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Originally Posted by Stillriledup
Here's the deliciously ironic part of it all. Is that these bets that they're NOT booking are long term losers. They're saying to no to money. Not only that, but when someone plunks down a large show bet, other people send money into all the other horses, so, not only do you make a profit when the heavy chalk is off the board at least 1 out of 20 times, but you make a profit on all the other horses from monies that you never otherwise would have seen.
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OMG, Stillriledup, have you ever bothered to do the math on bridgejumping?
Are you even listening to yourself? They make their profit "at least 1 out of 20 times" when the heavy chalk is off the board. Okay, then do you know what happens when the heavy chalk is in the money 19 out of 20 times? They lose money on EACH of those races, and the amount they lose is bigger than the profit they made on that 1 race in 20.
The money they make on the "other horses" isn't enough to wash away the loss from the bridgejumper.
Also, bridgejumping *IS* a long-term loser for the tracks (and their simulcast outlets).
I'm too tired for logic, but I'll be back for more later.
- InTheRiver68
