There is an amazing display going on right now in California racing.
As you know a Breeders Cup bill was introduced in the California legislature. It was to use marketing money to entice the BC to locate more and more to CA. Fine and dandy.
But then, several tracks and owners groups in CA decided to tack quietly on a takeout increase. They think it will make them more money. Why they think that raising prices in a business that is struggling, which flies right into the face of both empirical evidence and theory from experts is beyond us, but that's what they think.
Everyone in racing seems to like that.
But later on a new idea is thrown into the bill from CA racing and horse owners: Exchange wagering. They think getting some cash by licensing betfair is a good idea.
Then all hell breaks loose.
Twinspires and Xpressbet get wind of it. Press releases fly, ads are taken out and boom, we have ourselves a massive cat fight, with industry people fighting industry people.
A bill that raised takeout to squeeze tapped-out customers that everyone loved, is now not so loved by some, because they feel they are the ones getting squeezed.
What is unfolding right before our eyes is what racing has become, and some would say always was: A haven for protecting ones own slice at the expense of the customer.
It's sad. It's depressing.
But most of all: It is totally expected.
Most Trafficked, Last 12 Months
It's Metro Night at Mohawk this evening, where over $3M will be handed out to some of the best trotters and pacers around. A few notes...
I was outside awhile back and noticed some kids playing with the pigskin. They flipped me the ball and I sent one kid on a fly pattern. I ga...
This was originally printed in Trot Magazine's Horseplayer Issue. The pick 5 is a racing staple with almost every track trying to take...
I continue to be fascinated with both the press and general football fan reaction to the Bill Belichick 4th down decision in Sunday's ga...
This past weekend's racing proves to me that this game, although, yes, with less public money, with the teams, with the sharps (which no...
So, I did a little reading on the railway rebate system. No, stop laughing, I really did. And it was a pretty interesting exercise. For tho...
Everyone saw "the ride" , everyone commented on "the ride", everyone waited to see what was up with "the ride"...
For about 130 years of pro football, 4th and two was beset with a flight to safety. Not going for it (the pain of missing a first down) alwa...
Sinking marketing money directly into the horseplayer by seeding pools is effective, in both theory and practice In Ontario and elsewher...