tag:blogger.com,1999:blog-8560898823512627114.post4629551097739591473..comments2024-02-01T00:37:24.768-05:00Comments on PTP: Friday Comments & a Little BrandingPull the Pockethttp://www.blogger.com/profile/05082676049275768769noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-8560898823512627114.post-32712503034813565222013-11-16T12:43:25.390-05:002013-11-16T12:43:25.390-05:00Racing attracts more Will's by attracting more...Racing attracts more Will's by attracting more Linda's and vice-versa. <br /><br />Newbies playing the markets on Etrade were attracted to trying it because Linda made a few dollars buying a selling stocks on her computer, and she told all her friends. Joe, who maybe watched Rounders and told his friends he was doing okay at online poker brought them in as well. They don't all win - not even close, the majority loses, but they all think they can win. <br /><br />When people go to the track they think they'll lose. Big difference. <br /><br />PTPPull the Pockethttps://www.blogger.com/profile/05082676049275768769noreply@blogger.comtag:blogger.com,1999:blog-8560898823512627114.post-39335250585200066862013-11-16T12:17:04.849-05:002013-11-16T12:17:04.849-05:00Kyle -
Right. So racing needs 39 Wills for every...Kyle -<br /><br />Right. So racing needs 39 Wills for every Linda. And if Will's play improves, then racing needs to find someone else to lose to Linda (or Linda's ROI can drop). So does racing focus on encouraging more Wills or more Lindas?<br /><br /><br />BitPlayernoreply@blogger.comtag:blogger.com,1999:blog-8560898823512627114.post-29086665309217199872013-11-16T10:14:27.291-05:002013-11-16T10:14:27.291-05:00Both Linda and Will lost the same, but it went dif...Both Linda and Will lost the same, but it went different places. Linda generated $600 in pari-mutuel taxes while winning $390 from fellow players for a net loss of $210. Will lost $10 bucks to his fellows while paying $200 in tax. What the industry might benefit from and might be able to take a role in promoting is improving Will's play, hence his enjoyment and hopefully his longevity. Racing is a zero sum game only for bettors, not for bet takers. Kylenoreply@blogger.comtag:blogger.com,1999:blog-8560898823512627114.post-4030366266313566662013-11-15T21:26:21.164-05:002013-11-15T21:26:21.164-05:00I was the poster of the comment you quote. I’m no...I was the poster of the comment you quote. I’m not sure we really disagree on much. My intent was not that racing needs to squeeze the lemon, but that the focus on handle versus losses seems misguided. If Linda is playing $3,000 per month with an ROI of 0.93, and Will from Sacramento is playing $1000 per month with a more average ROI of 0.79, they are both losing the same amount, but rebate systems treat Linda better than Will. Isn’t Will closer to leaving the game than Linda?<br /><br />The focus on handle rather than losses opens the door to (admittedly skilled) batch bettors who have a positive ROI (with rebate), drive annoying late odds changes, and win money from both Linda and Will.<br /><br />I’m curious how poker rooms deal with this issue. Do they treat pros better than the tourists they win money from?<br /><br />The bottom line is that you cannot make everyone a winner, or even close to it, especially with a blended takeout over 20%. So how do you enhance the experience so that even the losers want to keep playing? I don’t disagree that reducing the rate of losses has to be part of the solution.Anonymousnoreply@blogger.com