On Equidaily.com today Andy Beyer's recent column is in huge Drudge-like letters "The Racing Industry is About to Learn Some Hard Economic Lessons."
In the article he explores the dysfunctionality of racing in raising their prices while bettors are leaving.
Imagine the following discussion in the executive suite of a modern-day corporation.
Executive 1: "The economy is killing us. Customers are deserting us. Our business is terrible. What are we going to do?"
Executive 2: "I've got an idea. Let's raise our prices!"
Executive 1: "Raise prices! Brilliant!"
Surely no business - not even the Detroit auto industry - would be foolish enough to do this when the country is plunging into a deep recession. But there is one industry that believes raising prices makes economic sense.
Handle will be down again in 2009. And it will be in large part self inflicted.
Sinking marketing money directly into the horseplayer by seeding pools is effective, in both theory and practice In Ontario and elsewher...
One of life's many mysteries on gambling twitter is the Jackpot Bet. Oftentimes people like @shottakingtime, echoed by others, will pos...
Yesterday we wrote about some (many?) inside the business who don't quite understand what we bettors do each day to try and scratch som...
There's something going on in horse racing today , but I have not really followed it. Instead, I've been thinking about two words we...
Innovation and horse racing. Put together, the two of them elicit feverish reaction in this sport. One one side you have the customers, alon...
Unless you are off the twitter grid (God bless you), you've no doubt witnessed the feud of the month(s) between ITP and some public raci...