What should an odds line be?
Just a few questions regarding the Whales ,odds drops and ADW users.
We see that in @20% of races at all track sizes, the win pool increases by 20/40% from 30sec to post to the off. In the other 80% of races ,the win pool increases by 100/120% in that same time frame. What percentage of that final wagering amount do you think might be "whale "money and how much is due to late betting from online ADWs & OTBs ?
Next question is about rebates. Where does the money for rebates originate? Is it money that would otherwise be given to the tracks and horsemen? We often hear that on track betting generates far more for these groups than off track betting .
I have some speculation on both of these matters but,given your knowledge and expertise in this area,
I'd like to hear your thoughts .