I was thinking about how economists like to compare the value of money "now vs. then:, and it occurred to me that the $2 minumum wps wager has been the norm since day 1, pratically.
How would the world react if the minimum was raised?
Check this out: http://www.measuringworth.com/calculato ... result.php
The link will show that $2 in 1938 would be worth at least $25 today.
Now, I'm not suggesting that the minimum wager should be $25, but what if it were, say, $5? Would the industry collapse quicker than it is now? Could take-out be lowered? How would the odds board look? I ask these questions because the more mathematical of our posters are better equipped to answer this (and more).
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$2 minimum too low?
4 posts • Page 1 of 1
$2 minimum too low?
by Pegasus44 » Sat Jul 11, 2009 7:24 am
Avatar: FuPeg, acting like...well, FuPeg
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Pegasus44 - Posts: 417
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Re: $2 minimum too low?
by Moonwalker » Sat Jul 11, 2009 7:44 am
Back in the 80's at Louisville Downs (harness track), the minimum bet was $3.
Mary MMM
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Moonwalker - Posts: 1201
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Re: $2 minimum too low?
by Joel » Sat Jul 11, 2009 1:24 pm
..and yet many people are clamoring for $1 Pick 6's, .50 Trifectas and Pick 4's, and 1 cent Place Pick Alls..
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Joel - Posts: 3230
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Re: $2 minimum too low?
by DegenerationX » Sat Jul 11, 2009 6:00 pm
Crissakes JB stick to the Kems.
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Ye without sin, in, this, business, cast, the, first, stone.
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DegenerationX - Posts: 2631
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