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11-19-2021, 04:40 PM
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#1
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Registered User
Join Date: Dec 2001
Location: JCapper Platinum: Kind of like Deep Blue... but for horses.
Posts: 5,287
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Kentucky Lawmaker Proposes Penny Breakage
Bloodhorse.com | Frank Angst | 11-19-2021
Kentucky Lawmaker: It's Time to Support Horseplayers:
https://www.bloodhorse.com/horse-rac...t-horseplayers
Quote:
Saying Kentucky already has taken care of breeders, owners, and tracks, a prominent lawmaker voiced support of lowering the breakage rate for wagers on state races, a move that would increase payouts to winning horseplayers.
Rep. Adam Koenig, co-chairman of the Pari-Mutuel Wagering Taxation Task Force, expressed support for lowering breakage during a Nov. 19 meeting of the group in Frankfort. The task force was formed after legislation protecting historical horse racing games as pari-mutuel wagering was signed into law in February 2021.
Friday marked the task force's fifth and final hearing on tax and pricing issues related to HHR and pari-mutuel wagering.
"In the last few months, we've heard there's really three things we need to make horse racing go. We need the breeders and the owners, we need the tracks, and we need bettors. We've taken care of the first two groups," Koenig said of the money from HHR that has benefited Kentucky owners, breeders, and tracks. "As far as I'm concerned we're going to take care of the last group. And this is one of the possible ways—and I think—the easiest and best way to do it."
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-jp
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__________________
Team JCapper: 2011 PAIHL Regular Season ROI Leader after 15 weeks
www.JCapper.com
Last edited by Jeff P; 11-19-2021 at 04:44 PM.
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11-19-2021, 04:44 PM
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#2
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Registered User
Join Date: Mar 2017
Posts: 5,800
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Very good.
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11-19-2021, 06:07 PM
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#3
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The Voice of Reason!
Join Date: Mar 2001
Location: Canandaigua, New york
Posts: 112,810
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Wow, racing is evolving almost as fast as dinosaurs. 
They must have upgraded their computers.
__________________
Who does the Racing Form Detective like in this one?
Last edited by Tom; 11-19-2021 at 06:09 PM.
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11-19-2021, 06:34 PM
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#4
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Registered User
Join Date: Mar 2010
Posts: 1,438
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Quote:
Originally Posted by Tom
Wow, racing is evolving almost as fast as dinosaurs.
They must have upgraded their computers.
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They went to the moon with this!! We can't get penny breakage now? lol
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11-19-2021, 06:48 PM
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#5
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Just Deplorable
Join Date: Mar 2003
Location: Lebanon, Ohio
Posts: 8,064
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The mutuels unions don't have the clout they used to have. 
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11-19-2021, 09:20 PM
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#6
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Registered User
Join Date: Aug 2017
Location: Near Lexington, KY
Posts: 3,246
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Thanks, Jeff. As always.  
__________________
Just when you least expect it...just what you least expect-The Pet Shop Boys.
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11-19-2021, 09:31 PM
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#7
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Top Horse Analytics
Join Date: Mar 2013
Location: Las Vegas, NV
Posts: 12,303
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Been hoping for this my whole horse racing life. 
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11-20-2021, 10:36 AM
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#8
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Registered User
Join Date: Mar 2005
Location: Queens, NY
Posts: 20,604
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Something like this would really help the WPS bettor and make those pools more attractive relative to exotics.
__________________
"Unlearning is the highest form of learning"
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11-20-2021, 10:46 AM
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#9
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Registered User
Join Date: Mar 2017
Posts: 5,800
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Quote:
Originally Posted by classhandicapper
Something like this would really help the WPS bettor and make those pools more attractive relative to exotics.
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And more CHURN
Seems like racing has abandoned any strategy to increase churn
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11-20-2021, 11:47 AM
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#10
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Registered User
Join Date: Apr 2019
Posts: 518
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It’s way too many points given to bettors for it to realistically happen. Not that it shouldn’t, but it just won’t
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11-20-2021, 11:58 AM
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#11
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Registered User
Join Date: May 2011
Posts: 22,629
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they make too much on breakage to be happy with this
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11-20-2021, 01:38 PM
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#12
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Registered User
Join Date: Dec 2003
Posts: 1,692
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11-20-2021, 02:28 PM
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#13
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Registered User
Join Date: Jun 2019
Location: Clarksville, AR
Posts: 1,216
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Quote:
Originally Posted by Andy Asaro
And more CHURN
Seems like racing has abandoned any strategy to increase churn
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You mean like increasing the number and type of Pick-Ns and the preponderance of wagering advice pointed towards horizontals vs. win betting and other verticals?
__________________
Tom in NW Arkansas
——————
”Past performances are no guarantee of future results.” - Why isn't this disclaimer printed in the Daily Racing Form?
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11-20-2021, 02:52 PM
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#14
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Registered User
Join Date: Jun 2007
Location: Long Island, NY
Posts: 753
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A rising tide lifts all boats... the whole industry makes me roll my eyes. It's like they don't mind pissing into the fan.
I would love for them to bring this sport out of the industrial era they all seem to think we're still in.
I love Kentucky! Make it happen
Last edited by Michael; 11-20-2021 at 02:53 PM.
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