Re: Rebates v. Batch Wagering (670 Views)
Posted by:
TGJB (IP Logged)
Date: June 19, 2006 03:55PM
Since I have a minute--
1-- It's both a market AND a zero sum game. And on that point, racing would do well to get involved with Betfair or follow their lead-- head to head fixed odds betting gives a big player a chance to bet a lot of money without affecting his odds, leading to more big bets.
2-- ANY player that does better than lose 20 cents on the dollar (before rebates) costs the others money-- that's the nature of the game. That has nothing to do with rebates or batch betting-- which is why the NYRA inquiry is misleading. It should be "effect of good handicappers on the pools". And it's in racing's interests to facilitate big players, who by their very nature must be doing better than the others to stay in business.
3-- The guy Miff mentioned, who was making only 3.5% AFTER rebates, was having a negligible effect on the pools overall, though of course he could hurt you with an individual result. Or help you on another.
4-- Again, most of the computer programs just bet YOUR opinion efficiently-- I know a fair amount about this. If your opinion is no good, it doesn't help at all, and if it's really bad...
5-- Thoro-Graph. Along with rebates and batch betting software, it's all you need to win.
Not as catchy.
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