Quote:
Originally Posted by SG4
Sorry to step in CJ but this is painful to watch so I will try to help & explain to Fager Fan in quick fashion & if he still doesn't get it I will remove myself from this as well:
It costs $1 million to get a slot, 12 slots = $12 million. GP is putting up $4 mil of its own money, making a $16 million purse. Here's the trick though, every single finisher is guaranteed to earn $650,000 so in reality nobody stands to lose more than $350,000. So actual risk & purse up for grabs is $350,000 x 12 which is $4.2 mil + the 4mil from GP so it's really a $8.2 million race for available purses, hence the nearly 50% not being in play.
An $8 million race is nothing to sneeze at, but saying it's $16 million is a farce.
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It's not a farce. That is the purse. Just because the splits are unusual doesn't make it not valid.
The slot owners have input and the guaranteed amounts are what they want, and they're willing to take that in lieu of the normal splits. They still have to run around the track to earn it.
Who complained last year of the guaranteed amounts supposedly not meaning the purse amount was the purse amount?
