Quote:
Originally Posted by classhandicapper
I'm adding another category to your list and calling it "truly awful".
Those are people playing hopeless longshots to WPS where they are often wildly overbet. They are playing tough 24% takeout exotics hooking impossible longshots up to each other on tickets that are so unlikely to win they'll be dead before the long run arrives etc..
Those people are getting destroyed.
They may be losing 50% or more on everything they bet because they are playing the worst return bets at the track and chasing dreams on a lot of very low probability tickets. It's kind of like me playing the lotto. I am losing more than the expected take on lotto for the simple reason I'm not going to live long enough to hit it and get back to the expected loss.
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I get what you are saying. In the 40% range of recreational players there is a range. On the high end you have those that are hovering around takeout + breakage (top 25% or so) and on the low end you might have the clueless that are losing 50% plus breakage (maybe the bottom 20% of this group). Obviously the rest of the group will fall somewhere in between. That makes total sense.
