tag:blogger.com,1999:blog-8560898823512627114.post7932012516066866668..comments2024-02-01T00:37:24.768-05:00Comments on PTP: With a Different Mousetrap, Two Horse Races Can Spur InterestPull the Pockethttp://www.blogger.com/profile/05082676049275768769noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8560898823512627114.post-78211827336179732332011-05-30T12:34:25.533-04:002011-05-30T12:34:25.533-04:00Byron,
What you post is fundamental & I expec...Byron,<br /><br />What you post is fundamental & I expect most do not disagree with you. If you and I were selling corn, and we could increase our volumes at a new type of online corn sale we would jump at it if and only if we could sell our corn at a profit.<br /><br />The problem with the thought is that we need Betfair (or new types of wagering) more than it needs us. Racing seems to want to dictate what can and can't happen with it, when in fact they hold the cards, and we are holding a dying betting product.<br /><br />Ten years from now we will probably be betting the Super Bowl on an exchange that has 30 million customers. If the exchange has NO horse racing it won't matter one little bit. It's about time racing stops worrying about protecting a betting product that has shrunk by 40-70% in the US, and start worrying about expanding it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8560898823512627114.post-43547786406173220152011-05-30T11:40:58.916-04:002011-05-30T11:40:58.916-04:00Good post!
Here is the question though. Did the $...Good post!<br /><br />Here is the question though. Did the $900,000 return more to the racetracks/horsemen who put on the show or the 1.7m? My bet would be on the former not the latter.<br /><br />I am all for exchange wagering, I think that it is really innovative and can certainly stimulate certain types of handicappers to bet more frequently and in greater amounts. I am for it however as long as it is set up to recognize the costs of putting racing on and exchange wagering operators pay what racetracks/horsemen need to continue to put on the races. <br /><br />It serves nobody if exchange wagering doesn't pay its way for putting on the show as eventually, if it hasn't already, the costs of ownership becomes so high versus the potential for return that the average owner will just stop racing horses and there will be little for the handicapper to wager on!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8560898823512627114.post-38556474540442733482011-05-30T10:21:30.183-04:002011-05-30T10:21:30.183-04:00...but, but, but.... that is trading money, and on......but, but, but.... that is trading money, and only a small amount of it goes to purses. If we could charge 30% and get $510,000 revenue that would be fine, otherwise down with the pirates!<br /><br />R<br />PS - there is a strong chance one of those horses was bet to lose, shudders.....Anonymousnoreply@blogger.com