Churchill Downs raising takeout

[Al Gobbi]

17.5 percent for WPS bets, 22 percent for exotics.

http://www.courier-journal.com/story...e-bet/7565235/

[Stillriledup]

yes, it will "increase revenue" because the betting handles will remain exactly the same

[cj]

Every time I think there is a glimmer of hope for racing, I get a swift kick in the ass.

Churchill Downs has decided to increase the amount it takes from each bet – a move that could add $8 million to its revenues and provide a similar amount to purses.

You just can't make up this kind of stupidity.

[thaskalos]

I predicted a while ago that the takeouts were going only one way...and it wasn't down.

When you see the successful racinos charging outrageous takeouts...what do you expect the other tracks to do?

[BlueShoe]

Takeout levels will now be at the same levels as Ellis and Turfway Parks. Wow, now that is really progress.

[Robert Goren]

Just when they were going to get me to look at their product again by canning their announcer, they chase me away again. My guess is that the horsemen here are having a big laugh at the bettors here's expense. This is insult to all bettors.

[BlueShoe]

Originally Posted by Robert Goren

Just when they were going to get me to look at their product again by canning their announcer, they chase me away again. My guess is that the horsemen here are having a big laugh at the bettors here's expense. This is insult to all bettors.

Lets see how loud they laugh after handle declines sharply. They never learn, do they? A 1 1/2% raise in straight bets is bad enough, but 3% on exotics? That is huge, pure folly, imo.

[Al Gobbi]

I really believe this is being done to pawn racing and then when the handle figures drop sharply they can spin it to reduce the racing dates even more. CDI has become a casino company looking to cut racing to as little as possible.

[lamboguy]

Originally Posted by cj

Every time I think there is a glimmer of hope for racing, I get a swift kick in the ass.



You just can't make up this kind of stupidity.

the higher the purses go, the worse the game gets

[Cholly]

Originally Posted by Al Gobbi

I really believe this is being done to pawn racing and then when the handle figures drop sharply they can spin it to reduce the racing dates even more. CDI has become a casino company looking to cut racing to as little as possible.

What he says.

[Grits]

I loathe this place. They could remove all horses from the grounds tomorrow, and the place could go up in flames. I wouldn't give a tinker's damn. I have this much disdain for the men that run this place. They personify the greed that has ruined this sport. They care nothing about horses, or bettors, or anyone else.

Sound harsh? I could care less.

2013 FULL YEAR

• Record net revenues of $779.3 million, a 7% increase over 2012

http://www.churchilldownsincorporated.com/our_company/company_news/2014/02/26/churchill_downs_incorporated_reports

[horses4courses]

I'm done with TwinSpires.
Went to sign-on there recently and my account was locked out.
"Contact Customer Services @ 1-800-blah, blah"

True enough, I haven't played there much this year.
Last year, I gave them over $20K in handle.
This year, just a few small deposits that disappeared quickly.

I find the online product at Xpressbet and TVG to be much better.
Video on TVG online is by far the best for my laptop right now.
Those two ADWs can have my business this year.

Then CDI goes and raises the takeout at CD.
Well bust my britches..........

[JustRalph]

Blame Collmus and his excessive demands!!!

[Tall One]

Originally Posted by BlueShoe

Takeout levels will now be at the same levels as Ellis and Turfway Parks. Wow, now that is really progress.

Number of bets I placed at those two tracks in five years? 1.

Ever notice there's never any good news in thoroughbred racing anymore?

[Zydeco]

Just read the article......cracked me up.......17.5% of nothing is????? Thet just don't get it