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Poll: To Compete with Sports Betting must lower takeout/breakage on higher churn wagers?
This poll will close on 08-21-2019 at 03:07 PM
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To Compete with Sports Betting must lower takeout/breakage on higher churn wagers?

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Old 08-21-2018, 03:04 PM   #1
Andy Asaro
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Neilsen Sports Research says Racing better get its act together with competitive odds



There’s a way to do this but the Industry should have gotten started yesterday. Love to see California lead by lowering the takeout and breakage on higher churn wagers.
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Old 08-21-2018, 03:40 PM   #2
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Originally Posted by Andy Asaro View Post
https://twitter.com/racetrackandy/st...62327237582848


There’s a way to do this but the Industry should have gotten started yesterday. Love to see California lead by lowering the takeout and breakage on higher churn wagers.
What does "higher churn wagers" mean?

Does this mean bigger bets or bigger bettors?
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Old 08-21-2018, 03:44 PM   #3
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What does "higher churn wagers" mean?

Does this mean bigger bets or bigger bettors?
Higher churn wagers are the straight pools, then exactas/doubles, etc.
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Old 08-21-2018, 04:32 PM   #4
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Higher churn wagers are the straight pools, then exactas/doubles, etc.
Ah. Thanks.


What's not to agree with?
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Old 08-21-2018, 04:52 PM   #5
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Nationalized fixed odds straight pool wagering for horse racing is the answer.
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Old 08-21-2018, 05:29 PM   #6
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Old 08-21-2018, 08:54 PM   #7
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out of 13 votes only 1 vote for:

No, things are where they should be.

How could anyone think 25% takeout is 'where things should be'






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Old 08-21-2018, 09:49 PM   #8
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Excerpt:

“The actual effective takeout rate is far higher than what’s even being reported,” Cummings said. "That 17.3 percent – that’s the average published takeout rate – doesn’t really factor in elements like breakage, which is something that we’re really quite keen on and talking about and really educating the public.”

While takeout is the percent of money a racetrack retains from pari-mutuel pools for race purses, taxes or operating expenses, breakage is the pennies retained by a racetrack or state after a pari-mutuel payoff is rounded down to nickels or dimes.
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Old 08-21-2018, 11:16 PM   #9
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I’ve never understood why us players do not boycott or join and Lobby to get rid of breakage. It’s theft in my opinion and it adds up fast. Just ridiculous how they gouge their customers.
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Old 08-22-2018, 04:09 AM   #10
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out of 13 votes only 1 vote for:

No, things are where they should be.

How could anyone think 25% takeout is 'where things should be'






Maybe PA let LoneF come back.
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Old 08-22-2018, 05:56 AM   #11
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I’ve never understood why us players do not boycott or join and Lobby to get rid of breakage. It’s theft in my opinion and it adds up fast. Just ridiculous how they gouge their customers.
IF it were going to race horse retirement / rehoming or injured/paralyzed jockey or exercise rider fund, I could live with it.

Unfortunately, it's not. Yeah, it's theft.
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Old 08-22-2018, 08:38 AM   #12
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Breakage doesn’t move a 17.3% take to 25% though... not unless you’re rounding $8.09 down to $5.00
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Old 08-22-2018, 10:13 AM   #13
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I heard the stock market was taking a look at the Horse Racing breakage model. Then all the pr*cks who don't want to change it to a penny would get it.
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Old 08-22-2018, 03:07 PM   #14
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A Modest Proposal

FIELD SIZE APPROPRIATE MEASURES
<5 horses = cancellation, rescheduled race to a later date
=5 horses = 10% Takeout WPS
=6 horses = 12% Takeout WPS
=7 horses = 14% Takeout WPS
≥8 horses = 16% Takeout WPS (capped/ceiling)
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Old 08-22-2018, 10:15 PM   #15
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Originally Posted by Robert Fischer View Post
FIELD SIZE APPROPRIATE MEASURES
<5 horses = cancellation, rescheduled race to a later date
=5 horses = 10% Takeout WPS
=6 horses = 12% Takeout WPS
=7 horses = 14% Takeout WPS
≥8 horses = 16% Takeout WPS (capped/ceiling)
I really like this idea.
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