Derby Trail Forums - Santa Anita and Hollywood Park ask the TOC to lower takeout

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Santa Anita and Hollywood Park ask the TOC to lower takeout

Quote:

DEL MAR ---- Santa Anita and Hollywood Park have asked the Thoroughbred Owners of California to lower the takeout on daily doubles, exactas and quinellas on an experimental basis at their upcoming fall meets, according to a letter obtained by the North County Times late Saturday night.

The Pacific Racing Association (Santa Anita) and Hollywood Park Fall Racing Association want daily doubles to be lowered from a 22.68 percent takeout to 15.43 ---- the same as a win, place or show bets, which are the nation's lowest ---- and they want exactas and quinellas lowered from 22.68 to 21.68.

The two racing associations are also asking for 50-50 split on the new 50-cent pick five wager. The TOC now receives a higher percentage of the profits for purses from the bet than the tracks do.

The letter comes on the heels of Del Mar Thoroughbred Club CEO Joe Harper announcing on opening day that he was in talks to try to lower some of the wagers that were raised this year.

"Raising the takeout was not a smart idea," Harper said Saturday morning on Roger Stein's radio show. "Raising the takeout may not have seemed like a big deal, but it is a big deal.

"Our rates are too high on exactas and daily doubles. ... I would like those things to come down. This is an industry-wide decision. We need to get together to talk about it."

http://www.nctimes.com/sports/equest...8d62ce885.html

If the TOC had any fucl<ing brains - they'd accept the takeout cuts only under the condition that very slight takeout reductions are made every 6 months from now until the year 2061.

This might be HUGE if it happens - because it could cause the domino's to finally start following in horse racings favor.

I think the proposed new takeout rates in Cal will hand NYRA a great case for takeout reductions that they can use on the political forces in NY.

I've heard Charles Heyword on CNBC - and based on one interview - I think he "gets it" better than any of them.

Here would be the new picture:

Takeout Rates:

WPS:

So. Cal: 15.43%
CD/KEE: 16%
NYRA: 16%

DD:

So. Cal: 15.43%
NYRA: 18.5%
CD/KEE: 19%

EX:

NYRA: 18.5%
CD/KEE: 19%
So. Cal: 21.68%

TRI:

CD/KEE: 19%
So. Cal: 22.68%
NYRA: 26%

Superfecta:

CD/KEE: 19%
So. Cal: 22.68%
NYRA: 26%

Pick 3:

CD/KEE: 19%
So. Cal: 22.68%
NYRA: 26%

Pick 4:

CD/KEE: 19%
So. Cal: 22.68%
NYRA: 26%

If NYRA presses to move to a 15% WPS and double - and a 18.5% all other exotics - they can sweep every category. At the very worst - no one sane could stop them from trying to be competitive and middle up some of the categories.

Basically, it took 65 years for the dominos to slowly keep falling against horse racing - finally we might start to see a slow bounce-back off the ceiling.

If only those retards in your state of PA could read this information and learn. 30-35% takeout bets are useless to everyone.

Quote:

Originally Posted by philcski (Post 796417)

If only those retards in your state of PA could read this information and learn. 30-35% takeout bets are useless to everyone.

They are shrewd.

The State Commish for horse racing just said.

If you are going to the track trying to make a fortune, find something else," Tufano said. "If you are looking solely to win at gambling, there are better options."

And follows that up with ....

'"That's the great thing about wagering on horse racing, You think you are smarter than anyone else."

So, in other words, the great attraction for people to bet horses - IN HIS MIND - is so you can lose money ... BUT ... feel like the SMARTEST MAN IN THE WORLD doing it!

Quote:

Originally Posted by Calzone Lord (Post 796418)

This is so LOL. Why should there be better options?!? I mean we're not even asking for blackjack type 2% takeout, just something competitive. Even in the crappiest games in the casino the takeout is only 10-12%. Is that too much to ask? Just not an ass raping 30%, please. :zz::wf

Quote:

Originally Posted by philcski (Post 796420)

Yep.

Horse racing is the ULTIMATE information game.

It is supposed to benefit FAR more from the tech, tv, and info advances of the last 100 years than any other sport.

It should be on top of the sports world and people should be betting so heavily and with so much passion ... that the bible beaters on the Right and the Do-Gooders on the Left should both be wringing their hands about the moral hazards and such.

The press was making national celeberites out of horseplayers a hundred years ago --- and to be honest -- other than the takeout rates -- the sport fucl<ing sucked at that time.

A steady diet of 5 horse fields at best - sh!t for information - I can't watch a horse race without seeing it on TV. No friggen exotic wagering at all! Sounds pretty miserable doesn't it?

How about getting rid of the Quinellas. This ain't dog racing.

Charles Hayword interview on CNBC:

He talks takeout at 2 minutes in....

http://video.cnbc.com/gallery/?video=1572749611

This was from the DRF in 1917 --- less than 100 years ago -- advocating going from bookmaking to mutuals - with just a 2% takeout in New York.

At a 2% takeout - we'd be wiping our ass with hundred dollar bills - and making $40,000 win bets and $5,000 exacta bets for the sheer sake of having "action" in those races where we didn't have a strong opinion and would otherwise skip.

The DRF writers would later argue that the takeout should not be more than 5% in New York. And... look what has happened everywhere over time.

It's a trend that desperately has to be reversed... but sadly, it has to go down as slowly as it went up - you possibly run the risk of short term problems for those employed within the industry if you slash too sharply. You can't grow the game overnight.. but as it grows .. everyone wins.

At low enough levels - I think horse racing could become this nations Crack-cocaine obsession - and it could get to the point where politicans would have to step in and spoil the party for moral reasons.