Quote:
Originally Posted by thaskalos
Yes...but how do we define the term "optimal price" as it applies to the topic of parimutuel takeout? Is the "optimal takeout" the takeout percentage that would lead to the highest betting handle...or is it the takeout percentage which would lead to the highest overall profit for the track? Because these two are not necessarily the same thing.
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Still waiting for HANA to define this……
Takeout isn’t driving anybody away, nor is doping. What’s driving people away is not knowing what their wager will pay if it hits. I don’t think anybody is going to shy away from betting 2:1 if he/she is comfortable at that price but I’m not going to bet it knowing that it’s going to be 3:2 after the gates open and by the time they’re going into the turn. Get rid of the doping, lower the takeout…….and it’s still an unbettable product on all but the days where the pools are so big that they won’t shift in the 2 clicks after the gates open