In our recent HANA survey we noticed that a good many of you (over 50%) do not get any cash rewards whatsoever. This is not a surprise, as on-track players, simulcast players and smaller players at various ADW's have a tough time getting their takeout reduced. However, one scribe seems to think (and we agree) that being a successful horseplayer means one must shop for the best deal:
If you are one of the many people trying to make money by handicapping horse races, you know just how hard it is to make a profit. One of the reasons is the nature of horseracing itself. It is just a very unpredictable sport because there are so many variables. As if that wasn’t enough there is also the greed factor.
I am not talking about the greed of the bettors, I am talking about the greed of the states and governing authorities who take so much out of the pools that there is hardly any chance at all to make a profit. Back in the golden days of horse racing, legal bookies used to have to compete for your betting action. They would shave their own percentage to the bone in order to get your action.
But now the states have sewn it up so there is no competition and they can feed off racing while also criticizing it at the same time. But, there is one thing that you can do to counteract their methods. You can shop around for the lowest takeout and play those tracks while avoiding the tracks with a higher take.
To read more it's here.
We have been trying to get through our ADW ratings with rewards components for you. However, time is not on our side this year with so many issues to work on, so we are lax on that. We would like to get this done, and add some of the excellent on track rewards programs, like Hawthorne's where you can earn up to a 4% reduction in takeout. If any players would like to share where they are getting good deals, please do in the comments section below. As well, if you are looking to improve your bottom line, the HANA track ratings here list all tracks and their takeouts.