Is fixed odds betting better than parimutuel?

[whisperlunch]

This is a fascinating topic. If I understand fixed betting you can only bet around 300 on a long shot? What do they then do after 300 decline the bet or lower the odds and let you bet again at a much lower price?

So obviously in parimutuel the track takes what 25% average out of each buck and splits it 3 ways with state , horseman, and track. But fixed odds how do they get the money to operate???

[biggestal99]

Originally Posted by Tom

They can actually detect my $2??? Wow.

Yes, that’s what happens. The exchange bots search every race 24/7.

As soon as the see my wager the come aboard and either jump my offer or offer the same odds. Happens all the time.

If Allan makes money, the bots make money.

Allan