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-   -   Neilsen Sports Research says Racing better get its act together with competitive odds (http://www.paceadvantage.com/forum/showthread.php?t=146852)

Andy Asaro 08-21-2018 02:04 PM

Neilsen Sports Research says Racing better get its act together with competitive odds
 


There’s a way to do this but the Industry should have gotten started yesterday. Love to see California lead by lowering the takeout and breakage on higher churn wagers.

Dave Schwartz 08-21-2018 02:40 PM

Quote:

Originally Posted by Andy Asaro (Post 2358464)
https://twitter.com/racetrackandy/st...62327237582848


There’s a way to do this but the Industry should have gotten started yesterday. Love to see California lead by lowering the takeout and breakage on higher churn wagers.

What does "higher churn wagers" mean?

Does this mean bigger bets or bigger bettors?

cj 08-21-2018 02:44 PM

Quote:

Originally Posted by Dave Schwartz (Post 2358477)
What does "higher churn wagers" mean?

Does this mean bigger bets or bigger bettors?

Higher churn wagers are the straight pools, then exactas/doubles, etc.

Dave Schwartz 08-21-2018 03:32 PM

Quote:

Originally Posted by cj (Post 2358484)
Higher churn wagers are the straight pools, then exactas/doubles, etc.

Ah. Thanks.


What's not to agree with?

ReplayRandall 08-21-2018 03:52 PM

Nationalized fixed odds straight pool wagering for horse racing is the answer.

Andy Asaro 08-21-2018 04:29 PM


Afleet 08-21-2018 07:54 PM

out of 13 votes only 1 vote for:

No, things are where they should be.

How could anyone think 25% takeout is 'where things should be'

:puke:
:puke:
:puke:
:puke:
:puke:
:puke:

Andy Asaro 08-21-2018 08:49 PM


Excerpt:

“The actual effective takeout rate is far higher than what’s even being reported,” Cummings said. "That 17.3 percent – that’s the average published takeout rate – doesn’t really factor in elements like breakage, which is something that we’re really quite keen on and talking about and really educating the public.”

While takeout is the percent of money a racetrack retains from pari-mutuel pools for race purses, taxes or operating expenses, breakage is the pennies retained by a racetrack or state after a pari-mutuel payoff is rounded down to nickels or dimes.

whisperlunch 08-21-2018 10:16 PM

I’ve never understood why us players do not boycott or join and Lobby to get rid of breakage. It’s theft in my opinion and it adds up fast. Just ridiculous how they gouge their customers.

jay68802 08-22-2018 03:09 AM

Quote:

Originally Posted by Afleet (Post 2358713)
out of 13 votes only 1 vote for:

No, things are where they should be.

How could anyone think 25% takeout is 'where things should be'

:puke:
:puke:
:puke:
:puke:
:puke:
:puke:

Maybe PA let LoneF come back.

clicknow 08-22-2018 04:56 AM

Quote:

Originally Posted by whisperlunch (Post 2358778)
I’ve never understood why us players do not boycott or join and Lobby to get rid of breakage. It’s theft in my opinion and it adds up fast. Just ridiculous how they gouge their customers.

IF it were going to race horse retirement / rehoming or injured/paralyzed jockey or exercise rider fund, I could live with it.

Unfortunately, it's not. Yeah, it's theft.

Gamblor 08-22-2018 07:38 AM

Breakage doesn’t move a 17.3% take to 25% though... not unless you’re rounding $8.09 down to $5.00

Andy Asaro 08-22-2018 09:13 AM

I heard the stock market was taking a look at the Horse Racing breakage model. :lol: Then all the pr*cks who don't want to change it to a penny would get it. :rant:

Robert Fischer 08-22-2018 02:07 PM

A Modest Proposal
 
FIELD SIZE APPROPRIATE MEASURES
<5 horses = cancellation, rescheduled race to a later date
=5 horses = 10% Takeout WPS
=6 horses = 12% Takeout WPS
=7 horses = 14% Takeout WPS
≥8 horses = 16% Takeout WPS (capped/ceiling)

Dave Schwartz 08-22-2018 09:15 PM

Quote:

Originally Posted by Robert Fischer (Post 2358975)
FIELD SIZE APPROPRIATE MEASURES
<5 horses = cancellation, rescheduled race to a later date
=5 horses = 10% Takeout WPS
=6 horses = 12% Takeout WPS
=7 horses = 14% Takeout WPS
≥8 horses = 16% Takeout WPS (capped/ceiling)

I really like this idea.


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