Thursday, August 22, 2013
Kentucky Downs Readies For Meet. Low Takeout, Big Fields
The $18.25% takeout on Exacta wagers on Kentucky Downs’ races is the lowest in North America. The track will have a low 14% takeout on its new Pick 5 bet. The takeout on Win, Place and Show wagering is 16% and is 19% on the remaining exotic wagers.
“Kentucky Downs offers some of the best betting value anywhere,” said Jeff Platt, President of the Horseplayers Association of North America (HANA), an organization which promotes issues important to racing fans. “Exacta takeout is the lowest in North America. Combine that with a 19% takeout on other exotic bets and great average field size, and I am not surprised that the handle trend is up.”
“HANA’s recognition of our product offering means a great deal, because we want Kentucky Downs to be known as the ‘Horseplayers’ Racetrack,’” Kentucky Downs President Corey Johnsen said. “Providing value to the betting public drives every decision we make. Our goal is to present quality racing run over a safe, consistent race course with an attractive takeout structure and wagering menu.”
In addition to $2 Win, Place and Show wagering, Kentucky Downs will offer $1 Exacta wagers and $1 Rolling Doubles, while minimum wagers of 50 cents will be available on the Trifecta, Pick 3, Superfecta, Pick 4, Pick 5 and Super Hi-5.
In September, Kentucky Downs will offer 10 races a day, with an average daily purse structure of $900,000. The richest race is the $400,000 Kentucky Turf Cup (G3), the centerpiece of Kentucky Downs Million Day on Sept. 14.
Press Release Courtesy Kentucky Downs
Thursday, August 15, 2013
Cary Fotias - Seeking Change and the Ellis Park Pick 4
Cary was a true horseplayer advocate. He rarely got bogged down in minutiae, and always kept his eye on the prize: Horseplayer respect, market driven takeout rates for everyone, and a hopeful growth in the game he not only played daily, but adored.
Cary, who spearheaded the Ellis Pick 4 4% takeout bet way back in '07, was revolutionary. Although some track executives balked when it did not have quadruple or more the handle it did the previous year in week one, the industry was taught an important lesson. Despite the bet not being offered in many jurisdictions, average handles increased from the $15,000 range to an end of meet $42,000; on claiming crown day the bet even approached a $100,000 pool. Players were playing lower takeout bets and were opening up new ADW's who were taking the bet. This had never before been seen in horse racing.
If we fast forward to today, even California (who raised takeout late the previous year and were skewered) offered a low takeout pick 5 to save their hides in 2010. You can't go to any track (well, maybe not some in Pennsylvania) who do not offer a lower takeout bet on their menu. Each time you cash a low rake pick 3 or double at Lone Star, or a pick 5 at Del Mar, or a new pick 5 at Belmont next meet (they are offering a 15% takeout pick 5 then, if all goes well), or a win bet at Woodbine (they reduced win takeout to the lowest in North America just this year), remember the Ellis Park Pick 4. Remember Cary Fotias. That extra money you get back to enjoy the game more, rebet, and become a happier customer, probably in no small way has his name on it.
Wednesday, August 14, 2013
2009 Survey Results Not Dissimilar On Integrity
Here's a set of questions regarding drugs and how you answered them in 2009 (click to enlarge):
And here were the betting demo's of that survey:
It's interesting how you, the discerning horseplayer, look differently at illegal and legal drugs. It's also interesting that smaller bettors and bigger bettors are on the same page on the issue.
Monday, August 12, 2013
Jockey Club Round Table Focuses on The Game We Love
A couple of weeks ago, HANA and Jerry Brown at Thorograph were contacted and asked if both of us could distribute the survey to our members. We did and many of you responded, and with the survey being longer than an average one, it was appreciated.
From Ray Paulick who tweeted out the round table yesterday:
— 86% of the biggest bettors avoid certain tracks and states because of concerns over medication/integrity
— 79% of horseplayers factor in illegal drug use when handicapping races at certain tracks
— By a margin of 9 to 1, horseplayers say they bet less, not more, because they have to factor the possibility of illegal drug use
— 91% of horseplayers are “tired of waiting” for medication reform and want it now
— 82% of big bettors want to see all drug testing results published, 79% strongly support out-of-competition testing, and 73% think a horse’s attending veterinarian’s name should be made public.
Your answers mirror much of what you answered in the HANA Survey in 2008. As time goes on, much stays the same.
People may ask why are bettors concerned so much about drugs in horse racing? Don't we just want to cash a ticket and be outta here?
The answer to that is simple.
The art of handicapping, whether we are a small player or a large player, is a life long pursuit. We study pedigree, and pace scenarios and form cycles. We study second off layoffs, turnbacks, surface switches, Tomlinson's and form.
We read books and listen to podcasts. We chat on chat boards about big races and argue about their outcome on twitter or at our local racetrack. We live, breathe and eat horse race handicapping. It's what we love to do.
As Andy Beyer once said, some trainers have sabotaged the art of handicapping, and (sorry to not mince words here) that pisses us off. Those trainers aren't just sullying the game for owners and others who participate in it, they sully our game. The game we spend hundreds upon hundreds of hours enjoying and studying. The game with memories of learning to handicap with our parent. The game we enjoy to no end.
Handicapping is the greatest gambling game ever invented. It's a puzzle that stretches the mind, keeps us sharp and engaged and it's what we do. It's a part of our lives. With that, why would we expect answers to that survey to be anything what they were? If you attack our great game and the horses who allow us to facilitate it, you are not going to be considered to be anything but a detriment.
Thursday, August 1, 2013
Cary Fotias - State of the Game Address
State of the Game Address
By Cary Fotias
Tuesday, July 30, 2013
John Swetye on Cary Fotias
Cary stood on the shoulders of giants, but he was also a genius.
He was influenced by Ragozin and Sartin, but expanded their ideas. Like Ragozin, Cary made figures, but like Sartin, he added velocity to the mix. Cary's creation was velocity-based pace figures that were used to identify not only the fastest horses, but also horses coming into or falling out out of peak condition.
He once showed me the reams of data he used to do statistical analysis of horses shipping from track to track and dropping in class. He used the knowledge from the research to make sure the adjustments he made to the running times of the races made accurate daily variants. I doubt anyone has ever used such high level math and extensive research to design a system to make figures. I have seen, read and heard a lot about how to make speed/pace figures, but I have never known of any other figures that were made at the high level of Cary's numbers. His methods were revolutionary. His methods were also proprietary, but even if they weren't, there are very few who would be willing or able to follow in his footsteps. The task is simply too daunting for most.
Huey Mahl was a rocket scientist who liked to predict the trajectory of horses running around a track. Cary Fotias was a professional horseplayer who could have calculated the trajectory needed by a rocket to land on the moon.
He came up with so many new concepts that he had to devise names for them -- Reversal, New Pace Top, Cyclical Pace Top, Plunge Line, Turnback and my personal favorite -- Turf Decline Line, etc. I don't know of any other handicapping author who presented so many unique, even revolutionary, ideas in one book.
Noted handicapping author, James Quinn, Ph.D., summed up Cary and his book, "Blinkers Off" very nicely:
"A new voice for the new millennium belongs to Cary Fotias, and he comes in loud and clear. His contribution is both contemporary, one might even say postmodern, and significant. He uses velocity-based pace numbers and energy distribution concepts to identify horses coming to peak condition. The horses can be expected to deliver their best efforts next time, and many do.
A number and variety of figure analysts have depended upon numerical patterns to infer improving form, even peaking form, but none has succeeded, with a high degree of reliability, until now.
A new and important author and book that can enhance handicapping proficiency is always cause for celebration. This one is cause for jubilation."
Nick Mordin may have written the best description of Cary, "Cary was the loudest, funniest, smartest and nicest man I've ever known."
Cary Fotias was a wonderful man. He was never out to hurt anyone or put anyone down. He was as honest and trustworthy as anyone I have ever met. I sure am going to miss him.
Thursday, July 11, 2013
Hong Kong Racing Outhandles the US
From this side of the pond there are myriad excuses given how the above could occur, namely the lack of competition, dense population base, cultural differences and more in Hong Kong. However, when one compares apples to apples and digs into it, it appears to be a heck of a lot more than that.
It wasn't always like this. In 2006-2007, handle was falling, just like it was in the US and Canada. Then some changes were made, and the tide was stemmed.
Lowering takeout through rebates on losses in 2007 was the big factor, and along with the usual things Hong Kong tends to do: Publishing vet reports, making sure the product is beyond reproach and others, has resulted in a 57.1% handle increase since 2006.
In the US handle was $14.8 billion in 2007 and will likely come in somewhere around $11 billion this year, for a 25% decrease.
Is horse racing dead? Not in Hong Kong it isn't. It seems it's thriving.
Monday, July 8, 2013
Stop The Madness In Florida
This has caused issues for horsemen as well. Gulfstream is allowing horses to race anywhere they want and remain stabled at the track, but Calder has taken a much more restrictive approaching, prohibiting horses that race anywhere else in the state of Florida from returning to the track. As this previous article about the situation explains, Calder's strategy isn't just aimed at Gulfstream, but also Tampa Bay Downs, which ran two days (June 30 and July 1). This article explains Tampa Bay Downs' approach. Since they ran those two days, Tampa Bay Downs is now a full-time simulcast host, and now longer has to accept wagers through Calder. That upset officials at Calder, and at the time, they indicated it could lead to purse cuts.
This fight between Calder and Gulfstream, and even Tampa Bay Downs, must get resolved not just for the health of racing in Florida, but for the health of the sport in general. Throw in the continued flap about parimutuel barrel racing in the Sunshine State, and there are even more problems. What is the solution? Calder and Gulfstream need to work out a lease or some other similar type of agreement where Gulfstream could run some of Calder's dates. The sooner this happens the better, and the state must show proper leadership and get involved to get it resolved. While the tracks are claiming wagering bonanzas, the biggest field (after scratches) on Sunday at Calder and Gulfstream were only seven horses, which is not as attractive as it would be if there was only one track in operation.
There is nothing wrong with healthy competition for wagering dollars between tracks, but in this case, the tracks are hurting each other and in turn, hurting the horseplayers, and it needs to end.
Tuesday, July 2, 2013
Do Hollywood Park Stewards Drop The Ball?
As you can see in the race replay, Branding, with Gary Stevens aboard, was making what appeared to be a winning move in the stretch when she was shut off in between the eventual winner, Miss Radiance (Alonso Quinonez), and the loose So She Dances. Track announcer Vic Stauffer said in his race call that Branding was "sawed off by the loose horse...and that you can't claim foul against a loose horse."
However, with the stewards not putting up the inquiry sign and allowing the winners' circle photo to be taken, Stevens claimed foul against Miss Radiance and Quinonez, and with apparent good reason as you can see on the head-on replay that begins at 5:30, it appears that the loose horse wasn't the culprit, but Miss Radiance drifting out into Branding's path under a left-handed whip. The stewards looked at the head-on replay for approximately four minutes, and despite the apparent video evidence that Miss Radiance had fouled Branding, they ruled that "although Miss Radiance drifted out it did not cost Branding a better placing," and allowed the result to stand.
The stewards' decision caused a social media uproar with Branding's owner Craig Bernick, trainer Tom Proctor, and Stevens (1, 2) all disagreeing with the stewards' decision via Twitter. Media members Jay Privman (DRF) and Becky Witzman (HRTV), among others, were also against the call as was owner Samantha Siegel. Horseplayers were also displeased with tweets like this and this representing the general feeling. One person was happy, though, that being television and radio personality Jim Rome, whose Jungle Racing LLC owns the mare.
There are issues with this decision. First, the decision appears to be wrong given the video evidence, and second, the reasoning given, that Branding didn't miss out on a higher placing, is also faulty. Finally, what mechanisms are in place to check this call? If this was the National Football League, a supervisor of officials would review the call, and if deemed wrong, the league would issue an apology and the officials would be subject to discipline. Will that happen in this case?
This final tweet sums up the entire situation for many -
What do you think?Those Hollywood Park stewards are really on their A-game. #HorseRacingShitNoOneSays
— ShitNobodySaysRacing (@NoOneSaysRacing) July 1, 2013
Wednesday, June 19, 2013
Are Major Changes (Still) Needed at the CHRB and TOC?
The boycott of California racing was not done to hurt California racing. The boycott was done to help it, by hoping to force change in the various organizations like the CHRB and TOC.
From the third item in the Boycott proclamation, as reported by Ed Zieralski was about a restructuring of the alphabets:
- Players Boycott proposes a new "Gambling Board" to advise the CHRB on all gambling related matters such as new bets, takeout rates and scratch rules. Organizers see this board including an economist, a track official, and a player representative. They don’t believe the present CHRB members understand gaming issues. Players Boycott believes that experts should be the ones making gambling-related policy for thoroughbred racing in California.
Now two years later, with the recent news regarding the TOC, CHRB and the associated Ray Paulick and Bob Baffert feud, we believe this was especially prescient. We'd submit, if they looked into changing the leadership and putting people in charge with specific, professional skills at that time, they may not be in the position they are today.
California racing - its short fields, its infighting, its lack of trust in any form of leadership - has caused a vacuum. That vacuum has consumed the industry there where it seems no one trusts anyone, and nothing can get done in any positive fashion.
How can they possibly right the ship with the present structure? How can they get competitive takeouts, better field size, costs of doing business reductions, racedates, new tracks, old tracks, stabling and all the rest that's need to be done in a multi-billion dollar industry if they stick with the status quo?
Just like two years ago when the Players boycott was taking place, players believe that there needs to be an overhaul. There are good people in California racing - people who are smart, passionate and dedicated to the task at hand. They need to be moved from the background to the forefront. They need to be in charge of restructuring the sport in the Golden State, and lead like leaders do.
Tuesday, May 28, 2013
Massive Takeout Reductions at Grand River Raceway
The reductions total 23.15 per cent across seven pools:
• Win/Place/Show takeout rate reduced from 21.90% to 16.95%
• Exactor takeout rate reduced from 21.90% to 20.50%
• Daily Double takeout rate reduced from 21.90% to 15%
• Pick 4 takeout rate reduced from 24.90% to 15%
The Elora, Ont. track is also introducing the Super Hi-Five wager for one select dash on each card. This wager challenges players to select the top five finishers in a race. The Super Hi-Five takeout will be 15%.
The full press release is here.
Saturday, May 4, 2013
Orb!
Wednesday, April 10, 2013
2013 HANA Track Ratings Sortable Spreadsheet Is Now Live
It's all live now, sortable by almost every metric.
To check it out, please click here.
And remember, satellite tournaments and the low takeout $10,000 HANA Game at Derby Wars is this Saturday, with races from Keeneland, Oaklawn and Aqueduct, including the Blue Grass. We hope to see you there!
Monday, April 8, 2013
$10,000 HANA Game and the Love of Handicapping Contests
Saturday, April 6, 2013
HANA NEWS - April, 2013
Here's a link:
http://www.horseplayersassociation.org/hananewsapril2013.html
Not only are Santa Anita's year over year handle numbers for the 14% takeout pick five up $5.35 million and 46.9 percent respectively - but, apparently, the low takeout bet is sparking handle growth in the pools of the other wagers on the wagering menu for the races in the pick five sequence.
With 1 fewer race day this year vs. last year - and looking strictly at the races in the Pick5 sequence - or races 1-5 only:
Dollar Change in Total Handle Q1 2013 vs. Q1 2012:.......... UP $16.45 million
Percentage Change in Total Handle Q1 2013 vs. Q1 2012:.. UP 10.14 percent
However, looking only at the races outside the Pick5 sequence:
Dollar Change in Total Handle Q1 2013 vs. Q1 2012:.......... UP $2.13 million
Percentage Change in Total Handle Q1 2013 vs. Q1 2012:.. UP 0.94 percent
Read more at the HANA Blog...
What YOU can do to reinstate ADW (Account Deposit Wagering) in your state.
Make a difference! -click here-
(March 29 2013) - The Horseplayers Association of North America's (HANA) harness racing division in association with the Hambletonian Society, Chicago Harness (Balmoral and Maywood Parks), The Meadowlands, Tioga Downs, and Vernon Downs is pleased to announce "The 2013 Grand Circuit Handicapping Challenge".
The format of this year's competition is a change from past Pen vs. Chip competitions as it doesn't matter which type of handicapping method a handicapper uses as long as it is their own. In addition, instead of handicapping complete race cards, the contest focuses only on Grand Circuit races. Using the Grand Circuit schedule, excluding most elimination races, handicappers will be given $30 to wager as they will on race finals or in the case of races being contested in divisions, on one or more of the divisions. Each gambler must invest the full $30 or they will be penalized. The handicapper with the highest net profit after the last Grand Circuit race of the year will be the champion. The contest begins and concludes at Northfield Park; beginning on April 26 with the Courageous Lady and concluding on December 14 with the Cleveland Classic and includes 74 contest dates and 230 individual races. Rules and the Schedule of Races may be found at the contest website.
For more info contact Allan Schott at: allan@hanaweb.org
Read more at the Contest Website...
(March 26 2013) - The Horseplayers Association of North America is pleased to announce that once again this year, the membership is invited to participate in an online handicapping tournament on Saturday April 13th. This unique event will feature high quality races (including the Blue Grass Stakes and Arkansas Derby!) from tracks with advantageous takeout rates.
The handicapping contest is in partnership with derbywars.com, the preeminent online tournament site committed to providing players ample contest opportunities at industry leading takeout rates. Through the Derby Wars chat environment, members will be able to interact in real time with one another as well as HANA leadership. Please feel free to ask questions about our charter and find out more about our commitment to improving the game while enjoying the challenge of competing for a $10,000 prize pool.
Read more at the HANA Blog...
Contest site sign up link -click here-
Live racing returns at Hastings Race Course. Opening Day is Saturday April 13, 2013. First post is at 1:50 pm pacific.
Quote from Raj Mutti, Regional General Manager for BC Racing:
"Hastings will offer low takeout of 15% on their WIN/PLACE/SHOW, Daily Double, Pick 3,4,5 wagering pools once again this year.Visit HastingsRaceCourse.com...
"Also this year after upgrades to our tote we will be able to offer our US players fractional wagering on Superfecta and Pick 4 Pools at $.20 and Pick 5 Pool at $.60.
In the US players can play us thru TVG, Twinspires, Xpressbet and various tracks and offtrack locations through the country.
Over the last couple of years as part of our reduced takeout strategy we have seen significant handle gains, 5% in 2011 and 12% in 2012, and in 2013 we hope to continue that trend with further market penetration."
You make the call.
Read more at DRF.com...
It's been nearly two months since veterinarian Orlando Paraliticci was banned from the Tampa Bay Downs premises by track management because of an incident that took place at the barn of trainer Jane Cibelli. Paraliticci, known as Dr. O on the backside of the Oldsmar, Fla., racetrack, allegedly was observed injecting a horse's knee on the morning it was scheduled to race - a practice that is strictly prohibited.
Read more at The Paulick Report...
Racing Commissioners International (RCI) today gave final approval to the RCI Controlled Therapeutic Medication Schedule, setting the stage for uniform implementation of racing medication rules in the United States and beyond.
The RCI schedule is intended to be a guide for testing laboratories in determining the level at which the presence of a substance would violate the rules and become a violation. It also creates restrictions on administering medications within times certain prior to a race, creating a clear line that horsemen and veterinarians should not cross.
Read more at The Paulick Report...
Horses competing in Saturday's Santa Anita Derby have been put under surveillance for the 72 hours before the race for the first time after an owner with a horse in the race offered to pay for the enhanced security to ensure the race was run fairly and provide transparency to the betting public.
Read more at the New York Times...
HANA Newsletter Editor's Note:
As much as increased security for Graded Stakes Races seems like such a no brainer, multiple sources in California have told me final approval for this was no slam dunk. Apparently, the idea was met with significant resistance by the higher ups at both the TOC and CHRB. In my opinion, Santa Anita President George Haines deserves a tip of the hat from horseplayers everywhere for standing firm and getting this done.
Jeff Platt
President, HANA
