Re: Teflon Todd (581 Views)
Posted by:
Michael D. (IP Logged)
Date: December 28, 2006 04:00PM
TGJB Wrote:
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> Michael-- just off the top of my head:
>
> 1-- The takeout is insanely high compared to other
> forms of gambling (you bet sports, you should
> know, and on-line poker is probably cheaper). An
> entire industry (rebating) has sprung up because
> the industry has no clue what it is doing, and
> rebaters are making a whole lot of money just for
> acting as middle men and giving customers what
> they need. That money could be staying in the
> industry.
>
> 2-- Cheating (drugs) is rampant, daily. The
> parimutuel pool is a market, and people with
> inside information (knowing who is drugged) are on
> a daily basis taking money out of the pockets of
> those participants in the marketplace that don't
> have the info. As I have pointed out recently to
> major entities, this is a moral issue for the
> industry, may be a legal one, and definitely is a
> practical one. There are many people who are
> playing less often (like myself), or have stopped
> entirely, because they think they are at a
> disadvantage.
>
> 3-- Slots etc. are a bandaid on a shotgun wound,
> fool's gold for horsemen. What happens when the
> state wants a higher percentage for education?
> What happens when they need more revenue, and
> start giving out franchises outside racetracks?
Jerry,
you blame all this on Ky breeders?