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06-02-2012, 12:01 PM
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#1
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Registered User
Join Date: May 2010
Posts: 667
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This Just In Paulick Report
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06-02-2012, 04:05 PM
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#2
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Registered User
Join Date: Sep 2005
Location: Ringkoebing
Posts: 4,342
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Betfair lobby fails to secure California dream
"LOBBYING by Betfair has failed to secure the implementation of exchange betting in California in time for the prestigious Del Mar meeting which starts on July 18.
At a monthly board meeting on Friday the Thoroughbred Owners of California (TOC) which represents horsemen in the state, opted not to vote on the issue."
http://www.racingpost.com/news/live.sd?event_id=173401
It doesn't look good. Why is the approval of the TOC needed anyway?
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06-02-2012, 04:23 PM
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#3
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Registered User
Join Date: May 2010
Posts: 667
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They don't have the owners. They don't have the trainers. They don't have Stronach. As far as I can tell they have Simon Bray, Todd Schrupp and a few uninformed fans.
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06-02-2012, 04:30 PM
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#4
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Registered User
Join Date: Jul 2008
Posts: 3,761
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Quote:
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Originally Posted by gm10
"LOBBYING by Betfair has failed to secure the implementation of exchange betting in California in time for the prestigious Del Mar meeting which starts on July 18.
At a monthly board meeting on Friday the Thoroughbred Owners of California (TOC) which represents horsemen in the state, opted not to vote on the issue."
http://www.racingpost.com/news/live.sd?event_id=173401
It doesn't look good. Why is the approval of the TOC needed anyway? |
Federal Law. The way the Interstate Horseracing Act of 1978 was worded allows a horsemen's group to block the import/export of simulcast signals. This was intended to give the horsemen leverage to insure that their interests (and the purse account) weren't ignored in negotiations between their host tracks and other entities (tracks, OTBs, ADWs, etc.).
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06-02-2012, 04:59 PM
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#5
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@TimeformUSfigs
Join Date: Jan 2002
Location: Moore, OK
Posts: 46,829
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Horsemen were given way too much power. It is one of racing's biggest downfalls.
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06-02-2012, 05:07 PM
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#6
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Registered User
Join Date: Jan 2008
Location: Sioux Falls, SD
Posts: 1,028
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Quote:
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Originally Posted by usedtolovetvg
They don't have the owners. They don't have the trainers. They don't have Stronach. As far as I can tell they have Simon Bray, Todd Schrupp and a few uninformed fans.
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That's funny because a lot of those "uninformed fans" you're talking about are in the 2% of players out there that actually win. Maybe not as uninformed as you'd like people to think. The only people opposed to Exchange Wagering are those that don't understand it, and those that have a personal issue with it or one of the entities involved.
CJ nailed it. The horsemen run CA now and they're not going to relinquish control any time soon. Too bad, I'd hoped some of the new blood would help, but they're just as bad as the last group.
__________________
"Support Tracks That Support Players" Some Random Horseplayer-2011
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06-02-2012, 05:14 PM
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#7
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Registered User
Join Date: May 2010
Posts: 667
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Quote:
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Originally Posted by Charli125
That's funny because a lot of those "uninformed fans" you're talking about are in the 2% of players out there that actually win. Maybe not as uninformed as you'd like people to think. The only people opposed to Exchange Wagering are those that don't understand it, and those that have a personal issue with it or one of the entities involved.
CJ nailed it. The horsemen run CA now and they're not going to relinquish control any time soon. Too bad, I'd hoped some of the new blood would help, but they're just as bad as the last group.
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I'm glad you understand it. Not too many people do.
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06-02-2012, 05:16 PM
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#8
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Registered User
Join Date: Jan 2008
Location: Sioux Falls, SD
Posts: 1,028
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Quote:
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Originally Posted by usedtolovetvg
I'm glad you understand it. Not too many people do.
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Then they should educate themselves. The information is all out there in the public domain. It's really pretty simple stuff if you look at it objectively.
__________________
"Support Tracks That Support Players" Some Random Horseplayer-2011
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06-02-2012, 05:19 PM
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#9
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Registered User
Join Date: May 2010
Posts: 667
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It's not as simple as it appears. If anyone thinks it's as easy as getting 5-1 on a horse that is 7-2 on the tote, they are sadly mistaken. The 'bots' will grab all the value and leave the crumbs for the those who point and click.
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06-02-2012, 06:51 PM
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#10
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@TimeformUSfigs
Join Date: Jan 2002
Location: Moore, OK
Posts: 46,829
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Quote:
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Originally Posted by usedtolovetvg
It's not as simple as it appears. If anyone thinks it's as easy as getting 5-1 on a horse that is 7-2 on the tote, they are sadly mistaken. The 'bots' will grab all the value and leave the crumbs for the those who point and click.
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In any case you get the advantage of fixed odds for what you can get down.
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06-02-2012, 06:52 PM
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#11
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Join Date: Mar 2001
Location: Reno, NV
Posts: 16,915
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Quote:
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Horsemen were given way too much power. It is one of racing's biggest downfalls.
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CJ,
You said a mouthful.
Talk to any horseman and he will tell you that the bettors just need to accept the fact that their money goes to support racing.
One horseman I spoke with said that "racing is entertainment." This is how the conversation went:
Me: Do you go out for an "entertainment evening" occasionally with your wife?
HM: Sure.
Me: How often do you go out?
HM: Well, with our busy schedules, maybe once every week to 10 days.
Me: How much do you usually spend on such an evening?
HM: I don't know. Maybe $150. Sometimes more; sometimes less.
Me: See, THAT is "entertainment." THAT is a reasonable budget for entertainment. Tell me... If the average horse player went to the races every 10 days and came with a budget of $150 could racing survive?
HM: No, of course not.
Me: You need him to come with more money and come more often?
HM: Yes. He has to understand that if racing is to survive, it needs his money.
Me: AND YOU HAVE TO UNDERSTAND that most people cannot justify 3-4 days per week of "entertainment" that costs them several hundred dollars.
HM: (No comment but a whole lot of quiet.)
Me: It really is very simple, you know.
HM: It is?
Me: yes. Change your business model so that it works for the customer or go out of business.
HM: Well, we can't change.
Me: Then you are going out of business.
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06-02-2012, 07:08 PM
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#12
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Veteran
Join Date: Jun 2009
Posts: 832
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Why can't they change?
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06-02-2012, 07:27 PM
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#13
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Join Date: Mar 2001
Location: Reno, NV
Posts: 16,915
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Jelly,
I think it is because they feel that they DESERVE to get paid first and, therefore, it is somebody else's problem to figure out.
Eventually they WILL realize that they are a PARTNER in a business model that does not work. That model is broken and must be fixed.
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06-03-2012, 12:15 AM
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#14
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Registered User
Join Date: May 2010
Posts: 667
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Quote:
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Originally Posted by Dave Schwartz
That model is broken and must be fixed.
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It won't be fixed for a long time. Too many people to blame. It's always someone else's fault. Oh yeah, and then there's that thing called greed. I haven't met a high paid executive in a long time who wasn't a self-serving a-hole.
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06-03-2012, 12:27 AM
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#15
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Registered User
Join Date: Aug 2009
Posts: 65
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exchange models are excellent, but is betfair the company, excellent too?
maybe you need to hear the experiences of people from the uk and australia where they are licenced too.
lots of people that once whole heartedly supported betfair are now talking with their feet.
me being one of them
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