This is a true story. I was talking to a general manager of a racetrack and said "how about that 25% takeout on exactas?" And he said "I know! The state won't let us take any more than that!" I think he missed the point slightly.
So goes a quote from horseplayer Rich Halvey's piece in Horseplayer Magazine this month.
We have a long way to go folks.
Wow. The implications of that level of ignorance at that level of the business really make the mind reel.
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