Books and parimutuel pools..

[geeze]

Had no luck with this question in the horseracing forum.

Are there any offshore books that feed bets directly into the parimutuel pools?

(If there are, I assume they would offer all available exotics and would not put a cap on any of the payoffs. Is that right?)

Thanks for your response.

 

[punter]

Be interesting to find the answer Geeze. I have no idea how a book, offshore or not can hook into paramutual pool and going it alone is akin to Russian roulette.

 

[GREENHEAD]

There are some offshore-books that feed into the mutual.
But all offshore books have some type of caps.

 

[trytrytry]

some off shore places like betjam, greek, bodog, bookmaker and pinnacle can put the wagers into the parimutual through a hub and get a bit of a rebate back..but they prefer to book them without putting them in the pools as their ROI is much better that way..
so until they mark you a sharp your money will not go in the pools...they put a cap on it just in case something goes wrong, or they have to pay taxes on a huge win or just to get more cash form the customer on a miracle huge trifecta or pick 4 by capping it...

 

[michael777]

i know the sportsbook.com group will put at least part of your bets into the pools once they see you have a clue as to what you are doing

 

[oldmanTED]

michael777

i know the sportsbook.com group will put at least part of your bets into the pools once they see you have a clue as to what you are doing

Have an account with them. Are you sure about that? Can you spell out a concrete example. Not trying to put you on the spot. Just looking for some first hand knowledge. They've got a cap on each track and pay 3% and 8% on WPS and exotics respectively. That sounds good but not if money is going into the pool knocking down the odds.

 

[davidcng]

booking: the best one. www.bodog.com, then www.5dimes.com, both stop taking bets before the horses leave the gate and only "for recreational players".

pari-mutual: www.ladbrokes.com, www.bet365.com, www.willhill.com, www.link2bet.com (rebates/ask me for more), www.victorchandler.com, i think as USA player have to pay taxes.

 

[Bruins4Life]

some off shore places like betjam, greek, bodog, bookmaker and pinnacle can put the wagers into the parimutual through a hub and get a bit of a rebate back..but they prefer to book them without putting them in the pools as their ROI is much better that way..
so until they mark you a sharp your money will not go in the pools...they put a cap on it just in case something goes wrong, or they have to pay taxes on a huge win or just to get more cash form the customer on a miracle huge trifecta or pick 4 by capping it...

Pinnacle stopped taking horses some time ago.

 

[michael777]

Have an account with them. Are you sure about that? Can you spell out a concrete example. Not trying to put you on the spot. Just looking for some first hand knowledge. They've got a cap on each track and pay 3% and 8% on WPS and exotics respectively. That sounds good but not if money is going into the pool knocking down the odds.

i bet harness racing ted,win,place and show bets,after a few weeks i saw that sportsbook was putting anywhere from 15-to 40 percent of my money into the wps pools,i got suspicious as my horses seemed to have more money on them than normal since i was betting at the smaller harness tracks i am familiar with the pools,so i started betting a few very early in the betting,within 3 minutes,the money would go into the pools,hope this helps,good luck

 

[davidcng]

i bet harness racing ted,win,place and show bets,after a few weeks i saw that sportsbook was putting anywhere from 15-to 40 percent of my money into the wps pools,i got suspicious as my horses seemed to have more money on them than normal since i was betting at the smaller harness tracks i am familiar with the pools,so i started betting a few very early in the betting,within 3 minutes,the money would go into the pools,hope this helps,good luck

What is your betting site?...

 

[michael777]

sportsbook.com

 

[davidcng]

sportsbook.com commingle bets in harness, but they book the horse bets.