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

[blackthroatedwind]

Originally Posted by Cannon Shell

I didnt say that the stakes are worth 1 million each. I said there are two stakes worth 1 million (750k and 250k) on Sat and they still have 10 other races as well. So that day will be well in excess of 1 million. Probably close to 1.5 or 1.6 million which combined with todays card averages out to 1 million a day for those 2 days.

Chuck, you do realize their daily purses will not average out to $1 million a day at the end of the meet...right?

[Cannon Shell]

Originally Posted by blackthroatedwind

Chuck, you do realize their daily purses will not average out to $1 million a day at the end of the meet...right?

I dont really know or care either way. I was just taken aback that people expected them to actually pay out 1 million a day, every day.

Plus I think they may pay in excess of a million a day if Haskell bribe money is taken into consideration

[The Indomitable DrugS]

Originally Posted by Cannon Shell

I dont really know or care either way. I was just taken aback that people expected them to actually pay out 1 million a day, every day.

Plus I think they may pay in excess of a million a day if Haskell bribe money is taken into consideration

They are even small time bribing trainers for the United Nations now.

Right in the conditions - it says....

A $10,000 BONUS WILL BE AWARDED TO THE
TRAINER OF ANY HORSE THAT HAS WON A GRADE I IN THE PAST 24 MONTHS AND STARTS IN THE UNITED NATIONS

[philcski]

Originally Posted by blackthroatedwind

Chuck, you do realize their daily purses will not average out to $1 million a day at the end of the meet...right?

They have been averaging $520k on Fridays, $890k on Saturdays, $750k on Sundays, and $886k on Mondays. http://spreadsheets.google.com/ccc?k...3c&hl=en#gid=0

Given that their three or four biggest days are still to come, those averages will rise. They will probably fall short of the marketing $50mm in 50 days, but apparently $900k/day, doubling handle, and increasing runners per race by over 2 isn't good enough.

[Gaining Ground]

Originally Posted by philcski

They have been averaging $520k on Fridays, $890k on Saturdays, $750k on Sundays, and $886k on Mondays. http://spreadsheets.google.com/ccc?k...3c&hl=en#gid=0

Given that their three or four biggest days are still to come, those averages will rise. They will probably fall short of the marketing $50mm in 50 days, but apparently $900k/day, doubling handle, and increasing runners per race by over 2 isn't good enough.

they have run one monday correct? it was memorial day. of course the purses were high that day. the point is that they are currently way under what was advertised and they will never be near 1 million a day.

that has nothing to do with doubling handle or increasing runners. the thread is about a claim that so far isnt close to being true and has zero chance to being true. i havent seen anyone in this thread talk about the meet being unsuccesful. just that their claim about purses isnt true.

wake me when you are done apologizing.

[philcski]

Originally Posted by Gaining Ground

they have run one monday correct? it was memorial day. of course the purses were high that day. the point is that they are currently way under what was advertised and they will never be near 1 million a day.

that has nothing to do with doubling handle or increasing runners. the thread is about a claim that so far isnt close to being true and has zero chance to being true. i havent seen anyone in this thread talk about the meet being unsuccesful. just that their claim about purses isnt true.

wake me when you are done apologizing.

Do you have horses running there? No? Didn't think so. Therefore the purse structure is irrelevant to you. I'm not apologizing for ****, it's a focking marketing line. Hell, There isn't even 50 days from opening until labor day, it's 49 days. Additionally, there are only 3 Mondays and all are holidays so Memorial Day is a reasonable proxy for the other two. If you're that concerned about the analysis check the condition book for July 5th.

[Gaining Ground]

Originally Posted by philcski

Do you have horses running there? No? Didn't think so. Therefore the purse structure is irrelevant to you. I'm not apologizing for ****, it's a focking marketing line. Hell, There isn't even 50 days from opening until labor day, it's 49 days.

i didnt know in order to comment on the purse structure i needed to own horses running there. sorry that makes no sense. whats with the emotional outbursts in this thread?

[philcski]

Originally Posted by Gaining Ground

i didnt know in order to comment on the purse structure i needed to own horses running there. sorry that makes no sense. whats with the emotional outbursts in this thread?

Perhaps you should educate yourself by reading some of the other threads on this topic. It's been very polarizing around here.

[Gaining Ground]

Originally Posted by philcski

Perhaps you should educate yourself by reading some of the other threads on this topic. It's been very polarizing around here.

im pretty educated on the topic but thanks for the advice. will reading the other threads somehow make monmouths claims true?

im not trying to be a wiseguy, but so far in this thread ive been called a moron and told that since i dont own horses at monmouth i shouldnt be concerned with purse structure. this entire thing isnt a big deal as monmouth will still give away a lot of money and have increased handle.

however after reading some threads here about other circuits i cant help but think about what the response would be if the same claims were made by other circuits and were in fact overexaggerated.

[The Indomitable DrugS]

What could possibly be polarizing about a track cutting back on the quantity of its product to the benefit of the quality of its product?

Hopefully it's a trend that catches on almost everywhere.

Presque Isle would be better off going back to 25 day racing meets and huge purses. The quality of racing, field sizes, and pool sizes will improve a lot.

Some racing employees will see their work days cut back sharply .. but so what.

[philcski]

Originally Posted by Gaining Ground

im pretty educated on the topic but thanks for the advice. will reading the other threads somehow make monmouths claims true?

im not trying to be a wiseguy, but so far in this thread ive been called a moron and told that since i dont own horses at monmouth i shouldnt be concerned with purse structure. this entire thing isnt a big deal as monmouth will still give away a lot of money and have increased handle.

however after reading some threads here about other circuits i cant help but think about what the response would be if the same claims were made by other circuits and were in fact overexaggerated.

Not trying to be a wiseguy? Wanna take back what you said to me earlier?(which I avoided to this point...)

As for reading the other posts, I'm not referring to the structure discussion but rather the passion on one side or the other this has created. I don't know why it has but this thread has just continued that.

[Gaining Ground]

Originally Posted by philcski

Not trying to be a wiseguy? Wanna take back what you said to me earlier?(which I avoided to this point...)

As for reading the other posts, I'm not referring to the structure discussion but rather the passion on one side or the other this has created. I don't know why it has but this thread has just continued that.

if i recall correctly you started the mudslinging with the wake me up line. unless i wasnt one of the apologists you were referring to. i pointed out that what you were talking about had nothing to do with the topic. you keep wanting to move the topic away from what it is.

i agree that it has stirred up passion, but that is a good thing i think. we need a shot of passion in this sport every once in awhile. my only point has been that it seems genuinely unfair to give one track a pass on a false claim, while we all know if it was santa anita, hollywood or belmont they wouldnt be granted the same pass that monmouth is in some peoples eyes.

[Danzig]

Originally Posted by Gaining Ground

i didnt know in order to comment on the purse structure i needed to own horses running there. sorry that makes no sense. whats with the emotional outbursts in this thread?

see your post, two posts above this.....perhaps you could be asked the same?

we could all use more civility around here.

[Cannon Shell]

Originally Posted by Gaining Ground

if i recall correctly you started the mudslinging with the wake me up line. unless i wasnt one of the apologists you were referring to. i pointed out that what you were talking about had nothing to do with the topic. you keep wanting to move the topic away from what it is.

i agree that it has stirred up passion, but that is a good thing i think. we need a shot of passion in this sport every once in awhile. my only point has been that it seems genuinely unfair to give one track a pass on a false claim, while we all know if it was santa anita, hollywood or belmont they wouldnt be granted the same pass that monmouth is in some peoples eyes.

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.

[blackthroatedwind]

Originally Posted by philcski

They have been averaging $520k on Fridays, $890k on Saturdays, $750k on Sundays, and $886k on Mondays. http://spreadsheets.google.com/ccc?k...3c&hl=en#gid=0

Given that their three or four biggest days are still to come, those averages will rise. They will probably fall short of the marketing $50mm in 50 days, but apparently $900k/day, doubling handle, and increasing runners per race by over 2 isn't good enough.

Wow, Phil. Take it easy. You are so unbelievably defensive about this that you have lost all perspective.

[trackrat59]

Too much testosterone.

[Danzig]

Originally Posted by trackrat59

Too much testosterone.

why so emotional?!






just kidding!

[Gaining Ground]

Originally Posted by Danzig

see your post, two posts above this.....perhaps you could be asked the same?

we could all use more civility around here.

please go back through this thread and tell me that im the one being uncivil. ive been called a moron, illiterate and an apologist. for what exactly? if you have read this thread and think im the one being emotional im sort of dumbfounded.

[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.

[Danzig]

Originally Posted by Gaining Ground

please go back through this thread and tell me that im the one being uncivil. ive been called a moron, illiterate and an apologist. for what exactly? if you have read this thread and think im the one being emotional im sort of dumbfounded.

i didn't say you were the one...but i can see where your criticism about emotions could apply to you as well.
just my two cents, which probably isn't even worth that. and like i said, we could all do better.