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Author Topic: CARTEL WAGERING  (Read 6310 times)
the exactorman
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« Reply #350 on: March 25, 2013, 06:56:00 PM »

but if you wager anywhere else you're scum of the earth according to the babbling 4th grader who owes me an appology that ill get face to face when i grace the swamp with my next appearance sneaky thumbs up
I don't know what Sulky did but I have a suggestion, have Sam McKee announce the apology as he announces the horses are behind the gate laughing guy laughing guy
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Wink Martingale
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« Reply #351 on: March 25, 2013, 06:56:11 PM »

Again, I don't know if anyone knows, but did Pedro Island originally list for Buzzy Sholty last week?  If so, that 3-1 line is weak, but I suspect (or at least HOPE) that someone else (or at least No Driver) was listed early on.
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"Some people like Jews and some do not; but no thoughtful man can doubt the fact that they are beyond all question the most formidable and the most remarkable race which has ever appeared in the world."

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the exactorman
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« Reply #352 on: March 25, 2013, 07:02:30 PM »

Again, I don't know if anyone knows, but did Pedro Island originally list for Buzzy Sholty last week?  If so, that 3-1 line is weak, but I suspect (or at least HOPE) that someone else (or at least No Driver) was listed early on.
I have a question that surely could be viewed as a dumb question....however, IDK because I rarely look at the morning line. I find it more important to watch early money, especially in Tbred races with maidens and firsters...when a persons job is to make the morning line, does he base it upon what HE thinks the odds will be based on HIS handicapping? Or is he basing the line on what he THINKS public will make the horse? Or a little of both?
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Wink Martingale
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« Reply #353 on: March 25, 2013, 07:03:27 PM »

No, he bases it on what DICK SELMA would do.  Cheesy

Public.
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"Some people like Jews and some do not; but no thoughtful man can doubt the fact that they are beyond all question the most formidable and the most remarkable race which has ever appeared in the world."

--Winston Churchill
the exactorman
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« Reply #354 on: March 25, 2013, 07:05:30 PM »

No, he bases it on what DICK SELMA would do.  Cheesy

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Ok...thanks..in that case..he's done a terrible job laughing guy laughing guy
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Wink Martingale
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« Reply #355 on: March 25, 2013, 07:07:17 PM »

No dispute there.
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"Some people like Jews and some do not; but no thoughtful man can doubt the fact that they are beyond all question the most formidable and the most remarkable race which has ever appeared in the world."

--Winston Churchill
jks best
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« Reply #356 on: March 26, 2013, 12:16:35 AM »

I don't give a crap about the morning lines.....PERIOD !!  I make my own morning line.....capiche?Huh   I don't care who has credibility or not.....Darrin is good peeps.....   people just hating on the Meadowlands....same old story......   


I LOVE THE MEADOWLANDS AND I LOVE HARNESS RACING !! ALL YOU HATERS KISS MY A S S !!!!

 flag flag flag flag flag   


Darin works hard & cares that the Meadowlands succeeds. He is good peeps as you say. If more tracks had workers like Darin the sport would be in better shape. Darin might not be perfect but he gets it.
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sulkyfromouterspace
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« Reply #357 on: March 26, 2013, 05:05:27 AM »

Darin works hard & cares that the Meadowlands succeeds. He is good peeps as you say. If more tracks had workers like Darin the sport would be in better shape. Darin might not be perfect but he gets it.


Great post !!   Darin does work hard.....He is working his butt off .....but posters like cecil....and his crew of meadowlands haters do not understand hard work....they never have anything good to say about the Meadowlands or Jeff Gurals team.....  Sulky has no problem speaking back to the 5 or 6 bullys that want to attack me.... I will defend the Meadowlands till the day I die......   Mile Racing is just better.....   

listen hear dum dums....   THE MEADOWLANDS BEST DAYS ARE AHEAD OF THEM !!







 trotter 


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cecil127
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« Reply #358 on: March 26, 2013, 08:05:09 AM »

email sent thumbs up Smiley
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hard work never killed anyone, but why risk it....
Herve Filion
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« Reply #359 on: March 26, 2013, 08:31:21 AM »

Darin works hard & cares that the Meadowlands succeeds. He is good peeps as you say. If more tracks had workers like Darin the sport would be in better shape. Darin might not be perfect but he gets it.


Great post !!   Darin does work hard.....He is working his butt off .....but posters like cecil....and his crew of meadowlands haters do not understand hard work....they never have anything good to say about the Meadowlands or Jeff Gurals team.....  Sulky has no problem speaking back to the 5 or 6 bullys that want to attack me.... I will defend the Meadowlands till the day I die......   Mile Racing is just better.....   

listen hear dum dums....   THE MEADOWLANDS BEST DAYS ARE AHEAD OF THEM !!

 trotter 

the meadowlands does have a good future ahead maybe a great if they get slots.
however they will never match the greatness of the past.no longer will 20-30,000 people attend  daily live racing on track.no more 7-8 million dollar handles on saturday nights.the small grandstand being built and adws are proof of that.the quality of racing can only get back to where it once was if slot tracks are eliminated.there simply is not enuff good horses to go around for that to happen.
the 3 best things the meds has gong for it is location a one mile oval and jeff gural.
i hope gural and his crew succeed !
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sulkyfromouterspace
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« Reply #360 on: March 26, 2013, 04:56:49 PM »


Eric Cherry talks about cartel wagering
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March 26, 2013 | Print View 



Eric Cherry, who races horses as Let It Ride Stables and owns the South Florida Trotting Center in Florida, has written the following in response to recent articles regarding cartel wagering at the Meadowlands Racetrack:

 

The recent article about cartel wagering and how The Meadowlands is secretly fostering this practice to the detriment of horsemen in order to artificially raise the handle is missing the boat on many levels.

 

The goal should be to create as many dollars as possible to distribute between the horsemen through purses and the tracks. The actual handle is secondary. If the amount that is allowed to be wagered were capped then the margin earned per dollar bet would be material in this discussion,but that is not the case. A large handle is required to allow all bettors to bet the maximum they desire without destroying the odds. That is worth repeating. A large handle is required to allow all bettors to bet the maximum they desire without destroying the odds.

 

The current fee, otherwise known as takeout, is extremely high. After 12 races with a 20 percent takeout (many tracks aggregate rate is higher), the bettors are left with just 7 cents while the track and horsemen split 93 cents. It is no wonder that revenue is dropping. This model worked when there was considerably less competition,but is struggling today with the expansion of many forms of wagering. Our sport faces many challenges, but it is in all of our best interest to evolve with the times.

 

I am certain that most people remember that before the days of the Internet that the cost of buying and selling stocks made the cost of day trading prohibitive, except for professionals. Today for a transaction fee of about $10 you can buy or sell virtually any quantity of a given stock. I proposed in a past article moving to a transaction fee for the larger bettors. We don't want to discourage or stop the smaller bettors from participating so, for them we can leave the current system in play. The cost structure of accepting wagers has been reduced dramatically. Many of the bets today are paperless and a significant number of bettors bet online without the cost of human interaction as well. We need to encourage more players to "invest" in our betting pools. To accomplish this, we need to offer an enticing product. Large pools with a small takeout, whatever the method, does just that.

 

Let's not forget that takeout is a FEE! We don't pay our bills in percentages, we pay them in dollars. It costs the same to put on our show, the races, no matter how much is bet. Our main concern should be how much money is available to convert into purses and not the percentage of takeout!

 

If The Meadowlands rise in handle is the result of them giving a "break " to the cartels, then I commend them for proving that basic economic principles work in our industry and we should embrace that idea instead of criticizing it. Our other choice is to depend on politicians to help us. How is that working out?





 thumbs up        Lots of Big M supporters out there !!....    7-8 million handle on A sat Night....  quite possible.....   in the future,,,,  6- 10 years.... I don't think slots would be required....yonkers and the other juicing factories will fade away into the sunset....   Yonkers raceway will be home to another casino........I give it 6-10 more years...If that !!       Integrity wins !!     This years Hambo will be the best one yet !!    watch the Handle !!      popcorn        also watch the handle on opening night of the new facility !!  CHA CHING !!!!!!!!!!!
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pigland1
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« Reply #361 on: March 26, 2013, 06:23:05 PM »

Eric Cherry talks about cartel wagering
Return Home

March 26, 2013 | Print View 



Eric Cherry, who races horses as Let It Ride Stables and owns the South Florida Trotting Center in Florida, has written the following in response to recent articles regarding cartel wagering at the Meadowlands Racetrack:

 

The recent article about cartel wagering and how The Meadowlands is secretly fostering this practice to the detriment of horsemen in order to artificially raise the handle is missing the boat on many levels.

 

The goal should be to create as many dollars as possible to distribute between the horsemen through purses and the tracks. The actual handle is secondary. If the amount that is allowed to be wagered were capped then the margin earned per dollar bet would be material in this discussion,but that is not the case. A large handle is required to allow all bettors to bet the maximum they desire without destroying the odds. That is worth repeating. A large handle is required to allow all bettors to bet the maximum they desire without destroying the odds.

 

The current fee, otherwise known as takeout, is extremely high. After 12 races with a 20 percent takeout (many tracks aggregate rate is higher), the bettors are left with just 7 cents while the track and horsemen split 93 cents. It is no wonder that revenue is dropping. This model worked when there was considerably less competition,but is struggling today with the expansion of many forms of wagering. Our sport faces many challenges, but it is in all of our best interest to evolve with the times.

 

I am certain that most people remember that before the days of the Internet that the cost of buying and selling stocks made the cost of day trading prohibitive, except for professionals. Today for a transaction fee of about $10 you can buy or sell virtually any quantity of a given stock. I proposed in a past article moving to a transaction fee for the larger bettors. We don't want to discourage or stop the smaller bettors from participating so, for them we can leave the current system in play. The cost structure of accepting wagers has been reduced dramatically. Many of the bets today are paperless and a significant number of bettors bet online without the cost of human interaction as well. We need to encourage more players to "invest" in our betting pools. To accomplish this, we need to offer an enticing product. Large pools with a small takeout, whatever the method, does just that.

 

Let's not forget that takeout is a FEE! We don't pay our bills in percentages, we pay them in dollars. It costs the same to put on our show, the races, no matter how much is bet. Our main concern should be how much money is available to convert into purses and not the percentage of takeout!

 

If The Meadowlands rise in handle is the result of them giving a "break " to the cartels, then I commend them for proving that basic economic principles work in our industry and we should embrace that idea instead of criticizing it. Our other choice is to depend on politicians to help us. How is that working out?





 thumbs up        Lots of Big M supporters out there !!....    7-8 million handle on A sat Night....  quite possible.....   in the future,,,,  6- 10 years.... I don't think slots would be required....yonkers and the other juicing factories will fade away into the sunset....   Yonkers raceway will be home to another casino........I give it 6-10 more years...If that !!       Integrity wins !!     This years Hambo will be the best one yet !!    watch the Handle !!      popcorn        also watch the handle on opening night of the new facility !!  CHA CHING !!!!!!!!!!!
thumbs up
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sulkyfromouterspace
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« Reply #362 on: March 26, 2013, 06:33:57 PM »

 thumbs up PIGLAND
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Wink Martingale
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« Reply #363 on: March 26, 2013, 07:50:00 PM »

"Our main concern should be how much money is available to convert into purses and not the percentage of takeout!"

In other words, bettors be damned.  Nothing new under the sun there. 
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"Some people like Jews and some do not; but no thoughtful man can doubt the fact that they are beyond all question the most formidable and the most remarkable race which has ever appeared in the world."

--Winston Churchill
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