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Old 12-31-2010, 02:31 PM   #7
Robert Fischer
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Join Date: Sep 2006
Location: Maryland
Posts: 23,513
there is a lot of catering to different interest-groups going on.

Unfortunately the QUALITY OF THE SPORT is being neglected.

high take = the addicted "entertainment" players are asked to subsidize rebates. The gamble that the tracks are taking depends upon these players somehow not being tapped out by the take increases. In other words the tracks are gambling that increased takeout will provide the optimum contribution from this subset of player.

rebates = larger churning players are the MVPs. They are offered the "real" for-profit racing product with reasonable takeout. These large-churn players have proven to be more and more important to do business with. The "entertainment" pool of players has become stagnant with younger people choosing other gaming options. If players aren't going to commit to large-churn play they would have to be geniuses to consistently beat the larger take.

supertrainers/equine-PEDs = equine performance enhancing drugs are tolerated because it is important to make concessions to the larger-churning players. Supertrainers can operate at only a small loss (or even a profit) over a high volume of plays. Large-churn horseplayers can simply add just a bit of handicapping and they have an excellent foundation to maximize churn. Increasingly important money-laundering operations can play almost without handicapping due to their position to sustain an acceptable loss and still thrive.

small non-competive fields = The syndicate of trainers, owners, agents, and other good guys that want this thing of ours to be successful, work together to spread out the pool money offered. There is no sense in them banging heads for day-to-day purses. Most races therefore will be for one group of people at a low resistance. It is profitable for the syndicate to be on the same page.

these are just a few. As you can see there is some organization to what could appear to be chaos from the perspective of the "general public". The actual quality of the sport is obviously very low on the priority list. With the low quality, and the large vig there is little incentive for new players to grow the sport, particularly if they aren't willing to make a large-churn commitment. A final note - Because of state laws, and varying social norms, (and poor management) there is no mass media television broadcast. This broadcast would allow the syndicate to grow the population of "entertainment" players, and would prop up the sport. This will eventually happen on a state by state basis, as it could be very complicated and potentially problematic to pass in every state.
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Last edited by Robert Fischer; 12-31-2010 at 02:33 PM.
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