Geary cal for new betting exchange

[betovernetcapper]

If you click on only one hot link today, make it this one.

http://news.bloodhorse.com/viewstory.asp?id=42337

If this can be put together it not will mean an end to Signal Wars, but will transform the industry. :ThmbUp:

[rrbauer]

:bang: The industry can't even get together on baby steps (this includes horseplayers). There is too much ego and self-absorbtion in play to make across-the-board change of the magnitude that Geary suggests. We're still waiting for more than one track to even implement more than one of the NTRA Player Panel's ten suggested changes to improve the game. From when, three years ago?

It's nice to see a track owner publicly recognize the need for change. Same guy that engineered the takeout reduction in the P4 at Ellis last year but has decided to do something else next year. This game is about status quo. It's about vested interests. It's about monopolizing gambling via the Internet. It's about a game with national, indeed, international aspirations that's subject to individual-state regulations.

Every year at these industry symposiums one or more people does the we should do this, that and the other thing dance. Woulda, coulda, shoulda. Wish in one hand and crap in the other....Deja Vu all over again!

[Indulto]

If you click on only one hot link today, make it this one.

http://news.bloodhorse.com/viewstory.asp?id=42337

If this can be put together it not will mean an end to Signal Wars, but will transform the industry. :ThmbUp:From the article:Geary Calls For New Exchange
by Ron Mitchell

… One idea presented by Geary was conceived by Lexington horseman Joe Riddell, who is … among the partners in the advance deposit wagering enterprise Premier Turf Club, …

… The main ideas behind Riddell's concept are:

* … “In effect, content would be made available to everybody,” …

* A neutral party administering it in a neutral location that has the technology infrastructure to function quicker and better than what exists now.

* Free market rate setting for content, ...
… “There is no need for a middle man in this model and the track sets the rates,” he explained. “Either you take it or you don’t take it.”

* Infrastructure and technology to have “final settlement” of wagering payments to tracks in one business day.

… the Centralized Betting Exchange would:

* Charge fees to cover costs of operation as well as debt incurred to acquire TVG, HRTV, and Tracknet and to build infrastructure.

* Industry-wide ownership with a non-profit charter or a capped return on investment for a for-profit operator.

* Make content and simulcast signal available to any legal entity that wants it at a market-driven price.

“The result would be an increase in handle, except for this organization,” …Trough feeding elimination concept makes too much sense and diverts too many $s for acceptance by vested interests. :bang:

[boomman]

:bang: The industry can't even get together on baby steps (this includes horseplayers). There is too much ego and self-absorbtion in play to make across-the-board change of the magnitude that Geary suggests. We're still waiting for more than one track to even implement more than one of the NTRA Player Panel's ten suggested changes to improve the game. From when, three years ago?

It's nice to see a track owner publicly recognize the need for change. Same guy that engineered the takeout reduction in the P4 at Ellis last year but has decided to do something else next year. This game is about status quo. It's about vested interests. It's about monopolizing gambling via the Internet. It's about a game with national, indeed, international aspirations that's subject to individual-state regulations.

Every year at these industry symposiums one or more people does the we should do this, that and the other thing dance. Woulda, coulda, shoulda. Wish in one hand and crap in the other....Deja Vu all over again!

Richard: I understand your skepticism, and it of course, is valid. However, I was at the Symposium and I can tell you that after talking with Ron Geary, that he is one of the GOOD guys! He has put his money where his mouth is, (by purchasing Ellis Park as a horseplayer) and is engineering a new, low takeout wager that he thinks horseplayers will find exciting next season, with the details to be announced soon. The centralized wagering concept is only a "longshot" because the people that are in power of the signals presently want too much to monopolize the industry instead of standing back and giving a great concept like this a shot. Hopefully, the industry will change in that the ones that are holding it back will be removed via sale, bk. or whatever, and our business will be able to move forward via innovative ideas like Ron Geary and Joe Riddell of Premier Turf Club have proposed. The only amazing thing IMHO is that we have to state this as a longshot, because so many folks in power are more interested in their own personal agendas than working together to fix a fractured industry that keeps shooting itself in the foot!:mad:

Boomer

[sandpit]

Geary is a good guy, but his track still has high takeouts, particularly on the exotics. That aside, he may be the only track operator that can relate to the everyday visitor and online player. God knows people like the Steve Sextons of the world can't, because they don't have any personal affinity for the sport. There is word on the street that Geary has been exploring the possibility of purchasing Santa Anita from Stronach.:jump: