Don't look for Daily Doubles with a 15.43% takeout in So. Cal anytime soon

[Calzone Lord]

The TOC continues to ignore the fact that horse racing needs three separate entities to succeed -- the owners, the bettors (fans) and the race tracks. It's a beautiful sport when all three are working together, but it can be frustrating and harmful when one of the three is looking out only for itself.

The TOC needs to wake up and smell the coffee. Lower the takeout before it's too late. We're not watching the movie "Wall Street." Unlike what Gordon Gekko told us, greed is not good.

http://www.insidesocal.com/horseracing/


I take issue with the above quote. The studies by econimists show that for every 1% you decrease takeout - handle will eventually increase by 7% as a result.

The TOC is not being greedy -- they're being painfully stupid and they're setting back horse racing in California and all over the country tremendously.

I love how they call raising takeout "a price increase on the customer" or "raising prices on the customer" .... What they should be calling it is a "significant handle decrease for us"

I'm sure exchange wagering is going to go over really well in California with those dumbfucl<s involved.


The new TOC president was on a couple of radio shows yesterday. Listening to him makes you want to vomit on your keyboard. He only wants the two-horse wager exotics reduced - and only back to where it was in Jan.

He was trying to be all slick and cute while acting like he wasn't taking the "you'll get nothing and like it" stance.

[Cannon Shell]

http://pullthepocket.blogspot.com/20...long-term.html

Balmoral part

[GPK]

Originally Posted by Cannon Shell

http://pullthepocket.blogspot.com/20...long-term.html

Balmoral part

Been a few years since I played Balmoral with any kind of seriousness and regularity, but that is astounding they are generating that kind of money in their pick 4 pools.

[Calzone Lord]

I would look at every So. Cal race - each racing day - if they had a 15% takeout on doubles.

It would obviously increase the amount of money I bet on the So. Cal circuit big-time ... and it's not going to change how much I bet elsewhere.

For the TOC to draw a line in the sand over that is pretty lame. They're "willing" to give-up half of the takeout increase ... and they say that like they're bargaining for their own betterment or something.

It's almost like they want the handle to suffer as much or more than they wanted the purse increase. I guess if the handle suffers -- it helps them in their quest to get Internet Poker or whatever else they want from the state politicans.