Niall Wrote:
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> Wagering on a race where 1. You dont know the
> competition 2. Track Condition 3. If the horse you
> fancy will even run 4. Racing luck almost always
> trumps ability ... seems like a sure way to
> seperate yourself from your $$$$ ... Whats the
> takeout on the wager anyway? The antepost market
> keeps the exchanges live and well in the UK ...
> Can someone shed some light on this? Money
> management at its worst !
it\'s a pari-mutuel pool. it\'s as good a bet as any. a different set of variables indeed - more difficult to handicap - but everybody is dealing with the same risk. to win, you simply have to outperform the other players (& takeout, as with normal win bets). these pools are not the same as the Vegas books or UK antepost lines, where I would imagine you are, over the long run, supporting the house by taking odds well below true value. 80-1 always looks great, even if the actual risk might be closer to 120-1.
the main problem people have with this bet is pool size. 2 or 3k, and you will move the market against yourself.
