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View Full Version : Betting, crowds down at Churchill--News Item

Pace Cap'n
06-15-2007, 10:18 PM
Story...

www.courier-journal.com (http://www.courier-journal.com/apps/pbcs.dll/article?AID=/20070615/BUSINESS/706150410)

Also, account wagering is down, which Churchill Downs Inc. President and CEO Bob Evans said should be expected since Churchill races are no longer available through online wagering operations TVG and Youbet. But "revenue's actually gone up on wagers placed through the (advance-deposit wagering) platforms."
toddtontv
06-15-2007, 10:29 PM
Spin, Spin, Bob Evans the master!
BillW
06-15-2007, 10:30 PM
Story...

www.courier-journal.com (http://www.courier-journal.com/apps/pbcs.dll/article?AID=/20070615/BUSINESS/706150410)

But "revenue's actually gone up on wagers placed through the (advance-deposit wagering) platforms." ... because the takeout is higher. If they get rid of all bettors and raise the takeout to 100% they'll really be kicking ass! :lol:
trigger
06-17-2007, 11:06 PM
But "revenue's actually gone up on wagers placed through the (advance-deposit wagering) platforms." ... because the takeout is higher. If they get rid of all bettors and raise the takeout to 100% they'll really be kicking ass! :lol:

Churchills cut of the EXISTING takeout is bigger (7-8%) with Tracknet than prior (3-3.5%)
highnote
06-20-2007, 03:04 AM
Churchills cut of the EXISTING takeout is bigger (7-8%) with Tracknet than prior (3-3.5%)


The article also said TVG paid additional fees to offset the fact that people were betting online rather than at the track. Any ideas what those extra fees amount to?
cj
06-20-2007, 05:24 AM
Churchills cut of the EXISTING takeout is bigger (7-8%) with Tracknet than prior (3-3.5%)

There is no way that bigger cut made up for the loss in handle.
trigger
06-20-2007, 01:08 PM
There is no way that bigger cut made up for the loss in handle.

It appears that the stockholders aren't concerned about the loss in handle:
http://money.excite.com/jsp/ct/bigchart.jsp?symbol_search_text=CHDN&chartdate=4

Maybe the PA.com MB sentiment is a good contrary indicator for stocks.....time to buy MEC/Magna ???
highnote
06-20-2007, 01:14 PM
It appears that the stockholders aren't concerned about the loss in handle:

Maybe the PA.com MB sentiment is a good contrary indicator for stocks.....time to buy MEC/Magna ???


That's a great observation. I wonder if there is enough data to be mined here to make that determination?

By the way, where do you work, Trigger?
cj
06-20-2007, 02:35 PM
It appears that the stockholders aren't concerned about the loss in handle:
http://money.excite.com/jsp/ct/bigchart.jsp?symbol_search_text=CHDN&chartdate=4

Maybe the PA.com MB sentiment is a good contrary indicator for stocks.....time to buy MEC/Magna ???

If you want to line Stronach's pockets, have at it.
trigger
06-20-2007, 06:16 PM
That's a great observation. I wonder if there is enough data to be mined here to make that determination?

By the way, where do you work, Trigger?

Don't have a "job", .......retired for a few years now and enjoying it.
Try it you'll like it!!!!
highnote
06-20-2007, 06:48 PM
Don't have a "job", .......retired for a few years now and enjoying it.
Try it you'll like it!!!!


I'm self-employed. Same thing. :ThmbUp:
garyoz
06-21-2007, 09:10 AM
Maybe the PA.com MB sentiment is a good contrary indicator for stocks.....time to buy MEC/Magna ???


Yeah, that's a great chart pattern. :rolleyes:

http://money.excite.com/jsp/ct/bigchart.jsp?symbol_search_text=meca