The Show Bet

[blackthroatedwind]

Originally Posted by Dunbar

Beats me. That's why I asked.

So you're apparently worried about the track getting hit big with a minus payout. Like someone brings $100 million to the track to bet on Chrome in a 5-horse race? (Or do it through his/her wagering account at the track?) That bettor would collect $500K for the bet, if it won. $500K is not a rare purse these days, and paying out an extra $500K is not going to do serious damage to a first rate track. The publicity of paying off a bet like that would be worth quite a bit. Or are you worried about a $billion bet?

At any rate, history (at Santa Anita) seems to suggest that no one is eager to put that kind of money on the line for the sorts of races in which New York tracks cancel showbetting.

I always found you very smart and reasonable....and now you are saying we are foolish to cancel show wagering because someone may bring $100 million to the track to make a show bet. Or maybe that someone has nine figures sitting around in an ADW account. By the way...a $100 million show bet would earn $5 million....but that's sort of irrelevant.

You always struck me as bright....and now you are telling me you think that the bet taker is only liable for the 5% the show bettor wins. Did you think this one through or just decide to attack? Serious question.

I am happy to discuss this with you, but for a guy that seemingly posted sensibly for years, you sure changed your tune quickly here. Much like just accepting what Joe Morris said at face value ( while ignoring Nick's response to you ).