07-13-2007, 02:08 PM
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Sha Tin
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Join Date: Aug 2006
Posts: 20,855
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Quote:
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Originally Posted by Dunbar
I think it's very important to support this 4% takeout bet.
Look, even if you create a $100 ticket by throwing darts at the entries, you are giving up just $4 in average expected loss. Surely you can rationalize a $4 "expense" as a tradeoff for the excitement of the bet AND doing something for the future of the game (from the bettors' standpoint).
If even a savvy board like this doesn't en masse recognize the advantage of betting into a 4% takeout vs betting into a 15-20% takeout, then racing's decision-makers can safely conclude that race-bettors do not care about takeout.
--Dunbar
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great post |