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Originally Posted by Scav
Pyramid, cash rolls down hill.....
1) Bettor bets into pool
2) Track takes cut for operating expenses, purses
3) Track pays owner for win
4) Owner pays Trainer
5) Trainer pays employees
It is a pyramid.
Without bettors, tracks get nothing, without tracks, the trainers have no jobs, without trainers, their employees have no jobs.
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How about owner pays for horse that actually runs?
There would be nothing to bet on if not for owners
buying the competitors. I feel compelled to make sure
the betting public understands this.
The owners and betting public are the cash cows, not just the betting public.