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02-08-2011, 12:21 AM
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#1
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I just lost by THIS MUCH!
Join Date: Apr 2001
Location: NJ
Posts: 305
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What was the Takeout in the Golden Age for Horse Racing?
In all the discussion about high takeout at the tracks today I've never heard what takeout was in the golden years of horse racing in the 1920's,1930's, and 1940's. Anyone out there who knows and can clue me in?
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Tuffmug
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02-08-2011, 12:49 AM
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#3
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Registered User
Join Date: May 2010
Posts: 5,005
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What was the Takeout in the Golden Age for Horse Racing?
Old-timers I worked with at the NY tracks in the 70's told me that the take was 10% in NY when pari-mutuels began in 1939. They bragged about how they could beat the game back then, but couldn't do so when the take was 17% or so in the 70's.
They told me that a lot of guys beat the game in NY betting show into a 10% take, with breaks to the nickel, back in the "golden age."
Ocala Mike
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02-08-2011, 12:50 AM
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#4
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Registered User
Join Date: Jan 2006
Posts: 28,388
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In Robert Saunders Dowst's book "Straight, Place and Show" (circa 1945) he states that "in New York, a 10% takeout is authorized."
Last edited by thaskalos; 02-08-2011 at 12:56 AM.
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02-08-2011, 01:07 AM
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#5
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I just lost by THIS MUCH!
Join Date: Apr 2001
Location: NJ
Posts: 305
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5 to 10%!!! The tracks and the States (via the increased take) performed reverse alchemy. They have turned Gold into Lead!
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Tuffmug
Last edited by Tuffmug; 02-08-2011 at 01:19 AM.
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02-08-2011, 08:55 AM
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#6
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Apprentice
Join Date: Jan 2011
Posts: 18
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The Take Out
There are many of the top tracks today that have a high take out simply because they know customers or bettors are going their regardless. They offer top notch racing and will draw a crowd.
But, PORTLAND MEADOWS offers a less than average tale out and the prices
are fairly decent. We do no pay to much attention to this track, but customers have emailed us about how satisfied their prices are for a small track.
Last edited by BillW-mod; 02-08-2011 at 09:01 AM.
Reason: TOS Violation
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02-08-2011, 10:29 AM
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#7
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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 don't know if the 1960s were the golden age or not, but was in the 12-14% range then and a lot of it was taxes. Now almost none of it goes to taxes and it is 18-22%. Somebody got really greedy.
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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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02-08-2011, 08:10 PM
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#9
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Registered User
Join Date: Feb 2010
Posts: 2,748
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Even Maryland was only 15% in the early 70s with the state taking more than 5% of that. Now the state takes .5% and the exacta take is 21% and the tri is 25.75%
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02-08-2011, 08:54 PM
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#10
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Registered User
Join Date: Apr 2006
Location: Green Bay
Posts: 248
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1963 SI article about take out and horseplayers. Maybe some will find it an interesting read
http://sportsillustrated.cnn.com/vau...ndex.htmAugust
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http://youarefollowingme.blogspot.com
http://www.facebook.com/calvin.sperberg
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02-08-2011, 10:49 PM
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#11
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Registered User
Join Date: Jul 2009
Posts: 2,585
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Quote:
Originally Posted by csperberg
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Great find.
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02-08-2011, 10:56 PM
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#12
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Registered User
Join Date: Jan 2006
Posts: 28,388
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Quote:
Originally Posted by csperberg
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I wonder how large, horse racing's costumer base would be, if we all read this piece before we started playing this game.
Last edited by thaskalos; 02-08-2011 at 10:58 PM.
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02-08-2011, 10:57 PM
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#13
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Registered User
Join Date: Feb 2007
Location: Gods County, United Kingdom
Posts: 3,533
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Yer great find.
Increasing taxes is definitely the way forward
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02-08-2011, 11:21 PM
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#14
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Registered User
Join Date: Jul 2009
Posts: 2,585
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What I find funny is that those opposed to gambling wanted takeout increases to curtail gambling on horses.
Kind of like what governments say when they up the taxes on cigarettes.
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02-09-2011, 01:16 AM
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#15
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Registered User
Join Date: Dec 2003
Location: new york
Posts: 1,629
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i urge everyone not already a member to join hana, as they are trying to lower the take out across the country
i also urge everyone to boycott santa anita due to their recent increase in take out.
in the long term it is in the interest of horseplayers to do so.
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