great takeout article

[10 pnt move up]

Not sure why track execs cant figure this out.

http://www.troyrecord.com/site/News....id=31001&rfi=6

[blackthroatedwind]

I'm confused.....Nick had to go to a blog to understand and/or explain churn?

[cmorioles]

The sad part is the people that can change things don't get it.

[10 pnt move up]

Originally Posted by blackthroatedwind

I'm confused.....Nick had to go to a blog to understand and/or explain churn?

no idea, but I thought it was laid out well for people who dont really follow the take.

[Cannon Shell]

That was a long version of saying that higher takeouts mean less money for everybody in the longrun. (I wish that his example was correct in his assumption that the entire 10% take out for the second player went to purses, but it is far from the truth). The issue with takeout from a track management point of view is that many of them simply dont value their customers. The vast majority of players simply dont bet enough to really benefit from a lower takeout in their opinions. Like Brunetti said, "It is only a few cents here and there" or something to that effect.

[cmorioles]

Agreed, and many horsemen don't value the bettors either.

[10 pnt move up]

Originally Posted by cmorioles

Agreed, and many horsemen don't value the bettors either.

many horse "people" (lets be politically correct cmor) see bettors as a necessary evil.

[Cannon Shell]

Originally Posted by cmorioles

Agreed, and many horsemen don't value the bettors either.

The vast majority of owners that arent born with silver spoons got involved with ownership after being a bettor and most continue to do so. Based upon what I read and hear lately it is hard to say that bettors are particularly interested in the best interests of horseman either. Maybe the adult version is that this is a business and we all have our own best interests in mind first but understand the position of others in a global view. But the culprit in most of the issues with both horseman and bettors is the tracks lust for money and control and the states simple money grabbing tendancies. Maybe in cases of signals being withheld you can say that we are thinking of ourselves first but it is really the only tactic that we have. Everybody says the business model is broken. We are trying to make up for past errors that created that situation by being proactive with ADW's. No one likes this situation but the fact is in the case of KY, CDI simply is being unreasonable yet people like you want to place the blame at our feet. The situation is complex yet in the end CDI cares about racing on 2 days and is trying to squeeze the lemon dry on every other front.

[10 pnt move up]

Originally Posted by Cannon Shell

The vast majority of players simply dont bet enough to really benefit from a lower takeout in their opinions. Like Brunetti said, "It is only a few cents here and there" or something to that effect.

of course they dont, many of them are losing their ass. I play plenty of poker online, a deposit seems to last forever, its great entertainment for nada. I go on a losing run at the horses and yikes.

[Cannon Shell]

Originally Posted by 10 pnt move up

of course they dont, many of them are losing their ass. I play plenty of poker online, a deposit seems to last forever, its great entertainment for nada. I go on a losing run at the horses and yikes.

yeah but most people lose at Poker too and very few ever make a real score like you can at horse racing.