Greed is good?

[Augenj]

Churchill once again bumping up their take from Nevada casinos. 10.25% during the Derby weekend. Wow.

https://www.espn.com/chalk/story/_/i...utuel-wagering

Prior to the dispute, which began several months ago, Churchill Downs was charging Nevada sportsbooks roughly 4.5% of every wager placed on races held during its spring meet. According to sources familiar with the negotiations, Churchill Downs is now asking for around 5.5% of the money wagered at Nevada books and around 10.25% during Derby weekend.

[The_Turf_Monster]

Greed? Churchill has the leverage here, let the casinos explain to their customers that they can’t bet the Derby in the mutuel pools on Saturday because they don’t want to pay to offer it to their customers. Churchill, Pimlico, and Belmont should be getting as much of the rake as possible from the triple crown weekends

[Augenj]

Originally Posted by The_Turf_Monster

Greed? Churchill has the leverage here, let the casinos explain to their customers that they can’t bet the Derby in the mutuel pools on Saturday because they don’t want to pay to offer it to their customers. Churchill, Pimlico, and Belmont should be getting as much of the rake as possible from the triple crown weekends

I respect your opinion but disagree. In this case, Churchill wants too much. In Nevada, we'll probably go back to the old days in the 70's where the casinos handle the pools with all that entails, i.e., limits here and limits there on wagering. It's greed whether you want to blame Churchill or the casinos. The bettors get caught in the middle.

[tbwinner]

No one is in Vegas anyways.

CDI is the master of greed though!

[Augenj]

Originally Posted by tbwinner

No one is in Vegas anyways.

CDI is the master of greed though!

I'm sure you're talking about visitors to Las Vegas. However no bettor living here is allowed to bet outside Nevada unless they want to do it illegally under the radar. How many are there? Only CDI will know if they lose our bets. This has always been settled in the past after the loss of a few race days as the casinos and CDI plays chicken with each other. I'm tired of it.

[lefty359]

Originally Posted by Augenj

I'm sure you're talking about visitors to Las Vegas. However no bettor living here is allowed to bet outside Nevada unless they want to do it illegally under the radar. How many are there? Only CDI will know if they lose our bets. This has always been settled in the past after the loss of a few race days as the casinos and CDI plays chicken with each other. I'm tired of it.

I live in Vegas, and even if casinos go back to the old way of betting by booking it themselves, I'm not having anything to do with the Derby this yr. Plenty of other races to bet.

[dilanesp]

If I ran Churchill I would set the takeout on the Derby as high as possible. When you have races that gamblers are clamoring to bet, that's where you take your profit. Same reason Uber surge prices on New Year's Eve.

OTOH, takeout on a Maiden race on a typical Thursday ought to be 4 percent or something.

[Tom]

CD holding it's signal exclusively to NBC - good for them (greed) bad for the game and its customers.

I will not make any bets at CD period.
Screw CD and it's Derby.

Dumb-ass people should have run it in MAY when it was supposed to run and not screw up the entire year for the whole industry.

I can live without the Derby. Pro Wrestling comes on at 5:30 Saturday - I'll be watching that.

[dilanesp]

Originally Posted by Tom

CD holding it's signal exclusively to NBC - good for them (greed) bad for the game and its customers.

I will not make any bets at CD period.
Screw CD and it's Derby.

Dumb-ass people should have run it in MAY when it was supposed to run and not screw up the entire year for the whole industry.

I can live without the Derby. Pro Wrestling comes on at 5:30 Saturday - I'll be watching that.

I don't know anything about their current deal with Churchill, but I do know that NBC has sometimes had deals in the past that prohibit broadcast of the track feed. Obviously this is very desirable to NBC- they want people watching their feed, with their commercials.

If NBC insists on that, Churchill has to adhere to it. No racetrack is going to refuse NBC's conditions, especially in a pandemic where every dollar is crucial.

[spiketoo]

Unless of course you're the ADW owned by the company that also owns the track. YOU can show the track feed. Everybody else including RTN, go pound sand.