Re: Pool Liquidity (1232 Views)
Posted by:
TGJB (IP Logged)
Date: November 22, 2015 10:21AM
More on this.
1-- Because of the huge rebates (which I have no problem with), the industry gets half the amount from every dollar bet they do from others. So the net effect would be losing half that amount of handle, even if we stipulate the 3B.
2-- If they're not winning that money others would have more and churn more. At higher takeout rates.
3-- there is a horse shortage, not a surplus. Tracks are cutting days because they can't fill races. If some closed, those horses would end up on other circuits, making for bigger fields, and higher handle there-- both because of field size and players not having the other tracks to bet. That's what's going to end up happening anyway.