What is allowed and how the human brain approaches gambling action are two different things.

our side
 

AA,

What I mean by 'our side' is the horseplayers side. The bettors side.

Not the racetrack/bet takers side.

Thought that would obvious.

I'm NOT saying you and I are necessarily on the same side. I'm not really sure about that considering our past exchanges - here or elsewhere. We don't exactly have a great relationship.

[Something you seem to be taking out on Pricci. I don't work or represent him or HRI. Just give my opinion there a lot.]

I am on the side of 10% takeout. What is your plan to make it happen? And more importantly what are you doing to make it happen?

I do what I can. I write endlessly on the problems that exist in this "sport" of horse racing, making observations and providing remedies. Complaining a lot.

Little of what I say is taken seriously by the powers that be.

I have no power. If i was Frank S, there's plenty i would do.

I'd take the industry lead and just do it. Whatever is needed. The horsemen don't like me lowering takeout? Screw them, i'd drop it anyway. i'm a multi-billionaire and what do i care if some of them leave. The ones who stay would reap the rewards of a boom in business from horseplayers increased betting - like they've never seen before.

I wouldn't be so big on the class of the races either. It's already been shown by what's going on with handle at Gulfstream that people will bet if fields are big enough and the races competitive.
Sure we can have a big day once in a while, like Pegasus for the big shots.

Horseplayers would bet my track, not the tracks with high takeout.
It might take a few years, but, how many year's do I have left anyway (if i'm Frankie).

If I could, i'd do something for the horses. I'd stop the drugs. Again the heck with the horsemen. Run clean or don't run at all.

There's a start.

PS.
Did you know i suggested parlays and round-robbins a couple of years ago at HRI.
Or that I suggested NYRA put back in the second turf course - something I wrote about a couple of years ago.

Maybe somebody does read what i say, after all.

Therein lies the problem. It doesn't matter what the track owners want to do, they are at the mercy of the horsemen and the state governments to give their blessings.

OK...the originator/inventor created his invention in the 1800s...

Something tells me the 10% number might not be applicable today. Just a hunch though...

No clue...all I know is 10% is ideal because Denny said the guy who invented pari-mutuel wagering in 1867 supposedly came up with that number...

Almost anyone who really wants to bet sports can bet sports in the USA right now. There have been bookies in neighborhoods since the beginning of time. If you really want to bet sports on the internet, you can...right now...even if you live in the USA.

Hell, not too long ago, I was able to fund an off-shore poker account with a US Bank credit card...and they offered sports betting too...and online casino games...the whole shebang. All this within the last year or so (I scratched the online poker itch, blew my $100 initial deposit, and haven't been back since). So even with all the restrictions in place, you can STILL get online action even using a VISA or MASTERCARD if you go to the right website.

Bottom line, sports betting is pretty much readily accessible to almost anyone who REALLY wants to bet on games. And racing obviously hasn't been impacted all that much, or they wouldn't be doing a study on the impact IF it becomes legalized in the US.

I don't see current horseplayers abandoning the game for sports...sure, they might bet sports IN ADDITION to racing...and by the way, betting sports isn't easier than betting horses...if it were, Vegas would be overrun with professional sports bettors and there would be no place to live there...EVERYONE would be betting sports for a living...

Obviously, that's not the case...

How many stories have I read over the years of professional poker players blowing their profits in the sports book...more than a few...

You're right.
Things won't change much.

The 50 and 60+ year old race bettors will just have to
make room for the 20 and 30-something sports players.
There will be bigger crowds at the tracks and parlors,
but not to bet on the races.

Been watching it since the late 1980s in Nevada.
They get along just fine with each other.

The game changer these days is betting with phone apps.
That's in it's infancy here - not the case in Europe.

Don't see any way it helps the sport from a bettor's prospective. We've already seen what happens over and over again with slots. Until betting horses is priced reasonably, inviting a better priced gambling game onto your property is not going to help.

I don't agree. Wouldn't adding another form of gaming to your current menu be an attractor? You will have people coming in for several hours at a time(current MLB games average 2 hours 54 minutes)if you have a bar a decent menu and yes live horse racing those people coming for sports wagering will spend a few bucks on the races. The object here per the numerous sports wagering studies done for NJ show there will be an increase in attendance at those venues that have SW. Right now MP will reap the benefits as they are the only ones set up to go once SCOTUS approves SW.

If it's brick and mortar only for a few years and the tracks OTB's provide a comfortable and fun place to hang out sports bettors will begin to see some huge payouts for small increments. That's the only shot Horse Racing has. If they don't do the brick and mortar thing they're gonna get hurt.

10%
 

It's not important when it was invented PA.

10% is fair to both sides. Time hasn't changed that.

Greed by tracks, horsemen, and government have ruined everything.

Sports operate at 5% approx., horse racing is up to 25- 30% on some bets.
17% on WPS is about the standard now. Way too high!!! (Add breakage too).

Which is doing better? Sports or horseracing?

Start with 10% as the goal and work from there.

Only Poindexter at this site seems to get it. He's explained it quite well, in fact.

Most of you seem to be siding with the tracks, the status quo, and the game is going nowhere.

We've already seen this with slots. Good luck.

Sports betting basically entails setting up a room with a counter, a couple of machines, a couple of people, some TVs, maybe a big board and someone to run the ship and post some lines.

Compare that with running a racetrack and then tell me again that you're sure 10% take will work for both industries just the same.

10% is probably NOT the optimal takeout for racing, where it will benefit the game as a whole. And you have zero evidence to say that it is.