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A comment on The rising human cost of sports betting. Parent comment

Re:The rising human cost of sports betting by jamesfinlayson on Monday January 31, 2022 @11:54PM (#30158772)
Do the people that run the tote make a loss? I thought they kept 10%-15% of the pool regardless.
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Re:The rising human cost of sports betting by nhoughto on Tuesday February 01, 2022 @02:30AM (#30159596)
Nah they generally make a loss on just the pool seeding bets (made by the nominated lucky few) and make it up from the rest. Generally the seeding bets end up as a small percentage of the overall pool.
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