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Players are not stupid, although it is a fantastic shock headline by Bill F.
Bettors are smart - that's why handle is off by close to 50% the last ten years.
If Kinko's kept their same business plan and lost 50% of their business in ten years, they would not say their customers are stupid, they would say "we're doing something wrong because they have left"
Customers are very smart and rational. Racing just has not figured that out yet.
As for CA. Bettors might keep playing it. I dont know if they are dumb or not, but I do know if they continue to bet 22% takeout in ex's in five horse fields they will be broke.
Last edited by DeanT; 09-10-2010 at 02:19 PM.
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