Quote:
Originally Posted by Bustin Stones
It's well written however it only restates the problems. We need articles that propose usable solutions. I'd like to see that someone in the industry wants to address pace of play. Every other form of entertainment is or has addressed it. When an industry or a company is contracting, literally everything is on the table. Nothing is too radical to at least discuss.
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You are the one person in this forum who shot down the usable solution. You want the game to succeed, you eliminate rebates, you have a 8 percent wps take, a 10 percent double and exacta takeout, a 15 percent takeout on every other exotic. Penny breakage would help a lot but is less important. If the current system won’t allow then you amend it. If the whales won’t go for it then tough shit, because they ultimately aren’t going to have anybody to bet against anyhow. So better that they sacrifice now than later.
I don’t know why this is such a difficult concept. If you are priced too high consumers will find alternatives. The fact that they choose mindless slot machines (or whatever you want to call them) over the ultimate gambling games should speak volumes (if you open your mind and think).
Once you fix the pricing that is when you can start the marketing phase. Marketing a game that is charging the consumer at least double and as much as 6 times (sports betting take vs average roi of the non rebated exotic player) is futile. The edge racing has over much of its competition is that it is ultimately beatable when priced correctly. When not priced correctly see posts by Michael and SJK.
Now the problem is that the clock is ticking. The more people become comfortable and proficient with sports betting and dfs and poker the harder it is to reel them into your game. Also if racing is indeed in the decline mode currently, every day you wait to fix the lower you top will be.
I think with all that is happening outside of racing (the crypto company and recent bank collapses) that maybe it is time for the people in this industry to realize that the same can happen to them. It is a pretty big industry and it about time for the people in this industry stop pretending that tomorrow is promised.
Now i do not pretend to have any idea what the motivations are of the gaming companies that are involved in racing. For all I know everything is going great for them with the ultimate prize being a bunch of mindless gamblers pumping huge amounts of money into low cost gambling machines.
One last note. You can give rewards without giving rebates. I realize that rewards are a big part of the gambling scene. Perks are fine, rebates are not.
