Parx racing and handle

[tzipi]

Parx just the other day did $31,000 in total on-track handle. I really wonder how they are still going. I know they take in off track(nothing huge) but the Casino can't be to pleased. They still put out very high purses for that racing, but nothing improves. I've always followed Philadelphia Park over the years but I haven't played in a couple years.

http://equibase.com/static/chart/pdf/PRX110911USA.pdf
($ Lists after last race)

[thearmada]

IMO it isn't a quality track. The simulcast feed is worse than tracks like Prairie Meadows. PARX is one of my last choices of tracks to bet on.

Today 8/9 horses won at odds lower than 5/2, the only horse that was above 5/2 went off at 6.3/1. Of those 8 winners 4 went off below even money. I don't follow the track religiously, but those numbers don't make a good case for a betable track.

I really don't care for the track, but some people do which I can understand as I like certain tracks people hate. But hey, if you can make money here and enjoy playing it, the more power to you.

[senortout]

Mountaineer Casino Racetrack & Resort Attendance: 5,487 Mutuel Pool: $14,687.00 Total Mutuel Pool: $1,207,842.00

This is another track, that same date

[tzipi]

Mountaineer Casino Racetrack & Resort Attendance: 5,487 Mutuel Pool: $14,687.00 Total Mutuel Pool: $1,207,842.00

This is another track, that same date

Wow, that's a bit shocking. I just looked up Mountaineers card yesterday and they did $13,000 on track handle. Geez. I guess I was shocked by Philly more because I used to follow and play it a while back. Never played Mountaineer.

[toussaud]

Pararie Meadows actually has a surprisingly nice track feed IMHO. one of the better ones out there. besides the crappy music they play when the host comes on.

[davew]

those must be typos, as backside workers would put in more than that (unless they all have laptops and push money through ADWs for rebates)

and the mad bomber at Mountaineer is putting in $5K without even seeing the horse?

[onefast99]

Parx just the other day did $31,000 in total on-track handle. I really wonder how they are still going. I know they take in off track(nothing huge) but the Casino can't be to pleased. They still put out very high purses for that racing, but nothing improves. I've always followed Philadelphia Park over the years but I haven't played in a couple years.

http://equibase.com/static/chart/pdf/PRX110911USA.pdf
($ Lists after last race)
I am there once a week the casino is packed, based on the deal the horseman got the casino has to keep funding the purses. A 90000 sq ft additon is under way for the main casino and Parx east(formerly the racetrack portion)has 2 floors of table games. This casino is by far the best in the state!

[Robert Goren]

I am there once a week the casino is packed, based on the deal the horseman got the casino has to keep funding the purses. A 90000 sq ft additon is under way for the main casino and Parx east(formerly the racetrack portion)has 2 floors of table games. This casino is by far the best in the state!I guess this proves once and for all that horse racings needs is bettors, but not the gamblers who bet on the horse. If they will bet on anything, horse racing will take a cut and the races will continue to be run.

[Elliott Sidewater]

Keep this in mind when playing Parx - at this track, more than any other I've followed in many years as a racing fan, the good trainers absolutely eat the bad trainers for lunch day in and day out. The bad trainers are the ones who never upgraded their stock when the slots came in. They've been there for decades, but the only time they win is when something unexpected happens in a race, or when the race is filled with nothing but horses from bad barns. Because they can't afford the same medications the better trainers use, these guys are running them on hay oats water and lasix. And that's probably 3/4 of their personal daily diets, too.

[proximity]

This casino is by far the best in the state!

ttt for the parkettes!! :eek:

[alhattab]

I am there once a week the casino is packed, based on the deal the horseman got the casino has to keep funding the purses. A 90000 sq ft additon is under way for the main casino and Parx east(formerly the racetrack portion)has 2 floors of table games. This casino is by far the best in the state!


Word on the street is that Parx is making contingency plans for Monmouth not opening next summer.

[NJ Stinks]

Parx just the other day did $31,000 in total on-track handle. I really wonder how they are still going. I know they take in off track(nothing huge) but the Casino can't be to pleased. They still put out very high purses for that racing, but nothing improves. I've always followed Philadelphia Park over the years but I haven't played in a couple years.

http://equibase.com/static/chart/pdf/PRX110911USA.pdf
($ Lists after last race)

I'd rather not defend a racetrack that takes out 30% on trifecta and super bets. But it's only fair to point out a few reasons for the ridiculous on-track handle.

1. There is no racing season. They run all year and that cheapens everything.

2. Parx owns 5 Turf Clubs all around Philly. If you haven't been to one, they are top shelf. Believe me, the Turf Clubs are very good reason not to make the trek to the track.

3. Toss in the usual Internet and Phone betting in PA and there's not much reason to go a track that caters to casino players.

The total handle on Monday $1.4M. Not great but it was a Monday after a holiday weekend and just a week after the BC.

[iceknight]

IMO it isn't a quality track. The simulcast feed is worse than tracks like Prairie Meadows. PARX is one of my last choices of tracks to bet on.

Today 8/9 horses won at odds lower than 5/2, the only horse that was above 5/2 went off at 6.3/1. Of those 8 winners 4 went off below even money. I don't follow the track religiously, but those numbers don't make a good case for a betable track.


<hindsight> Well if you had bet races 1 through 8 and parlayed your winnings, you would have made a tidy sum! </hindsight>

[OTM Al]

2. Parx owns 5 Turf Clubs all around Philly. If you haven't been to one, they are top shelf. Believe me, the Turf Clubs are very good reason not to make the trek to the track.

3. Toss in the usual Internet and Phone betting in PA and there's not much reason to go a track that caters to casino players.


Been there once a few years ago and also to one of the turf clubs and I completely agree. Perhaps it's changed a bit, but when I was at the track, the racing area was small and out of the way of the machines. It was really pretty awful. The turf club I went to however was very comfortable and friendly (it was downtown Philly location). The track simply wasn't made for people being there for the races. I knwo the casino was supposed to move to it's own building and have no idea if that happened, but after years of driving the horseplayers away, it would be very difficult to get people to come back.

[tzipi]

I'd rather not defend a racetrack that takes out 30% on trifecta and super bets. But it's only fair to point out a few reasons for the ridiculous on-track handle.

1. There is no racing season. They run all year and that cheapens everything.

2. Parx owns 5 Turf Clubs all around Philly. If you haven't been to one, they are top shelf. Believe me, the Turf Clubs are very good reason not to make the trek to the track.

3. Toss in the usual Internet and Phone betting in PA and there's not much reason to go a track that caters to casino players.

The total handle on Monday $1.4M. Not great but it was a Monday after a holiday weekend and just a week after the BC.


Very good points. :ThmbUp: I guess it's not too surprising then when you look at it.

[mannyberrios]

I'd rather not defend a racetrack that takes out 30% on trifecta and super bets. But it's only fair to point out a few reasons for the ridiculous on-track handle.

1. There is no racing season. They run all year and that cheapens everything.

2. Parx owns 5 Turf Clubs all around Philly. If you haven't been to one, they are top shelf. Believe me, the Turf Clubs are very good reason not to make the trek to the track.

3. Toss in the usual Internet and Phone betting in PA and there's not much reason to go a track that caters to casino players.

The total handle on Monday $1.4M. Not great but it was a Monday after a holiday weekend and just a week after the BC.One Question, isn't the money bet from phonebet, and the Turf clubs included in the handle

[therussmeister]

Not the on-track handle.

[onefast99]

Word on the street is that Parx is making contingency plans for Monmouth not opening next summer.
Bailey will sign now that the sports betting passed in NJ and the only other hurdle to bring that to the tracks and casinos is the federal ban must be lifted.

[takeout]

Parx just the other day did $31,000 in total on-track handle. I really wonder how they are still going. I know they take in off track(nothing huge) but the Casino can't be to pleased. They still put out very high purses for that racing, but nothing improves.I doubt they want anything to improve. If it did it would take them that much longer to get rid of the racing. Charles Town’s on-track handle last Wed. was $29,340. I think the casino (PNG) must be pleased. They seem to be running off every horseplayer they can.

[thaskalos]

Trainer Jeff Mullins let the cat out of the bag a few years ago.

The trainers couldn't care less about the horseplayers.

All they dream about is the day when the purses will be funded ENTIRELY by casino profits, and the trainers will be allowed to operate freely...without the paranoid complaints of us "addicted losers".

They have $34,000 purses for MAIDEN CLAIMERS at Parx...what do they need a bigger handle for?

[Robert Goren]

Bailey will sign now that the sports betting passed in NJ and the only other hurdle to bring that to the tracks and casinos is the federal ban must be lifted.That is one huge hurdle. Maybe you could point to a source about legislation pending before congress to that. I could find none. I have been part of an organization trying to change the law banning online poker for over 4 years and we are no closer today than we were 4 years ago. Getting anything through congress is not as easy some would have you believe.

[NJ Stinks]

That is one huge hurdle. Maybe you could point to a source about legislation pending before congress to that. I could find none. I have been part of an organization trying to change the law banning online poker for over 4 years and we are no closer today than we were 4 years ago. Getting anything through congress is not as easy some would have you believe.

I'm no expert on this but I think the State of New Jersey is going to challenge the federal ban in federal court. The argument being something like why should Nevada and 3 other states be allowed to have a legislated competitive advantage over any other state when it comes to sports betting.

Anyway, NJ is not trying get federal legislation passed as far as I know. Instead NJ is going to court to say a federal law is unconstitutional.

I'm sure someone else could explain this better than I have here.

[onefast99]

I'm no expert on this but I think the State of New Jersey is going to challenge the federal ban in federal court. The argument being something like why should Nevada and 3 other states be allowed to have a legislated competitive advantage over any other state when it comes to sports betting.

Anyway, NJ is not trying get federal legislation passed as far as I know. Instead NJ is going to court to say a federal law is unconstitutional.

I'm sure someone else could explain this better than I have here.
You explained it perfectly.

TRENTON, N.J. (CBS) - Proponents of sports betting in the Garden State are wasting no time in working on their goal, now that voters have given them the green light to proceed.

State Senator Raymond Lesniak will introduce a bill today that, if approved, would permit the New Jersey Casino Control Commission to begin issuing sports betting licenses to casinos and race tracks.

He’s hoping to get the measure passed and on Governor Chris Christie’s desk before the end of the year.


“As soon as he signs it, the Attorney General can go into court and seek a declaratory judgment that this federal ban that discriminates against the state of New Jersey is unconstitutional.”

That ban bars (http://philadelphia.cbslocal.com/2011/11/10/new-jersey-officials-seek-federal-approval-for-sports-betting/#) sports betting in all but four states, Delaware being one of them. The prohibition could also be lifted by an act of Congress, and there are efforts on that front as well.

Lesniak hopes to have legalized sports betting in place by next fall.

[Canarsie]

You explained it perfectly.

TRENTON, N.J. (CBS) - Proponents of sports betting in the Garden State are wasting no time in working on their goal, now that voters have given them the green light to proceed.

State Senator Raymond Lesniak will introduce a bill today that, if approved, would permit the New Jersey Casino Control Commission to begin issuing sports betting licenses to casinos and race tracks.

He’s hoping to get the measure passed and on Governor Chris Christie’s desk before the end of the year.


“As soon as he signs it, the Attorney General can go into court and seek a declaratory judgment that this federal ban that discriminates against the state of New Jersey is unconstitutional.”

That ban bars (http://philadelphia.cbslocal.com/2011/11/10/new-jersey-officials-seek-federal-approval-for-sports-betting/#) sports betting in all but four states, Delaware being one of them. The prohibition could also be lifted by an act of Congress, and there are efforts on that front as well.

Lesniak hopes to have legalized sports betting in place by next fall.

This will take many many years even if it is successful. No matter how the ruling goes there will be appeals and "stays" throughout the legal process. When it finally hits the Supreme Court they could decide not to put it on the docket and let a lower court ruling stand.

I admire Senator Lesniak for taking this stand and putting up the amendment on the ballot. But the facts remain the feds stopped Delaware how in the world is NJ going to improve on that.?

NJ had their window and it has passed by.

Now having written all of this I hope I'm 100% WRONG!!!

[Robert Goren]

You explained it perfectly.

TRENTON, N.J. (CBS) - Proponents of sports betting in the Garden State are wasting no time in working on their goal, now that voters have given them the green light to proceed.

State Senator Raymond Lesniak will introduce a bill today that, if approved, would permit the New Jersey Casino Control Commission to begin issuing sports betting licenses to casinos and race tracks.

He’s hoping to get the measure passed and on Governor Chris Christie’s desk before the end of the year.


“As soon as he signs it, the Attorney General can go into court and seek a declaratory judgment that this federal ban that discriminates against the state of New Jersey is unconstitutional.”

That ban bars (http://philadelphia.cbslocal.com/2011/11/10/new-jersey-officials-seek-federal-approval-for-sports-betting/#) sports betting in all but four states, Delaware being one of them. The prohibition could also be lifted by an act of Congress, and there are efforts on that front as well.

Lesniak hopes to have legalized sports betting in place by next fall.If they go that route, the case will have to work it way through the courts and will eventually end up in the Supreme Court. There is no way that happens by next fall. It will be what they call a "landmark case" and will set precedents that followed for many years to come for things not just gambling.
As much as I would like to see sports gambling legalized not only NJ, but everywhere, I don't see it happening soon.

[ManU918]

New Jersey signed the original law so they have more hurdles to jump then Delaware and Delaware didn't sign. Everything looked great with Delaware then a week before all sports were a go the Feds jumped in and ruined everything. Now it's just lousy parlay's for NFL games. I honestly think its about a 10 percent chance that New Jersey gets sports betting. Like others have said hopefully I'm wrong, but there is no signs to think NJ has a good shot at this.