Seems Like many Pros Here

[Nickle]

I have never seen a forum with such good info and guys here seem to crucn numbers 24 hrs a day.

I pick up lots of vital info here

Thanks

[kenwoodallpromos]

And this forum gives an excellent sampling of the range of handicappping methods and thoughts behind them!
It is a great help to me in forming my own variations and methods!

[Geekyguy]

Originally Posted by kenwoodallpromos

And this forum gives an excellent sampling of the range of handicappping methods and thoughts behind them!
It is a great help to me in forming my own variations and methods!

Not only are there many pros here, but they tone down what they share to keep the value, so you're really only seeing the surface. A guy who says "I use pace-adjusted Beyers" often means "I paid for my home in cash using pace-adjusted Beyers" and so forth. Tax considerations also come into play for those who take the trouble to bet the old-fashioned way.

I think most of the profitable players are glued to the net all day while the idiots are the ones who hang at the track and pay full takeout.

[kenwoodallpromos]

I think the smartest ones gather knowledge from all sources and figure things like takeout, breakage, and "luck" or "juicing" into their betting and only bet when there is real probability and value.
Of course it is only by losing that you pay a takeout, but regardless of where anyone plays they have to know what bets lead to a positive ROI. So many (like my brother) just bet the big shot favorites or based on a handful of factors without regard to the bottom line- and those are the majority of your competition!
You would not invest in stocks or real estate without knowing the fees and figuring a profit.
Whether they actually do it or not, a successful bettor should be able to make a chart showing their profit/loss for each type of bet and each type of horse.

[Achilles]

To Kenwood........


Excuse me? The losers lose their bets, takeout does not come into play. The winners get paid less because of the takeout, e.g. if take out is 20%, gross wagering odds on your winner might be 4-1, after takeout, winners get 3-1 or thereabouts.

[kenwoodallpromos]

I understand that the takeout is taken from the gross pool; I also understand what all the takeout goes for.
My only point regarding takeout is that all individual bet winners make a profit, and all losers take a loss. The only actual money taken from the bettors is from the losers- what could have been made if the horseracing industry and the states allowed bettors a 100% return of the pool is nice to dream about, but racing would be out of business.
Most all froms of legal gaming have set % that is paid out to the winners, and it varies greatly. Even with free parking and admission at the casinos. and state lotteries, all expenses are figured into the venue's profits- that is how they stay in business. Racing is very labor intensive, but if you are going to stay in business (profit), you have to figure all expenses including takeout into your ROI. Just like a business.

[toetoe]

Geekish One,
This idiot resents your assumption that he loses AND trots off to the track. I lose very nicely here at home, thank you very much. And the admission I don't pay leaves more to lose.

[Nikjak]

Originally Posted by toetoe

Geekish One,
This idiot resents your assumption that he loses AND trots off to the track. I lose very nicely here at home, thank you very much. And the admission I don't pay leaves more to lose.

"admission" plus food, plus gas, plus time, plus germs, plus minus obnoxious clerks or patrons...even a bunch saved on the racing form if one gets it online.

Easy savings for a stay-at-home: 3 to 5 thousand a year.....

[Overlay]

Originally Posted by kenwoodallpromos

My only point regarding takeout is that all individual bet winners make a profit, and all losers take a loss. The only actual money taken from the bettors is from the losers- what could have been made if the horseracing industry and the states allowed bettors a 100% return of the pool is nice to dream about, but racing would be out of business.

Granted, that winners get back their original bets, in addition to the after-take odds, while losers lose their entire wager. Granted, also, (as you point out) that the money the winners receive comes entirely from the losers. However, although winners do get a positive return, they "take a loss" also by receiving less than they would have if there had been no takeout. This means that they either have to win a higher percentage of bets, or receive a higher average mutuel on the bets that they win,to be in the same position that they would have been in if there had been no take. Thus, the takeout is really paid by the winners. The losers always lose 100% of their bets, regardless.

[kenwoodallpromos]

As soon as the windows close, your $2.00 is worth $1.60. You have to win $.40+ to profit- in other words, 25% more than the average bettor.
Satisfied?