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Originally Posted by blackthroatedwind
All monies bet, less takeout, get returned in the pari-mutual pool. The takeout is mostly kept by the racetrack, if your bet is made on-track ( or through NYRA-One if you're betting NYRA tracks ), and used to pay the expenses of running the business.....from purses to salaries to daily upkeep.
If you bet with an ADW they pay for the signal, and keep the difference between that rate and the takeout percentage, just as if you bet Santa Anita at Aqueduct.
Anything else?
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Dude, I think he is talking about actual numbers here, i think he knows the above.
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Where does the $100 go in each of these three situations?
1) Win Bet Placed on Track
2) Win Bet Placed at OTB
3) Win Bet Placed with ADW
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