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By Chief Stipe · Posted
But the takeout/overround rate is the last thing to consider. You would be better to educate young punters on how to frame a market and determine the value before adjusting for the overhead. Even young people understand that someone offering a service needs to make a profit. But if the house's sole source of revenue was Kelly Pool and they didn't take a percentage then eventually there wouldn't be any pool balls or pool tables or eventually a house. The key is factoring in the house percentage in race betting after you have framed the market and determined what is or isn't value. At 25% you can still find value. -
Defo La La Land. Brodie gotta stop watching and getting himself wound up -
By Chief Stipe · Posted
No it's not about "getting as many people betting as much as you can on racing". It is about running a profitable business to enable that profit to fund racing stakes. You want more people betting hoping the takeout (overround) margin drops so you can improve your margin with less effort. -
Famous Fred Dagg song that one Walt, yes spoilt alright, with trackside one doesn’t have to leave the armchair unless to put the billy on, and to be fair you see where your money goes a bit clearer,, mind you, there’s nothing like a good day at the races, even better if you can get a couple of winners, the memories of huddling around the old valve radio to listen to a fading station from afar,I remember some trying to hook a wire from the radio to the old telephone, never had much success to be fear, I see the weather been rough up your way, seems to me your getting the downpours the coast always got, almost like the heavier rain patterns heading to top of the south more often, as last few weather events been in your area, coast always gets their share throughout the year, did hear that the good mare Francent had been sold over seas, only heresay mind you, very nice mare, be sad to see her gone if that’s the casa. -
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