U.S. Horse Racing
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This two runner race - just before the off showed the pathetic value of the win pools in American racing.
Fav 1/9 2nd fav evs.
Shocking.
Fav 1/9 2nd fav evs.
Shocking.
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Actual final odds were 1/5 and 7/5. Still a shocking 125% book but this equates, I think, to 20% pari-mutuel takeout which is typical of US racing and also roughly the same as UK Tote returns?
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In this day and age, especially where money is placed on the internet and actual cash doesn't change hands, the biggest rip-off is the breakage. They calculate the dividend, and anything from $2.40 to $2.59 pays out at $2.40. All those 19cents add up to chunks. There is no excuse for not declaring the dividends to the penny.
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Never thought about that. So cheeky!
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But the difference is they're racing for $30,000, we're racing for £2,700 over here.
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