A few things catching our eye at HANA this Thursday:
First up, there are some new polls at Paceadvantage.com which members might be interested in. Jeff is asking for a cross section of thoughts on takeout, Arizona's ADW law and more. If you are a member of Pace you can vote right here on them.
Second up, a fascinating piece by Cangamble on takeouts. Cangamble, the little buzzsaw he is, went through a bunch of old racing forms via the web, searching for takeout news, and betting news. He uncovered several articles on takeout........ from 1935. The articles showed that youbetcha racing was congnizant that raising them will help the sport. Takeout was around 10% at that time, and it was being raised slowly but surely. There were several people that wanted that stopped. It is an eye-opening piece that shows that handle has not fallen by accident, it was a grand plan of a misguided nature.
Steve Zorn has been researching this and other things. Steve is an insider and he has often been seen banging a lower takeout drum of late. He seems to believe that we do not know what the optimum takeout should be to maximize revenues, but he figures it should be lower. We agree.
He commented on Cangambles piece saying "maybe 10% is the right number." Steve, if you could get takeout across the board set to ten percent for a few years, you would not only be a slam dunk winner for racings commissioner, they will make one of those bronze statues of ya.
Steve's second part of his 'what it will take to fix racing' piece focuses on some pricing thoughts. It's worth the read.