Scavs,Oracle tried to tell you to avoid betting these big win bets on Chalk.
Let me give you a couple reasons why it is a bad idea.Let's assume you play a $500 pick 6 with a take out of 25%...You give up $125 in take out once in a racecard,but for what possible reward? Who knows..Right?Could be 40k...Now compare that to the bet you described earlier($500 to win on a 7/5 shot.)You give up 18.5% right away=$92.50..if you bet an offshore it's 7% less...$57.50...Now what is the most you can possibly get back? $1200 total..O.K...Now what are you gunna do? You going home? Most guys are gunna keep betting.Depending on whether you win another race or not,you can keep pushing that money back and forth all night at a cost of 18.5%,or 11.5%. Your pssn away money that way(in takeout.)Probably another $100,or $200.Be smarter.
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