Del Mar is having a pretty good meet. A look at their 2012 handle numbers reveals they are up 5.5% overall this year vs. last year.
Let's take a closer look and see where handle is up and where it is down.
Handle Trend Races 1-5
The screenshot below shows the summary tab of our spreadsheet for races 1-5 - or the races in the 14% Takeout Pick 5 sequence only.
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| (To view, right click and select Open in New Window.) |
There is plenty of interesting data, trends, and black ink on the page worthy of being investigated.
That said, there are a few things I would like to point out:
First, handle for every wager type – WPS, EXA, QUI, TRI, SUPER, DD, P3, and P5 – all of them UP.
Q. What single wager type is up the most?
A. That’s easy. It’s the 14% Takeout Pick 5 and it’s up 51.8% this year vs. last year.
Q. Is it possible that instead of cannibalizing handle, customer awareness about the 14% Takeout Pick 5 bet is generating overflow handle into the other pools and races for the races involving the pick 5 sequence?
A. Overall handle for races 1-5, the races in the 14% Takeout Pick 5 sequence is up an encouraging 10.2% this year vs. last year.
There’s one thing about these numbers that I find truly remarkable - and you would only know this if you happen to have studied long term handle trends. By long term handle trends I mean handle at all tracks everywhere spanning – oh, the past 75 years or so. What you may not know is that historically, the early races on race cards garner the lowest amount of interest and handle while the later races on race cards garner the highest amount of interest and handle. That’s the big picture trend.
The trend for the races in the 14% Takeout Pick 5 sequence represents a sharp departure from that. Taken in that light, overall handle growth of 10.2% for the first five races seems noteworthy (to say the least.)
Handle Trend – Races Outside the 14% Takeout Pick 5 Sequence
The screenshot below shows the summary tab of our spreadsheet for races other than 1-5 - or just those races NOT part of the 14% Takeout Pick 5 sequence.
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| (To view, right click and select Open in New Window.) |
There is plenty of interesting data, trends, red ink, and black ink on the page worthy of being investigated. That said, there are a few things I would like to point out:
First, handle for the following wager types – WPS, QUI, TRI, SUPER, DD, Hi5, and P3 – all of them DOWN.
Q. What single wager type is down the most?
A. That’s not so easy. Superfectas are down the most percentage-wise at minus 5.8%. Trifectas are down the most in terms of sheer handle dollars at minus just over $600k.
Q. What single wager type is up the most?
A. That’s easy. The $2.00 pick 6 is up 25.3% (compared to a 51.8% increase for the 14% Takeout Pick 5.)
Overall handle on the races outside of the 14% Takeout Pick 5 sequence is up just 1.6% (compared to a 10.2% overall handle increase for the races inside of the 14% Takeout Pick 5 sequence.)
That is all for now. I hope you found these numbers interesting. I know that I did.
Jeff Platt
President, HANA
About our Handle Numbers
HANA volunteers recorded data from Equibase charts into an Excel spreadsheet for the first 25 days of the 2012 Del Mar meet and for the the 2011 and 2010 meets at Del Mar in their entirety. The numbers above compare the first 25 days of racing from this year’s meet to the first 25 days of racing for both the 2011 and 2010 meets. We have 217 races over the first 25 days in 2012, 218 races over the first 25 days in 2011, and 217 races for those first 25 days in 2010. We next compared our numbers to handle reports pulled from CHRIMS. The CHRIMS numbers made available to us show totals only and do not enable a breakout by wager type or race number. However, our Equibase meet to date totals are in line with meet to date totals pulled from CHRIMS – giving us a fair degree of confidence that the numbers presented above are accurate.
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