great takeout article

[Cannon Shell]

That was a long version of saying that higher takeouts mean less money for everybody in the longrun. (I wish that his example was correct in his assumption that the entire 10% take out for the second player went to purses, but it is far from the truth). The issue with takeout from a track management point of view is that many of them simply dont value their customers. The vast majority of players simply dont bet enough to really benefit from a lower takeout in their opinions. Like Brunetti said, "It is only a few cents here and there" or something to that effect.