Quote:
Originally Posted by The_Turf_Monster
If it's not offering parimutuel payouts past a certain limit, why not have fixed odds? Maybe because it's trying to give the illusion of offering parimutuel payouts?
Is William Hill paying into purse accounts from the takeout on these bets? If not, I cannot see why or how a non-parimutuel bookmaker should even exist in the US
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they're willing to speculate that their bettors are going to lose overall just as all the bettors as a whole do in parimutuel wagering. and I have no doubt that with the huge takeout they do well in the long run with this
but their willingness to speculate does not include having to pay giant hits
overseas books that I used to play used to do the same thing
they would also limit the bet size to $250 at little tracks and $500 for large tracks
otherwise sharps could spot a very likely strong horse to show at some of the little tracks where the show pool wasn't efficient and crush it
bet $10K to show and get paid back maybe $2.80 where if they put the money into the parimutuel system they would have shot themselves in the foot and the bet would have only paid $2.10. 8 times the profit
I was wondering whether William Hill at its non parimutuel locations also limited the bet size especially at the little tracks
I would guess that they do
