I've been posting for a while about this at b tracks
Never expected 80% changes at meadowlands on a Saturday night
All the problems this sport has pail in comparison to this one
People bet millions on lottery with a 50% take out, all because they know the payoff. People will bet millions on anything as long as they know the payoffs. People aren't going to bet serious money with this high a fluctuation on return.
If your bets are sharp, the tracks will severely limit you at first then eventually ban you from fixed odds wagering. What would you do then? Lottery?
Pari mutual is the absolute best part of horse gambling
CAWs are what destroyed it.