Re: Rebate Shops, enough already (420 Views)
Posted by:
OPM (IP Logged)
Date: September 21, 2004 08:46PM
Players deserve rebates, no question. Horseracing is competing with other gambling entities and the take is usu only 5% and in racing it is a blended 20%. Casino comp their biggest players and horseracing should do the same. Every study that has been done shows that handle increases if the takeout is decreased. The only ones who don't know how to read these studies are politicians and Horse owners. In NY, they recently proposed increasing the takeout!!!!
The other part of the NTRA is the batch wagering question which gives certain players and huge advantage in placing bets. Some people are able to place 1300 bets/minute. I think this is totally unfair and should be stopped. But players need rebates or lower takeout or else we are just spinning our wheels in a downward spiral.