Quote:
Originally Posted by dilanesp
If you go to commerce casino tonight, there will be numerous people playing who have lost $20k or more in a year and some who have lost $50k.
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How do you know? Are you their accountant? If they lost 20-50k in a year it means one of three things.
1) They have the money to blow and are willing to blow it
2) they are putting themselves and their family at financial risk, aka degenerates or compulsive gamblers
3) they think they are good at the game (and either hit a a bad run or they are overrating their own ability to play the game).
Whatever the case, Poker has given them the confidence to chuck down that kind of money each year whether it is from past results, watching the pros on tv or whatever. I don't see how losing 30 to 40% horse racing is going to make them want to shift their money from the poker tables to horse racing pools, but if they were dealing with proper pricing that may very well be an option for them. Even those that are worth many millions and are willing to bet huge money to get their juices flowing, for the most part want to think they have a chance of winning. They may very well be betting horses to and getting rebated also, but if they are not, they certainly will not consider racing a fair game relative to poker. They may be rich and reckless, but likely are not fools.
Also if you compare the non rebated player who is willing to lose $50,000 at 32.5%(means he bets $153,000+ a year) takeout a year and reduce his takeout to 18.5% (per my example above), he might be willing to up the amount bet to half a million a year (even if he loses significantly more-$92,500 instead of $50,000) because he can afford to and he is getting more bang for the buck. If he is currently rebated, you can argue that he plays currently because he is rebated, but there are plenty of perks that could be given that are not detrimental to the betting pools.
