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Originally Posted by Kasept
The lowering of takeout is a bit of a canard though Rand... It absolutely can stand to come down of course to a level that's 'right' and stimulates handle to the point that offsets the decrease. There's numbers that make sense for everyone and are simply necessary to pay for the overheads of everything involved in putting on the show.
But more than takeout, the nature of the internal model demands adjustment. As has been discussed widelt in the "model is upside down" discussions, the bet-takers are getting too much... The source of the product deserves an increase in the share.
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10% on WPS should be a start just like sports betting. Breakage needs to be reassessed as well. I don't think its a canard. Bigger dollar players would play horses if they perceived it more as a beatable game than a hobby.