NYC-OTB may force NY takeout increase
 

http://news.bloodhorse.com/article/45341.htm
Outrageous, IMHO.

lovely, 2.5% tax increase

Once again, bettors get the shaft for the incompetence and blunders of others. The NYCOTB is losing money because of its own stupidity and irrelevance, yet we're the ones who are asked to bail them out? I've sworn off the OTB because I refuse to pay the outrageous 6% on my winning wagers, and this just makes me more steadfast.

Stinks. Being stuck with the insanely high takeout rates in Pennsylvania and Delaware, I've always enjoy going up to the NY tracks with their lower rates. It'll still be lower than PA and DE, but certainly detracts from some of the reasons for traveling all the way to NY to gamble. Figuring the cost of gas, might as stay home.

Gotta love NYC and NY State, let others pay for their own incompetence.

It sucks, because the product is consistently the best in the country. But the takeout can only get so high before I say "enough's enough".

Yes. As a player who likes to occasionally dabble in the show pool that 6% is highway robbery. It is infuriating for someone who tries to win on a small edge.

Show betting at an OTB is kooky talk.

HIGHER TAKEOUT?! I thought we were going to see it getting lower. . .

Question here....Do tracks expect people to wager on horses no matter the takeout %? My thought would be that Track A would want to lower the takeout % to grab bettors from wagering their money on another track. I always thought that competition would lower the takeout % (cost). Or am I way off base here?

95% of the bettors don't understand takeout because it is 'behind the scenes'

As an FYI, what I have to say about this on ATR tonight will be... pointed.

You can be assured that the 20% of players responsible for 80% of the handle in all of the game understand takeout.

It would if we didn't have to suffer through the odiousness of state government's insatiable appetite for revenue...

When I first read this I was like NO WAY. But then I thought about it for a moment and I have to agree with you. When i first started to wager, I had no idea what a takeout % was. Took me awhile to figure out that I was getting screwed at certain tracks.

Joe was nice enough to send me a postcard two days after the franchise deal to tell me what a good job he had done.

*head explodes*

The 80-20 rule.. A statistical imperative.

80% of all handle is generated from 20% of the horseplaying populace.

Makes a lot easier then, in principle, to ORGANIZE and do something about it.

I am sure this varies greatly from weekdays to weekends. Would I be way off to think that 90% of the handle is generated from the horse playing populace throughout the week?