Re: Pool Liquidity (1024 Views)
Posted by:
GChandler (IP Logged)
Date: November 21, 2015 07:06PM
CAW players leaving the game would likely cause T'Bred handle to fall by 3 billion (annualized) almost immediately. The effect on tracks like GP, AQU & SA would be less than at some other tracks but still noticeable. Smaller tracks like HAW, TuP, TP, MNR, Los Al,etc would close within 60 days because they would be unable to pay purses. All of those cheap horse have to go somewhere and since many them can't compete anywhere else a few thousand would have to be put down.
Therein lies the problem. You can say that without the bots more players would be attracted to the sport. Not with an average takeoput of 21% they wouldn't, not to mention the fact that we have already lost 1-2 generations of gamblers. There isn't anything you could to get large numbers of 18-30 years that have never bet horses to take up the game. Maybe, just maybe if you lowered the takeout to 10%, which neither the tracks nor the horsemen would support, you could get the generation behind the 18-30 group back to the game. Maybe.
To borrow from Churchill "there's nothing worse than having CAW players in the pools except for not having them at all."