When does the $1,000,000 a day start at MTH?

[Gaining Ground]

Originally Posted by Cannon Shell

Why is it that you dont seem to understand that there have been no false claims made? They had 50 million dollars to payout over 50 days? Is that a fact or not? Does 50 million divided by 50 days not average 1 million a day?

Just because a track has a certain amount of purse money to be paid out doesnt mean that every penny of that money gets paid out. Most tracks underpay purses in order to have a cushion going into the next meet. Because other tracks dont make you aware of the total amount of purse money that is projeted to be distributed doesnt mean that this track has made any false claims. Because you dont understand the way the system works doesnt make it wrong.

When figuring the purses Monmouth determined that over the course of the meet they knew that X amount was going to be alloted for stakes races. That number is almost surely going to be hit unless a stake was cancelled due to lack of entries which is highly unlikely. Then they took into consideration the Jersey bred races and figured in the number of races and hence purses that they are contractually bound to run. Then they determine the amount of each specific claiming, maiden and allowance races that they will write which will finish off their projections. While an exact number is hard to achieve they would have a pretty good idea of how much they would be paying out. Ok now we get to reality. Perhaps some of the allowance races (high purse) do not fill and are replaced by a greater number of races like those which were found on yesterdays card(lower purse)? All of a sudden the projections that they made arent going to reach the million dollar mark because those races carry a much smaller purse than the scheduled but not filled allowance races. Was it the tracks intent to fill those races and give away the alloted money? Of course. Do they supply the horses for those races that didnt fill? Of course not. Assuming that all the allowances races especially the money allowances and higher classes would all fill all the time is contrary to what is happening at all tracks. It is hardly an exact science writing races and filling cards especially the way the horses are raced nowdays.

heres what i understand. there is no chance they give out 50 million in 50 days. it wasnt going to happen from the beginning and 2 or 3 days of 2-3 million a day will still not make them close. that is fine. they have still done some good things.

i understand the way the system works. its pretty arrogant to think i dont as you have no idea what my experience is. i also understand that you cant look at the way other tracks do business and compare it to this meet because there is no guarantee there will even be racing in new jersey next year if this isnt a big success.

it will be interesting to revisit this thread after the meet.

[Cannon Shell]

Originally Posted by Gaining Ground

heres what i understand. there is no chance they give out 50 million in 50 days. it wasn't going to happen from the beginning and 2 or 3 days of 2-3 million a day will still not make them close. that is fine. they have still done some good things.

i understand the way the system works. its pretty arrogant to think i dint as you have no idea what my experience is. i also understand that you cant look at the way other tracks do business and compare it to this meet because there is no guarantee there will even be racing in new jersey next year if this isn't a big success.

it will be interesting to revisit this thread after the meet.

I dont have to know what your experience level is when you claim that Monmouth was using "false advertising". That shows that you seemingly dont understand the way purses are distributed.

People here make proclamations of certainty all the time that aren't true. Do you think that the horseman's association isn't aware with how much has been paid out? Do you think they do not monitor the numbers? You understand that they are contractually obligated to do this? Perhaps Monmouth will add money to the purses toward the end of the meet? Perhaps they will add money to the stakes as well? Perhaps they will simply carry the money forward to the fall meet and increase the purse levels there? Perhaps all the races on haskell day will be boosted to 100k? Perhaps they will have a big party with the money?

As for the idea that there will be no racing in NJ if this isnt a big success...If that is so (and all signs are that it is) then why would they underpay the purses? To save the money for a meet that wont take place? They have a 12 million dollar stakes schedule. Through this weekend they will have paid out 3 million. After 36% of the meet they have only paid out 25% of the stakes money. That means obviously that the purses paid out on an average daily basis will be higher as the meet goes on. The uniqueness of the meet really isnt that it may be the last, etc. It is that they have scheduled two seperate meets with completely different purse structures. If there arent enough quality horses to fill all the scheduled allowance races during the first meet would it not make sense to hold over some of that money to the next meet as opposed to giving it away senselessly to keep up with some marketing slogan? I have no idea what they are doing nor do I really care. But the idea that each day would have $1 million dollars in purses is not only silly but easily refuted simply by looking at a condition book.

[Gaining Ground]

Originally Posted by Cannon Shell

I dont have to know what your experience level is when you claim that Monmouth was using "false advertising". That shows that you seemingly dont understand the way purses are distributed.

People here make proclamations of certainty all the time that aren't true. Do you think that the horseman's association isn't aware with how much has been paid out? Do you think they do not monitor the numbers? You understand that they are contractually obligated to do this? Perhaps Monmouth will add money to the purses toward the end of the meet? Perhaps they will add money to the stakes as well? Perhaps they will simply carry the money forward to the fall meet and increase the purse levels there? Perhaps all the races on haskell day will be boosted to 100k? Perhaps they will have a big party with the money?

As for the idea that there will be no racing in NJ if this isnt a big success...If that is so (and all signs are that it is) then why would they underpay the purses? To save the money for a meet that wont take place? They have a 12 million dollar stakes schedule. Through this weekend they will have paid out 3 million. After 36% of the meet they have only paid out 25% of the stakes money. That means obviously that the purses paid out on an average daily basis will be higher as the meet goes on. The uniqueness of the meet really isnt that it may be the last, etc. It is that they have scheduled two seperate meets with completely different purse structures. If there arent enough quality horses to fill all the scheduled allowance races during the first meet would it not make sense to hold over some of that money to the next meet as opposed to giving it away senselessly to keep up with some marketing slogan? I have no idea what they are doing nor do I really care. But the idea that each day would have $1 million dollars in purses is not only silly but easily refuted simply by looking at a condition book.

again no one is suggesting 1 million a day. they arent going to come close to averaging that. instead of just admitting you were wrong, you brush it off by saying "i really dont care" which is a bs copout. i already told you i was being sarcastic with the false advertising comment. you can cling to the unimportant stuff, while trying to excuse the crux of this thread but it doesnt change what is really happening. they were never going to be giving out 50 million in 50 days. never.

like i said, it will be interesting to revisit this thread after the meet. im sure you still wont care then either, after being proven wrong. again.

[Cannon Shell]

Originally Posted by Gaining Ground

again no one is suggesting 1 million a day. they arent going to come close to averaging that. instead of just admitting you were wrong, you brush it off by saying "i really dont care" which is a bs copout. i already told you i was being sarcastic with the false advertising comment. you can cling to the unimportant stuff, while trying to excuse the crux of this thread but it doesnt change what is really happening. they were never going to be giving out 50 million in 50 days. never.

like i said, it will be interesting to revisit this thread after the meet. im sure you still wont care then either, after being proven wrong. again.

I dont care how much money monmouth gives out a day. It is really immaterial. But I wonder how you can determine exactly how much money they are going to give out? I understand that it will actually be very hard to give that kind of money away because the higher purse level races simply wont all go as I explained in other posts. They will have needed to average around 83k a race in purses. If you take into account the $1500 a starter they are giving away the 83k a race is actually lower but i am not privy to how much was alloted to that program. In many of the cheaper races they are giving away far more than the listed purse. In the 2nd race today for example they actually paid out 46500 on a race with a 40k purse. What they scheduled and what actually happens are seperate things. Surely they wanted to have a bit of a cushion and not overpay since it would be a political disaster to do that. Saying that they never intended to do it is making assertions based on your opinion without knowing all the factors involved.

[Cannon Shell]

Let me ask you a question GG. How close to $50 million do they have to give out for you not to declare that they never intended to give out the $50 million? $45 mill? $48mill? $49,999,999?

[blackthroatedwind]

Originally Posted by Cannon Shell

Let me ask you a question GG. How close to $50 million do they have to give out for you not to declare that they never intended to give out the $50 million? $45 mill? $48mill? $49,999,999?

Let me ask you a question, Chuck.....if you should ever train a horse that loses the KY Derby by a nose will you tell people you trained a KY Derby winner?

Yes, I know, you would ( and should ) be ecstatic....but you would also be lying if you said you trained a Derby winner. It's a game of inches.

[Cannon Shell]

Originally Posted by blackthroatedwind

Let me ask you a question, Chuck.....if you should ever train a horse that loses the KY Derby by a nose will you tell people you trained a KY Derby winner?

Yes, I know, you would ( and should ) be ecstatic....but you would also be lying if you said you trained a Derby winner. It's a game of inches.

Apples and oranges. Purse payments are typically a fluid situation based on handle. That is why the are raised or lowered during a meet. This situation is obviously different but it is crazy to think that purse accounts aren't always either under or overpaid. As I said I dont have any idea of what the status of the purse account at Monmouth is. But unless someone has information that they are not sharing I have no reason to believe that they wont be pretty close to paying that amount or transfering some to the boost the fall meet.

[Gaining Ground]

Originally Posted by Cannon Shell

Let me ask you a question GG. How close to $50 million do they have to give out for you not to declare that they never intended to give out the $50 million? $45 mill? $48mill? $49,999,999?

of course if it is 49 million or close to that its close enough. but when the number is closer to 45 million i will be waiting for the excuses.

[TitanSooner]

Originally Posted by Gaining Ground

of course if it is 49 million or close to that its close enough. but when the number is closer to 45 million i will be waiting for the excuses.

May I ask.. why are you so worried about this?

[Cannon Shell]

Originally Posted by Gaining Ground

of course if it is 49 million or close to that its close enough. but when the number is closer to 45 million i will be waiting for the excuses.

So if they are 10% underpaid you are expecting a scandal or something? LOl

AP was underpaid far more than (%wise) that last season. Thankfully I may add because it kept them from slashing the purses there this year.

[pba1817]

Originally Posted by Gaining Ground

again no one is suggesting 1 million a day. they arent going to come close to averaging that. instead of just admitting you were wrong, you brush it off by saying "i really dont care" which is a bs copout. i already told you i was being sarcastic with the false advertising comment. you can cling to the unimportant stuff, while trying to excuse the crux of this thread but it doesnt change what is really happening. they were never going to be giving out 50 million in 50 days. never.

like i said, it will be interesting to revisit this thread after the meet. im sure you still wont care then either, after being proven wrong. again.

But your weren't being sarcastic, you were serious and got regulated by Cannon Shell.

[Gaining Ground]

Originally Posted by pba1817

But your weren't being sarcastic, you were serious and got regulated by Cannon Shell.

regulated? you got regulated on page 2 of this thread.

[pba1817]

Originally Posted by Gaining Ground

regulated? you got regulated on page 2 of this thread.

That's nothing new... I'm just trying not to get emotional now.

[blackthroatedwind]

The bottom line is that there is a lot of defensive nitpicking in this thread. The gist of the original argument by Byk is correct. Nobody is criticizing the Monmouth meet from a fan's perspective ( nor should they ). But there is an underlying discussion, a white Elephant so to speak, and frankly this thread is making that even more abundantly clear.