Monmouth Racing dates to be settled Friday (maybe)

[Bluto Blutarsky]

Goren says-
"I hope they call the NJTHA's bluff. Let them try to find someplace outside of NJ where those NJ breds can win."

I'm pretty sure NJ breds made significantly more money in open company races last year as compared to say- Nebraska breds.

The NJTHA will back off on their demand to run 141 days.
Even Forbes isn't that stupid.
There will not be a 5 day race schedule- that would be suicide. Forbes and the horsemen know it.

[onefast99]

Originally Posted by Bluto Blutarsky

Goren says-
"I hope they call the NJTHA's bluff. Let them try to find someplace outside of NJ where those NJ breds can win."

I'm pretty sure NJ breds made significantly more money in open company races last year as compared to say- Nebraska breds.

The NJTHA will back off on their demand to run 141 days.
Even Forbes isn't that stupid.
There will not be a 5 day race schedule- that would be suicide. Forbes and the horsemen know it.

Fasten your seat belts everyone, I think it will come down to Stronach versus Brunetti, winner takes it all.

[onefast99]

Originally Posted by The_Knight_Sky

Monmouth Dates Request on Regulators' Agenda
by Tom DeMartini

The latest rumor has Monmouth running 80 days for about $400,000 a day
in purses, though the New Jersey Thoroughbred Horsemen’s Association
must sign off on any reduction in dates.

New Jersey THA president John Forbes said a reduction of dates
was “non-negotiable” unless purses are at or near 2010 levels.

The total purse amount per day is a very significant part of the deal for the new suitor. They will need to make sure that the losses from the track operation can be made up with the OTW revenue stream as well as the internet betting. Once the new lessee is in look for a lot of waste being cut out as it seems there is plenty.

[Bluto Blutarsky]

The quote of the week comes from the Monmouth Park RFP meeting-

Little Silver NJ resident and Hialeah Park owner John Brunetti said,
" I expect to prevail in the current auction. I didn't come here to lose."

FYI- Brunetti owns NJ breds. He does not own a Nebraska bred.

[ronsmac]

Originally Posted by Robert Goren

Even you think the meet didn't lose money after discounting the 30 million from the casinos, you are still going have to tweak that 30 million. That is a lot of tweaking.
If you want more gamblers, you need to give them a better deal. The takeout rates in NJ are way too high. 17% for WPS compared places like NYRA and CD's 16% and California's 15.4%. Not once have I seen anything written about the NJTHA wanting to address that problem.

They have a better takeout on exacta's pick 4's and pick 5's than So Cal. With the 6 horse fields u get in Socal there is no chance of an overlay unless the take was closer to 5% on wps. Plus the Socal bettor is a little more sophisticated . Churchills Tri and Pick 3 takeout is decent. Monmouth needs lower take on tri's and pick 3's.

[BIG49010]

Originally Posted by ronsmac

They have a better takeout on exacta's pick 4's and pick 5's than So Cal. With the 6 horse fields u get in Socal there is no chance of an overlay unless the take was closer to 5% on wps. Plus the Socal bettor is a little more sophisticated . Churchills Tri and Pick 3 takeout is decent. Monmouth needs lower take on tri's and pick 3's.

If that criminal Brunetti gets the track, he was king of the high takeout, he'll kill racing in NJ.

[onefast99]

Originally Posted by BIG49010

If that criminal Brunetti gets the track, he was king of the high takeout, he'll kill racing in NJ.

Without someone like him taking a shot at making it work it will die a slow death in the hands of the NJSEA.

[ronsmac]

Originally Posted by Robert Goren

It was a disaster when you compared costs to revenues from the racing operation. I do agree that a 5 day a week schedule is a very bad idea at this time.

I'm a bettor, not a racetrack operator. From a betting perspective it was a huge success.

[The_Knight_Sky]

Originally Posted by onefast99

Without someone like him taking a shot at making it work
it will die a slow death in the hands of the NJSEA.

I'm not sure about that. It's the business philosophy that has failed both the NJSEA and Brunetti in the past. If it was focused on the horse racing product itself they'd both be alive in horse racing. Instead they're both gasping for air.

Originally Posted by ronsmac

Monmouth needs lower take on tri's and pick 3's.

Agreed.
The trifecta pools were underperforming compared to the other wagering pools last summer. Clearly the Tri takeout is prohibitive and must be corrected.