California Takeout To Rise As Much As 5%

[fmolf]

Originally Posted by Mike A

Man...that picture from "Pumping Iron" is the perfect dot on the bottom of the exclamation point that is this thread...my post can't help but detract..sorry..I've already said too much, I've already ruined it!

ERASE MY POST, LOCK THIS THREAD, HAVE IT PRINTED OUT AND BLOWN UP TO BILLBOARD SIZE AND HUNG DIRECTLY OVER THE ENTRANCE TO WHATEVER CALIFORNIA TRACK THEY'RE RUNNING THE BREEDER'S CUP AT ON OPENING DAY OF WHAT USED TO BE THAT SPECIAL "DAY".

no wonder why the big three automakers are having a slow recovery!They have gone about it all wrong...lowering prices ...offering rebates and discounts to repeat customers...increasing their products features and quality.What idiots!

[bks]

California used to have among the smallest takeouts of any US tracks for WPS wagers. So sad to see this happening.

When does this go into effect? I didn't see it referred to in the article.

[trying2win]

The Los Angeles Times article starts out talking about how the horse racing industry is struggling to compete with casinos and other betting alternatives in California. So what do the so-called expert politicians and legislative analysts come up with to solve the problem?...


Can you believe the two paragraphs below taken from the Los Angeles Times article about this raising takeout at California tracks?:


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"Legislative analysts estimate that a 5% increase in the amount taken out of wagers would generate $200 million annually for the horse-racing industry."

"Florez said the bill "is about self-reliance, reinvesting in California for growth and protecting jobs for the future."

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--Knowing about how our local city and provincial governments here in Alberta waste taxpayer dollars on a regular basis, by hiring high- priced, so-called 'expert' consultants, instead of consulting the taxpaying public, for example who offer excellent solutions for free on a variety of problems...just read any letters-to-the-editors column in your local newspaper. I wouldn't be surprised if Governor Ahnuld's 'KALLYFORNYA' government wasted big dollars hiring consultants that know next-to-nothing about the law of supply and demand, and/or the horse racing industry and asked them to recommend some solutions for the California racetrack revenue problems.

--My comments about the legislative analysts and Dean Florez are...how #%&@*!& stupid can these idiots get?...or as Forrest Gump's mother so aptly put it in that movie...."STUPID IS, AS STUPID DOES!" Also in my opinion raising takeouts would do the opposite to what these legislative analysts and Dean Florez predict would happen.

The best solutions are offered by THE CUSTOMERS THAT BET ON CALIFORNIA TRACKS! And I'd bet the sharpest of these customers are PACE ADVANTAGE MEMBERS! I'm guessing their advice to CALIFORNIA TRACKS to compete against other forms of gambling would be in two areas:

1. Go back to using conventional dirt at California racetracks.

2. Want to further compete with other forms of gambling in California?...LOWER TRACK TAKEOUTS!

...Hello! What am I missing here? Wait a second...maybe I'm suggesting too much common sense for California Government officials to understand. Speaking of common sense, have these California Government or California racetrack officials never heard of Earl Nightingale's wise advice..."THE REAL BOSS IS THE CUSTOMER. THEY PAY FOR EVERYTHING YOU OWN. IF YOU DON'T PLEASE HIM OR HER, THEY WILL TAKE THEIR BUSINESS ELSEWHERE!" In my opinion, Earl was right-on-the-money. Raising takeouts would just drive more of them away!


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T2W