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Old 12-31-2017, 06:29 PM   #106
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Originally Posted by dilanesp View Post

To understand why rebates are the way they are, take a look at airlines. Airlines do a great job of selling the same flight to a leisure traveler for $150 and a business traveler for $650. You make maximum profits this way, and airlines, like racetracks, are a low margin business.

Rebates allow racetracks the ability to charge bettors who care about takeout less without doing general takeout reductions.

By the way, all businesses do a certain amount of this. For instance, supermarket coupons are a form of this- if you care about saving money, you clip the coupons. There is nothing disreputable about it.
You forget one important aspect. Both businesses Airline and racing charge fees that guarantee some return.
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