They're banking on that there won't be a drop in handle, and with "Derby Fever" right around the corner, people will forget about the hike, chalk it up as the cost of doing business, and bet like they normally bet.

I'm not sure why anyone would bet any money on Churchill at the new rates...its not like the product is going to be any better than its been.

Raising takeout a small fraction of one percent is one thing, but to jack it up the way they jacked it up is really a slap in the face to horsebettors everywhere, they're essentially saying you're a sucker who will continue to wager and they can charge you pretty much anything they want and you'll like it and keep your mouth shut and keep betting.