Penny Breakage - Returning rightful winnings to horseplayers

[Dave Schwartz]

Originally Posted by Nitro

Come on Dave. So now you’re trying to tell everyone that “shippers” would make the difference between racing in the States and what’s going on in HK? It works there because every aspect of their game (from prohibition of drugs to holding jockeys accountable) maintains the type of integrity that so many players here are demanding.

That would be exactly right. That is precisely what I am saying.

If the US had 2 tracks (or 10 tracks) and every horse was signed to race at a certain track, they'd have full fields in every race.

If you didn't race, you'd lose your spot.

The tracks would then be in charge of the trainers and the world would be far different.

HK is not unique by accident. In fact, it IS the business model that US racing needs.

They need a core business entity that actually has some control over the tracks.

[Nitro]

Originally Posted by Dave Schwartz

That would be exactly right. That is precisely what I am saying.

If the US had 2 tracks (or 10 tracks) and every horse was signed to race at a certain track, they'd have full fields in every race.

If you didn't race, you'd lose your spot.

The tracks would then be in charge of the trainers and the world would be far different.

HK is not unique by accident. In fact, it IS the business model that US racing needs.

They need a core business entity that actually has some control over the tracks.

Now you're talkin!

[Maximillion]

Originally Posted by Dave Schwartz

That would be exactly right. That is precisely what I am saying.

If the US had 2 tracks (or 10 tracks) and every horse was signed to race at a certain track, they'd have full fields in every race.

If you didn't race, you'd lose your spot.

The tracks would then be in charge of the trainers and the world would be far different.

HK is not unique by accident. In fact, it IS the business model that US racing needs.

They need a core business entity that actually has some control over the tracks.

It would also stop the practice of a supertrainer looking at a bunch of tracks/races and then shipping in to the easiest spot he can find...and creating another unplayable race.

[AndyC]

Originally Posted by Dave Schwartz

That would be exactly right. That is precisely what I am saying.

If the US had 2 tracks (or 10 tracks) and every horse was signed to race at a certain track, they'd have full fields in every race.

If you didn't race, you'd lose your spot.

The tracks would then be in charge of the trainers and the world would be far different.

HK is not unique by accident. In fact, it IS the business model that US racing needs.

They need a core business entity that actually has some control over the tracks.

Telling a bunch of successful businessmen and women that they have virtually no control over their horse investments would more likely thin the group of horse owners and not fill fields. Not exactly a business model that works well in a capitalistic society.

[jimmyb]

Originally Posted by AndyC

Telling a bunch of successful businessmen and women that they have virtually no control over their horse investments would more likely thin the group of horse owners and not fill fields. Not exactly a business model that works well in a capitalistic society.

Then let them go train at a farm with an assistant trainer.

[castaway01]

Originally Posted by Someday Silent

That's a good point I hadn't considered.

In what possible way is that a good point?

[jay68802]

Originally Posted by Dave Schwartz

They need a core business entity that actually has some control over the tracks.

So true, and the reason that the HBPA's and other alphabet groups are afraid of bills like The Horse Racing Integrity Act. Giving up the control they have frightens the hell out of them.

[Andy Asaro]

Twitter

Excerpt:

“Breakage represents an opaque practice in an era where pricing transparency is essential to the wagering customer, particularly in the face of a growing competitive marketplace with far lower takeout rates. Economists and industry consultants agree racing’s declared takeout is too high, yet breakage only adds to the burden, yielding effective rates that can push nearly 21% in the win, place and show pools, far higher than what is advertised.

“The nature of racing wagering has changed. Most bets are placed away from host tracks, often online. Many on-track wagers have shifted to the use of cash vouchers. Technological advancements and evolution have rendered antiquated the concept of retaining breakage. Racing is in great need of modernization in many facets while seeking means of increasing wagering from its customers. Industry stakeholders should advocate with their regulators for a shift to penny breakage.


BTW the L.A. Times/John Cherwa newsletter is free to sign up.

[clicknow]

Originally Posted by Nitro

It works there because every aspect of their game (from prohibition of drugs to holding jockeys accountable) maintains the type of integrity that so many players here are demanding.

As far as Andy’s post goes, perhaps you should read my response. Consistently having decent field sizes has nothing to do filling stalls. It has everything to do with running them more frequently. Eliminate the drugs like Lasix and that just might happen.

Yay! and triple Yay!


Bettors also have access to data like Roarer's database, whether or not horse has had surgery for such, as well as as the general veterinary database which notes treatments for both medication and injury records ike mucus in trachea, tendonitis, etc.

In the U.S. full disclosure of information critical to you as a bettor is kept from you.

Not to mention their video quality as well as the pre race footage of each horse is of exceptional quality.

[Andy Asaro]

Twitter

[clicknow]

P.S. Hey nitro I haven't played Sha Tin since Magic Man Moreira left. (shock & awe). Guess he got licensed in japan by now, is learning the language w/his tutor, etc. Will be up against Hugh Bowman (Winx's rider) and others in Singapore International Jockeys Challenge soon.

[Someday Silent]

Originally Posted by castaway01

In what possible way is that a good point?

As someone who doesn't bet very frequently, when I do bet, I have to make it count. Wacky place and show pools have helped me more than once.

[Someday Silent]

Originally Posted by AltonKelsey

And consider the 1000's of people making a living collecting 2.10 . They would have to go on the dole.

Wait... people actually make a living by doing that?