1,719 ... That's All (The) Folks!

[jpops757]

Originally Posted by SCUDSBROTHER

Cut take-out by 5% for those at the track.

That makes so much sense. Im sure they would never consider. The amazing thing is the average bettor dosent even understand this.

[Sightseek]

Originally Posted by jpops757

That makes so much sense. Im sure they would never consider. The amazing thing is the average bettor dosent even understand this.

Can the tracks afford to do this though?

[blackthroatedwind]

Do you understand the process NYRA has to go through to get the take-out changed?

I assume you realize when they tried to cut it a few years ago that OTB, which has no legal right to have any say whatsoever, blocked the move. Then, in order to be able to offer their rebate plan, which they had been trying to institute for a number of years, NYRA was forced to raise the take-out 1% ( on WPS ) to satisfy OTB.

So, while lowering take-out is a great idea, and hopefully will happen all around in the future, the off-hand suggestion in this case is unrealistic to say the least. Hell, it takes the NY State Racing and Wagering Board a year or more to approve even the minutest of changes. I don't think people understand how badly NYRA's hands are tied.

Originally Posted by blackthroatedwind

Do you understand the process NYRA has to go through to get the take-out changed?

I assume you realize when they tried to cut it a few years ago that OTB, which has no legal right to have any say whatsoever, blocked the move. Then, in order to be able to offer their rebate plan, which they had been trying to institute for a number of years, NYRA was forced to raise the take-out 1% ( on WPS ) to satisfy OTB.

So, while lowering take-out is a great idea, and hopefully will happen all around in the future, the off-hand suggestion in this case is unrealistic to say the least. Hell, it takes the NY State Racing and Wagering Board a year or more to approve even the minutest of changes. I don't think people understand how badly NYRA's hands are tied.

I mentioned this on another NYRA thread ...

... some things they're to blame for ... and things like this they're not.

When you're treading water in the cesspool of New York State politics ... it's all you can do to stay sane.