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The argument used to be that the onerous takeout was a necessity because of the high costs of running the game. But the tracks now run healthy casino businesses on the side...which go a long way towards meeting the game's operational expenses. If the racetracks want to increase their live horse-betting business...why don't they set up a free daily handicapping tournament with a substantial prize pool available only to their live customers? Wouldn't people come to the track if they were offered a free entry into a handicapping tournament with a, let's say...mid-five digit prize pool? I mean...the extra money is there already, but not a cent of it has as of yet been spent for the benefit of the horseplayers. If excluding the horseplayer from the profit-sharing isn't working...then, why not change strategy going forward? We are told that lowering the takeout is a time-consuming affair because it involves governmental approval. Does staging a live handicapping tournament require government approval as well?
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"Theory is knowledge that doesn't work. Practice is when everything works and you don't know why."
-- Hermann Hesse
Last edited by thaskalos; 01-30-2020 at 06:00 PM.
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