WHALE QUESTIONS Yes, I've been watching the conversations on PA.
1. The business model essentially says, "If you're making money flat, you aren't betting enough and should bet more." The target is to lose about 3.5% per wagered dollar.
So the Elite Turf Club and the other whales don't really make a profit on wagers, rather their income is generated through rebates? Someone commented "if they have a positive ROI, that's bonus money." So there is no positive ROI, rather they wager large sums of money, and pay the salaries and bills just from rebates?