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View Poll Results: Will Brick and Mortar only sports betting help horse racing?
If Brick and Mortar Only for 2 years it will help horse racing. 12 52.17%
If NOT Brick and mortar only it will hurt horse racing. 11 47.83%
Voters: 23. This poll is closed

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Old 05-14-2018, 10:46 AM   #1
Andy Asaro
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Sports Betting Poll. How can it help racing? Brick and Mortar only for 2 years?

It would have to be brick and mortar only for a couple years to benefit horse racing. Think Casino's, Tracks/OTB's would support that. If not racing loses IMO

Last edited by Andy Asaro; 05-14-2018 at 10:48 AM.
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Old 05-14-2018, 11:16 AM   #2
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Old 05-14-2018, 11:31 AM   #3
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Its just a matter of time when Monmouth has locked up the brick and mortar business along with the internet money.

Its just a matter of time.

Allan
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Old 05-14-2018, 12:00 PM   #4
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Will the state dictate what the takeout will be...or will this all-important matter be left up to the individual betting institutions? Because if setting the takeout for the track-operated sports bets is left up to the horsemen...then the future of this new gambling venture will be darker than even I could envision.
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Old 05-14-2018, 12:02 PM   #5
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Quote:
Originally Posted by Andy Asaro View Post
It would have to be brick and mortar only for a couple years to benefit horse racing. Think Casino's, Tracks/OTB's would support that. If not racing loses IMO
I would have voted for a third option - it won't make any difference. I'm of the opinion that vast majority, 90+ percent, of sports bettors that go to a brick and mortar shop OR wager online will never bet the ponies anyway.

The way racing is marketed and regulated in this country today is not helping to grow the handle, and any law requiring brick and mortar shops, a portion of the handle to go to racing, sports betting at the track only, sports betting managed by the horse racing commissions, etc., will only hurt racing's image that much more. Racing must standalone, or at least appear to stand alone, to survive. Otherwise it's just a parasite.

The racinos have provided an example of how NOT to expand gaming, and the interests behind sports betting will be avoiding the millstone of the ponies if at all possible.
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Old 05-14-2018, 12:02 PM   #6
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Old 05-14-2018, 12:03 PM   #7
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Quote:
Originally Posted by thaskalos View Post
Will the state dictate what the takeout will be...or will this all-important matter be left up to the individual betting institutions? Because if setting the takeout for the track-operated sports bets is left up to the horsemen...then the future of this new gambling venture will be darker than even I could envision.
Will Hill is in charge at Monmouth

will hill runs the show.

will hill stock up 10%

https://www.bloomberg.com/quote/WMH:LN

Allan
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Old 05-14-2018, 12:07 PM   #8
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The fact is the hold on sports betting is fairly low. Corporate casinos tolerate them because they bring in foot traffic but they would prefer the space be dedicated to slot machines. In the short run sports betting can be a loser for the house. Little Caesars in Vegas closed a whole ago.

It can marginally help NJ racing by bringing in younger people plus people from neaeby states that want to wager on spirts. Some of these people will bet on horses which as we know has a very high house hold.
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Old 05-14-2018, 12:09 PM   #9
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Quote:
Originally Posted by biggestal99 View Post
Will Hill is in charge at Monmouth

will hill runs the show.

will hill stock up 10%

https://www.bloomberg.com/quote/WMH:LN

Allan
William Hill may set the odds and handle the action...but this doesn't mean that they'll get to decide on what the takeout will be. My money says that the horsemen won't go along with sports-betting's lower takeout...because it will cast a negative light on the much higher takeout of their game of choice. And, what happens then?
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Old 05-14-2018, 12:12 PM   #10
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Originally Posted by thaskalos View Post
William Hill may set the odds and handle the action...but this doesn't mean that they'll get to decide on what the takeout will be. My money says that the horsemen won't go along with sports-betting's lower takeout...because it will cast a negative light on the much higher takeout of their game of choice. And, what happens then?
Well now we get to find out. The Supreme Court clears the way for states to legalize sports betting today.
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Old 05-14-2018, 12:19 PM   #11
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Quote:
Originally Posted by thaskalos View Post
William Hill may set the odds and handle the action...but this doesn't mean that they'll get to decide on what the takeout will be. My money says that the horsemen won't go along with sports-betting's lower takeout...because it will cast a negative light on the much higher takeout of their game of choice. And, what happens then?

why would the horsemen raise the takeout past the casinos which are the competition?

Its a dog eat dog world out there in sports betting.

Allan
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Old 05-14-2018, 12:32 PM   #12
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Originally Posted by thaskalos View Post
Will the state dictate what the takeout will be...or will this all-important matter be left up to the individual betting institutions? Because if setting the takeout for the track-operated sports bets is left up to the horsemen...then the future of this new gambling venture will be darker than even I could envision.
My guess is that Tracks will charger more juice than Casino's. Can't wait to read about all the infighting over who will charge what?
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Old 05-14-2018, 12:35 PM   #13
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Quote:
Originally Posted by RunForTheRoses View Post
The fact is the hold on sports betting is fairly low. Corporate casinos tolerate them because they bring in foot traffic but they would prefer the space be dedicated to slot machines. In the short run sports betting can be a loser for the house. Little Caesars in Vegas closed a whole ago.

It can marginally help NJ racing by bringing in younger people plus people from neaeby states that want to wager on spirts. Some of these people will bet on horses which as we know has a very high house hold.
Will Hill figures for Nevada for 2017

Money bet $1,152,700,000
Money won 72,900,000
Hold rate 6.3%

https://www.williamhillplc.com/media...-23-feb-18.pdf

Page 13 of 2017 annual report.

Allan
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Old 05-14-2018, 12:44 PM   #14
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My guess is that Tracks will charger more juice than Casino's. Can't wait to read about all the infighting over who will charge what?
Untrue. Both racetracks and casinos in NJ will be under the same supervision and once the “official” state tax is decided on we will know the States take! Right now a proposal for an integrity fee by NJ lawmakers and not the sports leagues would require a payment of the lesser of 7.5 million or 2.5% of the sports revenue whichever is lower.
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Old 05-14-2018, 12:46 PM   #15
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Untrue. Both racetracks and casinos in NJ will be under the same supervision and once the “official” state tax is decided on we will know the States take! Right now a proposal for an integrity fee by NJ lawmakers and not the sports leagues would require a payment of the lesser of 7.5 million or 2.5% of the sports revenue whichever is lower.
How do you know it's untrue in Ca. ? Anything can happen hear and it's usually not in the best interest of the Customer.
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