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Author Topic: The "flawed logic" is only that of the HANA morons or tracks heeding their B.S.  (Read 550 times)
RacetrackRailbird
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« on: August 20, 2014, 02:16:02 PM »

Among the many fictional "facts" presented by the clueless fools behind HANA of late is the following:


"The fact is handle is created by bettors who are price sensitive."


Why can't these simpletons even figure out that the handle is created by all bettors?  (they should have read as much in a race day program when they were teenagers)


Racing already authored a study disclosing that "fewer than 2% of racegoers even know about takeout".


Thus to listen to, and create/alter policy as a result of the moronic observations of the HANA minority would be akin to state and nation-wide lottery commissions marketing themselves chiefly to the small sliver of people who have already won lottery prizes of at least 7 figures or more.

The "fact" is that until racing renews some kind of effort toward making itself the least bit appealing, if not favorable to the 99%... rather than give any significant 'votes' at all to the 1%, racing will continue the present-day death spiral.


In the same way that lotteries need only appeal to those who could be enticed with dreams of fortune, racing simply must widen its appeal to entice the forgotten 99%.

What the lottery has, that racing doesn't have, is the public perception of everybody having the same chance.   That's their edge.  People don't care what the astronomical odds are, they just know that they have exactly the same microscopic hope as does the next guy in line at the gas station.

What horse racing has, that the lotteries and nearly all other forms of gambling don't have, is parimutuel wagering.  That's horse racing's edgeThe problem with racing as it is presented today, is that racing does exactly nothing to capitalize on its own unique edge.  Instead racing endures the strangling effect of the HANA idiots on the vast majority of racing's dwindling fanbase.  It is precisely because of HANA, and it's maximum-of-just-under-2% potential membership, that the 98+% are forgetting about racing in droves, and the could-be, would-be racegoers want nothing to do with such an upside-down equation.

Now instead of pandering to those who caused racing's problems in the first place, it is high time for racing to reverse the decades-long, disastrous effects of those people on the business as a whole, all in favor of the 98% who each and every day face seemingly impossible equations far in excess of those grumbled about in the usual HANA prose. 

Imagine if you will the 7-figure lottery winner running around from state to state complaining that the lottery takeout is too high.  And then imagine the people in charge of the lottery altering their policies all because of the squeaky voices of the tiny minority.  In the case of the lottery, even if every 7-figure+ winner were easily identifiable for a lifetime by a golden glow which hovered around them eternally, the guy at the gas station would still play the lottery because he knows that he still has the same chance at success next Saturday as does the one with the golden glow.

In horse racing, and because of parimutuel wagering, each time the 1% go lobbying for a better shake, it benefits the 1% in exponential fashion, and simultaneously further tightens the screws on the 98%, while further rendering the outside world to want exactly no part of something so stacked against the vast majority.

Were it not for Jeff Platt, Andy Asaro, and their ilk, horse racing would still know thriving times, with greater parity between random racegoers (a luxury still known to the lottery at gas stations across America).  Instead these self-centered pea brains are further driving a knife into the gut of what we once knew...  with management so far unwilling to recognize, let alone acknowledge their own mistakes in allowing and setting up such a doomed endeavor.    (in their present states, the lottery is like the modern day N.F.L., where on any given Sunday the sorriest team in the league can beat the best team in the league, while horse racing is like the N.H.L. of the 1950's, where one or two teams always dominated.   It isn't difficult to see which one the public favors)


You don't have to read too much of Platt's stupidity to become aware of his true lack of understanding:


"Q. If the economy was so bad, how then did the CA Lottery achieve a completely different result through AB142 and lower takeout than CA Racing did with SB1072 and higher takeout?"


It has been true since the beginning of modern lotteries that when the economy goes down, lottery sales go up. 

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The Turf Monster
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« Reply #1 on: August 20, 2014, 04:23:40 PM »

Let's not ignore that HANA's president is a rebate pimp that caters to those whose interests are inherently not aligned with an equal, fair takeout rate that produces confidence in the equity of the game for every bettor

I expect this thread to be deleted well before Andy can paste a link to a HANA blog article

Btw, I am currently boycotting every track not named Canterbury or located in Maryland and if any of the aforementioned boycotted tracks experience a decline in handle, you are all welcome to say that you were part of the successful retroactive boycott that HANA will announce on its blog
« Last Edit: August 20, 2014, 04:28:10 PM by The Turf Monster » Report to moderator   Logged
AndyA
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« Reply #2 on: August 20, 2014, 04:48:02 PM »

I don't think it should be deleted.  In fact I think it should be put in the thread I started since it is a reply to the thread starter.

Show me what you've got.
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beobob
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« Reply #3 on: August 20, 2014, 04:57:25 PM »

Let's not ignore that HANA's president is a rebate pimp that caters to those whose interests are inherently not aligned with an equal, fair takeout rate that produces confidence in the equity of the game for every bettor

How can you possibly speak ill of an organization that will soon bring California racing to its knees in order to get the daily double takeout set at 18%?  The future of racing hinges on the DD takeout rate.
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The Turf Monster
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« Reply #4 on: August 20, 2014, 05:27:01 PM »

I'd be willing to bet that a significant number of HANA members think that a few ticks off that DD takeout rate will allow them to be winning bettors
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AndyA
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« Reply #5 on: August 20, 2014, 05:43:56 PM »

I'd be willing to bet that a significant number of HANA members think that a few ticks off that DD takeout rate will allow them to be winning bettors

Optimal Takeout

"The PRICE POINT that drives total wagering handle upward to where total LONG TERM REVENUE becomes MAXIMIZED for TRACKS, HORSEMEN, and GOVERNMENTS."

That's about the sixth time we've had the same exchange. 
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honest & balanced terry
formerly plain old clockerterry
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« Reply #6 on: August 20, 2014, 06:32:41 PM »

I'd be willing to bet that a significant number of HANA members think that a few ticks off that DD takeout rate will allow them to be winning bettors

Nobody is that dumb. Few ticks off for one means few ticks off for all.

And I would bet this HANA bunch knows far more about takeout and its effects than most.
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He's literate and funny.  I can see why he angers you so.
The Turf Monster
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« Reply #7 on: August 20, 2014, 09:43:59 PM »

Optimal Takeout

"The PRICE POINT that drives total wagering handle upward to where total LONG TERM REVENUE becomes MAXIMIZED for TRACKS, HORSEMEN, and GOVERNMENTS."

That's about the sixth time we've had the same exchange.  


And it's the sixth time you ignore that the ADW companies that HANA's president pimps bettors to are detrimental to the cause of/reason to lowering takeout.  It is literally impossible to determine optimal takeout, with the definition you've provided, when you factor in ADWs and the rebates they provide

I look forward to the next blog post
« Last Edit: August 20, 2014, 09:49:27 PM by The Turf Monster » Report to moderator   Logged
honest & balanced terry
formerly plain old clockerterry
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Posts: 13143

silver-tongued track bum




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« Reply #8 on: August 20, 2014, 10:36:51 PM »

And it's the sixth time you ignore that the ADW companies that HANA's president pimps bettors to are detrimental to the cause of/reason to lowering takeout.  It is literally impossible to determine optimal takeout, with the definition you've provided, when you factor in ADWs and the rebates they provide

If I am not mistaken, Andy defined "Optimal Takeout" as

"The PRICE POINT that drives total wagering handle upward to where total LONG TERM REVENUE becomes MAXIMIZED for TRACKS, HORSEMEN, and GOVERNMENTS."

There's nothing in there about rebates, or players, or ADW's, or any of that crap. Only what maximizes revenue for "TRACKS, HORSEMEN, and GOVERNMENTS". What those entities see is totally after the fact of who is keeping what out of the takeout.

ADW's keep whatever % they get contractually out of the takeout. What they do with the money they keep after that, in rebates or whatever, is moot. If they keep 90% of it and rebate only 10%, it makes no difference to "TRACKS, HORSEMEN, and GOVERNMENTS". If they keep only 10% and rebate 90%, also no difference. The only thing being divided up is money that's already out of the reach of "TRACKS, HORSEMEN, and GOVERNMENTS."
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He's literate and funny.  I can see why he angers you so.
AndyA
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Posts: 406




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« Reply #9 on: August 21, 2014, 04:23:57 AM »

And it's the sixth time you ignore that the ADW companies that HANA's president pimps bettors to are detrimental to the cause of/reason to lowering takeout.  It is literally impossible to determine optimal takeout, with the definition you've provided, when you factor in ADWs and the rebates they provide

I look forward to the next blog post
Stay tuned.
« Last Edit: August 21, 2014, 04:27:18 AM by AndyA » Report to moderator   Logged
AndyA
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« Reply #10 on: August 21, 2014, 08:30:21 AM »

Among the many fictional "facts" presented by the clueless fools behind HANA of late is the following:


"The fact is handle is created by bettors who are price sensitive."


Why can't these simpletons even figure out that the handle is created by all bettors?  (they should have read as much in a race day program when they were teenagers)


Racing already authored a study disclosing that "fewer than 2% of racegoers even know about takeout".


Thus to listen to, and create/alter policy as a result of the moronic observations of the HANA minority would be akin to state and nation-wide lottery commissions marketing themselves chiefly to the small sliver of people who have already won lottery prizes of at least 7 figures or more.

The "fact" is that until racing renews some kind of effort toward making itself the least bit appealing, if not favorable to the 99%... rather than give any significant 'votes' at all to the 1%, racing will continue the present-day death spiral.


In the same way that lotteries need only appeal to those who could be enticed with dreams of fortune, racing simply must widen its appeal to entice the forgotten 99%.

What the lottery has, that racing doesn't have, is the public perception of everybody having the same chance.   That's their edge.  People don't care what the astronomical odds are, they just know that they have exactly the same microscopic hope as does the next guy in line at the gas station.

What horse racing has, that the lotteries and nearly all other forms of gambling don't have, is parimutuel wagering.  That's horse racing's edge.  The problem with racing as it is presented today, is that racing does exactly nothing to capitalize on its own unique edge.  Instead racing endures the strangling effect of the HANA idiots on the vast majority of racing's dwindling fanbase.  It is precisely because of HANA, and it's maximum-of-just-under-2% potential membership, that the 98+% are forgetting about racing in droves, and the could-be, would-be racegoers want nothing to do with such an upside-down equation.

Now instead of pandering to those who caused racing's problems in the first place, it is high time for racing to reverse the decades-long, disastrous effects of those people on the business as a whole, all in favor of the 98% who each and every day face seemingly impossible equations far in excess of those grumbled about in the usual HANA prose.  

Imagine if you will the 7-figure lottery winner running around from state to state complaining that the lottery takeout is too high.  And then imagine the people in charge of the lottery altering their policies all because of the squeaky voices of the tiny minority.  In the case of the lottery, even if every 7-figure+ winner were easily identifiable for a lifetime by a golden glow which hovered around them eternally, the guy at the gas station would still play the lottery because he knows that he still has the same chance at success next Saturday as does the one with the golden glow.

In horse racing, and because of parimutuel wagering, each time the 1% go lobbying for a better shake, it benefits the 1% in exponential fashion, and simultaneously further tightens the screws on the 98%, while further rendering the outside world to want exactly no part of something so stacked against the vast majority.

Were it not for Jeff Platt, Andy Asaro, and their ilk, horse racing would still know thriving times, with greater parity between random racegoers (a luxury still known to the lottery at gas stations across America).  Instead these self-centered pea brains are further driving a knife into the gut of what we once knew...  with management so far unwilling to recognize, let alone acknowledge their own mistakes in allowing and setting up such a doomed endeavor.    (in their present states, the lottery is like the modern day N.F.L., where on any given Sunday the sorriest team in the league can beat the best team in the league, while horse racing is like the N.H.L. of the 1950's, where one or two teams always dominated.   It isn't difficult to see which one the public favors)


You don't have to read too much of Platt's stupidity to become aware of his true lack of understanding:


"Q. If the economy was so bad, how then did the CA Lottery achieve a completely different result through AB142 and lower takeout than CA Racing did with SB1072 and higher takeout?"


It has been true since the beginning of modern lotteries that when the economy goes down, lottery sales go up.  



You're all getting quite the review on Pace Advantage.  Keep up the good work dumbing down the board.

http://www.paceadvantage.com/forum/showthread.php?p=1697536#post1697536
Quote:
Originally Posted by Grits
Three words for this...

TWITTER INCOMING. Expanded.

You can't present yourself, your points by any means other than namecalling? Morons, pimps, clueless fools, stupid?

You have nothing, least of all, everyone's attention. Having gone to one of the poster's blogs, I'm reminded why I have little use for many horseracing bloggers. They have poor writing skill. Some, even none. They're legendary in the cheap, cocky, one shot world of Twitter.
---------------------------
There's one word at the top of the page that tells me all I need to know - Chicago.
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The Turf Monster
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« Reply #11 on: August 21, 2014, 10:31:35 AM »

The Calitards on pace advantage are always good for a laugh. 

How many threads on the first 5 pages will be about two tracks running at the same time where one of the "whales" is upset that he can't watch both Charles town and hazel park?  We all know that he'll miss the always-evident track bias that comes out when $2.5k claimers run around a bull ring
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