1. #1
    xelemental
    xelemental's Avatar Become A Pro!
    Join Date: 04-22-07
    Posts: 602

    Books always make money no matter what?

    I joined sites like Twinspires and Xpressbet. REgardless if I win or lose, books are making money as I understand in horse betting. Even if I make a killing off the books, Im actually wining from a pool of other betters so technically these are the rare instances that online books would love me.

    Am I correct to assume that horse betting books always win even when the player wins?

  2. #2
    unusialsusp5
    unusialsusp5's Avatar SBR PRO
    Join Date: 04-18-10
    Posts: 4,184
    Betpoints: 3601

    they make between 4%-7% depending on the type of bets on the handle they generate for the host tracks that they offer. the money is flashed into the individual tracks live pools. no they cannot lose and are indifferent to whether you win or not. they just want bets made.

  3. #3
    BGboothA
    BGboothA's Avatar Become A Pro!
    Join Date: 08-07-08
    Posts: 4,202
    Betpoints: 212

    Yuuup

  4. #4
    ProPicker713
    METS!
    ProPicker713's Avatar Become A Pro!
    Join Date: 12-15-10
    Posts: 6,788
    Betpoints: 17

    Trust me bud they make lots of money.
    Look the at big pick 6 pools they make a huge cut from takeout on those.

  5. #5
    mikemca
    Update Status
    mikemca's Avatar Become A Pro!
    Join Date: 03-10-10
    Posts: 10,047
    Betpoints: 98

    A large portion of the horse racing industry is run by two companies in Churchill Downs Incorporated(CDI) and The Stronach Group.

    CDI owns
    Churchill Downs
    Arlington Park
    Calder Race Course
    Fair Grounds Race Course
    Just Sold Hollywood Park
    United Tote that process wagers and payouts and is a provider of pari-mutuel tote services to racing operations such as leading racetracks Aqueduct, Belmont, Churchill Downs, Keeneland and Saratoga.
    Twinspires
    50% HRTV
    Brisnet
    Plus a few casinos and racinos



    The Stronach Group owns
    Santa Anita
    Gulfstream
    Golden Gate
    Portland Meadows
    Pimlico
    Laurel
    Amtote -same as United Tote just different tracks
    Xpressbet
    50% HRTV

  6. #6
    xelemental
    xelemental's Avatar Become A Pro!
    Join Date: 04-22-07
    Posts: 602

    Cool Thanks all.

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