Seeing this (takeout) discussed more and more, here and elsewhere.
Not really a new issue but maybe the heat is being turned up a notch, we can only hope.
Anyhow, I cooked this up a while ago, and it may be of some interest. Basically , it shows what happens to the publics \'bankroll\' during a 9 race card, under different scenarios.
First , when betting all that\'s left after a race, then alternately ,betting 25% of the bankroll every race.
At the bottom a matrix showing multiple bet percentages/takeout rates, and what\'s LOST to takeout (in % terms) after the 9 races.
Somewhere in the mix is a more optimum takeout rate than we have now. I\'m thinking between 5 and 10% would make for a much healthier gambling game.
Click here to go to the Spreadsheet
https://docs.google.com/spreadsheets/d/10Zj7EUQetV0U-93lE9M5Rdpa2DwbnoTei9PCJ1-UTEY/edit?pli=1#gid=285784707
