Thread: Guaranteed Pools
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Old 07-03-2007, 09:44 PM
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Kasept Kasept is offline
Steve Byk
  
Join Date: May 2006
Location: Greenwich, NY
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Quote:
Originally Posted by ateamstupid
Guaranteed pools are a con to make the bettors think they'll get a bigger payout than with a non-guaranteed pool. What's the advantage of playing a guaranteed pool?
The advantage CAN BE that the pool generates a shortfall of the guaranteed amount and the track makes up the balance which can effectively eliminate a portion of the takeout. If there's a $500,000 guarantee and only $400,000 gets bet by the public, that's a 25% bonus in the pool as added by the guarantor. If takeout is 25% on the bet, it's been negated by the money the track put up.

Read Crist's piece from last week after the triple track P6 day... He addresses a tangental element of this discussion.
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