Suggestion

[AltonKelsey]

Been doing all this for a very very long time



Nice ya'll are catching up





My consulting fee is outrageous anyway

[Robert Fischer]

Originally Posted by cj

Better

Touché AndyC, and CJ

[green80]

it's not the odds drop at the bell but the odds drop after they pass the wire that gets me

[thaskalos]

Originally Posted by green80

it's not the odds drop at the bell but the odds drop after they pass the wire that gets me

I've seen the odds drop as late as when the winner heads to the winners circle. Which explains why I have moved my action to Twinspires. Now, I don't see the odds drop at all. The Twinspires tote board lists the odds of the winner at 2-1...even if the odds at the host track have dropped to even money.

[classhandicapper]

I haven't been as worried about late odds drops lately. My horses never win.

[thaskalos]

Originally Posted by classhandicapper

I haven't been as worried about late odds drops lately. My horses never win.

Mine don't win lately either. And I am getting a peculiar sense of satisfaction when I think that my "well-meant" horses are burning up more bankrolls than just my own.

[Parkview_Pirate]

I don't see this issue as much of a problem, especially considering all the other aspects that need improvement in the game. And I doubt if the whales are complaining - they know how to project final odds, and wager to those numbers. It's not like you're entitled to the odds when you placed your bet - if you want that, stick to football. And the North American late odds swings are quite small when compared to the small pool swings for Australian racing - but I'm used to the 12-1 horse being cut to 7/2 during the race.

That being said, there are changes that could help. Fixed odds wagering would be one. Back when I had an IASBET account, I would take advantage of that now and then, but not as often as I first thought when I opened the account. Lowering takeout and restricting rebates to be equally applied across all bettors would be another, but any long time horseplayer isn't holding his or her breath for that.

I do hope we'll see newer technology help with this as well, as the sports betting sites pick up more handle and offer in-race betting (and hopefully fixed odds). But the economic incentive to make improvements in the horse racing game is far more dependent on major changes from the top down - race day medication, tax breaks for owners, and national rules/management to consolidate tracks and still offer a decent product are far more important steps to be taken to reverse the downward spiral we're seeing today.

[Niko]

Originally Posted by Tom

Anythings costs money and doing nothing is free

Fact is, tracks DO NOT CARE about your average player. As long as the whales are happy, you don't count.

Show up with your family, your picnic basket, and SHUT UP AND BET.

Dead serious.
If you think YOU matter at the track, you are crazy.

It's supposed to be gambling (entertainment) to support the track executives and trainers. Which has some merit but not to the extent it exists today - a personal opinion of course.

I do sympathize with the majority of owners that fund this entire operation. The Whales are just taking advantage of the greed of the track executives and exploiting their advantages.

[ubercapper]

Originally Posted by Niko

It's supposed to be gambling (entertainment) to support the track executives and trainers. Which has some merit but not to the extent it exists today - a personal opinion of course.

I do sympathize with the majority of owners that fund this entire operation. The Whales are just taking advantage of the greed of the track executives and exploiting their advantages.

Your second paragraph was echoed in this editorial by owner Kirk Robison, including these lines:


Horse owners invest the most and lose the most. Consistently. Owners leave the racing business. Who else does? Multiple sources have put it very simply–purses are about $1 billion per year in the U.S. and in the aggregate owners’ expenses are about $2 billion per year. Any questions? Mr. Gary Falter’s letter to the editor failed to mention the only possible remedy for attracting more owners. Many politicians have said “it’s the economy, stupid.” For us in racing change that to “it’s the purses, stupid.” When a business or sport (horse racing) model has expenses that are about double potential income (purses) we are in deep trouble. There is no solution to what ails this ownership issue except much, much higher purses at all levels and at all tracks. The numbers don’t lie.


https://www.thoroughbreddailynews.co...-kirk-robison/

[Gorrex]

Originally Posted by JerryBoyle

AmWager offers this through the True Odds. AFAIK, it's a formula that encompasses as much of the other pools as possible. However, showing the win implied odds from the different pools individually, rather than aggregating, is a neat idea. Guess it just competes for already precious real estate

Yes we do calculate implied odds as a weighted value which we call "TRU" odds. It uses weighted values of Live WIN, EX, DBL Pools, Past race full double pool and PK3 willpays.

The heaviest input by far is the last race Double pool.

If anyone else in the industry would like to use it or a version of it feel free to reach out. We would like to see more tools like this all around.

Have a few more things in the works I think you guys will find interesting as well.

[MJC922]

Originally Posted by ubercapper

Your second paragraph was echoed in this editorial by owner Kirk Robison, including these lines:


Horse owners invest the most and lose the most. Consistently. Owners leave the racing business. Who else does? Multiple sources have put it very simply–purses are about $1 billion per year in the U.S. and in the aggregate owners’ expenses are about $2 billion per year. Any questions? Mr. Gary Falter’s letter to the editor failed to mention the only possible remedy for attracting more owners. Many politicians have said “it’s the economy, stupid.” For us in racing change that to “it’s the purses, stupid.” When a business or sport (horse racing) model has expenses that are about double potential income (purses) we are in deep trouble. There is no solution to what ails this ownership issue except much, much higher purses at all levels and at all tracks. The numbers don’t lie.


https://www.thoroughbreddailynews.co...-kirk-robison/

With a bunch of gamblers, a full field of horses and a 15% take for the house I'm sure there's a way for a racetrack to make money. Those are the basic elements. However now it's everything else, like the way it has evolved into an industry, breeding industry, celebrity trainers, drugs, vets, everybody literally has a hand out. I'm not saying it's a bad thing that so many people have jobs but if running horses around an oval for betting purposes was ever going to be self sustaining I'm not sure we're currently looking at the very best design for it.