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Originally Posted by Imriledup
As long as there is horse racing, there will be owners who have EGO's that will make them want to own horses, even if they lose money. Where in the bylaws written in stone inside heaven's gates does it say that owners have to make money? This is called the sport of kings because only kings can actually afford to own horses. If horse ownership was a money making venture, many more people would be involved.
Someone ought to send a proposal to Mark Cuban (or someone like him) and explain to him that he should open up a supertrack with 10 pct takeouts across the board. HE can put all these other tracks out of business with a super track. he can 'foot' the bill early on for large purses to attract the very best horses, recruit the very best jocks and trainers and just turn racing on its ear.
Here's my question for all of you on here. If a supertrack opened with a 10 pct takeout across the board, would you drop everything and put all your time and effort into handicapping and betting on this track? Or, would you stick with your status quo?
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well said....Ibelieve that if takeouts were lowered ,purses would be lowered as a result.This would cause some of the lesser horseman looking for a handout to leave the game.then with less horses around in training,lesser tracks would have defined seasons out of necessity.Some tracks would close others shorten their cards.people would come back albeit slowly as the product gets better and the price remains low.The problem is greed and until handle trickles to its lowest levels ever this will never happen.when their is a surplus of product and a low demand normal business practice tells you to lower price ,unload inventory and then retool redesign and reinvent oneself to make your product more marketable to the general public.racetrack management in conjunction with local governments have failed miserably in this regard.
