Author Topic: WHAT DOES ODDS ON RACING DO THAT OTHERS CANT  (Read 5355 times)

0 Members and 1 Guest are viewing this topic.

Locked in with pace

  • Stakes Horse
  • *****
  • Posts: 1324
WHAT DOES ODDS ON RACING DO THAT OTHERS CANT
« on: July 16, 2024, 11:45:28 AM »
Over the years, the vast % of people with large racing stables who also were into breeding ended up getting out of the breeding business. A  few ( like Burke) produce a top sire that can change their lives and cover lots of breeding expenses. I don;t think Odds On has produced any life-changing sires. What makes his business model work? They've been around a long time.

Muncie

  • NW-1
  • *
  • Posts: 34
Re: WHAT DOES ODDS ON RACING DO THAT OTHERS CANT
« Reply #1 on: July 16, 2024, 11:51:13 AM »
Over the years, the vast % of people with large racing stables who also were into breeding ended up getting out of the breeding business. A  few ( like Burke) produce a top sire that can change their lives and cover lots of breeding expenses. I don;t think Odds On has produced any life-changing sires. What makes his business model work? They've been around a long time.
Dana and Eric designed odds on racing to lose money for tax write offs in an effort to get their dirty money that was obtained off shore, washed and laundered into good ole US currency.  They’ve lost money every year they’ve been in the business. But odds on racing has been successful at exactly what they created it to do, lose money. With all due respect, Eric and Dana aren’t stupid people in any way, shape or form, they are just unethical businessmen always trying to get one up on people. That’s just my opinion.
« Last Edit: July 16, 2024, 11:53:56 AM by Muncie »

hammer0419

  • Stakes Horse
  • *****
  • Posts: 1422
Re: WHAT DOES ODDS ON RACING DO THAT OTHERS CANT
« Reply #2 on: July 16, 2024, 03:40:08 PM »
You do realize the Federal Government only let's you claim losses for a limited amount of time.

simplify

  • Open / FFA
  • ****
  • Posts: 325
Re: WHAT DOES ODDS ON RACING DO THAT OTHERS CANT
« Reply #3 on: July 16, 2024, 04:23:15 PM »
nah...tax write offs are small potatoes

Chips N Salsa

  • Stakes Horse
  • *****
  • Posts: 1230
Re: WHAT DOES ODDS ON RACING DO THAT OTHERS CANT
« Reply #4 on: July 16, 2024, 06:15:53 PM »
Dana was at one time the largest horse gambler in the world.  Eric is complete baphoon criminal that goes from one scam to the next.

bond

  • Elite
  • ******
  • Posts: 2341
Re: WHAT DOES ODDS ON RACING DO THAT OTHERS CANT
« Reply #5 on: July 16, 2024, 07:05:09 PM »
Dana was at one time the largest horse gambler in the world.  Eric is complete baphoon criminal that goes from one scam to the next.

Not even close. Australian Horse race Gambler-Ranogajec turns over close to 2 BILLION annually. Better hope he never turns up here.

Bernie Madoff

  • Elite
  • ******
  • Posts: 4775
  • In the beginning, man created"god".
Re: WHAT DOES ODDS ON RACING DO THAT OTHERS CANT
« Reply #6 on: July 16, 2024, 07:17:33 PM »
Dana was at one time the largest horse gambler in the world.  Eric is complete baphoon criminal that goes from one scam to the next.



 ngc3 ngc3 ngc3 ngc3 ngc3 ngc3 ngc3 ngc3



 baphoon
He who laughs last, laughs best.

rainman2

  • Living Legend
  • *******
  • Posts: 27969
Re: WHAT DOES ODDS ON RACING DO THAT OTHERS CANT
« Reply #7 on: July 16, 2024, 07:21:45 PM »
Horseplop isn’t a popularity contest!!

Muncie

  • NW-1
  • *
  • Posts: 34
Re: WHAT DOES ODDS ON RACING DO THAT OTHERS CANT
« Reply #8 on: July 17, 2024, 11:37:40 AM »
You do realize the Federal Government only let's you claim losses for a limited amount of time.
Yes sir, I do realize that but when Dana got most of the funds from costa Rico into the U.S. by hiring trainers and claiming and buying overpriced horses and then putting them back into claiming races for 50% less than what he claimed them before, it just didn’t matter to him because now his money was clean and legal.  Dana helped out the harness game by losing so much the first few years with Robin Schadt as trainer that he accomplished everything he set out to do and that was to live happily ever after.  I truly believe now that his money is legal, he tries to win and hire the juice trainers to win. But Dana and Eric both are good for our game.  They spend big money and that’s a good thing. 

Chips N Salsa

  • Stakes Horse
  • *****
  • Posts: 1230
Re: WHAT DOES ODDS ON RACING DO THAT OTHERS CANT
« Reply #9 on: July 17, 2024, 08:39:12 PM »
Eric won't be around much longer.  Once Dana figures out that Eric has financially screwed all his previous trainers and partners he will cut him off too.  Go ask Robert Cooper or Croghan or Jeff Webster.  I could go on with trainers he owes massive money too.  Now he unloading Ongait shares trying to raise money to pay bills.

Casualfan1

  • Top Claimer
  • ***
  • Posts: 213
Re: WHAT DOES ODDS ON RACING DO THAT OTHERS CANT
« Reply #10 on: July 20, 2024, 03:36:30 AM »
I don’t know Cherry but haven’t heard a lot of positive things about him but I did think he and Croghan and Webster were tight?  Are they on the outs?  What happened as they had horses together for many years it seemed

Lucky Nellie

  • NW-1
  • *
  • Posts: 30
Re: WHAT DOES ODDS ON RACING DO THAT OTHERS CANT
« Reply #11 on: July 20, 2024, 10:51:59 AM »
is that why they donated it to a non-profit veterans group to do 'goat yoga for veterans' but only had veterans out there once and then repurchased it for $1M... sad that place could be used for so much right now.

 

shout out

Refresh History
  • Sound off !
  • Trigger: "Kill kill kill the white man, until he's dead!"  ngc3
    Today at 04:24:12 AM
  • Kirby's Ace: So you keep saying black woman. Are you also saying they kicked her out because she is black? Nothing to do with job performance?
    November 10, 2026, 09:29:13 PM
  • Kirby's Ace: Ok
    November 10, 2026, 09:26:44 PM
  • Thatgirl1778: Bob Corey and Ginger Keeler were run out of RA for running that place into the ground, now Dover is the target
    November 10, 2026, 07:11:46 PM
  • Thatgirl1778: Presiding judge who hired all his own people and made a piss catcher a paddock judge over break. They are ruining dover.   Claimed she wasnt working but she spent most time just hanging in kitchen
    November 10, 2026, 07:10:27 PM
  • Trigger: Please tell Kim, from me..."Kill kill kill the white man, until he's dead!"  ngc3
    November 10, 2026, 07:09:39 PM
  • Ignorance Is Bliss: For what, and who is it that doesn't like her.
    November 10, 2026, 07:07:09 PM
  • Thatgirl1778: Kim fox bothers NO ONE was working today and got kicked out for 2nd time in 7 days abd being singled out.
    November 10, 2026, 07:05:46 PM
SimplePortal 2.3.7 © 2008-2026, SimplePortal