Tuesday, April 22, 2008

Wow. It's About All You Can Say

Gamblers were completely puzzled (and more) when Woodbine Entertainment raised their Pick 4 rakes a few years ago, right in the face of a declining customer base.

In 2008, with tracks hearing more and more from players annoyed with high rakes, and being treated poorly this news is just in. Hold on to your hat, Calder Race Course has raised takeouts.

The big news to specialty gamblers Monday was that Calder raised its takeout percentage on a few wagering options. The track will now take 27 percent out of Pick 3, 4 and 5 wagering (up 3 percentage points) and 21 percent from the Daily Double and Exacta bets (up 1 percentage point).

Folks, this is absolutely unbelievable.

Some reaction from gamblers, courtesy of Pace Advantage:

Seriously, are the people who run Calder (Churchill Downs) insane ?

Goodbye Calder! Goodbye Turf Paradise!

Hello Keeneland! Hello Hawthorne!


Boycott Calder
Yesterday's first race pools:
First @ Philly 38K wps pool.
First @ Calder 7K wps pool.
Let the low pools at Calder teach them a lesson.
A takeout increase is not enough...
Whoever is to blame.....I just don't care.
I'm through with Calder.
If only we would stick together and boycott Calder and any other track that pulls stunts like this, how soon things would change.


There is a poll out on Standardbredcanada.com asking this and here are the results so far:

On April 29 and April 30, stakeholders from all segments of the harness racing industry will meet for the Standardbred Wagering Conference in Montreal to address the steepest betting decline in recorded racing history. Do you expect any real change to come from these meetings?

Yes 97 votes 17.6%
No 453 votes 82.4%
Total Votes: 550


Now we know why people are so negative. Even in 2008, some track people have sit around a table, looked at each other and said "ya, our game is fading, wagering is down, we have fierce competition from other forms of gambling........ hey, I have an idea, let's raise prices!"

Something tells me you have never heard these comments throughout world business history:

"I am not selling any cars, I think I should make them more expensive"
Henry Ford

"I only sold ten lawn chairs last week, to get people to buy them I think I will raise their price"
Sam Walton

I do not blame anyone one bit for voting no in the above survey.

For a real quote or two from these two fine businessmen:

It is not the employer who pays the wages. Employers only handle the money. It is the customer who pays the wages.
Henry Ford

There is only one boss. The customer. And he can fire everybody in the company from the chairman on down, simply by spending his money somewhere else.
Sam Walton

4 comments:

Phil J. said...

I'd say it is unfathomable but I know better than to say that when considering anything involved with this game

Pull the Pocket said...

Hey Phil,

How's it going? Making any scratch?

I honestly almost fell out of my chair when I read that story. I can't believe in this day and age they are right back to the old adage. I believe that they are getting slots too next year. Would it not have been an opportune time for the track and horseman group to get together, look at how slots have hurt handles everywhere, and offered a price break?

Anyway, whatever. I downloaded Calder files for my software to mess around with. I deleted it.

Hey, great work on the blog, I just popped over. Some excellent notes, especially the TVG rants, and the harness stuff is nice as well.

Good job.

PTP

Phil J. said...

It is going alright. And I haven't been doing too bad wagering either. The two opening days at Chester went well for me and I've only made won wager since and that was tonight at the Meadowlands, I bet Blue Claw he ran 2nd.

Thanks for the blog comments. Yours is awesome. You cover so many topics. Unfortunately, I don't have the time to do as much. I try to touch on some of the more prominent topics and really been concentrating on the harness sport as oppose to the tbreds.

The Calder thing is sad. Supposedly there was a DQ at Hawthorne this week that some long time fans have called the worst they have ever seen, I haven't gotten up the courage to go check it out.

Some good news though, Jayne Vaders has been suspended indefinitely, I did a little bit on her earlier this year.

Take Care and Good Luck.

Lots of nice horses qualifying tomorrow at the Big M.

When is Somebeachsomewhere going to roll?

Pull the Pocket said...

Ha, just read the news! They booted her last year, but I guess she got some legal ease to let her back, now gone again. I read your Vaders piece.

SBSW is qualifying next Friday I think.

It's heating up!

Keep plugging at the windows, and to readers, take a gander at Phils blog (link at the bottom) he has some cool harness stuff.