Quote:
Originally Posted by blackthroatedwind
You wouldn't want to be responsible for that "relatively small" liability. It's not small.
As far as your last line....you are wrong. It's not close.
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This all begs the question, why are there minimum payouts at all? When I was watching Irish racing a couple years ago, I saw many instances where successful "place" bets on big favorites paid less than $2 for each $2 wagered. They also offered penny breakage, which would be a huge boon to show bettors, but that's a different story. Even now, lots of UK races have big favorites that pay $2.04 to place. I think a similar payout structure here would eliminate a lot of the minus pools.