Do online sportsbooks lay off horse bets?

[wwraymond]

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

Anyone have knowledge of this?

[Waterstpub87]

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.

[mr.inpak]

when betting offshore the bets dont go into the mutual pool that is why offshore books have limits