Your Ask The Experts ID
is separate from your
Order Online Account ID
 Race of the Week:  2023 Breeders' Cup Days Final Figures Santa Anita 3-4 November 2023  • 1 Specials Available
Order Online
Buy TG Data
Complete Menu of
TG Data products
Simulcast Books
Customize a Value
Package of Select
TG Data
Sheet Requests
Order The Last Figure for Any Horse
Free Products
Redboard Room
Download and Review previous days' data.
Race of the Week
With detailed comments
ThoroTrack
Email notification when your horse races
Information
Introduction
For newcomers.
Samples and Tutorials
For Horsemen
Consulting services and Graph Racing
Sales Sites
Where to buy TG around the country
Archives
Historical races and handicapping articles
Handicapping
Hall of Fame
Major handicapping contest winners
Home Page
RGS (757 Views)
Posted by: Mall (IP Logged)
Date: January 13, 2003 10:10PM

I agree, which is why I was very surprised that Matt did not get the Eclipse for his coverage of the fix six scandal. Perhaps he would have if he had done the article on how easy it is to hack into Catskill OTB from the outside.

One thing from the article(http://drf.com/news/article/43492.html) which I found both interesting & a little implausible was the Mgr's claim that 60% of RGS' customers were not horseplayers before they came to RGS, which has only been in existence for 5 yrs. I think that the learning curve is a lot longer than that for an avg player, let alone someone who is betting $4.7 million a yr. It also would have been of interest to me know what handicapping products & betting strategies the 120 members use, where they concentrate their action, what kinds of bets they focus on,etc. At the very least, you have to admire these guys for their stamina, as the sums they are wagering would not appear to allow for much in the way of gambling downtime.

What the article did address, for the 1st time to the best of my knowledge, are actual results of the supposed "cream of the crop." The daily settlements originally referred to by Ray Paulick show that RGS' bettors recieve back 90% of their gross wagers, as opposed to 80% for similar operations. In other words, the RGS bettors are only able to break even because of the rebates, hardly a ringing endorsement for the claim that they are best "professional" gamblers in the game. Unless I'm missing something, it makes no sense to claim that one is a "professional" in a money making endevour when one does not, in fact, make any money. And wouldn't it stand to reason that this group would be doing better than losing 10 cents of every dollar if they could take advantage of past posting or some other edge?

For as long as I can remember, racing books have fairly consistently claimed that 2-5% of horseplayers either were making money or making a living betting, which are obviously two entirely different concepts, which itself makes the claims suspect. Just as consistently, no one has ever offered any indication of where these nos. came from or how they were derived, so that I have come to believe that this is just another instance of something gaining credibility for no other reason than the fact that it has been repeated over many yrs. Now that we have some actual nos., it appears that many players have been doing a lot better than they thought.



Subject Written By Posted
place betting w/ big odds (1268 Views) rich viscardi 01/13/2003 03:01PM
Re: place betting w/ big odds (727 Views) TGJB 01/13/2003 06:12PM
Re: place betting w/ big odds (780 Views) Mall 01/13/2003 06:45PM
Re: place betting w/ big odds (752 Views) TGJB 01/13/2003 07:07PM
RGS (757 Views) Mall 01/13/2003 10:10PM
Re: RGS (735 Views) TGJB 01/14/2003 05:53PM
Re: RGS and Graph/Sheet Players (793 Views) Silver Charm 01/14/2003 06:34PM
Re: RGS and Graph/Sheet Players (763 Views) TGJB 01/14/2003 07:12PM
Rebate shops (761 Views) nunzio 01/15/2003 09:49AM
Re: Rebate shops (768 Views) TGJB 01/15/2003 04:33PM
Re: Rebate shops (883 Views) HP 01/15/2003 05:14PM
Re: Rebate shops (790 Views) TGJB 01/15/2003 07:32PM
Re: RGS (843 Views) jim davis 01/18/2003 01:01AM
Re: RGS (803 Views) Jerry Jr. 01/18/2003 02:15AM
Re: place betting w/ big odds (673 Views) Frank M 01/14/2003 11:58PM


Sorry, only registered users may post in this forum.
This forum powered by Phorum.

Thoro-Graph 180 Varick Street New York, NY 10014 ---- Click here for the Ask The Experts Archives.