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12-27-2014, 03:48 AM
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#1
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Veteran
Join Date: Oct 2009
Posts: 25,607
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NYRA to Vegas: Pay us double
Looking like the NYRA signal in Vegas (starting on Jan 1) is a longshot at this point. NYRA wants to double the fee from approx 5-6 percent to 10-12 percent.
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12-27-2014, 06:53 AM
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#2
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Racing Form Detective
Join Date: Jul 2007
Location: Lincoln, Ne but my heart is at Santa Anita
Posts: 16,316
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I would hazard a guess that Vegas is not the only ones.
__________________
Some day in the not too distant future, horse players will betting on computer generated races over the net. Race tracks will become casinos and shopping centers. And some crooner will be belting out "there used to be a race track here".
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12-27-2014, 08:25 AM
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#3
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Registered User
Join Date: Jan 2007
Posts: 82
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It's never ending nonsense for the player. Do they realize they are ruining the game with greed?
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12-27-2014, 09:42 AM
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#4
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Registered User
Join Date: Sep 2006
Posts: 677
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Just curious if anyone can provide recent handle numbers, has the drop off continued?
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12-27-2014, 10:59 AM
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#5
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Registered User
Join Date: Apr 2006
Posts: 3,630
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I was told a long time ago that vegas charges much more to take the signal than most everyone else. was told by former GM but this was in 2006
__________________
Check out my daily horse racing podcast The BARN at www.betamerica.com/barn
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12-27-2014, 11:10 AM
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#6
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Veteran
Join Date: Mar 2009
Posts: 9,893
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Quote:
Originally Posted by Stillriledup
Looking like the NYRA signal in Vegas (starting on Jan 1) is a longshot at this point. NYRA wants to double the fee from approx 5-6 percent to 10-12 percent.
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Do you have a link for these stats? Thx
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12-27-2014, 12:03 PM
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#8
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Veteran
Join Date: Mar 2009
Posts: 9,893
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Quote:
Originally Posted by ReplayRandall
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Thank you - NYRA (and other tracks) never should have sold their signal at such bargain-basement prices to begin with, to state the obvious
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12-27-2014, 12:19 PM
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#9
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self medicated
Join Date: Mar 2012
Location: toga
Posts: 3,077
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New "Futures" wager in Vegas:
Which track entity and region receiving the signal will have the next shut down?
Vegas, NYRA even money favorite
Field, 8-5 second choice
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12-27-2014, 12:55 PM
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#10
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Out-of-town Jasper
Join Date: Nov 2009
Posts: 2,363
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Quote:
Originally Posted by grimm7
It's never ending nonsense for the player. Do they realize they are ruining the game with greed?
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Are you talking about LV's greed wanting NYRA's signal for only 5-6%, or NYRA's greed wanting 10-12%
Personally, I think 10-12% is about right for a bet taker that is not using simulcast revenue to subsidize live racing purses.
__________________
“If you want to outwit the devil, it is extremely important that you don't give him advanced notice."
~Alan Watts
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12-27-2014, 01:29 PM
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#11
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@TimeformUSfigs
Join Date: Jan 2002
Location: Moore, OK
Posts: 46,816
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Quote:
Originally Posted by therussmeister
Are you talking about LV's greed wanting NYRA's signal for only 5-6%, or NYRA's greed wanting 10-12%
Personally, I think 10-12% is about right for a bet taker that is not using simulcast revenue to subsidize live racing purses.
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If you've been getting 5-6%, and business is down, who with any sense would RAISE prices? This goes against everything taught in every business school in the world.
But, this is horse racing...
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12-27-2014, 01:46 PM
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#12
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Just another Facist
Join Date: Mar 2002
Location: Now in Houston
Posts: 52,619
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Quote:
Originally Posted by cj
If you've been getting 5-6%, and business is down, who with any sense would RAISE prices? This goes against everything taught in every business school in the world.
But, this is horse racing...
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you might even offer a cut........ but
This is horse racing............
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12-27-2014, 01:50 PM
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#13
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Veteran
Join Date: Mar 2009
Posts: 9,893
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Quote:
Originally Posted by cj
If you've been getting 5-6%, and business is down, who with any sense would RAISE prices? This goes against everything taught in every business school in the world.
But, this is horse racing...
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I understand exactly where you're coming from, but it's always bothered me that the entity "putting on the show" was paid so little for the effort. In most businesses, the OEM (i.e., the manufacturer/creator of the product) earns a richer margin than the distributor of the product.
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12-27-2014, 01:53 PM
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#14
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Veteran
Join Date: Mar 2009
Posts: 9,893
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Quote:
Originally Posted by JustRalph
you might even offer a cut........ but
This is horse racing............
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Let's say NYRA agreed with you and cut the signal price to 2.5% to Vegas casinos. What would the casinos do for their horse book customers?
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12-27-2014, 01:54 PM
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#15
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@TimeformUSfigs
Join Date: Jan 2002
Location: Moore, OK
Posts: 46,816
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Quote:
Originally Posted by Saratoga_Mike
I understand exactly where you're coming from, but it's always bothered me that the entity "putting on the show" was paid so little for the effort. In most businesses, the OEM (i.e., the manufacturer/creator of the product) earns a richer margin than the distributor of the product.
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I totally understand what they are trying to do, and I don't disagree the product was priced too low. Of course, racing is the ones that priced it at 3% to begin with so they get a lot of the blame.
It just seems an odd time to try to boost prices given that handle is in the tank. Vegas also isn't really the smartest target, they don't need racing.
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