"If you feel you have no edge or 'value', you can pass. When you judge the odds to be in your favor, you wager. At that point, if you correctly assess the 'return' on your wager, the odds should actually be in your favor. Thus, 'effective' take out (my phrase) is actually zero"

Bob,

Nice perception, but the reality is there is no such thing as zero takeout. Guys argue that soft/dead money in the pools mitigates takeout to an extent but again that's perception.

Racing's takeout is too high.Any math guy will show you how that makes beating the game, over the long term, extremely difficult.


The three T's need fixing for the game to grow:

1.Takeout

2.Testing

3.Transparency

Next time you run into NYRA CEO Chris Kay, try to engage him in a conversation about the above.

Mike