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Author Topic: New Horse racing product  (Read 1330 times)
Posts: 1

« on: October 27, 2005, 07:37:42 AM »

Got an e-mail yesterday from saying that they are launching a US horse racing pool product with 5% take out and guaranteed liquidity. Yesterday I was on and only picked the one winner but they paid $8.84 for $2 compared to $8 at the track. All returns were 10 - 12% higher than the track. I guess that makes sense if you take out 5% compared to 14 - 20% as the tracks do.

I saw there was $100k available to bet every race and a $50 bet hardly changed the odds at all.

Just think this thing has to be huge - only win pools at the moment but more to follow apparently.
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