If parimutuel horse race betting was invented tomorrow...

[Cangamble]

Those behind the invention would be scared to have a takeout of anything over 10-12%.

Racing needs to start from scratch.

[fmolf]

Originally Posted by Cangamble

Those behind the invention would be scared to have a takeout of anything over 10-12%.

Racing needs to start from scratch.

you are right the problems now are the monies they guarantee to state coffers.

[lamboguy]

Originally Posted by Cangamble

Those behind the invention would be scared to have a takeout of anything over 10-12%.

Racing needs to start from scratch.

i think that you have figured out how game started to go down hill. its called greed. and greed kills. now if we think about it, lets say we lowered the takeout now to the old levels. you would have more people going to the racetracks, more beautiful women running around the track for the gamblers to chase around. that would bring even more people into those places.

some places charge over 30% for3 horse tricks. those guys are not tricking anyone but themselves. we have some real sharp people running this game and collecting paychecks to boot!

[InsideThePylons-MW]

Originally Posted by Cangamble

Those behind the invention would be scared to have a takeout of anything over 10-12%.

How can takeout be that low when the horsemen need at least that much just for themselves according to Fred Pope?

[Cangamble]

Originally Posted by InsideThePylons-MW

How can takeout be that low when the horsemen need at least that much just for themselves according to Fred Pope?

Pope is out of touch with reality.

[InsideThePylons-MW]

Originally Posted by Cangamble

Pope is out of touch with reality.

What are you talking about?

Paulick, Cot Campbell, TB Times and many other racing leaders all vouch for this guy as being an innovative genius that TB racing MUST listen to and implement his ideas.

[Cangamble]

Originally Posted by InsideThePylons-MW

What are you talking about?

Paulick, Cot Campbell, TB Times and many other racing leaders all vouch for this guy as being an innovative genius that TB racing MUST listen to and implement his ideas.

I think Paulick learned his lesson backing Pope. I don't see it happening next time Pope opens his clueless mouth.

[Imriledup]

As long as there is horse racing, there will be owners who have EGO's that will make them want to own horses, even if they lose money. Where in the bylaws written in stone inside heaven's gates does it say that owners have to make money? This is called the sport of kings because only kings can actually afford to own horses. If horse ownership was a money making venture, many more people would be involved.

Someone ought to send a proposal to Mark Cuban (or someone like him) and explain to him that he should open up a supertrack with 10 pct takeouts across the board. HE can put all these other tracks out of business with a super track. he can 'foot' the bill early on for large purses to attract the very best horses, recruit the very best jocks and trainers and just turn racing on its ear.

Here's my question for all of you on here. If a supertrack opened with a 10 pct takeout across the board, would you drop everything and put all your time and effort into handicapping and betting on this track? Or, would you stick with your status quo?

[Cangamble]

Originally Posted by Imriledup

As long as there is horse racing, there will be owners who have EGO's that will make them want to own horses, even if they lose money. Where in the bylaws written in stone inside heaven's gates does it say that owners have to make money? This is called the sport of kings because only kings can actually afford to own horses. If horse ownership was a money making venture, many more people would be involved.

Someone ought to send a proposal to Mark Cuban (or someone like him) and explain to him that he should open up a supertrack with 10 pct takeouts across the board. HE can put all these other tracks out of business with a super track. he can 'foot' the bill early on for large purses to attract the very best horses, recruit the very best jocks and trainers and just turn racing on its ear.

Here's my question for all of you on here. If a supertrack opened with a 10 pct takeout across the board, would you drop everything and put all your time and effort into handicapping and betting on this track? Or, would you stick with your status quo?

The problem is that WEG wouldn't take the signal and they wouldn't let me sign up with anyone in the US that took them.

Or WEG would take the signal and ramp up the takeouts to 25%

[fmolf]

Originally Posted by Imriledup

As long as there is horse racing, there will be owners who have EGO's that will make them want to own horses, even if they lose money. Where in the bylaws written in stone inside heaven's gates does it say that owners have to make money? This is called the sport of kings because only kings can actually afford to own horses. If horse ownership was a money making venture, many more people would be involved.

Someone ought to send a proposal to Mark Cuban (or someone like him) and explain to him that he should open up a supertrack with 10 pct takeouts across the board. HE can put all these other tracks out of business with a super track. he can 'foot' the bill early on for large purses to attract the very best horses, recruit the very best jocks and trainers and just turn racing on its ear.

Here's my question for all of you on here. If a supertrack opened with a 10 pct takeout across the board, would you drop everything and put all your time and effort into handicapping and betting on this track? Or, would you stick with your status quo?

well said....Ibelieve that if takeouts were lowered ,purses would be lowered as a result.This would cause some of the lesser horseman looking for a handout to leave the game.then with less horses around in training,lesser tracks would have defined seasons out of necessity.Some tracks would close others shorten their cards.people would come back albeit slowly as the product gets better and the price remains low.The problem is greed and until handle trickles to its lowest levels ever this will never happen.when their is a surplus of product and a low demand normal business practice tells you to lower price ,unload inventory and then retool redesign and reinvent oneself to make your product more marketable to the general public.racetrack management in conjunction with local governments have failed miserably in this regard.

[Cangamble]

Originally Posted by fmolf

well said....Ibelieve that if takeouts were lowered ,purses would be lowered as a result.This would cause some of the lesser horseman looking for a handout to leave the game.then with less horses around in training,lesser tracks would have defined seasons out of necessity.Some tracks would close others shorten their cards.people would come back albeit slowly as the product gets better and the price remains low.The problem is greed and until handle trickles to its lowest levels ever this will never happen.when their is a surplus of product and a low demand normal business practice tells you to lower price ,unload inventory and then retool redesign and reinvent oneself to make your product more marketable to the general public.racetrack management in conjunction with local governments have failed miserably in this regard.

If takeouts were lowered, purses would increase.

[rwwupl]

Originally Posted by Cangamble

Those behind the invention would be scared to have a takeout of anything over 10-12%.

Racing needs to start from scratch.

Listen well, The truth is before you.

Forget Mr. Pope

Cangamble

[Imriledup]

Cangamble

[foregoforever]

Originally Posted by Cangamble

Those behind the invention would be scared to have a takeout of anything over 10-12%.

Racing needs to start from scratch.

Agreed. Start by demolishing the "source market fee" concept. If that 10-12% went only to the track that put on the race, and to the outfit that handled the wager (i.e., the ones that actually did something to deserve it), then there'd be plenty to go around.

And tracks that offered attractive racing, and wagering outfits that offered good service, would prosper. Those that don't, wouldn't.

[Steve 'StatMan']

Maybe they all need to remember that Pope in this case is just a last name, not a title.