Really the track gets a whole lot more than the take-out don’t they...? Sure 15% for win and 22-25% for exotics...so for example if the total handle for one card is $400,000. The tracks is said to make about roughly 20% of that in take-out or $80,000.

But in reality, there is a whole slew of bettors that bet, win, lose, win, CHURN it all away so that the track gets ALL THEIR MONEY over the long run...and multiple that times most of the bettors that play it all back and leave with no money, so how much of that $400, 000 is the track really keeping...?

Takeout isn't the issue. Field size is - and to fix that, there must be fewer races - and also allowing more soft-turf races to remain on the grass, which can be done, for example, at all three NYRA tracks by dismantling the permanent barriers between the outer and inner turf courses and making the turf courses just like the ones at Laurel, Gulfstream, and Arlington.

Takeout is a issue. Put all the bettors on the same playing field. Rebate all bets and keep the take high, or lower the take and get rid of rebates. Agree with you on field size. The 4 and 5 horse races should be canceled. They are running for purses that are high enough. So purse size is really not a issue. Tie the purse of the race to the number of betting interests. Put it at X amount per betting interest up to a maximum purse. Figure the full purse amount on a 8 horse field.

Or raise the sports-betting takeouts to the same level as the horse-racing takeouts. That way...there will be nothing for the bettors to complain about. :ThmbUp:

this would certainly curb scratching. And force tracks to punish those that scratch just for the hell of it and without a medical reason. It just blows me away at the nonchalant manner in which people scratch now days. There used to be penalties for scratching.

I guarantee the trend is in that direction.

Just like the triple-zero roulette wheels and 6-5 blackjack.

The dipshits in charge need to make it interesting.


I'll Parlay the :2: in the sixth with the Jets.


Back that wager, and we haz some game.

Anytime there are uncompetitive fields, win pool bettors are taking it up the wazoo, paying way more than the advertised rate.

If I told you that the effective takeout in the win pool for Monmouth so far this year is 38% would you believe me?

Well, you don't have to, but someone with the right tools (Dave Schwartz?) can confirm it.


Why is this happening? Uncompetitive fields. The favorite is winning 47% of the time.

So yeah, the rake has to be lowered, but also, fields have to be more competitive (and larger).

But - you do have a choice of where and when to bet. Save your wazoo and be discriminate! :D

Been looking at this circus too long, and at this point, hearing them still rant about lowering takeout is nauseating.


A poker game with a house rake of 20% would fold its tent in an hour.

Good point , wrong question.



The handle or part of it isn't 'kept'. What's kept are the original dollars that the players are willing/able to lose


Track makes 80k in your example. Maybe the players had 160K to lose when they 'walked in'


So the track kept 50% of that amount. Not the 20% people think of.


How come all these high priced consultants never deal with this?



Afraid to open the can of worms ?

Is it fair to compare the rates? Pro sports stand on their own w/r/t revenue generation. They don't need betting to remain profitable. I believe tracks earn most revenue via takeout. Is that wrong? One could say that they should make it as attractive as pro sports such that racing could earn the same $ amount via TV deals and the like, but that doesn't seem probable even with a great product.

All so the new better is
 

Misinformed about the product to wager on.

Might as well tell the customer
Here I will take your money and spin the wheel.

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I feel like there's one of these conferences every year with the takeout being too high being a main point, yet nothing happens. Giant dog and pony show.