I was perusing some tennis bets this morning and did some comparison shopping in the Great White Tundra.
In Canada, as some may know, the market is grey, but more and more companies are taking single game wagers. Last year, this was much different, as the only onshore site accepting bets was run by a First Nations tribe, where the Feds appeared to look the other way.
For customers of that website, the prices are, ahem, pretty bad. Comparing today's tennis matches to Pinnacle, each and every bet doesn't approach their juice. It's a non-starter.
As more and more single game sites come online when it becomes legal, this website will clearly have to change or, over time, go broke.
In horse racing land in Canada, this is also the case, minus any new competition. Woodbine's wagering arm - HPI - continues to hold a monopoly and as Erick points out on his twitter feed - the prices are atrocious.
The highlights (lowlights) are eye opening, with as much as 5.32% juice added to the Los Al tris. That's over a 20% increase to a Canadian bettor.
Updated Takeout for TB tracks offered by @HPIbet highlighting t/increased rates Canadians are subjected to. Im optimistic that 2022 will be the year #woodbine higher rates will be ruled a violation of Canada's Criminal Code allowing Cdn's to participate in a real pari-mutel game pic.twitter.com/uB6bXMT2Ps— Hey #Woodbine be fair and Match The Takeout Rates! (@Epo13) January 2, 2022
Unlike for Canadian sports bettors, there is no White Knight riding in on a horse to provide competition to Woodbine's ADW stranglehold on beleaguered customers. It's all bet it or forget it.
Note below the higher #BreedersCup takeout rates Cdns pay as a result of #Woodbine taking advantage of their online pari-mutuel monopoly— Hey #Woodbine be fair and Match The Takeout Rates! (@Epo13) November 5, 2021
P/S-19% vs 15.43
Tri-29 vs 23.68
Super/P3-28 vs 23.86
P5,SH5-23.68 -early P5 not offered to Cdns