Quote:
Originally Posted by cj
Comparing the P4 to what would be a god awful bet, a four race win parlay at the current rates, is the spin. I would never tell somebody Spam is great because it tastes better than artificial crab meat. The rest, sure, I know the advantages.
But 24% is too high in my opinion. I'd bet racetracks would make more money with more reasonable rakes, particularly in the P4/P5 arena. But my opinion doesn't really matter. People are being paid a lot of money to make these decisions.
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We've got guys like Andy justifying high takeout with bogus math which is why racing is in the shape it's in.
How's high takeout working out for racing?
Handle down 50% AFI since 2005.
Keep on killing players with high takeout and horrible advice.
Without casino welfare it'd be on it's death bed.
