Offer from online horserace betting site leads to surge in prep race betting
Online PR News – 13-April-2012 – Panama, City – While racetrack betting historically hits and all-time high on the first Saturday in May when the Kentucky Derby rolls around, experts are already seeing a surge in online horserace betting thanks to LowVig. The online racebook is upping the thrill level during Kentucky Derby prep races with a major track rebate offer. Racebook bettors, new and old, will automatically qualify for a 7% track rebate at most major tracks, no matter which horse they put their money on.
“If you look at betting patterns at other racebooks, you’ll see that things stay relatively quiet until early May, but we’re seeing quite the opposite at LowVig,” stated a LowVig spokesperson. “Our races carry an automatic discount, and we believe that’s what’s causing such a huge spike in prep race bets.”
Word on the horse racing forums is that LowVig’s better value is allowing horserace bettors to build a bigger bankroll leading up to the Kentucky Derby. With the savings during the prep races, bettors can ultimately bet more at the Kentucky Derby.
The “vig” in LowVig refers to the “vigorish,” or “juice” that a sportsbook or casino has on a game. LowVig members pay just -105 juice on sports bets, well below the industry standard of -110. The lower juice translates to a 50% discount on major sports bets.
LowVig’s simply better value carries over to the racetrack as well. The online horseracing betting website offers bettors a track rebate of 7% on races at most major tracks. Rebates are instant and will apply to each bet placed automatically, regardless of whether the pick pays out.
Explained the LowVig spokesperson: “The rebates are credited back to our players’ account every day following the day the bets were placed. A bettor will automatically earn 7% of the total risk amount of each bet, regardless of whether they win or lose. For example, if one of our members bets $200 to win, and the horse wins paying out $6.00 for each $2.00 wagered, the payoff would be $600. Subtract the initial $200 wager and that’s an automatic profit of $400. But with the 7% rebate, the bettor would earn another 7% of the risk amount. That’s another $14, and they’ll earn that even if their pick loses.”
Prep races run all weekend long. Horserace bettors interested in seeing the simply better value firsthand can check out the post times and odds on the LowVig website.
LowVig launched in 2011, with a ‘Simply Better Value’ guarantee which is expressed through reduced juice sports betting, horse rebates, poker rakeback and casino rebates; all day and every day. The ‘Simply Better Value’ guarantee is made possible because LowVig doesn’t spend large amounts on advertising campaigns, affiliate deals, or promotions. Instead, all of the value is passed on to the Individual Bettor; ensuring significant word of mouth advertising.