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Originally Posted by Robert Goren
Even you think the meet didn't lose money after discounting the 30 million from the casinos, you are still going have to tweak that 30 million. That is a lot of tweaking.
If you want more gamblers, you need to give them a better deal. The takeout rates in NJ are way too high. 17% for WPS compared places like NYRA and CD's 16% and California's 15.4%. Not once have I seen anything written about the NJTHA wanting to address that problem.
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They have a better takeout on exacta's pick 4's and pick 5's than So Cal. With the 6 horse fields u get in Socal there is no chance of an overlay unless the take was closer to 5% on wps. Plus the Socal bettor is a little more sophisticated . Churchills Tri and Pick 3 takeout is decent. Monmouth needs lower take on tri's and pick 3's.
