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-   -   11.4% takeout at Laurel? (http://www.derbytrail.com/forums/showthread.php?t=15236)

cmorioles 07-19-2007 05:37 AM

I will absolutely be playing this track heavy. If bettors don't support this, they are crazy. Not only that, I would imagine Laurel will really try to get a lot of use out of the beautiful turf course they renovated a few years back.

Kasept 07-19-2007 05:45 AM

Quote:

Originally Posted by SniperSB23
Unless that takeout applies to on track betting only I imagine the customer base they will be trying to appeal to is the off track betting one. I doubt people are showing up in droves to Ellis Park but a lot more people are betting their Pick 4's off track.

Except that a number of off-track units aren't taking the bet due to the fact that they stand to lose money after application of their sub-license signal fees..

philcski 07-19-2007 08:19 AM

Quote:

Originally Posted by Kasept
Except that a number of off-track units aren't taking the bet due to the fact that they stand to lose money after application of their sub-license signal fees..

...which is a real shame. What these ADW people don't realize is the $1-2 they would lose on a $100 P4 (4% takeout - ~5-6% signal fee) is MORE than made up for by additional wagering on the card. It's common business practice in retail to have "loss leaders" which is precisely what Ellis is doing here. If you could find a list of outlets that aren't taking the bet I'll write a letter on behalf of horseplayers to them.

SentToStud 07-19-2007 08:29 AM

Quote:

Originally Posted by philcski
...which is a real shame. What these ADW people don't realize is the $1-2 they would lose on a $100 P4 (4% takeout - ~5-6% signal fee) is MORE than made up for by additional wagering on the card. It's common business practice in retail to have "loss leaders" which is precisely what Ellis is doing here. If you could find a list of outlets that aren't taking the bet I'll write a letter on behalf of horseplayers to them.

It is a shame and I'll also write and call those non-participating outlets as well. With 80-90% of total handle off-track I guess for this to really work well they are going to need to amend the signal fee contracts, in effect splitting out the p-4 from other wagers.

philcski 07-19-2007 08:33 AM

Quote:

Originally Posted by SentToStud
It is a shame and I'll also write and call those non-participating outlets as well. With 80-90% of total handle off-track I guess for this to really work well they are going to need to amend the signal fee contracts, in effect splitting out the p-4 from other wagers.

Another wagering pet peeve of mine: you cannot play .10 supers from any facility that offers the wager or .50 pick 5's from Monmouth at NYRA- minimum bet, a buck. Their excuse- "it takes too long" (meanwhile there were 20 open terminals right next to where I was having the discussion :rolleyes: )

10 pnt move up 07-19-2007 09:08 AM

Seriously, do the OTB's have the power today that they held 5-10 years ago with the internert? I have not been to an OTB in several years. Most of the tracks are going to their own ADW system anyways.

deltagulf 07-19-2007 09:25 AM

yea the 11 % is good. a short 10 days, will they do it on the other meet.
going against toga and del mar in august is tuff.

parsixfarms 07-19-2007 09:42 AM

NYRA is taking the Ellis pic-4, so everyone heading to Saratoga this summer ought to make a point to invest at least a few dollars into that pool.

SentToStud 07-19-2007 10:03 AM

Quote:

Originally Posted by 10 pnt move up
Seriously, do the OTB's have the power today that they held 5-10 years ago with the internert? I have not been to an OTB in several years. Most of the tracks are going to their own ADW system anyways.

Put it another way, do the racetracks have less power than they did 5-10 years ago? Interstate wagering and ADW wagering now account for 80%+ of handle at 90%+ of meets (SoCal and Belmont handle more ontrack, 30-40%). From what I read, ADW wagering is the sole growth segment of the three. When Keeneland tried a couple years ago to lower takeout on exotics, a number of Mid-Atlantic tracks dropped their signal citing they would lose handle on their product to Keeneland's more attractive pools. Keeneland backed down. The biggest problem is that the 'signal fee' contracts between host tracks and those importing the signal (Interstate/ADW) generally provide for the host track keeping only 20-25% of total takeout vs 75-80% to those not actually running the races. Here's an example.... On a typical Saturday afternoon at Palm Beach Kennel Club they handle about $200,000 on-track for their own races. They also handle over $400,000 on Gulfstream. NYRA and Santa Anita combined. Their expenses on that T-bred handle are modest and yet they keep 75% of the takeout, making it more profitable than their live handle on their own product. It does not make sense, at least to me. The problem dates back to when simulcasting started in the '80's and people managing racetracks made the incorrect assumption that interstate wagering would be "found" or extra handle and their own on track handle would not be cannibalized. They could not have been more wrong.

fpsoxfan 07-19-2007 11:17 AM

Quote:

Originally Posted by paisjpq
you will have to pardon those of us that don't give a crap...

Sniff...sniff....LicK......Lick...Good, the A-Hole is clean.

Hickory Hill Hoff 07-19-2007 04:08 PM

Quote:

Originally Posted by fpsoxfan
Sniff...sniff....LicK......Lick...Good, the A-Hole is clean.

Don't mess with the colon...your life could depend on it!

I know first hand. :(

fpsoxfan 07-19-2007 04:32 PM

Quote:

Originally Posted by Hickory Hill Hoff
Don't mess with the colon...your life could depend on it!

I know first hand. :(

It was my impression of an anal douchebag. Do you know anyone like that?

fpsoxfan 07-19-2007 04:35 PM

In addition to my boring "sabbatical", I'm also trying to dry out from the wild reunion week so I'm a little "touchy." You know the desire to rip someone's throat out at the drop of a hat. Ever felt that way before?

Hickory Hill Hoff 07-19-2007 05:16 PM

Quote:

Originally Posted by fpsoxfan
In addition to my boring "sabbatical", I'm also trying to dry out from the wild reunion week so I'm a little "touchy." You know the desire to rip someone's throat out at the drop of a hat. Ever felt that way before?

"Dry out" :eek:

It was a good weekend, we're not as young as we use to be! :D

and to answer your next question...YES, but I doubt they will show thier face! ;)

Hickory Hill Hoff 07-19-2007 05:17 PM

Quote:

Originally Posted by fpsoxfan
It was my impression of an anal douchebag. Do you know anyone like that?

I'll chime in! :)

fpsoxfan 07-19-2007 06:22 PM

Quote:

Originally Posted by Hickory Hill Hoff
I'll chime in! :)

Things are cool. I'm looking forward to Opening Day Festivities. I haven't heard from the gang on E-Street in awhile. Got some great pictures of the reunion. I'm getting giddy, might have to tip a few back tomorrow.

estreetposse 07-20-2007 10:19 PM

I'm here...stick to the topic damn it

Can I bet the Laurel card with COTB phone account?


(Very thirsty...will have lots o' beer Saturday)

fpsoxfan 07-21-2007 07:16 AM

Quote:

Originally Posted by estreetposse
I'm here...stick to the topic damn it

Can I bet the Laurel card with COTB phone account?


(Very thirsty...will have lots o' beer Saturday)

What..are you buying a purse on Saturday or are you hosting the party instead of the wife? I don't use brisnet, youbet, or any of those. I use
"betwithYac".

Hickory Hill Hoff 07-21-2007 07:48 AM

Quote:

Originally Posted by fpsoxfan
What..are you buying a purse on Saturday or are you hosting the party instead of the wife? I don't use brisnet, youbet, or any of those. I use
"betwithYac".

In between "smokes", drives the old guys crazy! :eek:

Hickory Hill Hoff 07-21-2007 09:08 AM

Quote:

Originally Posted by estreetposse
I'm here...stick to the topic damn it

Can I bet the Laurel card with COTB phone account?


(Very thirsty...will have lots o' beer Saturday)

Anyday is a good day for lots o' "cold ones"! :D


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