tag:blogger.com,1999:blog-8560898823512627114.post8301705995549200587..comments2024-02-01T00:37:24.768-05:00Comments on PTP: Harness Handles From YesteryearPull the Pockethttp://www.blogger.com/profile/05082676049275768769noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-8560898823512627114.post-40801897418103257522012-06-28T15:56:49.349-04:002012-06-28T15:56:49.349-04:00Not only should you factor in inflation but you sh...Not only should you factor in inflation but you should also factor in population growth, which means the projection was even lower than it should be.Cangamblehttp://cangamble.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-8560898823512627114.post-17193981387507183932012-06-28T13:14:47.093-04:002012-06-28T13:14:47.093-04:00Even if the denomination of a bet (denomination, n...Even if the denomination of a bet (denomination, not the "price") hasn't changed, you would expect people to bet more multiples of $2 in line with inflation if they were demanding wagering on horse racing at the same rate as all other goods or all other gaming products or if they were willing to give up the same volume of other stuff (the $ price of which has increased substantially) to wager on horse racing. It's the opportunity cost of $2 that matters, and that has gone down... a lot.... so people should be willing to increase the number of $2 bets they make. Inflation comparison is spot on.Carolinenoreply@blogger.comtag:blogger.com,1999:blog-8560898823512627114.post-60336478390823623852012-06-28T11:23:05.787-04:002012-06-28T11:23:05.787-04:00Rate of inflation is a core metric for comparing a...Rate of inflation is a core metric for comparing any gambling game.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8560898823512627114.post-32069924011454463702012-06-28T11:20:16.595-04:002012-06-28T11:20:16.595-04:00I'm no economist, but I don't think you ca...I'm no economist, but I don't think you can project handles increasing with the rate of inflation. $2 in 1986 is $2 in 2012. Yes, the purchasing value of those $2 has decreased, but the price of a wagering hasn't changed.<br /><br />If we were talking about a product like movie tickets where the prices of a ticket has increased with inflation, then I think you could make the argument handles should have increased.That Blog Guyhttps://www.blogger.com/profile/15487597769210721585noreply@blogger.com