In this video, my fourth episode on wager strategy and structuring, I talk about races in which the only winning move is not to bet at all, no matter how skilled a horseplayer you might be.
woe to the US horse race bettor ! Apparently for a short period of time Monmouth partnered with Betfair, and it sounded like NJ bettors finally had a 'fair' chance of winning. But even in that case the commission was apparently nearly 15% ! (instead of the usual 2--5 %).
THAT was the track, Monmouth! I read an article about a track offering locked in odds when betting for a limited time. They said it was a monumental endeavor that had pros and cons. Is it completely off the table now?
@@TheNobleLoyalist I think the deal with Betfair fizzled, but someone else (BetMakers) took over and offers fixed odds at Monmouth. But in true US fashion, I believe they too are taking out around 15% as I recall. From what I've read the 'pure' Betfair person-to-person trading concept will likely never come to the US, too many jurisdictions involved. It sounds like what BetMakers offers is like what the UK calls sportsbooks betting, which gives you fixed odds at the time you place the bet.
