
Posts: 16,921
Not a wash... The rebates are huge.

The variation is what enables the profit. It is why a low-takeout pool (like the win pool) is not as profitable to a whale as the exotic pool at the same track, even though the takeout is often much higher.



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