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Author Topic: possible NYRA takeout increase  (Read 1541 times)
CLOCKERTERRY
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« on: November 01, 2005, 10:52:03 AM »

Good news for you guys who like to pay New York tracks. The oversight committee for NYRA is thinking about forcing it to raise takeout back up.

http://timesunion.com/AspStories/story.asp?storyID=414729&category=STATE&BCCode=&newsdate=11/1/2005
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big wally
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« Reply #1 on: November 01, 2005, 10:25:05 PM »

Good news for you guys who like to pay New York tracks. The oversight committee for NYRA is thinking about forcing it to raise takeout back up.

http://timesunion.com/AspStories/story.asp?storyID=414729&category=STATE&BCCode=&newsdate=11/1/2005

Where do find this stuff and why do you have the time?
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CLOCKERTERRY
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« Reply #2 on: November 01, 2005, 11:00:28 PM »

Where do find this stuff and why do you have the time?

Hello Big Wally

The answer to the first question is obviously, "On the Internet".

The answer to the 2nd question is it takes about 1/2 hour per day for me to read through the racing news, 3/4 hour if I decide to post some items to the forum. As to where I find the time, anyone who reads this forum spends at least an hour a day reading some non-work thing on the Internet. Sports, stocks, news, forums, whatever. They are lying if they say different.
« Last Edit: November 01, 2005, 11:06:06 PM by CLOCKERTERRY » Report to moderator   Logged
big wally
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« Reply #3 on: November 01, 2005, 11:26:05 PM »

Hello, Ct:

Thanks for your effort.  Keep these informative post coming. It looks llike reduced take-out it not on the horizon anywhere anytime. Another question is Hawthorne reducing their rebates from 4% to 2% on their live product?
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CLOCKERTERRY
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« Reply #4 on: November 01, 2005, 11:44:48 PM »

Another question is Hawthorne reducing their rebates from 4% to 2% on their live product?

I haven't heard anything about that.
« Last Edit: November 01, 2005, 11:48:16 PM by CLOCKERTERRY » Report to moderator   Logged
edwarren
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« Reply #5 on: November 03, 2005, 05:16:10 PM »

NYRA's posted this since Barry Schwartz resigned, last year(?) or this spring anyway. Yep. From July 2004 through Belmont spring 2005 I followed NY racing pretty closely.
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Thomas Graham
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« Reply #6 on: November 03, 2005, 07:59:38 PM »

Went to Hawthorne today and according to the live program, the November promotion is;

Triple points on live races on Thursday and double points on F, Sa, Sun. So yes, on Wednesday it's down from 4% to 2%, but on Thursday its 6% instead of 4%, a wash if you play roughly equal amounts per day.
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Stat Man Steve
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« Reply #7 on: November 03, 2005, 08:24:07 PM »

Went to Hawthorne today and according to the live program, the November promotion is;

Triple points on live races on Thursday and double points on F, Sa, Sun. So yes, on Wednesday it's down from 4% to 2%, but on Thursday its 6% instead of 4%, a wash if you play roughly equal amounts per day.

Are you sure that isn't an error of omission?  Maybe they just forgot to type "Wednesday" in the copy.  The promo on the website only mentions the Triple Points on Thursday, but says nothing about the other days of the week, so I'm assuming they'd stay the same (double). 

I can't imagine cutting back on less popular Wednesdays, and offering more, plus the contests, on the more popular Fri-Sat-Sun and Triple Thursdays.   


« Last Edit: November 03, 2005, 08:29:55 PM by Stat Man Steve » Report to moderator   Logged
Thomas Graham
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« Reply #8 on: November 03, 2005, 08:50:17 PM »

It was pretty clear to me.  I seriously doubt it was an omission.
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Stat Man Steve
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« Reply #9 on: November 07, 2005, 03:43:00 PM »

Had it confirmed, sadly it is single points on Wednesdays.   Undecided   Odd.  Don't think that'll help Wednesdays live handle any.  Maybe the Triple Thursday will help that day (and overall).  Guess they'll know when they look at their numbers.   I'd seen enough errors in print over the years, I was hoping that was the this time.  Guess iwhen I can make the $7.50-$9.00 round trip down to HAW from near AP, I'd rather do it any day over Wednesday now.  I'm lucky to get down there at all, takes some doing on my part, and some scheduling luck, as it is.  Yes, 2% rebate is still better than 0.4% rebate on AP/Twin Spires. 
« Last Edit: November 07, 2005, 03:46:15 PM by Stat Man Steve » Report to moderator   Logged
big wally
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« Reply #10 on: November 07, 2005, 07:00:36 PM »

Thanks for the information. Very weird they would do this.
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Thomas Graham
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« Reply #11 on: November 07, 2005, 08:32:16 PM »

From a marketing standpoint it's a way to see if the 2% vs. 4% vs. 6% is truly moving/motivating people to a) come to HAW instead of another local entity (OTB/ITW) and b) play HAW as opposed to simulcasts.

Since in the past, they offered the double points every day, there's no way to truly measure its success.  By having one weekday (Wed.) by 2% rebate, one weekday (THurs.) a 6% rebate and one weekday (Fri.) a 4% rebate, they can look to see how the money moves.

If they discover no drop off in Wed. business and no increase in Thursday business, then maybe the double and triple points aren't as big a motivator as the couple of dozen of us on this forum think.

Think of it from this standpoint --- if you have a business and sell a product, bread for example, and have a sale on that product on Wednesdays but you sell no more loaves on a Wednesday than you do on Thursday, why have the sale.

In other words Hawthorne players who have the luxury of chosing what days you go, you better talk with your wallets on Thursdays and stay home on Wednesdays or you might be kissing double points in general bye bye.

TJG
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