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Originally Posted by Kasept
My comments are directed to those that are eager to expect the worst.
But what if they were to drop WPS takeout to 14% from 15.43%; drop 2/3/4 horse exotics to 18% from 20.18%; BUT raise P3/P4/P6 to 24% from 20.18%? That would be felt less by players on the multi race side but still raise revenue and perhaps also raise churn on the reduced takeout wagers? Is that a viable approach to test the waters on reduced takeout?
New York and Illinois take 25% on P3-P4... I don't hear any screaming... I also don't hear a peep of praise for California having been kept at 20% all this time on those wagers...
The bill is designed to provide flexibility. The basics of the existing takeout system in CA isn't immediately affected. Is there potential for everyone involved to do the wrong thing? Yes.. Does it have to be assumed? No..
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1. Given racing's track record why should I expect anything but the worst?
2. I know your using a hypathetical, but do you honestly believe they would lower takeout and raise others to offset that?
3. You dont think serious players in NY are upset with the 25% take? I certainly have always heard loud protest when New York raises the take out, I am surprised you don't recall those discussions.
4. Yea it is more flexibility, someone that is not comnforting to me, frankly because the State of California, the track owners, and the CHRB in the majority of cases give me little reason to think it has a positive outcome.
I guess I would compare it to the current discussions about using the "nuclear option" in the US Senate to bypass normal procedure, until it happens no ne should be concerned the loopholes are in place that it could happen? Sorry, if there is a problem I think its best to voice your concerns before you have to take it in the shorts.