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-   -   Gulfstream sticking it to horseplayers again (http://www.paceadvantage.com/forum/showthread.php?t=142505)

Fager Fan 01-05-2018 12:23 AM

Oh, now he's deleting my posts and giving me another demerit, and demanding I post under my real name.

You're something else, CJ.

Fager Fan 01-05-2018 12:26 AM

Quote:

Originally Posted by linrom1 (Post 2257125)
If additional handle does not contribute to purses paid to horsemen than it's "phoney." GP was able to dramatically increase its handle , yet its purse structure has not increased much; therefore, its either bogus or Stronach interests are somehow able to befool horsemen.

If Cj doesn't delete this message again, I'll repeat that all these contracts are blessed by the horsemen, so whatever he's talking about can't be much different than rebate shop pricing. Why he's jumping all over GP for rebate pricing when many including all the big tracks other than CA do it, I don't know. But it's "real" handle however it's sliced.

cj 01-05-2018 12:27 AM

Quote:

Originally Posted by Fager Fan (Post 2257418)
Oh, now he's deleting my posts and giving me another demerit, and demanding I post under my real name.

You're something else, CJ.

I didn't demand anything, another falsehood.

Here is what I said:

Quote:

Not playing that game. Sorry. Put a name on your account and maybe we'll talk.

PaceAdvantage 01-05-2018 02:37 AM

Quote:

Originally Posted by Fager Fan (Post 2257420)
If Cj doesn't delete this message again, I'll repeat that all these contracts are blessed by the horsemen, so whatever he's talking about can't be much different than rebate shop pricing. Why he's jumping all over GP for rebate pricing when many including all the big tracks other than CA do it, I don't know. But it's "real" handle however it's sliced.

"Whatever he's talking about" = "You don't understand it, so it must be false."

Not good math.

Fager Fan 01-05-2018 08:55 AM

Quote:

Originally Posted by PaceAdvantage (Post 2257436)
"Whatever he's talking about" = "You don't understand it, so it must be false."

Not good math.

That wasn't the math. It was not being able to imagine a scenario where handle is "fake" because some of it is derived from selling the signal at a "bargain basement rate", the only bit of information CJ gave to bolster his claim that it's fake. That is already well known to being done through rebate shops, and no one has ever proposed that this makes the handle of many tracks, not just GP, fake.

It is highly frustrating to know how bad these contracts are for the host tracks and racing, but that's a nationwide problem outside of CA who got their legislature to cap it at 5%, and it doesn't make any of the handle fake or smoke and mirrors or any other perjorative. It just makes them horrible deals for the host tracks and racing.

cj 01-05-2018 11:30 AM

Quote:

Originally Posted by Fager Fan (Post 2257449)
That wasn't the math. It was not being able to imagine a scenario where handle is "fake" because some of it is derived from selling the signal at a "bargain basement rate", the only bit of information CJ gave to bolster his claim that it's fake. That is already well known to being done through rebate shops, and no one has ever proposed that this makes the handle of many tracks, not just GP, fake.

It is highly frustrating to know how bad these contracts are for the host tracks and racing, but that's a nationwide problem outside of CA who got their legislature to cap it at 5%, and it doesn't make any of the handle fake or smoke and mirrors or any other perjorative. It just makes them horrible deals for the host tracks and racing.

Perhaps I could have worded it better. The handle is the handle, but the reporting that handle increases mean business is great and profits are up is simply false.

If I offered rebates that matched takeout, I'd lose money, for example. But handle would certainly be up by a lot. Its a false positive.

Fager Fan 01-05-2018 11:57 AM

Quote:

Originally Posted by cj (Post 2257478)
Perhaps I could have worded it better. The handle is the handle, but the reporting that handle increases mean business is great and profits are up is simply false.

If I offered rebates that matched takeout, I'd lose money, for example. But handle would certainly be up by a lot. Its a false positive.


Unfortunately the sport is saturated with getting tiny slivers of the pie now. I don't understand why they can't get together and reverse the bad decisions made at the start of the ADW era, but they don't. So they keep fighting for the scraps.

I appreciate the discussion we've had via PM. Peace.


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