As we reported some of the survey results below, almost nine in ten members say that the industry must clean up the tote system. It seems late odds changes are beginning to wear on the fan base. Friday's race 5 at Hollywood Park seems to illustrate this well.
The eventual winner, Spirit of Cochise was 6-1 for almost all of the betting - until the very end.
That is (the green line is the money on Spirit of Cochise) a boatload of cash folks. All other horses lines move down, and Spirit's is like an Intel stock chart when announcing they beat earnings estimates by a football field.
What track execs do not seem to understand about this, is that we as horseplayers bet horses based on our perceived value. At 6-1 a horse is a green light or red light bet based on our thoughts about a 14% or so hit rate. The other horses are handicapped the same way. When a 14% chance horse is transformed into a 28% chance horse in one flash, it causes us serious difficulties as horseplayers.
The tote system in racing needs an overhaul. It is failing racings customers.