Canterbury cutting takeout to lowest in US

[Rudeboyelvis]

Originally Posted by -BT-

i'm definitely going to pay more attention to them this summer. It's a nice track, i'm glad they're rattling cages to get people to take notice.

Plus, its Grunder's summer home

-bt-

I love the place. The only knock against was a real problem with horse population last meet. I hope that improves this year. Take out is meaningless when you are running 5-6 horse fields (though the turf races seem to fill).

[mnmark]

Great interview with Randy Sampson on ATR today. Its time to see if Canterbury can show the country that reduced takeout will significantly increase handle.

Canterbury has raised the bet. Are players gonna fold, call or raise?


Its time for players to put there money where there mouth is.

[Pants II]

Originally Posted by mnmark

Great interview with Randy Sampson on ATR today. Its time to see if Canterbury can show the country that reduced takeout will significantly increase handle.

Canterbury has raised the bet. Are players gonna fold, call or raise?


Its time for players to put there money where there mouth is.

Your right. This is a test.

[Kasept]

Originally Posted by mnmark

Great interview with Randy Sampson on ATR today. Its time to see if Canterbury can show the country that reduced takeout will significantly increase handle.

Canterbury has raised the bet. Are players gonna fold, call or raise?

Its time for players to put there money where there mouth is.

Mark..

Thanks for listening. Was pleased to get Sampson in advance of their season and herald their widespread initiatives promoting their product at all levels. Hope they have strong results.

One sidebar that we didn't get to Thursday was this enhancement to odds presentation:

10-Second Odds Updates: In conjunction with United Tote, Canterbury Park will offer win odds that update every 10-seconds when there is less than 10 Minutes to Post. This change will provide Canterbury Park and its customers the most real-time win odds in North American horse racing. We believe that this advancement in the tote system will greatly benefit customers as they will constantly have access to the most current win odds.

[Gate Dancer]

Post script from last night.............attendance on track of 7,439 bet $243,802 but the total with simulcast money was $840,999............beautiful evening and the crowd turned out. Most seemed more interested in food and beverages but regardless the folks at Cby are pretty happy with the start and it was fun hearing the "roar of the crowd"..........should be a pretty fun meet all summer.

[JohnGalt1]

That was a 33% increase over opening night last year.

[Kasept]

Gary Palmisano of CD offered this rough cut of the numbers..

2015: $632k (20.4% blended T/O) = 129k revenue
2016- $845k (16.5% blended T/O) = 139k revenue

Handle +30% = Revenue +$10k

[Pants II]

Originally Posted by Kasept

Gary Palmisano of CD offered this rough cut of the numbers..

2015: $632k (20.4% blended T/O) = 129k revenue
2016- $845k (16.5% blended T/O) = 139k revenue

Handle +30% = Revenue +$10k

They're all like..."Eureka!"

And we be like..."Told you so!"

[joeydb]

Originally Posted by Kasept

Gary Palmisano of CD offered this rough cut of the numbers..

2015: $632k (20.4% blended T/O) = 129k revenue
2016- $845k (16.5% blended T/O) = 139k revenue

Handle +30% = Revenue +$10k

I'll definitely be playing there some. I love the idea of low takeout.

[Kasept]

Originally Posted by Rudeboyelvis

I love the place. The only knock against was a real problem with horse population last meet. I hope that improves this year. Take out is meaningless when you are running 5-6 horse fields (though the turf races seem to fill).

Field size averaged 7.98 horses in 2015.

[Rudeboyelvis]

Originally Posted by Kasept

Field size averaged 7.98 horses in 2015.

That factored in the turf races

[Kasept]

Originally Posted by Rudeboyelvis

That factored in the turf races

Yes.. 9 for turf which was 30% or so of total offering.