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Parimutuel has simplification benefits for the pool-operator and casual recreational bettor... but is of little interest to big-money/smart-money. Why not? Unl
by gojomo 12y ago
Parimutuel has simplification benefits for the pool-operator and casual recreational bettor... but is of little interest to big-money/smart-money.
Why not? Unless they're the last money in, they might not be getting the odds they expect... and thus might even have their money on the 'wrong side' of the bet, given the final odds.
That could limit the interest and liquidity here.
- glomph 12y agoYeah. There is a strong incentive for anyone using this site to wait as long as possible. Unfortunately that probably results in a kind of feedback loop preventing the site from being used.