Derby Trail Forums - Win streak attempt

One final thing about this thread -- I think it is a great illustration of the value of a rebate.

Obviously, you'd have done WAY better in a betting exchange than with a rebate because people like to oppose short priced favorites at small tracks. As Brock noted -- he was able to get 7-to-10 odds at Betfair on a winner that paid $2.20 and one of the winners who paid $2.60 at Emerald Downs traded at better than even money for a little while.

Even though a betting exchange is obviously preferred -- here is a comparison of how you'd do with a 7% rebate like the one Pinnacle was always known for VS betting at the windows.

Had you bet $100 on each horse to win:

With rebate: You'd be ahead $151
Without rebate: You'd be ahead just $95

If you attempted to do a $100 win parlay:

With rebate:

$147 - $164.64 - $208.92 - $285.88 - $476.83 - $652.95 - $763.79 - Ended up with $54.20 after a horse finally was defeated.

Without rebate:

$140 - $147 - $176.40 - $229.20 - $366.60 - $476.40 - $524 - $0

As you can see -- with the rebate, you'd have run the $100 up to $763.79 before finally losing -- and even though you lost -- the rebate from the losing bet, plus the leftover change, would you leave you with $54.20 ... that means the $100 parlay would have been just a $45.80 loser when a horse finally lost.

Without the rebate -- you'd have only run your initial $100 up to $524 -- and you would be left with zero once a horse lost.

In conclusion -- a betting exchange is great for backing standout horses. It is okay to back these type of horses if you get a rebate.

If you can't do a betting exchange, or you're not getting a rebate, you're getting raped with these type of horses. Even if you show a profit with them -- you're getting gouged badly.