tag:blogger.com,1999:blog-1484410456100254393.post1693652158430814434..comments2024-01-17T03:17:36.984-05:00Comments on Horseplayers Association of North America: Harness Bettors Getting the Message ThroughHANAhttp://www.blogger.com/profile/17545107814723134177noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-1484410456100254393.post-64972735559377967382009-12-10T17:34:16.997-05:002009-12-10T17:34:16.997-05:00Your phrase is brilliantYour phrase is brilliantAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1484410456100254393.post-89035168475618061322009-11-19T08:37:56.488-05:002009-11-19T08:37:56.488-05:00Gerald, youth is being exposed to gambling at Betf...Gerald, youth is being exposed to gambling at Betfair and online poker.<br />What draws them is the fact they know they can last on a shorter bankroll, and the fact that they know that actual winners exist.<br /><br />In other words, you need lower takeouts first, and that is what is needed to draw new players and keep new players.Cangamblehttp://www.cangamble.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-1484410456100254393.post-78247255970238718642009-11-18T12:30:17.760-05:002009-11-18T12:30:17.760-05:00I guess I haven't made myself clear. I don...I guess I haven't made myself clear. I don't have a problem with reducing takeouts if it makes sense from an economic standpoint. But <b>reducing takeouts is not the sole answer</b> to increasing handle. <br /><br />Several years ago Laurel Park held a 10-day meet with a "blended takeout of 11.34% across the board" designed to generate handle. According to Maryland Jockey Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1484410456100254393.post-29597208198561890442009-11-18T10:39:18.053-05:002009-11-18T10:39:18.053-05:00Gerald, do you know how and where the extra money ...Gerald, do you know how and where the extra money made by those who hit the pick 4's at Ellis Park went?<br />Did it go to buy new suits, cars, down payments on houses? I doubt it.<br />What it did was enable bettors to play longer than they would have without the takeout reduction.<br />The fact is that much of the excess money won was bet at other tracks as well, which makes such a Cangamblehttp://www.cangamble.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-1484410456100254393.post-28344708384975650462009-11-18T00:54:48.455-05:002009-11-18T00:54:48.455-05:00Hi Gerald,
Apologies for not being clear - horse ...Hi Gerald,<br /><br />Apologies for not being clear - horse racing has a virtual monopoly on legal wagering as casino's and many other forms of gambling competition are illegal in the criminal code. There is no slot, poker, roulette etc competition there. As you know, virtual monopolies generally do well and can charge pretty much what they takeout they like.<br /><br />Thanks for the HANAhttps://www.blogger.com/profile/17545107814723134177noreply@blogger.comtag:blogger.com,1999:blog-1484410456100254393.post-16542039783043197142009-11-18T00:32:39.889-05:002009-11-18T00:32:39.889-05:00First, in response to your "Just a note: gamb...First, in response to your "Just a note: gambling is illegal in Japan, and in the criminal code," please vist http://japanracing.jp/_statistics-local/2008/local01.html to see the handle on Japan horse racing from the years 2003-2008.<br /><br />Then visit http://japanracing.jp/japan/rules-j.html#c11 to read "The Japan Racing Association Rules of Racing", specifically "Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1484410456100254393.post-72162906815807986062009-11-17T21:36:59.842-05:002009-11-17T21:36:59.842-05:00HANA didn't respond to the older/younger comme...HANA didn't respond to the older/younger comment, which is almost correct -- except is doesn't specifically have to be as a fan base, since fans don't pay for the show -- the ideal is actually younger bettors, not younger fans.<br /><br />You should search here on the blog for the demographics of betfair, as compared to US racing. It turns out young people really really like having aAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1484410456100254393.post-48842257114269530952009-11-17T18:55:48.472-05:002009-11-17T18:55:48.472-05:00Hi Gerald,
Just a note: gambling is illegal in Ja...Hi Gerald,<br /><br />Just a note: gambling is illegal in Japan, and in the criminal code. <br /><br />The ELP pick 4 increased wagering by over 100% (a double). On one day the pick 4's which averaged $17000 the previous year hit close to $100,000. This was despite the fact that due to low takeout almost all ADW's and offtracks would not accept the bet.<br /><br />HANAHANAhttps://www.blogger.com/profile/17545107814723134177noreply@blogger.comtag:blogger.com,1999:blog-1484410456100254393.post-77538926719496427362009-11-14T16:38:18.981-05:002009-11-14T16:38:18.981-05:00When Ellis Park reduced the takeout on Pick-4 wage...When Ellis Park reduced the takeout on Pick-4 wagers from 25% to 4% in 2007 they saw little benefit. The "increase in handle on the Pick-4 did not negate the loss in takeout, showing that horseplayers prefer action over a edge."<br /><br />All wagering in Japan is subject to a 25% takeout, yet they draw huge crowds. <br /><br />Reducing takeout is not the answer. Fan base is the Anonymousnoreply@blogger.com