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01-18-2014, 04:56 PM
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#16
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,648
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Quote:
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Originally Posted by Saratoga_Mike
You have an uncanny ability to bring ANY topic back to R Stable. The topic could be Mother Theresa and you could connect it to R Stable.
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Obsession doesn't seem to begin to explain it...
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01-18-2014, 05:37 PM
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#17
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broken-down horseplayer
Join Date: Feb 2008
Location: Portland, OR area
Posts: 2,090
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Dang. I never, ever thought I'd see a good reason to move to New Jersey, but there it is....
__________________
Playing SRU Downs - home of the "no sweat" inquiries...
Defying the "laws" of statistics with every wager.
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01-18-2014, 05:40 PM
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#18
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Veteran
Join Date: Oct 2009
Posts: 25,607
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Quote:
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Originally Posted by Hoofless_Wonder
Dang. I never, ever thought I'd see a good reason to move to New Jersey, but there it is....
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Sportsbetting is on the way too in NJ! 
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01-18-2014, 06:00 PM
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#19
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easygoer
Join Date: Feb 2007
Posts: 976
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Quote:
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Originally Posted by Hoofless_Wonder
Dang. I never, ever thought I'd see a good reason to move to New Jersey, but there it is....
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Nice one
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01-18-2014, 06:15 PM
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#20
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Registered User
Join Date: May 2001
Posts: 1,911
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Quote:
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Originally Posted by Fox
If your lifetime profit on Betfair is over 1500 usd, you are eligible for the basic premium charge of 20%. The 40% to 60% premium charge is targeted at accounts with lifetime gross over 400000 usd.
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If the total commissions paid is less than 20% of profit and give the commission rate will be higher than the 5% currently on NJ racing for International players, it will be a little tougher to reach.
Last edited by Some_One; 01-18-2014 at 06:17 PM.
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01-18-2014, 07:10 PM
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#21
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Registered User
Join Date: Jan 2006
Posts: 28,569
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New Jersey here we come!
__________________
"Theory is knowledge that doesn't work. Practice is when everything works and you don't know why."
-- Hermann Hesse
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01-18-2014, 08:59 PM
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#22
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Registered User
Join Date: Jan 2011
Posts: 168
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Quote:
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Originally Posted by Stillriledup
Anyone who is against the exchanges has a vested interest to NOT see them succeed....so, when you read anti exchange wagering posts, its from someone who is anti-player.
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Sorry if I come across that I oppose them - I don't. I think they are great and I have done very well on them. It is unfortunate that U.S. citizens are restricted from betting on them at the current time. Just want to make a point that the very low takeout they charge makes it very appealing. You actually have a chance to make money now. It doesn't take long to see that betting into the high takeout pools is suicidal and hence exacta/pick3's etc. will no longer be of much interest anymore. Since the group of us started on betting exchanges several years ago we have bet millions through there instead of the tote to the point that over 90% of our money bet now is on an exchange........ Also note that the money on there is a lot smarter these days. If something looks too good to be true it usually is.....
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01-19-2014, 10:24 AM
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#23
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Registered User
Join Date: Dec 2011
Posts: 4,285
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Quote:
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Originally Posted by edmond1
It doesn't take long to see that betting into the high takeout pools is suicidal and hence exacta/pick3's etc. will no longer be of much interest anymore. .....
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There will always be interest in bets where a bettor has a chance to bet small and win big. If that wasn't true lotteries would cease to exist.
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01-19-2014, 10:37 AM
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#24
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Racing Form Detective
Join Date: Jul 2007
Location: Lincoln, Ne but my heart is at Santa Anita
Posts: 16,316
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I like the idea of exchange waging, but I am not sure Betfair is the right outfit to handle it. I am afraid that the way Betfair conducts business may kill the idea before other more bettor friendly companies can get started.
__________________
Some day in the not too distant future, horse players will betting on computer generated races over the net. Race tracks will become casinos and shopping centers. And some crooner will be belting out "there used to be a race track here".
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01-19-2014, 12:17 PM
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#25
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Registered User
Join Date: Jan 2011
Posts: 168
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Quote:
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Originally Posted by Robert Goren
I like the idea of exchange waging, but I am not sure Betfair is the right outfit to handle it. I am afraid that the way Betfair conducts business may kill the idea before other more bettor friendly companies can get started.
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Ladbrokes has bought Betdaq(betting exchange) about a year ago and liquidity on U.S. Horse Racing is improving significantly. No premium charges,lower commissions and excellent customer service.
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01-19-2014, 12:20 PM
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#26
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Registered User
Join Date: Jan 2011
Posts: 168
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Quote:
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Originally Posted by AndyC
There will always be interest in bets where a bettor has a chance to bet small and win big. If that wasn't true lotteries would cease to exist.
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We now restrict our bets into pools on pick5/6 carryovers ....
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01-19-2014, 12:44 PM
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#27
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Registered User
Join Date: Aug 2007
Posts: 1,128
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uh huh
Quote:
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Originally Posted by Saratoga_Mike
You have an uncanny ability to bring ANY topic back to R Stable. The topic could be Mother Theresa and you could connect it to R Stable.
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Wait Wait Don't Tell Me(Pbs radio)
You are, of course, referring to the 'six degrees of Kevin Bacon' syndrome, are you not?
Neato....
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01-21-2014, 09:14 PM
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#28
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Registered User
Join Date: Jul 2013
Location: Winnipeg
Posts: 1,114
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Do tracks get a takeout out of the Betfair pools?
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01-21-2014, 11:41 PM
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#29
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Veteran
Join Date: Mar 2013
Posts: 186
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you have to live in nj
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01-23-2014, 05:56 PM
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#30
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Registered User
Join Date: Jan 2011
Posts: 168
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Quote:
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Originally Posted by cutchemist42
Do tracks get a takeout out of the Betfair pools?
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Sent an email to manager of Turf Paradise. His reply below. No way they get 10% of matched amount on exchange - impossible. Also found out that money bet on Betfair tote actually does get mingled with N.A. pool. Questioned his explanation but received no reply........
Mr. Edmond,
To answer your inquiry: Yes, we are aware of the Offshore Betting Exchange. Those Exchange monies, as well as other off-shore pari-mutuel pools on Turf Paradise, are maintained in a separate pool. In other words, these monies do not merge into Turf Paradise’s mutuel pools. There is a monthly accounting with the offshore provider, from which Turf Paradise receives 10% of what is wagered into those separate off-shore pools.
Vincent Francia
General Manager
Turf Paradise
1501 W. Bell Road
Phoenix, AZ 85023
602-375-6401
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