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Forum: General Racing Discussion 12-07-2017, 07:43 PM
Replies: 405
Views: 62,394
Posted By highnote
I think there might be a thread about this topic...

I think there might be a thread about this topic just created today, but I thought this link from DRF about the topic of takeout reduction given at the Tuscon racing symposium would also work here:
...
Forum: General Racing Discussion 12-04-2017, 08:14 PM
Replies: 405
Views: 62,394
Posted By highnote
Racing better figure it out soon. The Supreme...

Racing better figure it out soon. The Supreme Court will probably decide in favor of the right of states to allow or not allow sports wagering. The decision will probably be made by June. It could...
Forum: General Racing Discussion 10-15-2017, 10:08 PM
Replies: 405
Views: 62,394
Posted By highnote
Correct me if I'm wrong, but just because average...

Correct me if I'm wrong, but just because average payouts are higher does not mean the amount of money being won is greater. The track payback is only 83%. They can't payout more than the track...
Forum: General Racing Discussion 10-15-2017, 09:01 PM
Replies: 405
Views: 62,394
Posted By highnote
You're right that it will not be easier for the...

You're right that it will not be easier for the dumb money bettors to win.

I have been talking it being easier to win for big bettors who get rebates.

For big bettors who get rebates and are...
Forum: General Racing Discussion 10-15-2017, 06:01 PM
Replies: 405
Views: 62,394
Posted By highnote
From track mgmt point of view purse size drives...

From track mgmt point of view purse size drives field size.



Correct. On a percentage basis. I should have been more specific. For bettors still betting Keeneland it should be easier to win. ...
Forum: General Racing Discussion 10-15-2017, 04:26 PM
Replies: 405
Views: 62,394
Posted By highnote
the track mgmt point of view is that larger...

the track mgmt point of view is that larger purses will attract more horsemen. More horsemen means more horses. More horses means a more popular betting event. And that means an increase in handle. ...
Forum: General Racing Discussion 10-15-2017, 12:27 PM
Replies: 405
Views: 62,394
Posted By highnote
I saw the takeout raise as a preemptive move to...

I saw the takeout raise as a preemptive move to placate horsemen.

Bottom line is that horseplayers lose if they accept the higher rates.

Horseplayers should bet where they get the lowest...
Forum: General Racing Discussion 10-15-2017, 11:22 AM
Replies: 405
Views: 62,394
Posted By highnote
If they were not complaining then why didn't the...

If they were not complaining then why didn't the track lower the takeout? The track didn't lower rates because they knew the horsemen would complain and take their business elsewhere -- just like...
Forum: General Racing Discussion 10-14-2017, 10:27 PM
Replies: 405
Views: 62,394
Posted By highnote
The only thing I can say in Keeneland's defense...

The only thing I can say in Keeneland's defense is that track management feels they have to kowtow to horsemen, not horseplayers.

Fortunately, horseplayers do not have to kowtow to any track. ...
Forum: General Racing Discussion 10-14-2017, 06:59 PM
Replies: 405
Views: 62,394
Posted By highnote
The only businesses that do not need to listen to...

The only businesses that do not need to listen to their customers are those with monopolies. Racetracks lost their monopolies on legalized gambling some years ago, but they operate like they still...
Forum: General Racing Discussion 10-14-2017, 06:22 PM
Replies: 405
Views: 62,394
Posted By highnote
As Warren Buffet says, "Price is what you pay....

As Warren Buffet says, "Price is what you pay. Value is what you get."

I get the most value betting tracks with the lowest effective takeout.

The track that I bet makes no difference to me.
...
Forum: General Racing Discussion 10-13-2017, 12:08 AM
Replies: 405
Views: 62,394
Posted By highnote
I don't play Santa Anita. SA takeout is too high...

I don't play Santa Anita. SA takeout is too high and my adw does not give a rebate on SA Win/Place/Show bets.

I'd rather play Penn National or Remington where the rebate makes the effective...
Showing results 1 to 12 of 12

 
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