Quote:
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Originally Posted by NTamm1215
Let's do a simulation:
Player A plays $24 pick 3's at Tampa. He is a losing player and gets $110 back for each $120 bet in the pick 3's.
Player B plays at a track those same pick 3's in $24 bets, but at this track, the pick 3's have a 25% takeout.
What happens?
Player "A" at Tampa with the local rebate and lower takeout bets $118.50 for a return of $110, therefore experiencing bankroll shrinkage of $8.50 for each 5 bet sequence. Player "B" bets a full $120 for a return of $101.85 @ a 25% rake therefore loses $18.15 for each 5 bet sequence.
The Tampa player can churn $2808 (118 bets) before hitting ruin. Player "B" at the high takeout track will churn $1320 (55 bets) before going broke. The track nets $491.40 from player "A" (17.5% of $2808) and $330.00 from player "B" (25% of 1320).
In effect, you can play twice as long at Tampa with your bankroll as you can at the high takeout track!
http://blog.horseplayersassociation....trying-to.html
NT |
Why is this so damn difficult for other track execs and state legislators to understand. The example above is crystal clear. While it is theoretical, it is sound. The player can hang in longer, churning more dollars through the windows, and the track(and State) makes more revenue. Hello!
I love Tampa Bay Downs. It became my favorite of all tracks a few years ago when they installed their turf course. Brilliant moves by management.