Surprised nobody following the story. Had to post it.
Comins said that racing seems more intent on “protecting the cake rather than growing it.”
Bill Nader, principal of Grand Slam Consultancy, LLC, talked about his experience in Hong Kong and noted that horse racing outhandles the Hong Kong lottery 17-1. He said racing needs to make a concerted effort to increase handle through reduced takeout on win-place-show and exacta bets, allowing dollars to turn over and create churn.
He also advocated eliminating breakage.
“That would create churn,” he said. “Breakage is just hidden takeout. Eliminating it will push more money into the place and show pools.”
http://www.thoroughbreddailynews.com...SXuSKg.twitter
I and HANA and others have been pushing the same thing for years.
https://www.paulickreport.com/horsep...-horse-racing/
