Fascinating piece on Aussie rebate churner..

[jms62]

So his game is to simply lose less than the rebate. How would he do that? Would he dutch and toss out a couple horses per race ? It would seem like he would have to eliminate some entries or his losses would equal the takeout. Seems like the problem is the amount of rebate not just the rebate itself that put the book in trouble. Rebates arent the problem controls such as limits are needed. Vegas has table limits to avoid getting ruined.