Re: How Take Out Really Works - Rebates (530 Views)

There are no full-time horseplayers beating the game without rebates. The best of them are about 95-98% ROI before rebates. I've spoken to most of the biggest players, and the one thing they all agree on is if they had to win playing into a 20% take (i.e. no rebates), their wagering volume would fall by 75% or more, and at that level the compensation isn't worth the enormous amount of time they put in.

There's just not enough square money in the pools anymore to survive the 20%+ chop.