Good morning everyone in racing land!
Bill Finley, fresh off his Sweden trip, dishes on Grand River's lower takeout plan in Ontario (pdf). Bill makes some excellent points, not the least of which is that in simulcast land, smaller tracks with small pools have a tough time making lower rakes work.
Pricing has evolved in racing over the last fifteen years. We've gone through several iterations.
For those who don't follow it like gambling geeks do, here's a summary.
First, was the 'no reduction in price, anywhere anytime; we are still a monopoly and no one cares about price' phase. This was when you'd hear things like 'pricing does not matter because I walked the grandstand and people don't even know what takeout is'. Near this time, slots were introduced to several jurisdictions, where all money went to purses and profits, with nothing to the customer. The customer did not matter in this phase, because they'd bet cockroach races at 30% rakes,…
Bill Finley, fresh off his Sweden trip, dishes on Grand River's lower takeout plan in Ontario (pdf). Bill makes some excellent points, not the least of which is that in simulcast land, smaller tracks with small pools have a tough time making lower rakes work.
Pricing has evolved in racing over the last fifteen years. We've gone through several iterations.
For those who don't follow it like gambling geeks do, here's a summary.
First, was the 'no reduction in price, anywhere anytime; we are still a monopoly and no one cares about price' phase. This was when you'd hear things like 'pricing does not matter because I walked the grandstand and people don't even know what takeout is'. Near this time, slots were introduced to several jurisdictions, where all money went to purses and profits, with nothing to the customer. The customer did not matter in this phase, because they'd bet cockroach races at 30% rakes,…