NTRA Players Panel Recommendations

[schweitz]

http://news.bloodhorse.com/viewstory.asp?id+20762

[schweitz]

OK, let me try this again.
http://news.bloodhorse.com/viewstory.asp?id=20762

[Buddha]

Just a few snippets for those who don't want to read the whole article, although it is a good one.

A. Integrity of the pari-mutuel pools, and the late merger of wagers
The late mergers of simulcast pools at the host tracks following the "off" times have resulted in unacceptably late and significant drops in the odds after the horses have left the starting gate. The phenomenon has contributed to a perception that sophisticated bettors are using technology to past-post the races, and to a real loss of value that subverts the handicapping and wagering goals of all bettors.

Recommendations: of data processing and odds changes to 10-15 seconds.

-- Totes should "force cycle" the win pool every 10 seconds after the pools close to update the final odds as quickly as possible and prevent delays from individual sites.


Tax Issues

-- Increase the federal withholding threshold on racetrack winnings from the current $5,000 to $25,000.

-- Raise the IRS reportable income and odds thresholds from the current $600 for a bet paying 300-1 or more to $1,500 and 750-1, respectively.

-- Lower the federal withholding tax rate on racetrack winnings from the current 25% to 10%, or to a level commensurate with the potential tax liability.

There is much more that should be read.

[Dan Montilion]

I'd like to recommend something to the industry... Please somebody do something instead of talking, even if it is wrong.

Dan Montilion

[Buddha]

Originally posted by Dan Montilion
I'd like to recommend something to the industry... Please somebody do something instead of talking, even if it is wrong.

Dan Montilion


Very true. How often do they talk about change, and then never follow through.

[JustRalph]

Jay Cronley has seen a change in his neck of the woods...

http://espn.go.com/horse/columns/misc/1739094.html

[kenwoodallpromos]

long wish list! Some ideas are labor intensive.

[highnote]

Originally posted by JustRalph
Jay Cronley has seen a change in his neck of the woods...

http://espn.go.com/horse/columns/misc/1739094.html

This is all fine and good, but remember, it is very expensive to stage horse races. It is relatively cheap to operate slots.

Maybe if tracks own slots some of the benefits casino players receive will be enjoyed by horse race bettors.

[JustRalph]

Originally posted by swetyejohn
This is all fine and good, but remember, it is very expensive to stage horse races. It is relatively cheap to operate slots.

Maybe if tracks own slots some of the benefits casino players receive will be enjoyed by horse race bettors.

and I think that was Jay's entire point...........don't you?

[highnote]

Originally posted by JustRalph
and I think that was Jay's entire point...........don't you?

Probably was. I read it pretty quick. Maybe I summarized it without realizing it?

[rrbauer]

And nary a mention of the most unkindest cut of all to a horseplayer: Breakage.