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Originally Posted by thespaah
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.
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His point is in sports betting you get the equal of a $3.80 payoff with their 5% total rake while in horse racing two equally bet horses would pay around $3.40 with their 15% takeout.
These things are not lost on sports bettors.
