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Originally Posted by Dunbar
Randall, a -110 line is like a 4.5% track takeout, not a 10% takeout. To see that, just consider two bets of $110, one on each side of a -110 line. The sportsbook will get to keep $10 of the $220 that is bet. $10/$220 is 4.5%.
A 17% track takeout is equivalent to a -150 line! Can you imagine football bettors faced with a choice between Dolphins -150 and Colts -150?! The amount of football betting would drop to almost nothing.
The Pinnacle 7% rebate helps quite a bit, but it still doesn’t put horseracing in the -110 ballpark.
--Dunbar
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Never thought of it that way, I guess that's correct. The Take in horse racing is way too high. If it came down, more professional bettors would step in to the game.