https://infograph.venngage.com/ps/Ji3DLdshmYA/8-facts-about-nevada-sports-betting

There seemed to be some confusion when I last posted the avg nationwide slot hold around 9%.

These take outs are 100% completely independent of the underlying costs.

The slot machines companies, casinos and sports book take out is designed to maximize their bottom line. If they thought 20% take out would fly like it does in horse racing, the local slot machines would take 20%. After decades of taking these bets, they determined these take out rates maximize the bottom line for the house. Something one would think horse racing would be interested in pursuing. Instead the SCOTUS is probably going to overturn the sport's betting ban and gamblers nationwide will yet again have another gaming option far more appetizing than horse racing.


BTW how about these odds plungers lately? Horse that went to the lead in the Wood goes fr 15/1 to 7/1 with a million in the pool. Sunland derby winner goes from 7/1 to 3/1 with $500K in the pool. Great stuff. Get to pay usurious take out rates and take wild guesses at the final prices.