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Old 03-07-2018, 08:45 AM   #16
stuball
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sure

and the bettors get the shaft again
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Old 03-07-2018, 01:09 PM   #17
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Originally Posted by horses4courses View Post
How do you figure 20%?
Theoretical hold on sports wagering is not much over 3%.
That was a specific number I heard quoted by a sportsbook director that was on VSIN.
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Old 03-07-2018, 01:12 PM   #18
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Originally Posted by thaskalos View Post
Since when has the state shown an interest in offering "beatable games"?
I wasn't referring to the state's view. I don't know what their view is.

What SHOULD be their view is what would bring in the most long term profit? Offering an overtaxed product will be a venture that is doomed to fail.
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Old 03-13-2018, 09:46 PM   #19
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Originally Posted by jay68802 View Post
My point is that handicappers are forced to bet into 20% + take out pools and still bet. Professional sports wants a cut of the $? Just like tracks want to get a cut of casino money. And if a track gets sports wagering, the local HBPA will want a cut of the $ also. Every time the $ get divided up, the bettor is going to be the one that pays for it.
Horse players are because the de facto reality is that there aren't other options of lower take, or if there are, they are a couple here and there, but nothing meaningful.

Vegas and offshores already offer -110, and offshores much fuller and better menus, a lot of them even offering -104 to -107 for sides.

While you may get a few idiots to bet into those prices, you'll lose at least 50% of your potential due to them moving elsewhere. If you doubt this, it was recently shown in Portugal (just legalized gambling) where they effectively tax just under 50% as opposed to the UK (15%) and it clearly drove over 50% from the Portuguese markets to offshores or the underground. Whereas that's only the case for 5% of the UK market given the much lower tax rate(s).

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