CHRB meeting Quick notes 4-28-11

[rwwupl]

CHRB Meeting 4-28-11

Quick Notes:
David Wilson, spoke on the CTHA position on the horsemen’s dispute between the CTHA and the TOC.. the CTHA wants more trainers on the Board and has a different agenda than the TOC. Wilson says they should get together or the CTHA will try to de-certify the TOC and have a new election to determine who should represent the horsemen. Jack Owens, representing the TOC says an election is not necessary.


Mike Marten, staff analyst for the CHRB , commented on the unusual betting on the5th race Sunday at Hollywood (Ninth Infantry). The odds went from 16-1 to 9-1 entering the stretch. He reported there was a $5,000 bet made in Nevada 3 seconds before they were off… and the bet was legal accounting for the odds shift.


Mike Wellman, owner, liked the new players p-5 at Hollywood at 14% and .50 cents. He also pointed out that the devastating loss of 120 million at Santa Anita was mostly (80%) due to being down in the exotics where the raise in take was applied. And asked the CHRB to “rethink” the position on higher takeouts.
John Harris and David Israel on the CHRB Board said it is not our fault, the associations and the horsemen can have the take anywhere between 10% and 25%, if they ask us.


TwinSpires gave a presentation on what they were doing for California racing. They were represented by Rohit Thukral, President and Jeremy Clemonds,V.P. marketing. They said when they offered lower take on the p-4’s at certain tracks they cover (Zero percent to the winners) they are up in handle 281%. They indicated they have a deal in the works cooperating with Del Mar and Jack Liebau said why not Hollywood right now?

Mace Siegal owner was very critical , he said they (twinspires)were greedy, could not be trusted, they would not return their share of the raise in take for purses as others had and they were a disgrace. Mace said California was getting “screwed”.

Roger Way
See CHRB website for summary later.. http://www.chrb.ca.gov/

roger@hanaweb.org.

[Charli125]

Originally Posted by rwwupl

Mike Wellman, owner, liked the new players p-5 at Hollywood at 14% and .50 cents. He also pointed out that the devastating loss of 120 million at Santa Anita was mostly (80%) due to being down in the exotics where the raise in take was applied. And asked the CHRB to “rethink” the position on higher takeouts.

Well, they did raise takeout in the exotics only so that would make sense. But, his numbers are a bit off. WPS was down 19.2% for a total of 30% of the handle drop. I guess if handle was only down 36 million it wouldn't be as devastating as being down 123 million like they were, but assuming that the WPS pools are good to go ignores that players just aren't playing CA like they used to. He's right, they need to "rethink" the takeout increase. They're also going to have to go above and beyond in order to win back players.

Originally Posted by rwwupl

John Harris and David Israel on the CHRB Board said it is not our fault, the associations and the horsemen can have the take anywhere between 10% and 25%, if they ask us.

If that's the case then why don't they just lower takeout right now? They have proof that raising takeout doesn't work, so why not try the other way? I like how when the takeout increase was approved they all applauded and took credit for it. Now that it's been proven not to work they're like rats leaving a sinking ship.

[DJofSD]

Roger -- many thanks for posting this summary. Interesting stuff to say the least.

I love it: CHRB - it's not our fault. No leadership, all politics. A modern day example of playing the fiddle while Rome burns. Cue the fat lady.

[Robert Goren]

Originally Posted by DJofSD

Roger -- many thanks for posting this summary. Interesting stuff to say the least.

I love it: CHRB - it's not our fault. No leadership, all politics. A modern day example of playing the fiddle while Rome burns. Cue the fat lady.

Why aren't the horsemen asking for it?