Re: Rebate Shops, enough already (488 Views)
Posted by:
Saddlecloth (IP Logged)
Date: September 21, 2004 09:03PM
OPM wrote:
> 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.
I dont think the rebates are the problem, but the technology to bet this system within seconds of the gates opening is the real issue. I think rebates are a good thing to a certain extent. Obviously here they are being abused.
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