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Originally Posted by robfla
While I agree that whenever I take a friend to the track for their first time, they usually love it, you really cant compare the statistical "edge" in poker to horse racing.
You can scoop a $2500.00 pot in poker and pay $5.00 rake. (0.2%)
You win a $2500.00 pick 4 and you are, depending on which track, paying approx $500.00 rake (~20%)
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You're correct of course. I was more comparing it to the games where it is not possible to have an edge -- slots, roulette, craps... all the "house games". That's the emphasis that needs to come across in marketing it. I guess I see pari-mutuel betting as similar to a poker pot, except that the takeout is much higher than the casino rake, and there is more than one winner splitting up the pool.