Quote:
Originally Posted by cj
In the end it doesn't really matter. Blended takeout on horse racing is 20+ percent. Sports betting is sub 5%. Gamblers don't care about the costs to put on the show, nor should they. If horse racing can't get costs under control to the point that it is a viable gambling game, it will lose. That is the death spiral we are in. Rather than try to compete, racing just keeps raising the price. It will never work long term.
The irony is the game would be nearing death already if not for tracks giving big takeout cuts to the biggest bettors. It has paused the death spiral for a while, but it won't last. You can only fool people for so long.
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Let me ask you this.
Say, in a perfect world, US horse racing lowered takeout to 5%
across the board. What effect do you think that would have?
I know what I think.
Interested to know your thoughts.