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One clarification from this report. The whales are not just looking to bet at the biggest tracks. The whales want to bet in the biggest pools they can find. They want the Kentucky Derby pools to appear every day if possible. But they will bet at every track they can find a betting advantage. They will bet at Yavapai Downs/Arizona Downs if they can find a bet there
In fact they likely make up a bigger percentage of handle at the smaller tracks as they get bigger rebates there
The proposal by the Jockey Club to buy up small tracks that fail is insane. The whales get massive rebates at these tracks and then send them bust by driving all the non rebate players away. But now the Jockey Club is proposing buying these failing small tracks just so the whales can keep making a mint
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