tag:blogger.com,1999:blog-8560898823512627114.post7764756931660155131..comments2024-02-01T00:37:24.768-05:00Comments on PTP: Retail Markets & Betting Markets Have Big DifferencesPull the Pockethttp://www.blogger.com/profile/05082676049275768769noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8560898823512627114.post-19605064070565183092016-11-22T11:01:03.579-05:002016-11-22T11:01:03.579-05:00I have seen some consensus that the jackpot wager ...I have seen some consensus that the jackpot wager is potentially bad for the financial health of the game longer term. In theory, I suspect some good arguments can be made against it. But, if one looks at Gulfstream Park with its Rainbow Pick Six, they are breaking handle records every year. There is definitely a demand for this type of bet.<br /><br />But assuming it is bad for the longer term, the question is why is this bet so attractive to the handicapper? Is it the jackpot, that makes it attractive? That could be the sizzle. Or is it, that players like it because they can use their handicapping skills to play at a reasonable price? I saw an analysis online where the Rainbow P6 day-to-day payoffs are greater than a parlay play. So, there could be more to it.<br /><br /><br /><br />Sal Carciahttps://www.blogger.com/profile/07558226820328137180noreply@blogger.comtag:blogger.com,1999:blog-8560898823512627114.post-11513005801958354212016-11-21T10:42:22.353-05:002016-11-21T10:42:22.353-05:00Based on this Twitter exchange, I skimmed the lat...Based on this Twitter exchange, I skimmed the latest Churchill Downs 10K. The impression I get from Churchill's own report is that horseracing is an industry in decline. Also, racetracks are capital intensive and gross earnings are low. It does appear that they have invested a fair amount in the Churchill facility itself. But, most of their future growth and investments are outside of horseracing. <br /><br />The greatest issue horseracing faces is and has been that it is not a viable standalone business. In its present state that is. As result, the game is lacking investment. Its survival is dependent on the fact that it is gateway to other gambling businesses. But, that is a risky proposition long term.Sal Carciahttps://www.blogger.com/profile/07558226820328137180noreply@blogger.com