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Originally Posted by randallscott35
The rebates make the game more fair, not less. Think about it this way, betting a football game laying -110, you have to be really good over the long haul to turn a profit. Try and do that at -116 or -117 for horse racing. Reallll tough. But at -108,-109 it becomes doable if you bring your A game.
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Randall, a -110 line is like a 4.5% track takeout, not a 10% takeout. To see that, just consider two bets of $110, one on each side of a -110 line. The sportsbook will get to keep $10 of the $220 that is bet. $10/$220 is 4.5%.
A 17% track takeout is equivalent to a -150 line! Can you imagine football bettors faced with a choice between Dolphins -150 and Colts -150?! The amount of football betting would drop to almost nothing.
The Pinnacle 7% rebate helps quite a bit, but it still doesn’t put horseracing in the -110 ballpark.
--Dunbar