Re: Del Mar -- CAWs (379 Views)
Posted by:
TMW (IP Logged)
Date: July 19, 2023 11:52PM
TGJB Wrote:
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> My point is they’re getting a lot more back than
> that.
>
> If racetrack execs had to publish profit and loss
> instead of handle figures none of this s—t would
> be going on. They’re making almost nothing on
> each CAW dollar bet, just trying to make it look
> like they’re succeeding.
>
> So far all the response on the TDN site is from
> horseplayers. Which is extremely disheartening, I
> didn’t write it for them. I wrote it to wake the
> rest of the industry the f—k up.
I know the #1 and #2 at Del Mar. I will see them this weekend and will realize how "transparent" they are about this topic. I understand (as an owner) the CAW bets add to the horse purses that are based on handle. It still sucks that 33% of the handle get a -- say -- 10% rebate when normal bettors get hit with 20% plus takeout. Any economist would say you are crazy to participate in this, even though I will. My feeling is if they feel the CAWs are necessary, then open up some pools (my original post's question) without the CAWs getting rewarded with rebates.
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