tag:blogger.com,1999:blog-8560898823512627114.post6110714213397550014..comments2024-02-01T00:37:24.768-05:00Comments on PTP: The Whales & TakeoutPull the Pockethttp://www.blogger.com/profile/05082676049275768769noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-8560898823512627114.post-26919827491223139012012-01-17T16:22:28.351-05:002012-01-17T16:22:28.351-05:00Hi jk,
That's on volume bet. If you bet $1M a...Hi jk,<br /><br />That's on volume bet. If you bet $1M and make 2%, you made $20k for the year.<br /><br />Most big players work on really thin margins. 2% return after rebate is a nice year for a huge bettor. (e.g. bet $10M and make 2%, which is a $200k year).<br /><br />Thanks for the comment!<br /><br />PTPPull the Pockethttps://www.blogger.com/profile/05082676049275768769noreply@blogger.comtag:blogger.com,1999:blog-8560898823512627114.post-28198129751530315552012-01-17T16:18:22.035-05:002012-01-17T16:18:22.035-05:00My question is how do these guys go about calculat...My question is how do these guys go about calculating their win %. For example, they put through $1,000,000 a year in bets and make 6.2% Does that mean they end up with $62,000 more than they started with? Or is it less because of the $1,000,000 they bet, most of the money probably gets bet numerous times. So maybe they start out with $100,000 and with winnings etc... they end up betting $1,000,000. Are they up 6.2% on the $1,000,000 or on the $100,000 they started with?<br /><br />Great article.JKnoreply@blogger.comtag:blogger.com,1999:blog-8560898823512627114.post-6490988675097805762012-01-16T20:36:10.936-05:002012-01-16T20:36:10.936-05:00Adam and @gregreinhart are possibles that I can se...Adam and @gregreinhart are possibles that I can see, Jen.<br /><br />Not that you asked, but I'm swamped ...... and as most know, I need a really good editor :)PTPnoreply@blogger.comtag:blogger.com,1999:blog-8560898823512627114.post-27293007370897477082012-01-16T19:43:15.790-05:002012-01-16T19:43:15.790-05:00Hi Mr. Pocket
off topic - I am looking for someone...Hi Mr. Pocket<br />off topic - I am looking for someone who can write a thoroughbred handicapping story of 1,000 words or so on Handicapping in the Spring for canadian Thoroughbred magazine<br />desperate - any ideas?<br />tight time line tooJen Morrisonhttps://www.blogger.com/profile/16339994977239027464noreply@blogger.comtag:blogger.com,1999:blog-8560898823512627114.post-1789051670593503452012-01-15T07:34:02.574-05:002012-01-15T07:34:02.574-05:00Eric, rebates are actually saving the game right n...Eric, rebates are actually saving the game right now as they are proving to the industry that the game is overpriced, and they are creating some downward pressure when it comes to overall takeout rates.<br />Since they are available in over 30 States, they are giving players more hope that the game can be beaten.<br /><br />If the game was priced correctly rebates would not be needed, that goes without saying. But until that day happens, they represent the only hope for a player to beat the game, and the possibility exists that newbies will be attracted by the perception that the game can be beat in the long term.<br /><br />If you removed rebates tomorrow, handle would nose dive, more players would stay away from more pools, and the fact that the average takeout might go down a bit for the non rebate player, perhaps from 20.5% to 20% collectively, not an extra winner will be created.<br /><br />As for the golfer analogy, professional golfers can afford to play each day which enables them to stay better than the general public, they can also afford to pay for the best clubs, etc. They do have an advantage (which someone with determination and a bankroll can also attain...the same advantage that can be attained by the Horseplayer who goes whale). I look at it as a carrot stick, and every gambling game needs a carrot stick to grow.Cangamblehttp://cangamble.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-8560898823512627114.post-54586934478128263612012-01-14T11:32:17.202-05:002012-01-14T11:32:17.202-05:00It has been my contention that Rebates are ruining...It has been my contention that Rebates are ruining the GAME of pari-mutuel wagering by creating an unlevel playing field amongst its competitors. Pari-mutuel wagering on horse racing is a GAME. Rules were originally created to give all those playing the GAME the same statistical chance of winning. Rebates have allowed certain competitors to hold a statistical advantage over other competitors playing the GAME. Allowing one competitor a statistical advantage over another competitor perverts the pari-mutuel model and tilts the playing field. Then when you factor in some Associations adding a ‘premium takeout’ applied on a geographic basis the playing field becomes tilted even more. Finally when some horseplayers are able to place $0.10 minimum wagers, while competing horseplayers must wager $1.00 minimum on the same wager, the playing field becomes so tilted, that the game is not worth playing.<br />Do professional golfers who play in 20 tournaments a year get a 50 yard advantage on each hole played verse golfers who play in 10 tournaments a year? Would a game of scrabble be fair if one competitor uses 8 tiles verse another who uses 7 tiles? <br />Simply stated the ‘bakers dozen’ theory of volume purchasing should not apply to pari-mutuel wagering. Give Whales free trips, free food, chauffeur driven limo’s, a penthouse at the track, but if the integrity of the GAME is to be preserved the GAME must have a level playing field.Eric Pnoreply@blogger.com