What is Racing's Biggest Current Hurdle?

[Gander]

Originally Posted by cmorioles

It isn't that easy in my opinion. Right now, most of the handle is coming from people betting with a rebate. If you "repair" that model so the host track gets more, all you are going to do is cut the rebates of the biggest bettors.

The biggest hurdle to the game is declining handle. Now, there are a myriad of reasons for this. The economy is a convenient excuse, but far from the only one. There are too many races being run at too many tracks. Fields suck, so people don't bet as much. The takeout is certainly a factor. Even those that say they don't care about takeout can figure out they are going broke quicker. Signal wars don't help either. How many accounts do you need to bet all the North American tracks today? Three, four, five? It might be more next month.

Until the handle is addressed, fighting over the current shrinking pie is short sighted and a colossal waste of time.

I agree. Gamblers will always find money to bet. Much in the same way drug addicts and alcoholics do the same. Recession or no recession...Vices are always "recession proof", if you will.