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#1
07-31-2011, 09:45 PM
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Quote:
The State Commish for horse racing just said. If you are going to the track trying to make a fortune, find something else," Tufano said. "If you are looking solely to win at gambling, there are better options." And follows that up with .... '"That's the great thing about wagering on horse racing, You think you are smarter than anyone else." So, in other words, the great attraction for people to bet horses - IN HIS MIND - is so you can lose money ... BUT ... feel like the SMARTEST MAN IN THE WORLD doing it! 
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#2
07-31-2011, 09:54 PM
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Quote:
 
__________________
please use generalizations and non-truths when arguing your side, thank you
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#3
07-31-2011, 10:14 PM
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Horse racing is the ULTIMATE information game. It is supposed to benefit FAR more from the tech, tv, and info advances of the last 100 years than any other sport. It should be on top of the sports world and people should be betting so heavily and with so much passion ... that the bible beaters on the Right and the Do-Gooders on the Left should both be wringing their hands about the moral hazards and such. The press was making national celeberites out of horseplayers a hundred years ago --- and to be honest -- other than the takeout rates -- the sport fucl<ing sucked at that time. A steady diet of 5 horse fields at best - sh!t for information - I can't watch a horse race without seeing it on TV. No friggen exotic wagering at all! Sounds pretty miserable doesn't it?
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#5
08-01-2011, 08:28 PM
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Charles Hayword interview on CNBC:
He talks takeout at 2 minutes in.... http://video.cnbc.com/gallery/?video=1572749611
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#6
08-01-2011, 09:38 PM
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This was from the DRF in 1917 --- less than 100 years ago -- advocating going from bookmaking to mutuals - with just a 2% takeout in New York.
At a 2% takeout - we'd be wiping our ass with hundred dollar bills - and making $40,000 win bets and $5,000 exacta bets for the sheer sake of having "action" in those races where we didn't have a strong opinion and would otherwise skip.  The DRF writers would later argue that the takeout should not be more than 5% in New York. And... look what has happened everywhere over time. It's a trend that desperately has to be reversed... but sadly, it has to go down as slowly as it went up - you possibly run the risk of short term problems for those employed within the industry if you slash too sharply. You can't grow the game overnight.. but as it grows .. everyone wins. At low enough levels - I think horse racing could become this nations Crack-cocaine obsession - and it could get to the point where politicans would have to step in and spoil the party for moral reasons.
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