Canterbury to cut takeout across the board

[cj]

http://www.bloodhorse.com/horse-raci...ross-the-board

[johnhannibalsmith]

It's about time that someone took advantage of supplementation to take a little risk and try to actually build the core product in anticipation of weaning. Kudos indeed!

[PressThePace]

Hopefully, horseplayers actually play Canterbury. The ball is in the other court now. Time to put up or shut up.

[cutchemist42]

A decent track stepped up and did this. Horseplayers please respond or the wrong message is sent, and its further evidence the experiment doesnt work.

If I wasnt subjected to ASD's rates on American tracks, I'd be loving this.

[maclr11]

Then I hope you went out and voted today cutchemist

[bello]

This is a huge Proof of Concept. If the bettors don't respond by playing Canterbury they will forever literally pay for any and every increased takeout moving forward and deserve what they get

[cutchemist42]

Originally Posted by maclr11

Then I hope you went out and voted today cutchemist

Oh I definitely did.

Don't think I heard any racing related points during the election process?

[PaceAdvantage]

Originally Posted by bello

This is a huge Proof of Concept. If the bettors don't respond by playing Canterbury they will forever literally pay for any and every increased takeout moving forward and deserve what they get

We hear this kind of thing every time a track decides to offer a lower takeout...

[ronsmac]

Originally Posted by bello

This is a huge Proof of Concept. If the bettors don't respond by playing Canterbury they will forever literally pay for any and every increased takeout moving forward and deserve what they get

I wouldn't say they deserve it. If it's not a track you normally play, a few points in takeout may not help you if you're unfamiliar with the trainers and other idiosyncrasies of the track. Plus they're a night track which is good for some and bad for others. The players who play Canterbury regularly will increase the size of their wagers hopefully. Unfortunately it's always 3rd tier tracks who try reductions and rarely the major tracks

[bello]

I agree guys and I for one make an effort to support the minor league tracks that do lower their takeouts. I learn them, their idiosyncrasys, trainers, etc and support them all I can. That is the point of what they are doing and why they should get support and get my betting dollars.

Believe me, it is not alwayd easy to bet into very small pools. I tried supporting Tioga harness when they lowered pools but it was a lost cause as the handles proved too putrid to be bet into. Some onus need to be put on the track itself to promote the lower take-outs. If they are well promoted and handle does not increase, those who complain about handles should at least keep it to themselves,

[Poindexter]

Originally Posted by PaceAdvantage

We hear this kind of thing every time a track decides to offer a lower takeout...

Rightfully so. If bettors want lower takeout they have to support this type of move. We have the get the ball rolling the other direction and no better way to do it than to support a track that is headed in the right direction. Bean counters are going to want to make up for the lower takeout with enough increased betting to make it a smart decision. If bettors fail to deliver than they will just reverse course and a whole bunch of "I told you so's" will come from the racing industry.

[PaceAdvantage]

Tracks HAVE lowered takeout before. And instituted new lower takeout wagers (Pick 5 in SoCal comes to mind) over the years.

Is there not enough evidence at this point that a properly promoted, lower takeout wager is going to attract significantly more handle?

[bello]

Originally Posted by PaceAdvantage

Tracks HAVE lowered takeout before. And instituted new lower takeout wagers (Pick 5 in SoCal comes to mind) over the years.

Is there not enough evidence at this point that a properly promoted, lower takeout wager is going to attract significantly more handle?

Great question...anyone from H.A.N.A have any data?

[ronsmac]

Originally Posted by PaceAdvantage

Tracks HAVE lowered takeout before. And instituted new lower takeout wagers (Pick 5 in SoCal comes to mind) over the years.

Is there not enough evidence at this point that a properly promoted, lower takeout wager is going to attract significantly more handle?

In theory probably, in practice not always. I have friends that bet multiple tracks and into insane takeouts. What benefit they would get betting Canterbury would be negated when they bet their Penn national triple. Penn would actualy reap some of the reward of Canterbury"s lower take.

[Poindexter]

Originally Posted by PaceAdvantage

Tracks HAVE lowered takeout before. And instituted new lower takeout wagers (Pick 5 in SoCal comes to mind) over the years.

Is there not enough evidence at this point that a properly promoted, lower takeout wager is going to attract significantly more handle?

Pick 5 is just one wager and a low probability wager at that(very hard to churn money on a bet that is so hard to hit). With Canterbury they are reducing takeout in all the pools(18 % to 15% in WPS and 23% to 18% in the other pools). This is quite significant. This is the the type of experiment that every horseplayer should want to see and should want to support. Is it enough? Of course not, but if we do not support a track going to first base, how are we going to get to 2nd base, 3rd base and eventually home.

When a Track raises takeout 2% there are cries for boycotting, so now that one is lowering it 3 to 5 % there should be equally as loud cries for support.