Joel Stein: "Now I get it"

[randallscott35]

The Betfair like options would do wonders. Still waiting.

[Calzone Lord]

Originally Posted by randallscott35

The Betfair like options would do wonders. Still waiting.

It would create way too many useful new racing fans.

People who would actually bet...and bet constantly...day in and day out.

That's not what we need. What we need is 'the powers that be' to try to attract their idea of useful customers, by finding clever ways to tell everyone how 'cool' horse racing is.

Yes -- if we can only convince enough of these entitled college grads, like ourselves, that our sport is cool -- it will create so many new fans.

[randallscott35]

Originally Posted by Calzone Lord

It would create way too many useful new racing fans.

People who would actually bet...and bet constantly...day in and day out.

That's not what we need. What we need is 'the powers that be' to try to attract their idea of useful customers, by telling everyone how 'cool' horse racing is.

Yes -- if we can only convince enough of these entitled college grads, like ourselves, that our sport is cool -- it will create so many new fans.

It has to be killed before it can come back to life. Just keep telling yourself that.

[Duvalier]

Originally Posted by Calzone Lord

It would create way too many useful new racing fans.

People who would actually bet...and bet constantly...day in and day out.

You're absolutely right with everything you've said...but how do you go about getting these things implemented?

[Calzone Lord]

Originally Posted by Duvalier

You're absolutely right with everything you've said...but how do you go about getting these things implemented?

Easy.

Get the marketing people and the suits to work solely to that end.

What both entities have been doing has killed growth.

Ever have a crazy evangelical or nutty Mormon knock on your door and try to convince you how great their religion is?

That's the marketing wing of horse racing. That's ABR and the bus with the horse head costume.

The suits don't even care about takeout rates. At best, they seem to think rebating and award programs is enough. They're pathetically indecisive on exchange wagering.

[Rudeboyelvis]

IMO, while a unique idea, exchange wagering is a gimmick that would never return it's costs to implement. Hell, they can't even close wagering accurately and consistently now, how in the world are they going to put something like this into place, much less assure that there will not be pre/post race(market) manipulation?

Takeout is and always has been the main reason that intelligent, seasoned gamblers stay away. Give a sports bettor a fighting chance and they won't be so stoked to take +100/-110 on a 3 hour event again when they can see exponential returns every 30 minutes.

[Calzone Lord]

Originally Posted by Rudeboyelvis

IMO, while a unique idea, exchange wagering is a gimmick that would never return it's costs to implement.

Don't agree at all.

Places like Turf Paradise and Presque Isle Downs routinely match over $50,000 a race on BetFair --- and that's with US bettors strictly shutout.

Exchange betting would be far more popular here than it has been in Europe...and it's done quite well in Europe.

Exchange betting in Europe...horse racing also has to compete with virtually every sport known to man. In America, horse racing could have it all to itself.

[Duvalier]

Originally Posted by Calzone Lord

Easy.

Get the marketing people and the suits to work solely to that end.

What both entities have been doing has killed growth.

Ever have a crazy evangelical or nutty Mormon knock on your door and try to convince you how great their religion is?

That's the marketing wing of horse racing. That's ABR and the bus with the horse head costume.

The suits don't even care about takeout rates. At best, they seem to think rebating and award programs is enough. They're pathetically indecisive on exchange wagering.

Christopher Kay should implement all the things you've suggested...the top man at racing's premier circuit.

[Calzone Lord]

Originally Posted by Duvalier

Christopher Kay should implement all the things you've suggested...the top man at racing's premier circuit.

Why would he, or any of them, care what I think?

They'd probably say I have ulterior motives for wanting takeout rates that aren't draconian and wanting betting exchanges.

They have their college degrees, some of them even have business experience. None of it ever seems to translate into common sense on the Horse Racing end.

[Duvalier]

Originally Posted by Calzone Lord

Why would he, or any of them, care what I think?

They'd probably say I have ulterior motives for wanting takeout rates that aren't draconian and wanting betting exchanges.

They have their college degrees, some of them even have business experience. None of it ever seems to translate into common sense on the Horse Racing end.

He's looking to make a profit right? Seems a lot better way to do it than his hiking admission and parking fees. He did mention at one point pushing for exchange wagering. So why wait...do it now.

[jms62]

Originally Posted by randallscott35

The Betfair like options would do wonders. Still waiting.

And Jersey approved betting exchanges a few years back and they are now serviced by TVG which is owned by Betfair. They have the platform so what the heck is the hold up?

[10 pnt move up]

Originally Posted by jms62

And Jersey approved betting exchanges a few years back and they are now serviced by TVG which is owned by Betfair. They have the platform so what the heck is the hold up?

Isnt it the horseman who are skeptical?

[Rudeboyelvis]

Isn't this typically designed for 2-3 mile turf racing that you see in England?

How can you process a realtime 6F market in a minute and 10 seconds?

It can sometimes take 10-20 seconds to confirm an on line wager on a good day as it is...I can see a bunch of people getting stuck with 20-30 seconds remaining in a race while whales get bets covered and shut out the rest.

I hope they bring it here for all of your sakes, but I don't want any part of it - way to subjective with an easy excuse for my tastes.

[jms62]

Originally Posted by Rudeboyelvis

Isn't this typically designed for 2-3 mile turf racing that you see in England?

How can you process a realtime 6F market in a minute and 10 seconds?

It can sometimes take 10-20 seconds to confirm an on line wager on a good day as it is...I can see a bunch of people getting stuck with 20-30 seconds remaining in a race while whales get bets covered and shut out the rest.

I hope they bring it here for all of your sakes, but I don't want any part of it - way to subjective with an easy excuse for my tastes.

Doesn't have to be In-Race. Exchanges I used to use was Off at the Break. I used Netbetx sometime back

[ateamstupid]

Originally Posted by Rudeboyelvis

Isn't this typically designed for 2-3 mile turf racing that you see in England?

How can you process a realtime 6F market in a minute and 10 seconds?

It can sometimes take 10-20 seconds to confirm an on line wager on a good day as it is...I can see a bunch of people getting stuck with 20-30 seconds remaining in a race while whales get bets covered and shut out the rest.

I hope they bring it here for all of your sakes, but I don't want any part of it - way to subjective with an easy excuse for my tastes.

Agree with most of this. I'd be interested in prerace exchange wagering but the in-race stuff sounds like a giant clusterf*ck waiting to happen for an industry that can't even close betting at the right time.