|
Just a reminder that when the guy gives an example of the sports better churning his money 20 x and the horse player churns his money 5 x, that isn't even the complete picture. It is much worse than that. First off rebated whales and sharps in the horse racing industry are driving up the takeout far higher than 20% on the non rebated/recreational bettor. 2nd the sports bettor playing game by game is playing roughly 50 % wagers. One week he is 10-10, the next he is 8-12, the next he is 11-9, the next 11-9. 4 weeks, 40-40, at $20 a pop he has lost a whoping $80 on $1760 bet. The horse better is playing 6-1's, 10-1, exactas, trifectas, superfectas, super high 5's, pick 4's, pick 5'... Even at $20 bucks a race or play(for the mult race wagers), he can easily lose $1000 or $1200 if not more on his $1600 bet. Eventually over time he will reach his mean -15% to -40% whatever the case may be, but new blood is often going to be chased out of the game long before he figures out what his mean is.
|
