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Originally Posted by blackthroatedwind
It's a silly line, I agree, but the idea that NY OTB pays under 2.5% for the premier prime time winter race meet is mind boggling. These racetracks have to stop giving away their signal.
I would love to know what percentage of NY OTB's Gulfstream handle is done at shops and what is done over the phone....as they would lose very little of the account wagering because those people rate to have other accounts or are at least amenable to opening one if OTB is shut out.
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I'm obviously not a complete sample but the vast amount of my Gulfstream handle is in-shop (which sucks for the obvious takeout reasons) for NYCOTB because of the fact that it isn't on channel 71 when Aqu is still running and I can't stand the choppy video on Xpressbet. Gotta think I'm the norm rather than the exception on this one.
2.5% is an absurdly low figure, especially considering they tax an additional 5% on all wagers. What a racket. Put up a dingy box with nothing in it except 10 half-broken tv's, a couple self bet machines, and 3 disgruntled ticket takers and you've got yourself a legal goldmine.