Originally Posted by
indio
Right, play against your own money with 18% rake, when you can go offshore and reduce the hold to 8% with 10% added to the mutuals, and not bet against your own money at smaller tracks with smaller pools.
Let's see, if we wanted to bet $100 to win on a horse at Emerald Downs that had a win pool of $22,000 on a horse that had $8350 bet on him, that mutual would come back $4.20 or +110. If he bet that same horse $100 to win through a shop offering a 10% +, the mutual would pay 4.40 at the track, and he would get a mutual after the add-on of $4.84 or +142.
So you could bet that horse +110 through a "regulated" shop, or bet that same horse at +142 at a offshore book. In this scenario on this bet, he reduces the rake on his wager from 20.3% down to 8.15%. And you call him a moron?
lets say he places this bet 5 times a week for the year (260 total). He wins 125 out of 260 races with these shorter priced horses. Through the track, he loses $800 for the year, offshore, he wins $4250. And he's a moron?
Learn some math before you go insulting someone, even though Bronxer probably didn't know the original poster was referring to a legal horse shop.