Quote:
Originally Posted by thaskalos
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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Good points.
However, as with any type of fixed odds wager, what is stopping the track from taking a rake on the wager in the first place? No mater its form, vig is a vig. The track STILL gets its money.
Lets set it at a minimum of 10% for example. The bettors risk increases or decreases during the wagering period, just like a sports bet, where the house adjusts the vig according to the direction of the action.
