Quote:
Originally Posted by burnsy
Yeah , but my question is . What happens without the “incentive “ . How bad does it get ? If big bettors walk . How much more does handle decrease ? The fact is I believe the incentive is them dealing with a rock and hard spot .
Furthermore, legal sports betting . I bet football . I’m not a huge bettor but I bet . Draftkings gives me bonuses and a cash out price early if my bet is winning and I don’t want to risk waiting for the end result . I’m not some Whale , but it’s way easier for me to make money doing this over horse racing . And I get the incentives to boot .
If anyone is thinking they can level the playing field in horse racing. My belief is , it’s too late and the competition is just going to eat their lunch in the long run. How do you beat , the takeout , the short fields and the diluted odds going against the big money . Pari Mutuel my ass !
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That's why US racing really should explore adding new types of bets. As you said it's easier to make money with these other bets, if nothing else it SEEMS easier. That's very very important to this discussion is that it seems easier. It's in fact nothing like spending hours handicapping a pick six to get maybe a 10% chance to cash out. It's completely the opposite, and yet big names are playing their pick six, they don't want to grind anything, it's all about six figure king of the world scores. I have to share some news, that's all well and good for them, I'm actually happy they have what they really want, but not everyone wants to bet a little to win a lot, in fact I suspect that most gamblers want to absolutely crush something at fixed odds which they believe to be a near certainty to cash. US racing offers very little of the sort. Place and show bets have the strike rates but are a terrible option. We need some horse against horse match-up bets in order to get anything close to the sense of easy winning that you describe above with draftkings. Racing has the events on offer every day, they just need a way to tap into this. If they don't figure this out it goes nowhere really, it'll just be a gradual decline, won't matter about breakdowns or bad press, wave a magic wand and take that away, the critical problem is still relative to sports betting by and large nobody wins often enough here to even fool themselves for very long.
