deskgameThe odds of +425 indicate a probability of 19%. That means we need this prop to hit once out of five times to make money. If you bet $100 at +425 odds five times and win once, you’ll profit $425 one time and lose $100 four times. That’s a profit of $25.
deskgameBut they are mixing apples with oranges. The tax increase would fall only on online gaming operations, the casinos and the racetracks get a percentage of the net revenue from online gaming and the sports books. A higher tax will reduce revenue to the casinos and racetracks.
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