Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board

Go Back   Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board > Thoroughbred Horse Racing Discussion > General Racing Discussion


Reply
 
Thread Tools Rate Thread
Old 02-08-2018, 09:52 PM   #31
Andy Asaro
Registered User
 
Join Date: Mar 2017
Posts: 979
Rep Power: 2 Andy Asaro will become famous soon enoughAndy Asaro will become famous soon enough
Quote:
Originally Posted by Afleet View Post
I don't play CA, but isnt their handle still going down?
Santa Anita is up.
Andy Asaro is online now   Reply With Quote Reply
Old 02-12-2018, 05:49 PM   #32
dilanesp
Registered User
 
Join Date: Aug 2012
Posts: 3,830
Rep Power: 10 dilanesp will become famous soon enoughdilanesp will become famous soon enough
Quote:
Originally Posted by lamboguy View Post
for 50 years that i know of, you lay $110 to win $100 on football games. they have never gone up. some places actually give you a deal if you bet on a Friday night and give you the juice at $105 to win the $100. why should racing ever go up in their takeout? they are competing with sports gambling for their handle.

i admit that tracks do need more revenue. but to me you get more revenue by building up the product not charging more or giving away more to purses. you build it right back up by doing something stupid, offering up integrity. its pretty simple.
I went to Vegas a couple of weeks ago and they definitely are no longer consistently setting football lines at 110-100, and some of the lines are not 105-100 either. I saw some 115-100 and 120-100 on point spreads on playoff games.

I have a bit of inside knowledge of this, and that is that they are no longer necessarily setting lines to generate exactly even betting action (the traditional way a sports book operates, so that the house can never lose) and are now pursuing exploitative strategies that allow the book to make more money, including by modifying the vigorish to take in additional money.

So yes, they are screwing with takeout.
dilanesp is offline   Reply With Quote Reply
Old 02-13-2018, 01:11 AM   #33
ultracapper
Registered User
 
Join Date: Jul 2013
Location: Seattle
Posts: 2,705
Rep Power: 7 ultracapper is on a distinguished road
Quote:
Originally Posted by dilanesp View Post
I went to Vegas a couple of weeks ago and they definitely are no longer consistently setting football lines at 110-100, and some of the lines are not 105-100 either. I saw some 115-100 and 120-100 on point spreads on playoff games.

I have a bit of inside knowledge of this, and that is that they are no longer necessarily setting lines to generate exactly even betting action (the traditional way a sports book operates, so that the house can never lose) and are now pursuing exploitative strategies that allow the book to make more money, including by modifying the vigorish to take in additional money.

So yes, they are screwing with takeout.
Now, even betting NFL games, "value" will become a component in the decision making on whether to bet or not.
__________________
"Do no unnecessary harm to your bankroll"
-A Horseplayer's Hippocratic Oath

"Science is the father of knowledge. Opinion breeds ignorance"
-Hippocrates

"Successful horse race handicapping is nothing more than the collection, and proper assessment of, PERTINENT FACTS"
-A Successful Horse Race Handicapper
ultracapper is offline   Reply With Quote Reply
Old 02-13-2018, 11:21 AM   #34
AndyC
Registered User
 
Join Date: Dec 2011
Posts: 2,570
Rep Power: 10 AndyC will become famous soon enoughAndyC will become famous soon enough
Quote:
Originally Posted by dilanesp View Post
I went to Vegas a couple of weeks ago and they definitely are no longer consistently setting football lines at 110-100, and some of the lines are not 105-100 either. I saw some 115-100 and 120-100 on point spreads on playoff games.

I have a bit of inside knowledge of this, and that is that they are no longer necessarily setting lines to generate exactly even betting action (the traditional way a sports book operates, so that the house can never lose) and are now pursuing exploitative strategies that allow the book to make more money, including by modifying the vigorish to take in additional money.

So yes, they are screwing with takeout.
Way too many places to shop for a price to believe that vig will go up in sports betting. The only thing that could screw up the free market for vig is heavy government intervention.
AndyC is offline   Reply With Quote Reply
Old 02-13-2018, 02:51 PM   #35
dilanesp
Registered User
 
Join Date: Aug 2012
Posts: 3,830
Rep Power: 10 dilanesp will become famous soon enoughdilanesp will become famous soon enough
Quote:
Originally Posted by AndyC View Post
Way too many places to shop for a price to believe that vig will go up in sports betting. The only thing that could screw up the free market for vig is heavy government intervention.
Tell that to all the players in Las Vegas who are now playing 6 to 5 blackjack.

Seriously, A LOT OF GAMBLERS DO NOT CARE ABOUT TAKEOUT. Some do. Gambling businesses make more money by separating the two groups and charging them different rates. This is why we have rebate shops.

If you are a whale sports bettor, you can probably find a sports book to take your action at 115 rather than the 120 they were posting. But all the casual players don't care.
dilanesp is offline   Reply With Quote Reply
Old 02-15-2018, 06:15 PM   #36
Andy Asaro
Registered User
 
Join Date: Mar 2017
Posts: 979
Rep Power: 2 Andy Asaro will become famous soon enoughAndy Asaro will become famous soon enough
http://horseracingbusiness.com/

Excerpt:

A more likely explanation is that management was alarmed by the intensity of the bettor backlash–and the resultant decrease in handle–and decided it could not take the chance of the ill will spilling over into the April 2018 meet.
Andy Asaro is online now   Reply With Quote Reply
Reply




Thread Tools
Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

» Advertisement
» Current Polls
Is adding 30 to 60 feet to the run up for the Pegasus a good idea?
Yes, good idea - 40.00%
10 Votes
No, bad idea - 60.00%
15 Votes
Total Votes: 25
Non-members may not vote on this poll.
Powered by vBadvanced CMPS v3.2.3

All times are GMT -4. The time now is 03:18 PM.


Powered by vBulletin® Version 3.8.9
Copyright ©2000 - 2018, vBulletin Solutions, Inc.
Copyright 1999 - 2018 -- PaceAdvantage.Com -- All Rights Reserved -- Best Viewed in a modern browser @ 1280x720 Resolution Or Higher
We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program
designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.