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Originally Posted by thespaah
I could have.. Let me check....
Ok. Last year Parx contested the Cotillion and PA Derby on the same day....
Total purses was roughly $2.9 million.
Ontrack handle was $544k.....
Handle on track was 27% of the purse total offered for the PA Derby and Cotillion.
And just 18.7% of the total purse money for the day.
All sources handle was $5.3 million.
Handle on the PA derby was $1.5 million
For the Cotillion, $800k
Combined the handle on those races was barely over the purses. At an avg of 22% take out, (30% on all vertical with more than two positions in the bet and all horizontal wagers), the track lost money on the day's races.
Of course the obvious is the casino handle covered it.
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I sincerely appreciate the math.
I was just being silly my friend...
Don't mind me.
