 |  | Wednesday, 27 February 2008 |
online gambling to Surpass Kentucky Derby bets
18 May 2005
There is a good chance that online gambling on the 2005 Preakness may surpass that of the Kentucky Derby online gambling as Sports911 online gambling site believes many more people will be motivated to make online gambling long shots with the hope of striking it rich.
Giacome stunned the racing world by winning The Kentucky Derby as a 50 to 1 long shot. he paid $50 for every $1 bet. It is this type of potential windfall that has online gamblers even more excited to be gambling online on the Preakness, despite the fact that most horse racing fans lost on the Kentucky Derby.
The majority of online gamblers go with the perceived favorites. With neither Giacomo or Closing Argument appearing under the radar, few had money on these two horses. This resulted in a 40% hold (profit) for online gambling sportsbooks like Bodog. The average hold on a horse race for the online gambling sportsbooks is just shy of 20%. This is compared to around 5% for basketball and football. |
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