The ravages of takeout

[Boscar Obarra]

Seeing this (takeout)  discussed more and more, here and elsewhere.

  Not really a new issue but maybe the heat is being turned up a notch, we can only hope.

  Anyhow, I cooked this up a while ago, and it may be of some interest. Basically , it shows what happens to the publics \'bankroll\' during a 9 race card, under different scenarios.

 First , when betting all that\'s left after a race, then alternately ,betting 25% of the bankroll every race.

 At the bottom a matrix showing multiple bet percentages/takeout rates, and what\'s LOST  to takeout (in % terms) after the 9 races.

 Somewhere in the mix is a more optimum takeout rate than we have now. I\'m thinking between 5 and 10% would make for a much healthier gambling game.

Click here to go to the Spreadsheet

https://docs.google.com/spreadsheets/d/10Zj7EUQetV0U-93lE9M5Rdpa2DwbnoTei9PCJ1-UTEY/edit?pli=1#gid=285784707

[Boscar Obarra]

178 viewers struck blind by the spreadsheet and nothing to say.  That was 1 to 5 !

[Gerard]

A random walk down the backstretch and the efficiency of TG question:

All,

   Would you rather

      A. Bet into a ten horse million dollar win pool with a 24% take against non TG/Forum affiliated bettors.

      B. Bet into the same pool with an 8% take against TG customers/readers.

      C. Bet into the same pool with an old paper racing form, no beyers, no tg or kool aid competition, and a 50% take.