The biggest complaint I hear about horse racing is the takeout is
high, making it too hard to win. It's a charge that is right and wrong.
All
gambling games have a takeout, though it might carry a different name.
Sports betting has a 10 percent vig that only the losing side pays.
Table games and slot machines have a hold percentage, usually in single
digits.
Horse race takeout is necessarily higher to pay all of the
expenses down the business food chain. However, a big advantage in
betting on horse racing is that a skilled horseplayer can improve his
odds at the expense of those who bet more randomly.
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