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Rebate shops give back plenty to sport

A pretty good argument can be made that the creation of the so-called rebate shops have been just about the best thing that has ever happened to horse racing.

Updated: January 31, 2005, 4:38 PM ET
By Bill Finley | Special to ESPN.com

A pretty good argument can be made that the creation of the so-called rebate shops have been just about the best thing that has ever happened to horse racing. They have created hundreds of millions in betting handle that otherwise never would have existed and have actually given some high rollers a legitimate chance of beating a game that had been virtually unbeatable.

It's a simple formula. Because the rebate shops may typically collect 15 percent or more from a bet as their portion of ...

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