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View Poll Results: Is a 22.68% takeout on two horse bets in California a crime?
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Absolutely!
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40 |
88.89% |
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Not at all. It's a fair takeout rate!
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11.11% |
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12-28-2011, 05:30 PM
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#1
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Veteran
Join Date: Apr 2009
Posts: 9,908
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NYRA Lowers Takeout so what about California? Is 22.68% on two horse bets a crime?
I think this mistake will help the industry as a whole and help put pressure on California Racing. Let's hope California wakes up. Keith Brackpool and the TOC are preventing the Tracks from competing for Customers.
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12-28-2011, 05:34 PM
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#2
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Veteran
Join Date: Apr 2009
Posts: 9,908
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12-28-2011, 05:37 PM
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#3
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Veteran
Join Date: Apr 2009
Posts: 9,908
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Tell the TOC that they need to stop ripping off their Customers.
No vulgar emails please.
Contact Us: TOC Emails
http://www.toconline.com/contact/email.php
Last edited by andymays; 12-28-2011 at 05:38 PM.
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12-28-2011, 06:46 PM
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#4
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Veteran
Join Date: Apr 2009
Posts: 9,908
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By the way I used the word "crime" because of Bill Finleys article earlier in the year.
Bill Finley: Why California will get away with this crime - ESPN
http://sports.espn.go.com/sports/hor...ill&id=5551276
Excerpt:
Horseplayers are stupid.
That's what they are counting on in California, where the California Horse Racing Board is about to push through an exorbitant increase in takeout. Starting Dec. 26, the take on trifectas, superfectas, Pick Threes and Pick Fours is going up to 23.68 percent. Exactas and daily doubles are going to go up to 22.68 percent, which will be the highest takeout rate on such bets among any major racing jurisdiction. Only the irrelevant racing states of Massachusetts, Colorado and Minnesota will have a higher take on the doubles and exactas.
The day after Christmas, they're going to start robbing you blind. And they're going to get away with it … because horseplayers, as a lot, are, indeed, stupid.
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12-28-2011, 08:41 PM
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#5
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Registered User
Join Date: Jan 2008
Location: Cincinnati,Ohio
Posts: 5,289
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I had to stop betting Ohio because of this.I just go there now,bet other tracks,eat ice creams,and watch the horsies frolic!
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12-28-2011, 09:38 PM
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#6
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Veteran
Join Date: Apr 2009
Posts: 9,908
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http://blog.horseplayersassociation.org/
Excerpt:
Wednesday, December 28, 2011
A Tale of Two Cities
"IT WAS the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair, we had everything before us, we had nothing before us, we were all going direct to Heaven, we were all going direct the other way- in short, the period was so far like the present period, that some of its noisiest authorities insisted on its being received, for good or for evil, in the superlative degree of comparison only."
The above quote is from the novel A Tale of Two Cities by Charles Dickens, published 1859.
I thought it might be nice to present you the horseplayer with a contrast of two cities (racing jurisdictions) this Holiday Season.
CAL Racing
Monday was opening day at Santa Anita. Despite perfect weather and Monday being a Federal Holiday, all sources handle was up just 7% vs. opening day the year before. By way of contrast, all sources handle for last year's 2010 opening day card was down 21% when compared to the opening day card for 2009 - largely because of bad publicity resulting from news of the takeout increase masterminded by the TOC and the CHRB.
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12-29-2011, 12:28 PM
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#7
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Registered User
Join Date: Jan 2006
Posts: 28,569
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I doubt that this incident will motivate California to reduce their own takeouts.
After all...New York's takeout reduction was spurred by the "mistake" they made; California hasn't made that sort of mistake...yet. 
__________________
"Theory is knowledge that doesn't work. Practice is when everything works and you don't know why."
-- Hermann Hesse
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12-29-2011, 12:30 PM
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#8
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Veteran
Join Date: Apr 2009
Posts: 9,908
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Quote:
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Originally Posted by thaskalos
I doubt that this incident will motivate California to reduce their own takeouts.
After all...New York's takeout reduction was spurred by the "mistake" they made; California hasn't made that sort of mistake...yet. |
Do me a favor and send an email to the TOC. It helps. 
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12-29-2011, 12:35 PM
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#9
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Registered User
Join Date: Jul 2001
Posts: 2,184
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>Is 22.68% on two horse bets a crime?
Criminally insane is more how I see it.
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12-29-2011, 12:43 PM
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#10
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Registered User
Join Date: Jan 2006
Posts: 28,569
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Quote:
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Originally Posted by andymays
Do me a favor and send an email to the TOC. It helps. |
I would sent the TOC an email Andy...but, since they are not my favorite people, I am afraid I might offend.
I'm not the nicest guy when I am riled up.
__________________
"Theory is knowledge that doesn't work. Practice is when everything works and you don't know why."
-- Hermann Hesse
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12-29-2011, 12:46 PM
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#11
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Registered User
Join Date: Jul 2001
Posts: 2,184
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I can’t help but wonder who the 4 are that think that’s a fair takeout rate? Former O.J. jury members maybe?
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12-29-2011, 01:46 PM
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#12
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Veteran
Join Date: Apr 2009
Posts: 9,908
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Quote:
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Originally Posted by takeout
I can’t help but wonder who the 4 are that think that’s a fair takeout rate? Former O.J. jury members maybe?
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Contrarians just for the hell of it. 
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12-29-2011, 05:00 PM
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#13
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Veteran
Join Date: Nov 2005
Posts: 5,138
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Quote:
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Originally Posted by andymays
http://blog.horseplayersassociation.org/
Excerpt:
CAL Racing
Monday was opening day at Santa Anita. Despite perfect weather and Monday being a Federal Holiday, all sources handle was up just 7% vs. opening day the year before. By way of contrast, all sources handle for last year's 2010 opening day card was down 21% when compared to the opening day card for 2009 - largely because of bad publicity resulting from news of the takeout increase masterminded by the TOC and the CHRB.
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What about the impact of the selective rebates allegedly offered to high-volume players through Xpressbet? Were they in effect at the time? Would that account for 7% or more of handle?
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12-29-2011, 05:09 PM
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#14
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Veteran
Join Date: Apr 2009
Posts: 9,908
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Quote:
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Originally Posted by Indulto
What about the impact of the selective rebates allegedly offered to high-volume players through Xpressbet? Were they in effect at the time? Would that account for 7% or more of handle?
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Nobody knows.
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12-29-2011, 05:14 PM
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#15
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Veteran
Join Date: Nov 2005
Posts: 5,138
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Quote:
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Originally Posted by andymays
Nobody knows.
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Is that the answer to each of the questions or only the last?
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