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View Poll Results: Would the 15% - 30% takeout solution work? Multiple choice
Yes, it would work 0 0%
No, it wouldn't work 24 72.73%
I'm willing to give it a try 9 27.27%
Multiple Choice Poll. Voters: 33. Non-members may not vote on this poll

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Old 09-12-2017, 03:58 PM   #1
Andy Asaro
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The 15-30 Takeout Solution. Would it work?

http://www.horseraceinsider.com/On-T...tion/#comments

Excerpt:

A friend and grassroots activist made a suggestion that was thought provoking and makes sense. Think of takeout rates as the difference between a main course and dessert menu. Daily churners, the meat and potatoes guys, need help.

The bettors we’re talking about here are those who wager a couple of thousand dollars per week—every week, and receive the equivalent of shinier bangles and multi-stringed beads.

In its simplest terms, bet-takers won’t punish their best customers to help the serious middle-class players, fearing that takeout reductions will result in revenue reductions, which will happen in the short term. Their concerns are understandable.

But it takes time to convert added churn into higher revenue, and tracks have been unwilling to take haircuts for several years for their own long term growth and that will have a deleterious effect on the entire industry going forward.

So let the rank-and-file, the solid everyday churn player, meat-and-potatoes: The straight and duel multiple pools; daily doubles, exactas and quinellas.
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Old 09-12-2017, 04:10 PM   #2
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And I'd certainly be willing to give it a try.
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Old 09-12-2017, 05:22 PM   #3
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Does anyone have a link to the current take out rates?
I have a link to an older one

http://www.sportsbettingacumen.com/h...can-racetracks

Turf Paradise is (according to this old chart) 20% on win bets.
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Old 09-12-2017, 05:27 PM   #4
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I agree with him on one point; he is no mathematician. My guess is that John is not much of a bettor or he would have a better grasp of the problems. He deserves a participation trophy for trying.
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Old 09-12-2017, 05:30 PM   #5
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Originally Posted by Andy Asaro View Post
Of course you would if those were your preferred bets.
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Old 09-12-2017, 05:35 PM   #6
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Of course you would if those were your preferred bets.
They would become the "preferred" bets for a lot more people IMO
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Old 09-12-2017, 05:40 PM   #7
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They would become the "preferred" bets for a lot more people IMO
The choices of W-P-S and exactas are arbitrary. Allowing confiscatory rates on some bets is like saying a little rape is acceptable.
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Old 09-12-2017, 05:45 PM   #8
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The choices of W-P-S and exactas are arbitrary. Allowing confiscatory rates on some bets is like saying a little rape is acceptable.
The reality is that they're doing that already on most wagers. If we want to grow the game and grow handle and revenue LONG TERM then the Industry needs the gamblers to churn a lot more than they currently do. Much easier for newbies to learn the game if directed to start with WPS and Exactas IMO.
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Old 09-12-2017, 05:46 PM   #9
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Quote:
Originally Posted by betovernetcapper View Post
Does anyone have a link to the current take out rates?
I have a link to an older one

http://www.sportsbettingacumen.com/h...can-racetracks

Turf Paradise is (according to this old chart) 20% on win bets.

You might try the HANA 2017 Track Ratings link on the HANA site:
http://www.horseplayersassociation.o...7Sortable.html



-jp

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Last edited by Jeff P; 09-12-2017 at 05:47 PM.
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Old 09-12-2017, 06:04 PM   #10
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Originally Posted by Andy Asaro View Post
The reality is that they're doing that already on most wagers. If we want to grow the game and grow handle and revenue LONG TERM then the Industry needs the gamblers to churn a lot more than they currently do. Much easier for newbies to learn the game if directed to start with WPS and Exactas IMO.
In reality the current practices have reduced the number of players. A newbie who understands gambling will not jump for joy playing odds roulette with win bets not knowing what price they will get until after the horses hit the wire. Getting 2.80 on a show horse doesn't raise the heart rate much either.

In CA where the W-P-S takeout is 15.43% they are already essentially at the 15% mark. By switching to the 15-30 plan they would only really be changing the exacta takeout and raising everything else. Put me down in the you've-got-to-be-kidding-me column.
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Old 09-12-2017, 06:25 PM   #11
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So...the poor pick-3 bettor, who has seen his payoffs PLUMMETING in recent years, should now have to suffer anew by paying a 30% takeout...per Mr. Pricci? Why this blatant discrimination against the horizontal bettor?
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Old 09-12-2017, 06:33 PM   #12
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Quote:
Originally Posted by Andy Asaro View Post
The reality is that they're doing that already on most wagers. If we want to grow the game and grow handle and revenue LONG TERM then the Industry needs the gamblers to churn a lot more than they currently do. Much easier for newbies to learn the game if directed to start with WPS and Exactas IMO.
If the WPS wagers and the exactas were so "efficient" at growing long-term handle and revenue...then the more complicated wagers would have never been introduced, IMO.
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Old 09-12-2017, 06:43 PM   #13
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15% still too high to cause any meaningful impact. Need to get down to 10% for any real results. Even lower would be better.
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Old 09-12-2017, 06:44 PM   #14
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It's ludicrous to think that you can bring about "long-term growth" in the handle and revenue of this game through the use of "smoke-and-mirrors". As long as the field sizes and the competitive levels of the races continue their downward trend...the mutuel handles will trend likewise. The churn is less because today's races SUCK...and it's disheartening that a veteran horseracing writer like Mr. Pricci needs to be reminded of that.
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Old 09-12-2017, 06:55 PM   #15
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I stopped reading after he said clown in the white house. I figure it takes one to know one
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