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I believe the .92% surcharges added on this year are in addition to the 0.18% surcharges imposed in August of 2012, bringing the total larceny via the ADWs to a nice round 1.1%.
Thaskalos asks a great question. If all the surcharges create separate breakage, the net takeout will be closer to double the 1.1% if not more.
All I can say is last year, while still an Illinois resident, I opened problem tickets with both Twinspires and Xpressbet in an attempt to find out how the surcharges were calculated. There was no consistency. Sometimes I was paid full track odds, and sometimes I was dinged for much more than .18%. The real horror of it all was the "surcharge" was going to about the most crooked sport in the U.S., Illinois harness racing.
Both ADWs claimed the host track calculated the surcharge, and only Xpressbet took some extra time to dig into an explanation. Apparently, it came down to how many winning wagers were paid out to Illinois residents for the whole pool, and rounding and truncation would sometimes result in full track payouts.
With the total surcharges over five times the previous levels, the Illinois players will probably take a bit closer notice and cry, poor sods....
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Playing SRU Downs - home of the "no sweat" inquiries...
Defying the "laws" of statistics with every wager.
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