horse race betting is a rip off

Search

New member
Joined
May 15, 2007
Messages
145
Tokens
I just found out that the track takes out almost 38% on each dollar wagered.....plus the fed has their hand out when u cash for over 5k.....f..all the tracks ..they can kiss my.......I will stick with sportsbetting...
 

Stumblin' around, drunk on burgundy wine.
Joined
Oct 11, 2004
Messages
4,439
Tokens
That's fine, but so you know the correct number is between 14% to around 25% for takeout. Depending on the track and bet type.

But I do agree it sucks. Its just not cheap to run a racetrack.
 

''AKA'' MONGO SLADE FROM BROOKLAND, NY
Joined
Mar 20, 2007
Messages
815
Tokens
no way 38%.... i would "bet'' your wrong on that !!! someone on this site probably knows !!:think2:
 

Member
Joined
Sep 21, 2004
Messages
3,744
Tokens
Some betting places offer a % rebate that can be taken
advantage of. But yes you are correct horse racing is a
tough sport. I can loss a grand in three days easy where
in the sport book it can last two months. Sometimes I can
request a check from sports betting. That is not the case
for horse racing. Most days I could through darts and do better.
 

New member
Joined
Sep 21, 2004
Messages
251
Tokens
You have got to remember though, gambling game that pits players against other players are beatable if you can spot value. It isn't easy because of the track takeout but you can win.
 

Rx God
Joined
Nov 1, 2002
Messages
39,226
Tokens
Some betting places offer a % rebate that can be taken
advantage of. But yes you are correct horse racing is a
tough sport. I can loss a grand in three days easy where
in the sport book it can last two months. Sometimes I can
request a check from sports betting. That is not the case
for horse racing. Most days I could through darts and do better.

I'm surprised these tracks ( esp. small ones like Jake's Lesbois can even survive anymore).

If you bet that track at 5D, I don't see how the bets make it into the PM pool...not that you want them to).

So offshores hurt the handle, that pays the purses and stuff, unless it somehow gets in the pool, but that seems unlikely...

It seems you could even manipulate odds with a tiny pool ?

When you look at the hold as being like -160 on a spread, I start to think that almost nobody beats that... without some clever strategy like betting $1 off-track ( hard combos) when its $2 on track, stuff like that.
 

Rx. Senior
Joined
Sep 21, 2004
Messages
7,744
Tokens
When one is used to dealing in 2 horse races (Sportsbetting) all the time like Americans are, its easy to get bogged down in percentages, however once you get in the realms of multiple contestants the figures get distorted. While on the face of it the take out is what it says, it has to be remembered that half the field is being quoted at possibly half the realistic chance odds, which if given at those odds would result in an over-broke book.:thumbsup:
 

" Thanks for tip Bricktop "
Joined
Jun 28, 2005
Messages
11,367
Tokens
Winnie - gonna spending a lot of time in Ladbrokes next week. Who are the hot jockey's at the moment ?
 

New member
Joined
Sep 9, 2005
Messages
6,676
Tokens
you people burn my ass. Please do us a favor and not post about something that you clearly have no idea about. Get a damn clue all you people that bet 3 races a year and think thats how all horse racing is. Horse racing is a great sport and the most exciting 2 minutes you can find.
 

Rx God
Joined
Nov 1, 2002
Messages
39,226
Tokens
a 19% hold is still a 19% hold, and very few players are going to beat that vig.

A typical gambler has a better chance of hitting over 52.4 % against -110,IMO.

There just has to be a lower %age of sharps that can beat horses than sports.
 

AIG Bonus Recipient
Joined
Feb 15, 2006
Messages
17,848
Tokens
I grew up on around horse tracks bro...I was being snuck in the backside before most of you were a sparkle in your daddys eye...

Horse racing is a cruel sport.

Horse racing is one of the worst things you can gamble and try to make money on....

Horses will break you. Quick
 

Rx God
Joined
Nov 1, 2002
Messages
39,226
Tokens
Horse racing is a great sport and the most exciting 2 minutes you can find.

........................................................................................................

What about SEX ? :puppy: <!-- / message -->
 

New member
Joined
Sep 9, 2005
Messages
6,676
Tokens
Horse racing is a great sport and the most exciting 2 minutes you can find.

........................................................................................................

What about SEX ? :puppy: <!-- / message -->



Hey that's a good minutes there:hump:
 

Forum statistics

Threads
1,108,529
Messages
13,452,328
Members
99,420
Latest member
Garryter12
The RX is the sports betting industry's leading information portal for bonuses, picks, and sportsbook reviews. Find the best deals offered by a sportsbook in your state and browse our free picks section.FacebookTwitterInstagramContact Usforum@therx.com