This is a key point and so well written by Crist:
Quote:
On the contrary, every single long-term experiment with takeout reduction has shown that it increases handle, participation, and customer satisfaction – not necessarily because players are consciously aware of higher returns, but because they find themselves with a bit more money on hand that they reinvest over and over. They stay in action longer, and they receive more positive reinforcement to keep playing the game because their money seems to last longer and go farther.
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If people go back and really study the betting end of the game from the late 1800's and early to mid 1900's.
They'll have a great idea of how much room for growth horse racing has if it can get away from the unbelievably draconian treatment it subjects to, or at least the bettors who don't know how to go about jumping through the hoops they need to jump through in order to get rebates.
Horse Racing is a game that should be greatly moved up by advancements in modern technology. It also still has the laws very much in it's favor.