tag:blogger.com,1999:blog-8711985.post7497172717575334216..comments2024-03-05T05:38:22.024-05:00Comments on Left at the Gate: Empire's Takeout Plan a RuseAlan Mannhttp://www.blogger.com/profile/12570505944559196118noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8711985.post-89323996507339417382007-02-23T12:21:00.000-05:002007-02-23T12:21:00.000-05:00Interesting listen on equineforum.net last week. J...Interesting listen on equineforum.net last week. Joe Riddell (Spelling?) who is running<BR/>Premier Turf Club out of Fargo North Dakota. (onshore acct wagering) said...<BR/><BR/>Paraphrasing...<BR/>" We’re broke as an industry:<BR/>3.2 Billion spent in NA by Owners to purchase, train, vet, transport, blacksmith<BR/>Running for 1.2 Billion in Purses<BR/>2 Billion dollars being lost by owners each year."<BR/><BR/> With 10-15 Billion bet each year and the takeout equations, etc. the math above seems to make some sense to me. So the slots splash is just bumping purses "artificially".<BR/> <BR/> My point? When horseplayers bemoan that the bettor is the customer, and why isn't there better customer service etc., my mind always drifts and I say.... Just a damn minute; Owners are putting more into the racing equation than bettors are. And now I say, the slots players are more key to racing than the horseplayers, especially since horseplayers are drifting to rebate shops with even smaller takeouts and no feedback money into the industry.<BR/><BR/>The more I read about things the more complex the industry is to me... The more I sometimes feel like owners should pick up theoir toys and go home. Just race each other for the fun of it. Wouldn't that actually be the best thing for racing??? Imagine that world. Racing with no purses. No commercial pressures, no sponsorship, contraction to 4-5 tracks NA-wide. Less doping. The best horses would face each other. No pressure to run ASAP at 2. Let everyone bet where ever they want.<BR/><BR/>.... Sorry I was dreaming there again.<BR/><BR/>KHAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8711985.post-43938802619292651252007-02-23T09:03:00.000-05:002007-02-23T09:03:00.000-05:00When will tracks realize that higher takeouts redu...When will tracks realize that higher takeouts reduce wagering? If anything takeouts should be cut in half, across the board, at every track in the country. This would allow more people to be profitable and would put more money back into the bettors hand.<BR/><BR/>Common sense says that no matter how low the takeout the track will inevitably get the money back over time. The more money put back into the bettors hands the more they have to play with. Of course some people will walk away ahead, but alot of people will put it all back into the windows (or at least some of it).<BR/><BR/>Lower takeout creates more winners, better odds and happier customers. No other form of gambling has such a high takeout. Slot machines may seem boring (I rarely touch them) but most of them have a very low takeout. I have seen some that have as low as a 1 to 2% takeout. Try getting a slot jockey who sees that a machine returns 98% of the money bet to leave the slot area and go to the horse wagering area where at best they can bet a wager that returns 86% and requires some thinking to win and also takes anywhere from 20 minutes to 2 hours to collect the winnings. This is the reason why so few slot jockeys become racing fans.<BR/><BR/>LennyAnonymousnoreply@blogger.com