Survey says.............. (647 Views)
Posted by:
Breakage (IP Logged)
Date: September 12, 2015 12:28PM
both sides are correct.
1)We surveyed over 100 online sportsbettors and poker players that were willfully breaking the law why not bet on fully lawful horse racing? The number one answer by far and away was take out.
2)Something that has 1000outcomes at 25% is going to yield more posev bets than binomials at 4.5%.
So these kids may be smart enough to know 20% is higher than 10% is higher than 4.5% but they're clueless beyond the nominal take out.
Furthermore it is naïve believing that the ever expanding online handle on horse races is coming from the same crowd that still buys paper racing forms.
Even furthermore, take out is not linear, this is game theory-if they dropped the take out 10%-Dana, Wagner, Elite, zjelko etc....are going to realize most of that, not many folks are going to find racing any easier despite the nominal take out being significantly less-don't believe me-look at sports-
same guys who beat -110 into submission previously, are same guys beating -105 now with obviously a few exceptions.
Cutting the take out in half from 4.5% to 2.25% has not resulted in a whole lot of change in who is winning and who is losing.
also, it should be noted, contrary to the hysterics, the states with legal online poker have found that the typical online poker player is a BRAND, NEW customer.