tag:blogger.com,1999:blog-1484410456100254393.post7714214084321000757..comments2024-01-17T03:17:36.984-05:00Comments on Horseplayers Association of North America: QuestionHANAhttp://www.blogger.com/profile/17545107814723134177noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-1484410456100254393.post-86321968963805608032009-03-04T13:25:00.000-05:002009-03-04T13:25:00.000-05:00Although my comment is off subject, it does relate...Although my comment is off subject, it does relate to the slots issue...<BR/><BR/>FINALLY, Texas lawmakers are ralizing the benefit of installing VLT's at Texas horse and dog tracks. I wanted to share an article that was published on the front page of today's Houston Chronicle: <BR/>http://www.chron.com/disp/story.mpl/sports/6292543.html<BR/><BR/>The time is now for Texas to keep our beloved Unknownhttps://www.blogger.com/profile/09178413248867893043noreply@blogger.comtag:blogger.com,1999:blog-1484410456100254393.post-70785059674400162632009-02-26T23:07:00.000-05:002009-02-26T23:07:00.000-05:00I'm sure there is some corruption in racing. There...I'm sure there is some corruption in racing. There is corruption on Wall Street, but I still trade stocks and options because I have learned how to make a profit through hard work and due diligence. Same with racing. I make a profit through hard work and due diligence.<BR/><BR/>I learned a long time ago from Howard Sartin that if you think the game is fixed then don't play it. So you are rightAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1484410456100254393.post-85906212967376652582009-02-26T07:48:00.000-05:002009-02-26T07:48:00.000-05:00If I understand these posts correctly, anything po...If I understand these posts correctly, anything positive that racing needs to do to survive and keep/grow the wagering base, is impossible.<BR/><BR/>Under current conditions matched with today's (and tomorrow's) economy, racing revenue will most certainly decline. The tote system used today cannot be trusted. Trainers cannot be trusted. Owners cannot be trusted. Jockeys cannot be trusted. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1484410456100254393.post-74194056920013156692009-02-25T00:14:00.000-05:002009-02-25T00:14:00.000-05:00Cangamble, Please don't read my posts or make comm...Cangamble, Please don't read my posts or make comments regarding them. Especially, since you have demonstrated that you are incapable of engaging in an exchange of discourse with a perspective that differs from yours without being an insulting omniscient bore. Oops, sorry you're not omniscient. (all knowing) You are just a one trick pony. (the takeout is the determinant for being a winner or Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1484410456100254393.post-26424258434935462482009-02-24T20:10:00.000-05:002009-02-24T20:10:00.000-05:00Chris, when I bet with rebate houses at approximat...Chris, when I bet with rebate houses at approximately half the take, I wind up betting around 4 to 5 times more than I would have without rebate.<BR/>I hope that gives you a clue of what would happen with lower takeouts.<BR/><BR/>D. Bantu, I can't read your posts anymore. They are void of any common sense.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1484410456100254393.post-76632112262958183092009-02-24T16:13:00.000-05:002009-02-24T16:13:00.000-05:00Anonymous 24Feb 2:36pm,I don't believe the racetra...Anonymous 24Feb 2:36pm,<BR/>I don't believe the racetrack operators are offering enough creative and innovate wagering propositions that reward patrons from the lowest to the highest contrasted to casinos. We are still offering predominately the same wagering propositions of the last 25 years. Today there is a news bulletin on TT announcing the acceptance and growth of the ten cent superfecta Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1484410456100254393.post-43010401607282359542009-02-24T14:49:00.000-05:002009-02-24T14:49:00.000-05:00Chris,I understand that, and thank you for the tho...Chris,<BR/><BR/>I understand that, and thank you for the thoughtful comment. However can you riddle me this? Why did the Singapore Turf Club cut takes in half and make more money? Why does Australia, after years of tinkering, set a cap on takeouts at 16%. Do they not have a track to pay for too? Are these places charities, or good businesses? I would argue the latter. And I think we better get HANAhttps://www.blogger.com/profile/17545107814723134177noreply@blogger.comtag:blogger.com,1999:blog-1484410456100254393.post-14304929434217259792009-02-24T14:42:00.000-05:002009-02-24T14:42:00.000-05:00Anonymous,With respect, maximizing revenue and cus...Anonymous,<BR/><BR/>With respect, maximizing revenue and customer satisfaction cannot be done in a vacuum. I understand the point of the post quite well. My post was intended to point out a critical weakness in ANY comparison between slot machines, poker, lotteries etc. and horse racing; the cost structures are entirely different.<BR/><BR/>If you install a slot machine and your takeout is 30%, Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1484410456100254393.post-54839742632525109962009-02-24T14:36:00.000-05:002009-02-24T14:36:00.000-05:00Mr Bantu,I have read your posts. If your suppositi...Mr Bantu,<BR/><BR/>I have read your posts. If your suppositions are correct racing would be thriving and places like Betfair would be going to government cap in hand for slots because they are losing money. <BR/><BR/>It is not happening. Racings prices are too high for the modern gambler and anyone who does not think so is simply not looking at reality.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1484410456100254393.post-89988209704273618312009-02-24T14:31:00.000-05:002009-02-24T14:31:00.000-05:00Cris Chase,Thank you for being a voice of thoughtf...Cris Chase,<BR/>Thank you for being a voice of thoughtful reason and rationale about the issue of the take. At times on this blog, I have felt as if I was part of a small minority with similar thoughts. I am D. Bantu and have written quite a few posts concerning this issue under the poker players thread. A central point that few acknowledge is that the take is the transaction cost for engaging inAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1484410456100254393.post-79447000805805202702009-02-24T14:10:00.000-05:002009-02-24T14:10:00.000-05:00Losing money as fast as possible does seem to be t...Losing money as fast as possible does seem to be the method of operation for racing. It did work when they were a monopoly.<BR/><BR/>For a different view on betting racing, takeout, and customer churn and retention, this is from Betfair's annual report:<BR/><BR/>4. But shouldn ’t we want customers to lose money as quickly as possible ?<BR/><BR/>Slot machine operators around the world<BR/>HANAhttps://www.blogger.com/profile/17545107814723134177noreply@blogger.comtag:blogger.com,1999:blog-1484410456100254393.post-37254627349951597772009-02-24T13:38:00.000-05:002009-02-24T13:38:00.000-05:00As I've said before....a huge number of racetrack ...As I've said before....a huge number of racetrack executives and racing power people like Chris Scherf have preached that anybody who is a winning horseplayer is stealing money from the tracks. In their perfect world, all they want is everybody who walks out the door after the races to have less than they came with while churning their money as much as they can.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1484410456100254393.post-43838277307899699642009-02-24T11:15:00.000-05:002009-02-24T11:15:00.000-05:00Chris, The point of the post is that slot machines...Chris, <BR/><BR/>The point of the post is that slot machines lowered their takeout from 30% in the 1970's to todays present levels of around 6%. They did not do it because a casino is a charity, they did it because they made more money.<BR/><BR/>We are still waiting for this business to try something that was done in another almost 40 years ago. It has nothing to do with costs, it has everything Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1484410456100254393.post-2338910950170850212009-02-24T11:09:00.000-05:002009-02-24T11:09:00.000-05:00As with many of the discussions around takeout, th...As with many of the discussions around takeout, the solution is not as simple as simply lowering the existing rates. Take a moment and think of how many costs have to be covered for any given race. It isn't just the purses that need to be paid, but takeout ultimately has to cover a whole host of expenses that go into keeping a track open for business and running races safely.<BR/><BR/>The concernAnonymousnoreply@blogger.com