Quote:
Originally Posted by GBBob
Phil..help..Is he playing against the house or asking for wagers like the market? Break this down for me please.
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Asking for wagers, like the market. There is no "house", just a location to match buyers and sellers. If you like a horse at 4-1 and I think that's too low of odds, I can sell you the wager. Let's say you want $200 on and I only want to book $100 (so risking losing $500), you can find someone else for the remaining $100 at 4-1 or try and lower your price to 3.8-1 (like you would buy a stock at $5 then $5.05.) in the UK they are matching over a million pounds per race on mediocre Wednesday cards. The US needs this.