Now here is something to think about

[randallscott35]

Scavs,

The 90% / 10% rule is right on. Almost exactly me too. I still bet some at the track b/c its nice to have the money in your hand if you do well. But I only go to Saratoga and Belmont a few times a year....The rebates make the game more fair, not less. Think about it this way, betting a football game laying -110, you have to be really good over the long haul to turn a profit. Try and do that at -116 or -117 for horse racing. Reallll tough. But at -108,-109 it becomes doable if you bring your A game.

[Dunbar]

Originally Posted by randallscott35

The rebates make the game more fair, not less. Think about it this way, betting a football game laying -110, you have to be really good over the long haul to turn a profit. Try and do that at -116 or -117 for horse racing. Reallll tough. But at -108,-109 it becomes doable if you bring your A game.

Randall, a -110 line is like a 4.5% track takeout, not a 10% takeout. To see that, just consider two bets of $110, one on each side of a -110 line. The sportsbook will get to keep $10 of the $220 that is bet. $10/$220 is 4.5%.

A 17% track takeout is equivalent to a -150 line! Can you imagine football bettors faced with a choice between Dolphins -150 and Colts -150?! The amount of football betting would drop to almost nothing.

The Pinnacle 7% rebate helps quite a bit, but it still doesn’t put horseracing in the -110 ballpark.

--Dunbar

[2MinsToPost]

This is a very valid point and it begs to ask the question,

How in the world do sites that do not offer rebates stay in business? If you have a dish and are able to get TVG or HRTV, you sure as heck are not worried about live feed - show me a site like Pinnacle that offers rebates and I'll show you a deposit.

It equates to their appreciating their customers and saying thanks by giving back with the rebate, not too mention it is an incentive.

[randallscott35]

Originally Posted by Dunbar

Randall, a -110 line is like a 4.5% track takeout, not a 10% takeout. To see that, just consider two bets of $110, one on each side of a -110 line. The sportsbook will get to keep $10 of the $220 that is bet. $10/$220 is 4.5%.

A 17% track takeout is equivalent to a -150 line! Can you imagine football bettors faced with a choice between Dolphins -150 and Colts -150?! The amount of football betting would drop to almost nothing.

The Pinnacle 7% rebate helps quite a bit, but it still doesn’t put horseracing in the -110 ballpark.

--Dunbar

Never thought of it that way, I guess that's correct. The Take in horse racing is way too high. If it came down, more professional bettors would step in to the game.