Canterbury to cut takeout across the board

[DeanT]

I didn't know they were a night signal. I dig those and will definitely play a few races. It's so hard for me to look at other signals on weekend days. They just seem to get lost.

[GatetoWire]

Originally Posted by Stillriledup

personally I won't be betting a penny on Canterbury because I'm not familiar w the track and don't follow it, I'm set in my ways and not going to pick up a new circuit. So you have people who don't care about lower take at CBY because they don't know the track and the current customers aren't going to bet more, if you're 20 dollar a race Bettor that's where you'll stay. This is why it's hard to see a lot of increased handle, are current customers going to bet more? No. Are new customers going to start betting a track they know nothing about? No

Also I don't see too many Canterbury shippers at the tracks I follow so spending time on them won't beget any fruits when a CBY shipper visits the tracks I regularly play.

This doesn't mean fans don't care about lower take, but people aren't going to uproot their lives and 'way of doing things' they're used to just for this.

In an all-star list of stupid posts you have made, this one has to be top 5.

Current customers will bet more because over time their bankrolls will not diminish and they will have more to bet with. Slot machines have this down to a science. Optimal takeout to keep the player engaged but winning enough to not bankrupt them too quickly.
The regulars will naturally increase their handle as they win more money on their bets.

I think you are going to be surprised at how many new people start to look at playing Canterbury because of the takeout just like they started playing Kentucky Downs.
Today's customer is more savvy than in the past and realizes they need an edge. I only play NYRA because I am a Win/Exacta player and NY offers me the best takeout. Because of this I also play some races from Keeneland and Kentucky Downs.

I had never played the races at Kentucky Downs before their takeout drop and based on their handle growth so did a lot of other people.
Now I play their cards daily when they are running.

The Canterbury meet starts on May 20th so you have plenty of time to learn about the trainer colony. They also have free replays on their site and free streaming of their live races too.

I have never played Canterbury but like Kentucky Downs....this meet fits perfectly to add into the mix.

[HuggingTheRail]

Originally Posted by EMD4ME

When Hastings dropped their takeout, I made them my B track. Emerald of course being #1.

We SHOULD go out of our way (SRU-i knew nothing about Hastings till their takeout decrease) to play them.

Stay away from ALL PA tracks. They are a disease and support CBY. I'm proud of them.

Hastings opening day handle this past Sunday was up over $300,000 from opening day last year....I thought it may have been you

[Stillriledup]

Originally Posted by GatetoWire

In an all-star list of stupid posts you have made, this one has to be top 5.

Current customers will bet more because over time their bankrolls will not diminish and they will have more to bet with. Slot machines have this down to a science. Optimal takeout to keep the player engaged but winning enough to not bankrupt them too quickly.
The regulars will naturally increase their handle as they win more money on their bets.

I think you are going to be surprised at how many new people start to look at playing Canterbury because of the takeout just like they started playing Kentucky Downs.
Today's customer is more savvy than in the past and realizes they need an edge. I only play NYRA because I am a Win/Exacta player and NY offers me the best takeout. Because of this I also play some races from Keeneland and Kentucky Downs.

I had never played the races at Kentucky Downs before their takeout drop and based on their handle growth so did a lot of other people.
Now I play their cards daily when they are running.

The Canterbury meet starts on May 20th so you have plenty of time to learn about the trainer colony. They also have free replays on their site and free streaming of their live races too.

I have never played Canterbury but like Kentucky Downs....this meet fits perfectly to add into the mix.

Why is it stupid to avoid a track I don't follow?

[Clocker]

Originally Posted by DeanT

I didn't know they were a night signal. I dig those and will definitely play a few races. It's so hard for me to look at other signals on weekend days. They just seem to get lost.

Canterbury runs 4 days a week. Nights on Thur-Fri, afternoons on Sat-Sun.

[Zydeco]

Originally Posted by cj

You could apply for a track executive position with this thinking. Or, run a horsemen's group!

Lol CJ....

[Oracle]

At the new takeout rates and projected field sizes, not playing Canterbury Park is a missed opportunity to find some good wagering opportunities. Last year, favorites won only 34% of the thoroughbred races, below the national average by 3 percentage points. Racing quality has been increasing each year since the purse agreement.

Turf and dirt racing offered, time to get involved.

[GatetoWire]

Originally Posted by Stillriledup

Why is it stupid to avoid a track I don't follow?

That part wasn't stupid. That was just your preference.

This part was stupid

"So you have people who don't care about lower take at CBY because they don't know the track and the current customers aren't going to bet more, if you're 20 dollar a race Bettor that's where you'll stay. This is why it's hard to see a lot of increased handle, are current customers going to bet more? No. Are new customers going to start betting a track they know nothing about? No


This doesn't mean fans don't care about lower take, but people aren't going to uproot their lives and 'way of doing things' they're used to just for this."

Take a look at what happened at Kentucky Downs and the other examples that Jeff listed.
Handle has increased at these tracks. Why? Because people already betting will bet more and the low takeout will attract new people to bet Kentucky Downs and Canterbury.
What you said just simply isn't true.

[Stillriledup]

Originally Posted by GatetoWire

That part wasn't stupid. That was just your preference.

This part was stupid

"So you have people who don't care about lower take at CBY because they don't know the track and the current customers aren't going to bet more, if you're 20 dollar a race Bettor that's where you'll stay. This is why it's hard to see a lot of increased handle, are current customers going to bet more? No. Are new customers going to start betting a track they know nothing about? No


This doesn't mean fans don't care about lower take, but people aren't going to uproot their lives and 'way of doing things' they're used to just for this."

Take a look at what happened at Kentucky Downs and the other examples that Jeff listed.
Handle has increased at these tracks. Why? Because people already betting will bet more and the low takeout will attract new people to bet Kentucky Downs and Canterbury.
What you said just simply isn't true.

Canterbury is it's own little world, that ky downs track was chock full of shippers from tracks people follow, I bet ky downs due to having a clue about the horses and jocks. My point was that people aren't going to raise their bets just due to the knowledge of a lower rake, if people are betting more it's due to them having more, but they can have more if they do well (even if the takeout doesn't change)

[jballscalls]

I had the VP of Racing from Canterbury on my show this morning to talk about the takeout reduction and racing from CP. If anyone is interested here's the link, interview starts about 2:30 in.

https://www.betamerica.com/extra/barn-episode-41916/

[DeanT]

Originally Posted by Clocker

Canterbury runs 4 days a week. Nights on Thur-Fri, afternoons on Sat-Sun.

Thanks. I'll try 2 of 4.

[DeanT]

Originally Posted by jballscalls

I had the VP of Racing from Canterbury on my show this morning to talk about the takeout reduction and racing from CP. If anyone is interested here's the link, interview starts about 2:30 in.

https://www.betamerica.com/extra/barn-episode-41916/

Good job J.

[pandy]

I've never followed Canterbury, I will this year. I'll try to post some free picks on my website.

[bello]

Lots of good buzz already with the interviews and the press. Looks like we are still a month away from opening day. Let's get the same buzz as we get closer to the opener. Horseplayers have short memories. At least this one does.

[Track Collector]

Originally Posted by Stillriledup

My point was that people aren't going to raise their bets just due to the knowledge of a lower rake, if people are betting more it's due to them having more, but they can have more if they do well (even if the takeout doesn't change)

It is irrelevant whether or not folks make a conscious decision to bet more because a track's choice to lower takeout. Studies emphatically show they DO bet more money.

If it is your belief that a person who wins and then chooses to wager more will also be one source where a track's handle is increased, that belief is not correct. Why is that so? It is because winners do so at the expense of losers, and to some degree, to the expense of fellow winners, whose payouts get diluted/lowered a little bit. The corresponding action of winners betting more (because they have more) is that losers will bet less (because they HAVE less), thus making it a wash with regard to track handle over the long term.