 |
|
10-03-2015, 08:36 PM
|
#2
|
|
Registered User
Join Date: Nov 2012
Posts: 1,541
|
Much appreciated. 
|
|
|
|
10-03-2015, 08:37 PM
|
#3
|
|
Racing Form Detective
Join Date: Jul 2007
Location: Lincoln, Ne but my heart is at Santa Anita
Posts: 16,316
|
Horse racing will have to cut its takeout by at least two thirds for it to become an attractive game. Plus it get rid of its image of too many shenanigans going on. Good luck on getting either of those done.
__________________
Some day in the not too distant future, horse players will betting on computer generated races over the net. Race tracks will become casinos and shopping centers. And some crooner will be belting out "there used to be a race track here".
|
|
|
|
|
10-03-2015, 09:21 PM
|
#4
|
|
Registered User
Join Date: Aug 2007
Posts: 7,510
|
Quote:
|
Originally Posted by fmhealth
|
The article is 100% spot on..
I have a friend who goes to Vegas a few times per year.
He plays black jack 80% of the time. Craps the other 20%..
If he walks up to a black jack table with an auto shuffler or 6/5 blackjack, he leaves.
IN fact, he has pretty much given up on the touristy strip hotels as they have the largest house edges on games, use auto shufflers on black jack tables and are generally too stuffed with players who have no clue what it is they are doing and less of a clue they are getting far less value for their gambling dollar.
|
|
|
|
|
10-03-2015, 10:07 PM
|
#5
|
|
Authorized Advertiser
Join Date: Dec 2014
Location: Oakland, Ca
Posts: 7,953
|
Quote:
|
Originally Posted by fmhealth
|
well worth the read--ty sir
|
|
|
|
|
10-04-2015, 03:54 AM
|
#6
|
|
Veteran
Join Date: Oct 2009
Posts: 25,607
|
Great article Dean.
|
|
|
|
|
10-04-2015, 06:17 AM
|
#7
|
|
Registered User
Join Date: Dec 2005
Location: MI
Posts: 6,330
|
Good article.
__________________
"The Law, in its majestic equality, forbids the rich, as well as the poor, to sleep under bridges, to beg in the streets, and to steal bread."
Anatole France
|
|
|
|
|
10-04-2015, 06:38 AM
|
#8
|
|
Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,739
|
the similarities between fantasy sports betting and horse race betting is that you pay your takeout when you win. according to the article the takeout for fantasy sports is 8%. in horse racing the takeout for w-p-s is roughly 18% on many tracks. when the players get rebates in horse racing they might get up to 10% on that type of w-p-s takeout tracks on the initial $2 bet win or lose.
i guess what the article is communicating is that if the takeout is lowered for everyone in racing there will be more interest.
what i have seen lately the only time interest in racing goes up is when there are large amounts of money being bet into those pools. people seem to come out of the wood works on big stake day programs or large carryover pools.
on a real good stakes day other than breeders cup or triple crown the handles are close to $30 million for the day which to me is very short of what it should attract.
a lot of the points in the article i agree with. the biggest one being that racing is not a beatable game. but i can tell you that neither is Fantasy Sports. when guys like Billy Walters have figured out how to make $20 million a year at the game, its unbeatable to most everyone else. sort of the same as horse racing.
what the article boils down to is that the main problem with racing is the takeout and that if you lowered it to the same as Fantasy Sports, more people would be interested in it. i doubt it.
|
|
|
|
10-04-2015, 12:48 PM
|
#9
|
|
Veteran
Join Date: Oct 2009
Posts: 25,607
|
Quote:
|
Originally Posted by lamboguy
the similarities between fantasy sports betting and horse race betting is that you pay your takeout when you win. according to the article the takeout for fantasy sports is 8%. in horse racing the takeout for w-p-s is roughly 18% on many tracks. when the players get rebates in horse racing they might get up to 10% on that type of w-p-s takeout tracks on the initial $2 bet win or lose.
i guess what the article is communicating is that if the takeout is lowered for everyone in racing there will be more interest.
what i have seen lately the only time interest in racing goes up is when there are large amounts of money being bet into those pools. people seem to come out of the wood works on big stake day programs or large carryover pools.
on a real good stakes day other than breeders cup or triple crown the handles are close to $30 million for the day which to me is very short of what it should attract.
a lot of the points in the article i agree with. the biggest one being that racing is not a beatable game. but i can tell you that neither is Fantasy Sports. when guys like Billy Walters have figured out how to make $20 million a year at the game, its unbeatable to most everyone else. sort of the same as horse racing.
what the article boils down to is that the main problem with racing is the takeout and that if you lowered it to the same as Fantasy Sports, more people would be interested in it. i doubt it.
|
What's amazing to me is all the extra money on 'big days' where's this money on all the other days? Why are serious gamblers only betting horse racing a few days a year and not betting a single dollar on the other 360 days.
|
|
|
|
|
10-04-2015, 12:53 PM
|
#10
|
|
Registered User
Join Date: Aug 2007
Posts: 7,510
|
Quote:
|
Originally Posted by lamboguy
the similarities between fantasy sports betting and horse race betting is that you pay your takeout when you win. according to the article the takeout for fantasy sports is 8%. in horse racing the takeout for w-p-s is roughly 18% on many tracks. when the players get rebates in horse racing they might get up to 10% on that type of w-p-s takeout tracks on the initial $2 bet win or lose.
i guess what the article is communicating is that if the takeout is lowered for everyone in racing there will be more interest.
what i have seen lately the only time interest in racing goes up is when there are large amounts of money being bet into those pools. people seem to come out of the wood works on big stake day programs or large carryover pools.
on a real good stakes day other than breeders cup or triple crown the handles are close to $30 million for the day which to me is very short of what it should attract.
a lot of the points in the article i agree with. the biggest one being that racing is not a beatable game. but i can tell you that neither is Fantasy Sports. when guys like Billy Walters have figured out how to make $20 million a year at the game, its unbeatable to most everyone else. sort of the same as horse racing.
what the article boils down to is that the main problem with racing is the takeout and that if you lowered it to the same as Fantasy Sports, more people would be interested in it. i doubt it.
|
I agree...However, mention lowering takeout to Horsemen's associations and their hair catches on fire.
And now with most states having slots to inflate purses, the horsemen could not give two shites about the PM handle. That is as long as they get their desired cut of the dwindling pie.....
Now, Horsemen's associations are the inmates running the asylum. They have far too much power. If I were ruler of the horse racing world for a day, my solution is to have a balance. The track management and horsemen's group having EQUAL standing with neither party having the ability to walk away and shut down. All disputes to be settled in binding arbitration. No lawsuits. No shut downs. None of this "I'm taking my ball and going home" nonsense...Track managements would also be barred from lockouts and any retaliatory actions against the horsemen.
|
|
|
|
|
10-04-2015, 12:55 PM
|
#11
|
|
Registered User
Join Date: Aug 2007
Posts: 7,510
|
Quote:
|
Originally Posted by Stillriledup
What's amazing to me is all the extra money on 'big days' where's this money on all the other days? Why are serious gamblers only betting horse racing a few days a year and not betting a single dollar on the other 360 days.
|
I have not the foggiest notion. I guess like anything else, everyone wants to see the stars of the show. And given the propensity of Americans to want to be part of the action, their cash is the vessel by which they feel as though they are part of the thing.
|
|
|
|
|
10-04-2015, 01:06 PM
|
#12
|
|
clean money
Join Date: Sep 2006
Location: Maryland
Posts: 23,558
|
Quote:
|
Originally Posted by Stillriledup
What's amazing to me is all the extra money on 'big days' where's this money on all the other days? Why are serious gamblers only betting horse racing a few days a year and not betting a single dollar on the other 360 days.
|
People can't afford to bet a significant amount 365 days a year.
__________________
Preparation. Discipline. Patience. Decisiveness.
|
|
|
|
|
10-04-2015, 01:13 PM
|
#13
|
|
Veteran
Join Date: Oct 2009
Posts: 25,607
|
Quote:
|
Originally Posted by Robert Fischer
People can't afford to bet a significant amount 365 days a year.
|
I get that part, I was wondering why they bet ZERO. Even if all these 'big day warriors' were 2 dollar bettors it would help.
|
|
|
|
|
10-04-2015, 01:15 PM
|
#14
|
|
Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,739
|
Quote:
|
Originally Posted by thespaah
I agree...However, mention lowering takeout to Horsemen's associations and their hair catches on fire.
And now with most states having slots to inflate purses, the horsemen could not give two shites about the PM handle. That is as long as they get their desired cut of the dwindling pie.....
Now, Horsemen's associations are the inmates running the asylum. They have far too much power. If I were ruler of the horse racing world for a day, my solution is to have a balance. The track management and horsemen's group having EQUAL standing with neither party having the ability to walk away and shut down. All disputes to be settled in binding arbitration. No lawsuits. No shut downs. None of this "I'm taking my ball and going home" nonsense...Track managements would also be barred from lockouts and any retaliatory actions against the horsemen.
|
i don't think you know how exciting it is to watch Ramon Preciado win 6 or 7 races in Parx on a Saturday along with his win in the Stake race at Keeneland. this brings lots of people to this game.
|
|
|
|
|
10-04-2015, 01:19 PM
|
#15
|
|
Registered User
Join Date: May 2011
Posts: 22,632
|
Quote:
|
Originally Posted by Stillriledup
I get that part, I was wondering why they bet ZERO. Even if all these 'big day warriors' were 2 dollar bettors it would help.
|
They bet when they go and they sometimes only go on big days or to see a big name horse.
|
|
|
|
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
|
