Books and parimutuel pools..

Search

New member
Joined
Sep 21, 2004
Messages
1,362
Tokens
Had no luck with this question in the horseracing forum.

Are there any offshore books that feed bets directly into the parimutuel pools?

(If there are, I assume they would offer all available exotics and would not put a cap on any of the payoffs. Is that right?)

Thanks for your response.
 

New member
Joined
Nov 8, 2006
Messages
9,491
Tokens
Be interesting to find the answer Geeze. I have no idea how a book, offshore or not can hook into paramutual pool and going it alone is akin to Russian roulette.
 
Joined
Sep 21, 2003
Messages
1,390
Tokens
There are some offshore-books that feed into the mutual.
But all offshore books have some type of caps.
 

Member
Handicapper
Joined
Sep 21, 2004
Messages
22,529
Tokens
some off shore places like betjam, greek, bodog, bookmaker and pinnacle can put the wagers into the parimutual through a hub and get a bit of a rebate back..but they prefer to book them without putting them in the pools as their ROI is much better that way..
so until they mark you a sharp your money will not go in the pools...they put a cap on it just in case something goes wrong, or they have to pay taxes on a huge win or just to get more cash form the customer on a miracle huge trifecta or pick 4 by capping it...
 

Member
Joined
Sep 21, 2004
Messages
14,237
Tokens
i know the sportsbook.com group will put at least part of your bets into the pools once they see you have a clue as to what you are doing
 

Professional At All Times
Joined
Dec 3, 2003
Messages
42,732
Tokens
michael777

i know the sportsbook.com group will put at least part of your bets into the pools once they see you have a clue as to what you are doing

Have an account with them. Are you sure about that? Can you spell out a concrete example. Not trying to put you on the spot. Just looking for some first hand knowledge. They've got a cap on each track and pay 3% and 8% on WPS and exotics respectively. That sounds good but not if money is going into the pool knocking down the odds.
 

Member
Joined
Apr 30, 2009
Messages
4,885
Tokens
some off shore places like betjam, greek, bodog, bookmaker and pinnacle can put the wagers into the parimutual through a hub and get a bit of a rebate back..but they prefer to book them without putting them in the pools as their ROI is much better that way..
so until they mark you a sharp your money will not go in the pools...they put a cap on it just in case something goes wrong, or they have to pay taxes on a huge win or just to get more cash form the customer on a miracle huge trifecta or pick 4 by capping it...


Pinnacle stopped taking horses some time ago.
 

Member
Joined
Sep 21, 2004
Messages
14,237
Tokens
Have an account with them. Are you sure about that? Can you spell out a concrete example. Not trying to put you on the spot. Just looking for some first hand knowledge. They've got a cap on each track and pay 3% and 8% on WPS and exotics respectively. That sounds good but not if money is going into the pool knocking down the odds.
i bet harness racing ted,win,place and show bets,after a few weeks i saw that sportsbook was putting anywhere from 15-to 40 percent of my money into the wps pools,i got suspicious as my horses seemed to have more money on them than normal since i was betting at the smaller harness tracks i am familiar with the pools,so i started betting a few very early in the betting,within 3 minutes,the money would go into the pools,hope this helps,good luck
 

Member
Joined
Sep 21, 2004
Messages
199
Tokens
i bet harness racing ted,win,place and show bets,after a few weeks i saw that sportsbook was putting anywhere from 15-to 40 percent of my money into the wps pools,i got suspicious as my horses seemed to have more money on them than normal since i was betting at the smaller harness tracks i am familiar with the pools,so i started betting a few very early in the betting,within 3 minutes,the money would go into the pools,hope this helps,good luck


What is your betting site?...
 

Forum statistics

Threads
1,108,592
Messages
13,452,769
Members
99,426
Latest member
bodyhealthtechofficia
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