Quote:
Originally Posted by ScottJ
During the early pandemic shutdown (2020), you might remember that Fonner Park was just about the only action available and the betting volume skyrocketed.
The business model involving tracks without direct ADW access was covered in this article. Read the story as told by Chris Kotulak, Fonner's CEO and you might recall, former TVG face.
https://www.bloodhorse.com/horse-rac...-need-a-rehaul
Imagine having a $2,000,000 handle where only $60,000 goes to purses and operations - three cents on the dollar. Fonner Park needed to negotiate with ADWs for an increase from 3% to 5% of the action for 12 racing days in order to complete their extended meeting.
The only survival hope for a smaller racetrack without an ADW is that one of the ADWs actually buys the track or you have some other strong source of income. The non-track connected ADWs such as TVG, DRF Bets, and the like will never invest in a racetrack - why would they want the costs when they are already on the gravy train? Another example of their parasitic business model and underlying attitude to the game.
Back on point of this thread, this is why NYRABets is best in my mind. NYRA seems to be the only leading player still in the game for the game's sake. |
Tvg/fanduel and I have never bet with them, gives the racing industry a lot of exposure. Of course the exposure is currently worthless because nobody stays in the game long enough to make a difference. If you have the sports package on your local cable and your flipping your channels there is horse racing somewhere being presented much of the day.
All that aside do you have any concrete evidence that if someone bets $100 at xyz downs at NYRA bets that more money will go to that track then if I bet the money at a Twinspires or Xpressbet or Amwager or Fanduel. I am not saying that this is or is not the case, but you need to show evidence.
Also if NYRA Bets is in this game for the games sake they would be offerring real rebates to small players. I don't know if they are doing so or not, but if they aren't you cannot say they are in this for the games sake. Because as long as Caw gets 15% rebates in some pools and joe fan gets a 1/2 % in players points rewards, joe fan is doomed. There is no way to get around that.
By the way just looked up the Nyra Bets rewards program(see below). This is a serious joke. How do you rationalize they are in the game for the games sake.
POINTS PROGRAM
Our points program earns you points for every dollar you bet, including an industry best 4 points per dollar on all NYRA tracks - no matter your level of play. No forms to fill out either, you are automatically enrolled in the program when you join NYRA Bets.
Redeem points for wagering dollars and past performances. There is no better place to bet on the action at Saratoga, Belmont or Aqueduct than NYRA Bets since you will earn 4 points for every dollar bet! Each dollar bet on all other tracks will return 2 points. The point structure is illustrated below.
NYRA Bets Points Structure
NYRA Tracks (Belmont, Aqueduct, Saratoga) $1 Bet = 4 Points Earned
All Non-NYRA Tracks $1 Bet = 2 Points Earned
Example: A player betting $1,000 on Belmont races and $500 on races run at non NYRA tracks will receive 5,000 points
$1,000 × 4 = 4,000 pts
$500 × 2 = 1,000 pts
1,000 + 4,000 = 5,000 TOTAL POINTS
