Derby Trail Forums

Go Back   Derby Trail Forums > Main Forum > The Paddock
Register FAQ Members List Calendar Today's Posts

Reply
 
Thread Tools Display Modes
  #1  
Old 09-23-2014, 07:52 AM
joeydb's Avatar
joeydb joeydb is offline
Santa Anita
 
Join Date: Jun 2007
Location: Southeastern PA
Posts: 3,044
Default Parx handle on PA Derby Day?

Does anybody know if they had a really good day over last year or much better than a usual Saturday? Just curious.
Reply With Quote
  #2  
Old 09-23-2014, 08:00 AM
Kasept's Avatar
Kasept Kasept is offline
Steve Byk
 
Join Date: May 2006
Location: Greenwich, NY
Posts: 43,448
Default

$10,400,000 and reportedly a big increase v. previous year. Derby alone was in excess of $3MM.
__________________
All ambitions are lawful except those which climb upward on the miseries or credulities of mankind. ~ Joseph Conrad
A long habit of not thinking a thing wrong, gives it a superficial appearance of being right. ~ Thomas Paine
Don't let anyone tell you that your dreams can't come true. They are only afraid that theirs won't and yours will. ~ Robert Evans
Reply With Quote
  #3  
Old 09-23-2014, 08:07 AM
joeydb's Avatar
joeydb joeydb is offline
Santa Anita
 
Join Date: Jun 2007
Location: Southeastern PA
Posts: 3,044
Default

Awesome! Glad to see my local track do well.
Reply With Quote
  #4  
Old 09-23-2014, 10:08 AM
10 pnt move up's Avatar
10 pnt move up 10 pnt move up is offline
Oriental Park
 
Join Date: Mar 2007
Posts: 3,745
Default

Quote:
Originally Posted by Kasept View Post
$10,400,000 and reportedly a big increase v. previous year. Derby alone was in excess of $3MM.
so their bonuses were well spent?
__________________
"To learn who rules over you, simply find out who you are not allowed to criticize"...Voltaire
Reply With Quote
  #5  
Old 09-23-2014, 10:53 AM
NTamm1215 NTamm1215 is offline
Havre de Grace
 
Join Date: Nov 2006
Posts: 5,629
Default

Quote:
Originally Posted by 10 pnt move up View Post
so their bonuses were well spent?
The increases year over year were tremendous, but in terms of determining whether the bonus money was well spent you have to consider what was spent by on-track patrons on non-wagering items. I'm sure the casino also had a HUGE bounce. If you were basing this determination solely on handle, the answer would be no, the bonuses were horribly spent. Parx's take on the day from all sources handle would barely cover the bonuses let alone the purses on the day.

That being said, the numbers from the day were outstanding. The PA Derby itself handled $1.5 million in 2013. It handled $4.2 million this year. The P4 pool this year was 517k vs. 223k in 2013. Now, while last year's field did not include the Derby winner it did have the 1-2 finishers in the Travers. Cotillion handle was up 80% with one less horse this year.

Having a horse with the name recognition of California Chrome is always going to be hugely beneficial for a racetrack. But, the real question is what long-term benefit will you get from the people who showed up and how much did you get from them the day they showed? For a place like Parx, it's an uphill battle and you almost feel like their goal was to get those in attendance to be long-term casino patrons.

To put things in perspective, Belmont handled $12.1 million Saturday on a ho-hum card. It's nice for tracks like Parx to have moments in the sun, but the tangible impact that they have on generating customers is negligible.
Reply With Quote
  #6  
Old 09-23-2014, 11:31 AM
Kasept's Avatar
Kasept Kasept is offline
Steve Byk
 
Join Date: May 2006
Location: Greenwich, NY
Posts: 43,448
Default

And as an additional post-script to Nick's perspective, Chuck made the point to me that a day like this is a net negative because it effectively glosses over the problems Parx perpetuates the other 364 days a year...
__________________
All ambitions are lawful except those which climb upward on the miseries or credulities of mankind. ~ Joseph Conrad
A long habit of not thinking a thing wrong, gives it a superficial appearance of being right. ~ Thomas Paine
Don't let anyone tell you that your dreams can't come true. They are only afraid that theirs won't and yours will. ~ Robert Evans
Reply With Quote
  #7  
Old 09-23-2014, 11:45 AM
declansharbor's Avatar
declansharbor declansharbor is offline
Hialeah Park
 
Join Date: Jun 2006
Location: Exit 30
Posts: 6,357
Default

My group had a lot to do with the handle increase, esp in the P3 and P4 pools!!

My buddy's dad was given 4 free tickets to watch the races from The Cotillion Room. This included free food and drinks, a $50 horse racing voucher, and $100 in slot dollars.

The room was packed with older people who you could tell were only there to collect their free items. There wasn't ONE horseplayer in the room besides us four. There were more $2 WPS bets on Cali Chrome than I ever thought was possible. The teller and I hit it off, joking about all of the idiotic bets that were presented to her throughout the day.

As great as it was to look around and see Parx filled to the brim, the sobering truth that this was the only day of the year for the track to look crowded was always in the back of my mind. I'm hoping that we can somehow build off that.

My brother showed up with his friend who knows absolutely nothing about horses or betting. Told him to put his $40 on Bayern to win. Needless to say, on the walk back to the car, he was hooked. He asked if we can go back more often bc he really wants to get into it. He looked at me like I had three heads when I asked Asmussen for his picture, but was astonished once I told him that he was the winning trainer of the previous race. Poe loved the interaction, and his first trip to the track was a winning one.

He'll be back, if only for next year's PA Derby. I tried to do my part in making new fans of the game. So thank ME for all the future dead money in the pools!
__________________
"A person who saw no important difference between the fire outside a Neandrathal's cave and a working thermo-nuclear reactor might tell you that junk bonds and derivatives BOTH serve to energize capital"

- Nathan Israel
Reply With Quote
  #8  
Old 09-23-2014, 04:35 PM
Benny's Avatar
Benny Benny is offline
Havre de Grace
 
Join Date: Feb 2013
Posts: 5,834
Default

Quote:
Originally Posted by declansharbor View Post
My group had a lot to do with the handle increase, esp in the P3 and P4 pools!!

My buddy's dad was given 4 free tickets to watch the races from The Cotillion Room. This included free food and drinks, a $50 horse racing voucher, and $100 in slot dollars.

The room was packed with older people who you could tell were only there to collect their free items. There wasn't ONE horseplayer in the room besides us four. There were more $2 WPS bets on Cali Chrome than I ever thought was possible. The teller and I hit it off, joking about all of the idiotic bets that were presented to her throughout the day.

As great as it was to look around and see Parx filled to the brim, the sobering truth that this was the only day of the year for the track to look crowded was always in the back of my mind. I'm hoping that we can somehow build off that.

My brother showed up with his friend who knows absolutely nothing about horses or betting. Told him to put his $40 on Bayern to win. Needless to say, on the walk back to the car, he was hooked. He asked if we can go back more often bc he really wants to get into it. He looked at me like I had three heads when I asked Asmussen for his picture, but was astonished once I told him that he was the winning trainer of the previous race. Poe loved the interaction, and his first trip to the track was a winning one.

He'll be back, if only for next year's PA Derby. I tried to do my part in making new fans of the game. So thank ME for all the future dead money in the pools!


I did my part too. explaining the Bris pace figures and how the races would probably play out. Never had so many people asking me Who do you like , then smiles and handshakes after etc. Did likewise at Haskell day with a newbie who hit his first tri himself and cashed for 4 bills, paying for his BC trip. But, I do concur with the amount of $2 bettors on hand at the windows, the tellers ran out of change too.
__________________
The virtue of a man ought to be measured, not by his extraordinary exertions, but by his everyday conduct.

Blaise Pascal
Reply With Quote
  #9  
Old 09-28-2014, 09:27 AM
saratogadew saratogadew is offline
Oaklawn
 
Join Date: Apr 2011
Location: Doylestown, PA
Posts: 2,027
Default

Quote:
Originally Posted by Kasept View Post
And as an additional post-script to Nick's perspective, Chuck made the point to me that a day like this is a net negative because it effectively glosses over the problems Parx perpetuates the other 364 days a year...
Chuck's point is spot on. Pick 6 carryover is today 1581.00. Don't you think they would ask themselves why nobody plays it? Even the pick 4 is a very small pool everyday.
Reply With Quote
Reply



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 11:13 PM.


Powered by vBulletin® Version 3.6.8
Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.