Where does my money go?

[pmacdaddy]

Originally Posted by blackthroatedwind

All monies bet, less takeout, get returned in the pari-mutual pool. The takeout is mostly kept by the racetrack, if your bet is made on-track ( or through NYRA-One if you're betting NYRA tracks ), and used to pay the expenses of running the business.....from purses to salaries to daily upkeep.

If you bet with an ADW they pay for the signal, and keep the difference between that rate and the takeout percentage, just as if you bet Santa Anita at Aqueduct.

Anything else?

Just OTB Take Out and I should be all set. That is "mostly" kept by the track? Thanks

[blackthroatedwind]

NY OTB pays a fee for all signals, just like ADWs and host tracks pay other tracks, but pays a very low rate due to their high handle. They have a state mandated deal with NYRA, as they were created as an arm for racing in NY State, and thus have to support the industry in NY State and the very races they specifically were created to exist upon. Remember, for the first 25 or so years of their existance, there was little to no simulcasting, so they existed only on NY races.....save a literal handful of " special events. "

I really don't feel like getting into a further discussion of how OTB is inefficient and takes way too much money out of racing and why the nature of their charter runs contra to the best interests of racing.

[Scav]

Originally Posted by blackthroatedwind

NY OTB pays a fee for all signals, just like ADWs and host tracks pay other tracks, but pays a very low rate due to their high handle. They have a state mandated deal with NYRA, as they were created as an arm for racing in NY State, and thus have to support the industry in NY State and the very races they specifically were created to exist upon. Remember, for the first 25 or so years of their existance, there was little to no simulcasting, so they existed only on NY races.....save a literal handful of " special events. "

I really don't feel like getting into a further discussion of how OTB is inefficient and takes way too much money out of racing and why the nature of their charter runs contra to the best interests of racing.

I don't think he was asking about that, but I could be wrong, I think he just wanted to see where his dollar was best spend.

Personally, there is too many hands in the cookie jar, but it is what we get when all these states are involved with differences up the wazzoo(takeout, drugs, entry rules)

IMO it will never change until horse racing gets run like a sporting franchise, like the NFL/MLB/NBA, which will never happen because of the gambling aspect

[blackthroatedwind]

There's a very large discussion that can be had about this....and it could be interesting and informative if the parties discussing it actually understand it. There are a lot of different, and valid, points of view. There are also a lot of the opposite.

I would prefer to have it over drinks, and/or dinner, and not somewhere for the world to see and where I have to spend an inordinate amount of time typing.

Sorry.

[viscount26]

BTW,
In that case, we will invite you to Austin's Ale House in Kew Gardens. We have enough of us to have a fair sized audience.
At least you will enjoy the Beer, and the food isn't bad either

[blackthroatedwind]

Originally Posted by viscount26

and the food isn't bad either

There's an encouragement.

[pmacdaddy]

Originally Posted by blackthroatedwind

NY OTB pays a fee for all signals, just like ADWs and host tracks pay other tracks, but pays a very low rate due to their high handle. They have a state mandated deal with NYRA, as they were created as an arm for racing in NY State, and thus have to support the industry in NY State and the very races they specifically were created to exist upon. Remember, for the first 25 or so years of their existance, there was little to no simulcasting, so they existed only on NY races.....save a literal handful of " special events. "

I really don't feel like getting into a further discussion of how OTB is inefficient and takes way too much money out of racing and why the nature of their charter runs contra to the best interests of racing.

Thanks.

Was mainly looking to understand the arrangement between NY OTB and Track. OTB is what is it and arguing about it certainly seems to be pointless right now. Just trying to get a sense for how much more an on-track dollar benefits the track as opposed to a off-track dollar.

[blackthroatedwind]

Originally Posted by pmacdaddy

Thanks.

Was mainly looking to understand the arrangement between NY OTB and Track. OTB is what is it and arguing about it certainly seems to be pointless right now. Just trying to get a sense for hoe much more an on-track dollar benefits the track as opposed to a off-track dollar.

NY OTB pays a pretty hefty share to NYRA but I don't know the exact numbers.

[Danzig]

in the end, does it really matter? if you didn't like the looks of the pie chart, would you quit betting?

[pmacdaddy]

Originally Posted by Danzig

in the end, does it really matter? if you didn't like the looks of the pie chart, would you quit betting?

Definitely not, but might effect where and by what means means I wager.

[SniperSB23]

Originally Posted by Danzig

in the end, does it really matter? if you didn't like the looks of the pie chart, would you quit betting?

No, but if I have the option to place the bet on-line through NYRA rewards or Twinspires it makes a difference. If I'm correct in my interpretation if I bet through NYRA rewards all the money goes to NYRA. If I bet on Twinspires then a part of that money is going to CDI.

[blackthroatedwind]

If you bet with Twin Spires most of your money is going to CDI.

[Danzig]

Originally Posted by SniperSB23

No, but if I have the option to place the bet on-line through NYRA rewards or Twinspires it makes a difference. If I'm correct in my interpretation if I bet through NYRA rewards all the money goes to NYRA. If I bet on Twinspires then a part of that money is going to CDI.

gotcha--both you and pmac. certainly if i had the means to bet here in no gambler's land, i would shop for the best place to wager.