Keeneland apparently raising takeout

[cj]

Originally Posted by AltonKelsey

Sure, but after two decades or so, there should already be some normalization, unless the ineptness of those involved is even more epic than we imagine .

They got so deep in the hole it is hard to dig out. The link posted earlier to the Bloodhorse article is from early 2008. It even mentions quotes a Youbet executive!

[thespaah]

Originally Posted by cj

It just officially hit the wire. Lets not beat up on HANA like 10 minutes into this.

I received an email from the HANA site explaining their disappointment over the increases.
This is a sharp increase in what is essentially a tax on the front end of the wager.
At this particular juncture of the history of horse racing, raising the cost to play the game is not in the best interests of anyone.
I believe this increase will adversely affect handle. Starting with the Keeneland Fall meet of 2017.

[Quesmark]

HANA's website has grown stale,the latest track ratings to compare takeout etc. are from 2014:

HANA Information Center

Resources /Track Ratings
http://www.horseplayersassociation.o...resources.html

HANA 2014 Track Ratings
http://www.horseplayersassociation.o...leratings.html

[cj]

Originally Posted by Quesmark

HANA's website has grown stale,the latest track ratings to compare takeout etc. are from 2014:

http://www.horseplayersassociation.o...7Sortable.html

http://www.horseplayersassociation.o...6Sortable.html

http://www.horseplayersassociation.o...5Sortable.html

They are right on the front page (http://www.horseplayersassociation.org/), not sure where you are looking. Hope these help.

[Zaf]

Basically 99% of my play now is at NYRA. They get it and run a first class operation. The rest seem to be clown shoes

Z

[GMB@BP]

Originally Posted by Zaf

Basically 99% of my play now is at NYRA. They get it and run a first class operation. The rest seem to be clown shoes

Z

yea, they never have risen rates

[JustRalph]

Originally Posted by Zaf

Basically 99% of my play now is at NYRA. They get it and run a first class operation. The rest seem to be clown shoes

Z

Friggin foot Doc. "clown shoes"

[kingfin66]

Originally Posted by thespaah

I received an email from the HANA site explaining their disappointment over the increases.
This is a sharp increase in what is essentially a tax on the front end of the wager.
At this particular juncture of the history of horse racing, raising the cost to play the game is not in the best interests of anyone.
I believe this increase will adversely affect handle. Starting with the Keeneland Fall meet of 2017.

At this point in the demise of racing it is hard to isolate whether a decline is just a continuation of the ongoing decline or whether it is tied to an increase in takeout. The folks who post here at PA and other sites are much more sophisticated than the average bettor in my opinion, but represent a very small percentage of the betting public. Regardless, the increase doesn't help.

[thaskalos]

Originally Posted by Zaf

Basically 99% of my play now is at NYRA. They get it and run a first class operation. The rest seem to be clown shoes

Z

It's mid-August...and, so far, this year's NYRA season has been one of the worst in the country, IMO. They might be a "first-class operation"...but they sure are putting out a "third-rate product" this year. And, if memory serves...their product LAST year sucked as well. Hardly what we expected after the stratospheric rise of the NYRA purses.

[Afleet]

Originally Posted by Andy Asaro

This is the consequence of failure to boycott Ca over the jackpot bet follies and the late announced gelding scandals. Ca was an easy jurisdiction to make a statement but HANA never stepped up.

It's all right here and there were multiple times before this that they should have stepped up.

http://www.paceadvantage.com/forum/s...boycott&page=2

I always boycott CA. I haven't made one bet @Del Mar. Last time I made a bet there was the BC.

[jms62]

Originally Posted by cj

It has already been happening. It may not be a boycott, but bettors are leaving and have been for years.

Then it has no relation to the boycott I was talking about.

[jms62]

Originally Posted by johnhannibalsmith

Probably the same reason a nationwide boycott of smack use to protest prices would never fly.

Thanks. I didnt think it was necessary to spell it out.

[lamboguy]

Originally Posted by thaskalos

It's mid-August...and, so far, this year's NYRA season has been one of the worst in the country, IMO. They might be a "first-class operation"...but they sure are putting out a "third-rate product" this year. And, if memory serves...their product LAST year sucked as well. Hardly what we expected after the stratospheric rise of the NYRA purses.

rising purses have nothing to do with good racing, if anything it hurts the product.

[jms62]

Originally Posted by lamboguy

rising purses have nothing to do with good racing, if anything it hurts the product.

How does it hurt the product? I can see how it may hurt the bettors as it leads to higher takeout but cant see how it hurts the actual races being run which is the "product" we are betting on.

[Seabiscuit@AR]

The problem with raising purses is none of the raise in purses goes to the owners

Most of the raise goes to the breeding barons who own the studs. These breeding barons will raise their stud fees as soon as the purses go up

What you then end up with is higher yearling prices which means more expensive racehorses which means an ever smaller percentage of the population can afford to buy a horse. Which means less owners and less interest in the races etc etc