"History says unequivocally, that rising takeout percentages never do compensate for declining handles. Higher takeouts, by themselves, without boycotts, precipitate declines in handles...... Indeed, early signs at the pari mutuel windows suggest that purses might have to be cut in a few weeks rather than raised; if this does occur as the trends suggest, the purse reductions will be a direct result of the CHRB and (horsemen approved) takeout increases"
The betting public is smarter than the CHRB appreciates. This has been true for many years and will remain true until the Board begins to really understand the dynamics of the racetrack gambling game---the best game man has ever invented---a game nonetheless under siege more from the decisions made on its behalf than from any outside influence."
Read more at Grade 1 racing.......
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