Brenden O'Meara over at Horse Race Insider says the following today:
I’m not sure what to think of 2011. On the surface there’s absolutely nothing to look forward to. The main beef with this 2011 — and it’s only eight days old — has everything to do with takeout.
Takeout needs to be on the conscience of everyone. When Santa Anita president George Haines tells Daily Racing Form that, “Maybe the top point-one percent of the handicapping world has that in their equation — what the takeout is — but for the most part, people are looking at handicapping winners.”
People need to know about this, everyone from the $2 bettor to the “point-on percenters.” Otherwise positive change for the engine that drives the sport will always play understudy to indifference.
It seems this is true, and if you go on chat boards, or on industry sites, there is more and more sensible and honest talk about one of the most important parts of any industry, gambling game, or business - it's price.
Read more from Brendan here.
Well, they are fools. I am one of those $2 bettors but to quote our politicians, the top 1% probably bet 50% of the money in the pools.
In this case, it is not the number of people you tick off; it is the amount of money they wager.
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