Arnold signs bill to "help" horse-racing industry
 

Great news in California!!! The racing industry there is going to be SAVED as the legislature has pushed through a bill, which has been signed by the movie star, which will increase the takeout by 5%!!!

Blessed be this great day, October 23, 2009, when the racing industry in California was turned around by the new additional 5% takeout. Why waste the time and effort on marketing to attract new players when all you have to do is add on an additional 5% takeout on the current players. Brilliant idea!!!

It seems the strategy of blaming the rebate shops has been completely wrong, too, as this will only further aid the rebate shops that have taken the brunt of the blame for so very long. The people hurt the most by this bill will be those who actually go the races, placing all of their money through the pools, but nicer facilities and bigger purses will obviously make up for that.

What a wonderful, glorious day for racing in California!!!

What a friggin surprise. :eek:

Take the low road California. You always do! :bang:

Why won't these elected officials take into consideration that every study concerning loweering takeout has produced more handle and more revenue for the state...IS THIS FACT SO HARD TO DIGEST?


And the beat goes on...

They showed great restraint.

Should have raised it 10-12% especially the win and exacta pools. The serial bets should be at least 30% rake anyways man. Shoot the whales will get it rebated back to them. That's what counts right? The 8-10 people betting all these millions of dollars every day.

Same thing with the Arizona tracks. Forget the raping of normal players with their onerous rakes and the fact they shut out their own in state bettors from betting online when and where they wish. Players who bet bigger money can get rebates!!!!! Woohooo that makes everything alright now dont it!

We are very lucky to have Arnold handling things out there. All those extra hundreds of millions should be pouring in any year now.

Nice!

I don't remember any racetracks in the future in any Terminator movies. I think Arnold is working towards making that a reality.

Does anyone have the details? I would think the State is going to get it's share.

Reality has struck. Now what?

He didn't think of it. The wonderful Racing Executives, Track Owners, and Racing Officials must have had a hand in it. Does anyone know or can anyone find out who had a hand in it? Time for an email and telephone campaign!

How Stupid!

It just shows what our take out money has produced, more lobby efforts to get more from the people who pay, the customers.

Goodbye California, nice knowing you. :ThmbDown:

Sent out this morning!
 

This is an open letter to anyone that cares about Horseplayers and Horse Racing in California.

I am sending this out as a Horseplayer on my own behalf and I am not representing any particular group or entity. The article below in the Los Angeles Times called “Governor signs bill to help horse-racing industry” should be the final straw for any Horseplayer who plays into the pools in California. If anyone thinks a 5% increase in takeout will help the horse-racing industry in the long run then you are most certainly delusional.

http://latimesblogs.latimes.com/lano...s-and-gov.html

It is time for one person, group, or anyone who cares to provide Horseplayers with a list of offshore entities, rebate shops, or whatever it takes to get a better deal for yourself. It’s obvious that the industry Executives in California don’t give a damn. Horseplayers didn’t destroy California racing but as usual they are the ones asked to pay for the mistakes of the past. How’s that 40 million for the synthetic surfaces doing? Who has been held accountable for the bad decisions? The answer is not one friggin person. The best example of the incompetence of leadership is the now infamous Richard Shapiro. This is the man who pushed for the $40 million synthetic mandate and other geniuses went along. This guy isn’t even being held accountable for vandalizing a car in the parking lot of Hollywood Park by the CHRB. If Racing Officials in California can’t make a judgment about that how can they be expected to make an honest judgment about anything? How many other bad decisions did this group of egomaniacal idiots of high social standing make that have led us down this path? These people remind me of a bunch of “Al Davis types” who were sharp guys 20 or 30 years ago but have degenerated into a group of incompetents.

The problem in California in my opinion is that the some of the Track Owners, Racing Executives, Racing Officials, and Politicians beholden to the Indian Casinos have absolutely ruined Horse Racing. You didn't have to be a prophet to see this coming. The Racing Media has also been absent in most (not all) cases and has contributed to the decline by choosing to ignore the tough stories.

Some Horseplayers think that the villains in all this are the Trainers who push the envelope, Whales who get to bet (or cancel bets) after the start, and the list goes on. Yes, these are significant problems but the real villains are the some of the Track Owners and Executives who think of Horseplayers as a "necessary evil". Behind the scenes some of them joke about the degenerates who are their customers. They love it when Horseplayers concentrate their ire on anyone but them. They laugh! Those who think that these people are something special are sadly mistaken in some cases. They are the sleazy and slimy ones who have ruined and are currently ruining racing in my opinion. The buck stops with them and they need to be held accountable!


Thanks for nothing,

Andy

Arnold, in an exclusive interview last night, told horse players, "I'll be baaack!"

What an idiot.

Is this increase gonna catch the BC?

At a hypothetical 20% takeout, the take on a $100 wager would be $20.

Will the new takeout be $25 (adding 5%), or $21 (a 5% increase)?

They are talking an extra 5% of every dollar bet....so a 25% plus increase in actual gross takeout.

Of course, it won't work that way. Betting always decreases when takeout rises. And now with the public more aware of takeout than ever before, I can see a takeout increase of even 1% being met with very negative consequences for the track that raises it.

The article was not specific. Do you have a citation for that?