I want to show that you don’t have to be a great or even a good capper to benefit from the 5Dimes bonus. Even a dart-throwing capper would do better with 5Dimes’ 10% bonus than with Pinnacle’s 7% rebate.
Let’s use $50 bets on 4-1 shots, like before. If the track take is 16%, then a 4-1 horse will have 16.8% of the total pool bet on it.*(see below) If we are just dart-throwing cappers, then we should have a 16.8% chance of winning bets on 4-1 horses.
Betting at 5Dimes, we will win 16.8 times in every 100 bets. (forgive the fractional win!). The track payoff on a $50 bet is $250, and we are getting an extra $25 each time we win:
After 100 bets, we have 16.8 * $25 = $420. That’s still better than the $350 we’d get from Pinnacle’s 7% rebate.
A dart thrower will end up with 20% more bonus/rebate money at 5Dimes than at Pinnacle. (assuming both the 10% bonus and the 7% rebate are applicable)
--Dunbar
*Explanation of 16.8% fig:
Say the total win pool is 100,000. Then after taking out the 16% track take, there will be 84,000 left. If a horse goes off at 4-1, that means that 1/5 of the $84,000 has been bet on it. 1/5 of 84,000 is $16,800. And $16,800 is 16.8% of the original 100,000 pool. If we are average bettors, we have a 16.8% chance of winning on 4-1 shots.
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Curlin and Hard Spun finish 1,2 in the 2007 BC Classic, demonstrating how competing in all three Triple Crown races ruins a horse for the rest of the year...see avatar
photo from REUTERS/Lucas Jackson
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