Remember..."the racetracks aren't in the gambling business".
In theory this is an excellent idea...but it fails in the practicality department. The casinos don't want to offer heads-up fixed odds horse betting, because they are afraid of the 'inside information' in the game. And the racetracks in this country only allow parimutuel wagering on their product because this type of betting removes all the financial risk that the sports betting bookies must endure. The racetracks here are against fixed odds horse betting of any kind, because they don't want to book the action on their own game. The only gambling action that the racetracks are interested in is the type where the "house" can safely take its guaranteed cut right off the top.
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"Theory is knowledge that doesn't work. Practice is when everything works and you don't know why."
-- Hermann Hesse
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