Delusional CHRB Chairman Brackpool: Higher Takeout Means More Fun at the Track

[andymays]

http://www.bloodhorse.com/horse-raci...rackpool-urges

Excerpt:

He believes a new law signed by Gov. Arnold Schwarzenegger may help kick start racing’s reinvention . The bill, which goes into effect Jan. 1, increases takeout on exotic wagers and clears the way for exchange wagering, or head-to-head betting, in 2012 after CHRB creates rules to regulate that form of betting.

“We offer in California the premier racing product on a year-round basis,” he said, “but we were offering our first-class product at a discount price. We’re changing the pricing model. We left win-place-show where it is. But we came up with a solution that will produce $30 million more a year. That’s a 25-to-30% increase in overnight purses.

[cj]

The premier racing product? What is that guy smoking?

[DeanT]

Originally Posted by andymays

We’re changing the pricing model.

That is a classic line. Raising takeout is now called "changing the pricing model"

I am off to the grocery store now. I have to buy some ham. Last week it was $0.78 a pound, but now they have changed the pricing model and it is $0.90 a pound.

These guys are too freaking funny. They truly must think we are all tremendously mentally challenged.

[andymays]

It's Bizarro World I guess. Where the eff am I?

[cj]

What I find even funnier is this guy thinks bettors of California racing have another 30 million of disposable income to lose.

[andymays]

Does anyone know how to put up his picture from the article. I think it adds to the story. Where's bigmack when you need him?

[cj]

[horses4courses]

The man has one motivational factor, and only one.

The hefty salary that he is pulling down in that position.

I see that he has history with Arnie in groundwater projects.

Betfair probably sends him a nice Xmas card, too......

What a crock........

http://en.wikipedia.org/wiki/Keith_Brackpool

[Turkoman]

Originally Posted by andymays

http://www.bloodhorse.com/horse-raci...rackpool-urges

Excerpt:

He believes a new law signed by Gov. Arnold Schwarzenegger may help kick start racing’s reinvention . The bill, which goes into effect Jan. 1, increases takeout on exotic wagers and clears the way for exchange wagering, or head-to-head betting, in 2012 after CHRB creates rules to regulate that form of betting.

“We offer in California the premier racing product on a year-round basis,” he said, “but we were offering our first-class product at a discount price. We’re changing the pricing model. We left win-place-show where it is. But we came up with a solution that will produce $30 million more a year. That’s a 25-to-30% increase in overnight purses.

This is so funny. They want to make people believe they're really smart. I would love to hear what they have to say when their new state-of-the-art "pricing model' doesn't work.

Turkoman

[GatetoWire]

Did anyone hear Barry Schwartz on Sirius XM yesterday?

It was his first interview since he left NYRA. No surprise that we was very critical on NY State Govt particularly the Gov's (Pataki, Spitzer and Patterson) for their handling of the Aqueduct casino.
The interesting thing was his comments on California. He claimed that when he lowered the takeout at NYRA that the handle increased by 150 million.
He talked about how Steve Wynn has the lowest takeout in Vegas and his properties are still doing well because of it.

He said that racetrack owner has no clue about how to please their customer.

We all know the California plan will be a disaster. Just make sure that we all vote with our wallet's

It's our duty to only play the tracks with the lowest takeout and boycott California the day this raise in takeout happens.

See how they react when the handle drops millions when everyone stops playing.

I will not give California $1 when this takeout happens. I don't care how many days the Pick 6 carryovers....I will not play it again when they raise the take.

[DeanT]

Originally Posted by GatetoWire

Did anyone hear Barry Schwartz on Sirius XM yesterday?

Damn, I missed it! Barry is in Hong Kong now, where they do goofy things, like consult with gambling experts when they do something, i.e. their take decrease in 2006.

[Bruddah]

Originally Posted by Turkoman

This is so funny. They want to make people believe they're really smart. I would love to hear what they have to say when their new state-of-the-art "pricing model' doesn't work.

Turkoman

When I was on the Board of a couple of companies, there were always a couple of members which were appointed because of internal politics and didn't know a lick about the business or business in general. They would use a couple of catch phrases and try to sound knowledgable and trendy. They were useless as tits on hens.

This Englishman needs to catch the next bus back to Liverpool.

[Zman179]

I have absolutely no problem with cutting out Southern California racing from my betting menu.

Do they realize that this takeout increase is going to chase off many of their biggest bettors? How many large bettors do you know who play WPS?

[horses4courses]

I was first introduced to that concept about 15 years ago.
We ran a promotion for about 6 months in the racebook I was involved in running in Lake Tahoe.

We offered a 10% bonus on all winning exactas on So Cal racing.
The increase in handle more than offset the cost of the promotion.

The reason we had to stop it?
The Nevada Pari-Mutuel Association regarded it as a rebate, which were beginning to be frowned upon at the time. Little has changed there.

They said it put the contract between Nevada and the racetracks in jeopardy, so we had to discontinue the scheme.

[Ernie Dahlman]

[QUOTE=DeanT]Damn, I missed it! Barry is in Hong Kong now, where they do goofy things, like consult with gambling experts when they do something, i.e. their take decrease in 2006.[/QUOTE)

I think you're confusing Barry with Bill Nader. They basically think alike when it comes to horseracing.