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07-01-2021, 05:46 PM
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#211
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self medicated
Join Date: Mar 2012
Location: toga
Posts: 3,088
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Its going to go the way most big business models go in this country. The biggest and strongest will take over when the weaker fail. Like the Spectrums, Wal Marts and Amazons of the world. or in sports talk, the MLB, NHL, NBA and NFL. If it gets bad enough out of necessity they may form one Federation. That's the thing all of these tracks have been fighting against for years. If they had organized and split up racing space (calendar) and had separate divisions horse racing may have fared better. Baseball has the summer , minor leagues and it does well. If the cheaper horses were spread around like they used to do at fairs. Younger people are exposed and introduced to racing. Maybe families start showing up too. It will survive the handle is still big. The biggest City centers will race and Kentucky. Mid West, Arkansas and some other one or two. Florida, NY and California if they (CA) survive the politics of it and the scandals. Someone said this thread is 7 years old this has been coming for triple that. Gambling and deregulation started with the numbers. Racing should of took notice back then. Cause theres been a trend....numbers, casinos.....now sports. Theres only so many people that bet and they only have what they can. So you better offer something good cause the betting dollar is getting sliced and diced. People like us like the game and the challenge but that number is decreasing so its only close to headlines on the biggest days.
You can already see some are closing and a few others are barely holding on. Some are even taking the chance of suicide by changing rules at the absolute worst time.
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07-02-2021, 02:26 PM
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#212
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Registered User
Join Date: Sep 2006
Posts: 510
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Parimutuel Horse racing in America has had plenty of time to right the ship. Many have tried and moved on. Contraction will be all the way back to Fair type racing and Ranch Riverbed Races. Horse racing as we know it is on the old 'Exit Stage Left". Too Bad .
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07-06-2021, 03:55 PM
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#213
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Registered User
Join Date: Dec 2009
Posts: 997
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Fairmount (FanDuel) today - 7 races, 33 horses running after scratches
Pleasanton on Friday has 40 horses entered for 7 races
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07-07-2021, 03:18 PM
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#214
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Registered User
Join Date: Jan 2015
Location: Beaverdam Virginia
Posts: 12,716
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Quote:
Originally Posted by ReplayRandall
The 80's to mid 90's were the best from my perspective....
I started this thread almost 7 years ago and this problem had been brewing since then AND the preceding decade before that.....10 Super-hub tracks when it's fully contracted, hopefully operating with the Hong Kong model.
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I would tend to agree. I first was taken to the track by my step-dad in 1975.
I lived in California and the wagering menu was way behind what was offered at mid west and east coast tracks. I wasn't till the Pick Six came about did you get all the wagering options they had elsewhere. They didn't even have OTBs till the mid 80's. Two things bummed me out in the early 90's Beyer selling his figures to the Racing Form and the closing of Agua Caliente for thoroughbred racing. Caliente was just a fun place to attend and they had sports betting. Very small pools, so you weren't going to hit it big betting the ponies there.
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07-07-2021, 03:30 PM
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#215
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Registered User
Join Date: Jan 2010
Location: NJ/MD
Posts: 1,185
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Seeing this thread, which started in 2014, pop up now is funny.
Handle in first half of 2014: $5.509 billion
Handle in first half of 2021: $6.19 billion
That's an increase of about 12.3%.
__________________
I'm on twitter: @theyreoff
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07-07-2021, 03:54 PM
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#216
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Registered User
Join Date: Jan 2015
Location: Beaverdam Virginia
Posts: 12,716
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Quote:
Originally Posted by andtheyreoff
Seeing this thread, which started in 2014, pop up now is funny.
Handle in first half of 2014: $5.509 billion
Handle in first half of 2021: $6.19 billion
That's an increase of about 12.3%.
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Is it proper to adjust for inflation? Inflation calculators list inflation for that time period at 13.7%. So the handle increase did not keep up with inflation. Of course a lot of things can effect handle that have nothing to do with enthusiasm for the sport or lack there of.
Last edited by Inner Dirt; 07-07-2021 at 03:56 PM.
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07-09-2021, 05:31 PM
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#217
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Registered User
Join Date: Jan 2015
Location: Bismarck, ND
Posts: 1,631
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Quote:
Originally Posted by Inner Dirt
Is it proper to adjust for inflation? Inflation calculators list inflation for that time period at 13.7%. So the handle increase did not keep up with inflation. Of course a lot of things can effect handle that have nothing to do with enthusiasm for the sport or lack there of.
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Yep. Meanwhile on track handle is about one-third of what it was in the mid 1990s while total handle is nearly on par. If we exclude 2020 for COVID then on track handle is down 22% since 2014. It's probably a safe assumption attendance drop is about the same. That's a lot less money from parking, admission, programs, beer, etc.
Last edited by f2tornado; 07-09-2021 at 05:32 PM.
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07-09-2021, 05:34 PM
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#218
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@TimeformUSfigs
Join Date: Jan 2002
Location: Moore, OK
Posts: 46,828
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Quote:
Originally Posted by andtheyreoff
Seeing this thread, which started in 2014, pop up now is funny.
Handle in first half of 2014: $5.509 billion
Handle in first half of 2021: $6.19 billion
That's an increase of about 12.3%.
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Handle in 2014:was a lot different than 2021 CRW fueled handle..
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07-09-2021, 07:02 PM
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#219
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Registered User
Join Date: Jan 2015
Location: Beaverdam Virginia
Posts: 12,716
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Quote:
Originally Posted by cj
Handle in 2014:was a lot different than 2021 CRW fueled handle..
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I am acronym challenged, what does CRW stand for?
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07-09-2021, 08:46 PM
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#220
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Registered User
Join Date: Feb 2010
Location: St. Louis suburb
Posts: 1,761
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Quote:
Originally Posted by Inner Dirt
I am acronym challenged, what does CRW stand for?
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Computer Robotic Wagering.
__________________
"I like to come here (Saratoga) every year to visit my money." ---Joe E. Lewis
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07-09-2021, 09:56 PM
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#221
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Registered User
Join Date: Feb 2003
Location: Dark Side of the Moon
Posts: 5,870
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Quote:
Originally Posted by dilanesp
Also, on a more airy level, I think that if the Kentucky racetracks ever faced an extinction-level threat, the state would come in and subsidize it. It's too important to the state's economy and culture.
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wonder how well the industry in KY would hold him if say another 10-20 tracks fold including California.
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07-09-2021, 10:00 PM
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#222
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Buckle Up
Join Date: Apr 2014
Posts: 10,614
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Quote:
Originally Posted by GMB@BP
wonder how well the industry in KY would hold him if say another 10-20 tracks fold including California.
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I'm looking forward to finding out.....Contraction is GOOD.
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07-09-2021, 10:12 PM
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#223
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Registered User
Join Date: Feb 2003
Location: Dark Side of the Moon
Posts: 5,870
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Quote:
Originally Posted by ReplayRandall
I'm looking forward to finding out.....Contraction is GOOD.
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not if you are selling horses
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07-09-2021, 10:15 PM
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#224
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Just another Facist
Join Date: Mar 2002
Location: Now in Houston
Posts: 52,808
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Quote:
Originally Posted by ReplayRandall
I'm looking forward to finding out.....Contraction is GOOD.
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Amen!
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07-09-2021, 11:00 PM
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#225
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Registered User
Join Date: Apr 2019
Posts: 518
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Contraction isn’t going to make owners want to watch their horses run on tv, they will leave the game
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