1. 06-09-11 10:33 AM #1
    wwraymond
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    Do online sportsbooks lay off horse bets?

    Does anyone know if they book the bets or if they lay them off through the track?

    Anyone have knowledge of this?
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  2. 06-09-11 10:36 AM #2
    Waterstpub87
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    Horse Bets are different then sports bets. They are done in a para mutual fashion. The payout on the winning/placing/showing horse is paid out of a pool of all the bets that are placed on that race. The book takes a 10% cut or so off the top, but you are being paid with other peoples money.

    That is how it is done at tracks, I am not sure on the specifics of offshore horse bets.
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  3. 06-09-11 01:10 PM #3
    mr.inpak
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    when betting offshore the bets dont go into the mutual pool that is why offshore books have limits
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