Racebook Settings

Optimize your Racebook operations, ensuring a balanced and profitable approach to horse racing bets.

Key Features Overview

1. Max Racebook Payout

• Definition: The Max Racebook Payout is the absolute maximum payout that can be awarded, regardless of the odds, for a winning bet in the racebook.
• Purpose: This setting ensures that while winners are rewarded, the payouts do not exceed the operational capacities.

2. Racebook Min Risk

• Definition: The minimum Racebook Risk limit for Win, Place, and Show bets.
• Purpose: Establishes a lower threshold to ensure that all bets meet a minimum risk level, contributing to the overall betting pool and maintaining a balanced betting environment.

3. Racebook Risk Limit

• Definition: The risk limit for Win, Place, and Show bets.
• Purpose: Controls the maximum risk the racebook will accept for individual bets, ensuring a diverse and widespread betting field without overly concentrating on risk.

4. Racebook Exotic Min Risk

• Definition: This is the minimum risk limit set for Exotic plays.
• Purpose: Similar to the Racebook Min Risk, this setting ensures that Exotic bets adhere to a minimum risk threshold, fostering a healthier betting ecosystem in more complex bet types.

5. Racebook Exotic Risk Limit

• Definition: The risk limit applied to Exotic plays.
• Purpose: Dictates the maximum risk level for Exotic bets, managing the balance between potential large payouts and the racebook’s capability to sustain such outcomes.

How to Adjust Your Settings

Racebook Adjusting Payout and Risk Limits

1. Max Racebook Payout: To adjust, locate the corresponding input field and enter the new maximum payout limit. This should reflect your strategic financial boundaries.
2. Minimum and Standard Risk Limits: Each category (Win, Place, Show, and Exotic) will have its own section. To set new risk thresholds, enter the desired limit into the respective field.
3. Save Changes: Once adjustments are made, save your settings to apply the changes immediately.