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Originally Posted by DeanT
I think you are missing the gross dollars versus gross players part in this. If takeout is lowered at SAX I will bet more, a ton more. So will everyone else who plays there because they will bet until they have no edge. $20 bets would become $50 bets and so on. If 5000 horseplayers ignore it because of the surface, there are thousands of others who take up that slack with more dollars.
Regards,
A Former poly hater who now plays them  |
Yes, you may induce loyal customers to spend more, but the additional spending may not be sufficient to cover the operational expenses.
The premise of equalizing reduced sales price to a corresponding increase in profit is false. If the premise was true, no matter how dumb you beleive mangement to be, managment would be reducing take out.
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A free people ought not only to be armed, but disciplined; to which end a uniform and well-digested plan is requisite; and their safety and interest require that they should promote such manufactories as tend to render them independent of others for essential, particularly military, supplies.
George Washington
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