Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board

Go Back   Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board > Thoroughbred Horse Racing Discussion > General Racing Discussion


Reply
 
Thread Tools Rating: Thread Rating: 6 votes, 5.00 average.
Old 12-27-2014, 03:48 AM   #1
Stillriledup
Veteran
 
Join Date: Oct 2009
Posts: 25,607
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.
Stillriledup is offline   Reply With Quote Reply
Old 12-27-2014, 06:53 AM   #2
Robert Goren
Racing Form Detective
 
Robert Goren's Avatar
 
Join Date: Jul 2007
Location: Lincoln, Ne but my heart is at Santa Anita
Posts: 16,316
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".
Robert Goren is offline   Reply With Quote Reply
Old 12-27-2014, 08:25 AM   #3
grimm7
Registered User
 
Join Date: Jan 2007
Posts: 82
It's never ending nonsense for the player. Do they realize they are ruining the game with greed?
grimm7 is offline   Reply With Quote Reply
Old 12-27-2014, 09:42 AM   #4
alydar
Registered User
 
alydar's Avatar
 
Join Date: Sep 2006
Posts: 677
Just curious if anyone can provide recent handle numbers, has the drop off continued?
alydar is offline   Reply With Quote Reply
Old 12-27-2014, 10:59 AM   #5
jballscalls
Registered User
 
Join Date: Apr 2006
Posts: 3,630
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
jballscalls is offline   Reply With Quote Reply
Old 12-27-2014, 11:10 AM   #6
Saratoga_Mike
Veteran
 
Join Date: Mar 2009
Posts: 9,893
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.
Do you have a link for these stats? Thx
Saratoga_Mike is offline   Reply With Quote Reply
Old 12-27-2014, 11:24 AM   #7
ReplayRandall
Buckle Up
 
ReplayRandall's Avatar
 
Join Date: Apr 2014
Posts: 10,614
Quote:
Originally Posted by Saratoga_Mike
Do you have a link for these stats? Thx
Just happened to have that info, Mike....


http://www.reviewjournal.com/sports/...-horse-players
ReplayRandall is offline   Reply With Quote Reply
Old 12-27-2014, 12:03 PM   #8
Saratoga_Mike
Veteran
 
Join Date: Mar 2009
Posts: 9,893
Quote:
Originally Posted by ReplayRandall
Just happened to have that info, Mike....


http://www.reviewjournal.com/sports/...-horse-players
Thank you - NYRA (and other tracks) never should have sold their signal at such bargain-basement prices to begin with, to state the obvious
Saratoga_Mike is offline   Reply With Quote Reply
Old 12-27-2014, 12:19 PM   #9
burnsy
self medicated
 
Join Date: Mar 2012
Location: toga
Posts: 3,077
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
burnsy is offline   Reply With Quote Reply
Old 12-27-2014, 12:55 PM   #10
therussmeister
Out-of-town Jasper
 
therussmeister's Avatar
 
Join Date: Nov 2009
Posts: 2,363
Quote:
Originally Posted by grimm7
It's never ending nonsense for the player. Do they realize they are ruining the game with greed?
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
therussmeister is offline   Reply With Quote Reply
Old 12-27-2014, 01:29 PM   #11
cj
@TimeformUSfigs
 
cj's Avatar
 
Join Date: Jan 2002
Location: Moore, OK
Posts: 46,816
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.
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...
cj is offline   Reply With Quote Reply
Old 12-27-2014, 01:46 PM   #12
JustRalph
Just another Facist
 
JustRalph's Avatar
 
Join Date: Mar 2002
Location: Now in Houston
Posts: 52,619
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...
you might even offer a cut........ but

This is horse racing............
JustRalph is online now   Reply With Quote Reply
Old 12-27-2014, 01:50 PM   #13
Saratoga_Mike
Veteran
 
Join Date: Mar 2009
Posts: 9,893
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...
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.
Saratoga_Mike is offline   Reply With Quote Reply
Old 12-27-2014, 01:53 PM   #14
Saratoga_Mike
Veteran
 
Join Date: Mar 2009
Posts: 9,893
Quote:
Originally Posted by JustRalph
you might even offer a cut........ but

This is horse racing............
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?
Saratoga_Mike is offline   Reply With Quote Reply
Old 12-27-2014, 01:54 PM   #15
cj
@TimeformUSfigs
 
cj's Avatar
 
Join Date: Jan 2002
Location: Moore, OK
Posts: 46,816
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.
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.
cj is offline   Reply With Quote Reply
Reply




Thread Tools
Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

» Advertisement
Powered by vBadvanced CMPS v3.2.3

All times are GMT -4. The time now is 05:50 AM.


Powered by vBulletin® Version 3.8.9
Copyright ©2000 - 2024, vBulletin Solutions, Inc.
Copyright 1999 - 2023 -- PaceAdvantage.Com -- All Rights Reserved
We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program
designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.