Industry Hurting? Raise Takeout
 

The brilliance of California. Epic fail....Starve the beast people. Every bet you make or do not make is a vote.

http://www.drf.com/news/california-b...akeout-exotics

This is the most telling sentence

Zetcher acknowledged that some bettors will be upset by the higher takeout, “I understand what the other side’s position might be,” he said.

The "other side"?

aka, customers.

I hope he understands my coalition of whales on DT who will not be betting Cali anymore. :rolleyes:

It's horseracing, logic is not one of their strengths.

They will be out of jobs next.

What's the problem? With S Cal tracks going back to dirt, all the POLY losers will become DIRT winners, AGAIN.:rolleyes:

Surely they can withstand a couple of percentage points increase.

It's all good in DIRTland. :rolleyes:

Repeat after me: 'The real problem in racing is POLY'.

I always love these arguments

Under the proposed increases, California’s takeout for more complex exotic bets would still be lower than other jurisdictions. ]

Except less, pay more but learn to like it because someone else has it shi_ttier than you .

Enjoy it while you can, rubber will be a thing of the past soon at all but WO and TP.

TP may soon be a thing of the past

Might not be so bad.

If it gets Batagglia away from calling races, I'm all for it.

Are these serious comments or just sarcasm? Losing TP for the winter meeting would be devasting for the thoroughbred industry in Kentucky. Thats alot of people without jobs. Truly sad.

God willing.

ap too

Sounds like politicians on the left side of the aisle....raise taxes on those who are the lifeblood of the economy. Yeah, that's gotta be a good idea. Too bad the racetracks don't have money mints in the back.

One thing is certain the democratically elected politicians in Sacramento have never turned down a tax so this is a done deal.

and you know this because?

They just raised the take two or three years ago, and of course with the support of the unions and horsemen.

As usual, Alan Mann's Left at the Gate take on the situation, and the TVG segment, offers great perspective: http://leftatthegate.blogspot.com/20...na-please.html

So the horseman have all the power in this game? They make the takeouts happen?

The horsemen were NOT the driving force nor even a voice in the takeout increase which came at the time of the legislation renewing the franchise agreement.

How about in California or in Ky takeouts?

From the blog:::::::::::I can well be willing to be price flexible if the product is worth the cost. No, I'm not interested in betting on Tioga Downs, thank you, and, though I'm aware that the takeout on certain bets in New York is certainly too high, I'll pay that price to play NYRA races over Evangeline Downs given the choice.

Yes you will, the person that on a good day might bet a few hundred dollars but that is NOT what the person who bets 5-10k a day will do and you can take that to the bank. The only reason they MAY still play there is due to the size of the pools. This is why Ky did so well for so long with big bettors, lowish takeout yet pool size to handle larger bets. As handle rises these guys take their money to places that can handle both their concerns.