Dr. Kenneth Noisewater wrote:
Joe Orr Road Rod wrote:
Dr. Kenneth Noisewater wrote:
This gambling sport is less than exhilirating.
Other than the curious aspect of horse names and countries they race in. Does anybody win money doing this?
If you're serious you have to shop for your best rebate. If you're betting small money you won't get much. But one thing you can do is look for low takeout pools. For example, the PK-5 at Woodbine Mohawk has a 15% rake. It's a pretty solid bet. And whatever you do, DO NOT bet into jackpots except on the days when there is a mandatory forceout.
Yes, I am serious.
And yes, this seems too hard. I don't have that kind of time. But I'll stick with it until this money is gone.
Horse racing is the best gambling game there is. The thing preventing it from being as great as it could be is the egregious rake from most pools. If you simply made it 15% for all wagers, handle would explode. But for some reason the people that work in the industry don't believe that. I suspect most of them don't bet. At least not significant sums.
Every young guy I know is constantly on his phone betting sports. He's not an ignorant dope like most of the gamblers I grew up with and most of the old guys I see at the OTB every week. The young guys actually understand math. You're not going to get him to fire into pools with 28% takeout. Because it's impossible to win. I don't care who you are. The best handicapper in the world CANNOT win against a 28% rake.
Also the industry has gotten itself into a trick bag with its system of rebates. Let's say you and I are both playing Assiniboia Downs. The takeout from the win pool at Assiniboia is 19%. But I'm getting an 11% rebate. It's going to be tough for you to beat me there. The thing is, if I weren't getting my 11% kickback, I'd never even look at Assiniboia Downs. So eventually, you'll get chewed up and only guys like me will be left and the game collapses. It becomes like that table in
Rounders where all the sharps are sitting around in Atlantic City slowly trading money.
Santa Anita has two Pick-5s. The first one which starts in the first race everyday has a 14% takeout. That's a decent bet. The second one at the end of the card has a 23.68% rake. There are hundreds of goofs that sit at OTBs across the country who aren't cognizant of those crucial facts. But there are fewer of them everyday.
Login
Register
FAQ
Search
