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by rtchau 2478 days ago
It's solid. The problem is scaling: if you're betting fixed odds, a lot of bookmakers will limit the amount you can bet, or ban you outright if you're winning too much. If you're into horses and bet into the totes, you run the risk of wildly affecting the pool (and therefore the final payout) if you're throwing huge amounts into it. The only way to really scale it is to bet into pools that are already huge (like Hong Kong - hence why it's such a popular target for the big syndicates).