Business is never so healthy as when, like a chicken, it must do a certain amount of scratching around for what it gets.
Henry Ford
No business can change what it does not measure. Racing’s public measurement of support, via wagering, hides serious issues.
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Over the last century, U.S. racetracks have reported total handle on their races and, for most of that time, it was one metric that accurately depicted the health of the business. But in our modern era of simulcasting, rebating and high-frequency betting from professionals, often called computer-assisted or robotic wagering (CAW/CRW), total handle figures actually deceive industry stakeholders more than anything.
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Using inflation-adjusted figures from that NTRA study, published in 2004, CAW/CRW betting has likely tripled in the last 20 years. That means mainstream betting is probably down about two-thirds since then. This is an atrocious trajectory from racing’s largest customer base–rank-and-file horseplayers–and has occurred during a period where racing had a veritable monopoly on legal, regulated betting via the Internet.
…
I’m all for technology. I’m not against CAW/CRW play. I want all customer segments to grow. I want a bigger pie for everyone. I’m FOR horse racing. We all enjoy bigger purses, but the realities of our core wagering business, which sustains the sport and keeps it in the public consciousness, is really alarming. Most owners and breeders don’t see it because it has been, relatively, hidden behind antiquated methods of reporting handle.
I encourage owners, breeders’ and horsemen’s organizations to demand far greater transparency–both of operators and regulators–as it relates to racing’s wagering business. We need to be stewards of our sport and not merely accept elevated purses while ignoring the economic fundamentals that impact our largest base of customers.
TDN = Letter To The Editor: Craig Bernick
That men do not learn very much from the lessons of history is the most important of all the lessons that history has to teach.
Phil has a question:
Do the powers that bee in horse racing remember that it was the part of the iceberg that wasn’t visible that sank the Titanic.
How soon before PETA and the other groups looming to kill racing and get the slot and casino revenues start using the figures that Bernick speaks about against horse racing.
Do you think anyone at Horse Racing Alberta understands the implications of this article
Do you think anyone at Horse Racing Alberta cares about the implications of this article as long as their slots paid cheque keep arriving.
Bloodhorse – Woodbine, HBPA Agree on Two-Year Deal
This Week’s Stops on the Road to the 2023 Kentucky Derby 149
Mar 25, 2023
Meydan Racecourse
UAE Derby 100-40-30-20-10
Fair Grounds
Louisiana Derby 100-40-30-20-10
Turfway Park
Jeff Ruby Steaks (Stakes) 100-40-30-20-10
Mar 26, 2023
Sunland Park
Sunland Derby 50-20-15-10-5
Bloodhorse – Pedulla – Congruent’s Co-Owner on Path to the Kentucky Derby
Paulick Report – O’Brien-Trained Cairo Will Try To Emulate Mendelssohn In Saturday’s UAE Derby
Airtime – 200 – 1
Chase the Chaos – No odds listed
Horse Racing Nation – Flatter – Kentucky Derby odds: Futures prices move for 69 of 96 horses
DRF – Andersen – Yakteen Derby hopefuls running through four time zones
DRF – Illman – Hayes Strike eyes Kentucky Derby prep after Private Terms triumph
Brisnet – Hanson – Instant Coffee favored in Louisiana Derby; Fair Grounds Oaks attracts five
Paulick Report – Cox-Trained Instant Coffee Morning-Line Favorite Among Dozen For Louisiana Derby
DRF – Hersh – Cox has three for Louisiana Derby
Bloodhorse – Ehalt – Longer Fair Grounds Preps Working Out Well for Cox
TDN – West Coasters Breeze Towards Next Preps
TDN – Practical Move, Reincarnate Work for Yakteen
TDN – Forte Breezes for Curlin Florida Derby
Paulick Report – Pletcher: Forte ‘Doing All The Things The Way You’d Want Him To Be Doing Them’
Phil’s Drink ‘n a Flick
Bloodhorse – Shulman – After Change of Plan, Secretariat Delivers in 3YO Debut
Paulick Report – Pedulla – In Their Own Words: Turcotte’s Unforgettable Ride Aboard Secretariat
TDN – Secretariat’s Legacy Available Online
Bloodhorse – Byron King – Tapit Trice Advances to Third in Derby Dozen
TDN – Thornton – TDN Derby Top 12: Forte Vs. Everyone Else
Horse Racing Nation – De Rosa – Kentucky Derby 2023: DeRosa’s Fair odds for Forte, 18 rivals
Horse Racing Nation – Kentucky Derby 2023 Contenders
TDN – Bill Finley – Kentucky Oaks Top 10: Strange Year Continues
Bloodhorse – McCroskey –Pretty Mischievous Looks Tough to Beat in FG Oaks
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SMORGASBURG FRIED CHICKEN DAY SATURDAY, MARCH 25 SPECIAL OFFER: *Promo offer included in ticket link below. Don’t miss out on Smorgasburgs LA best chicken vendors as they serve up their recipes right on the trackside apron during live racing. Online package includes your track admission, parking, one (1) fried Chicken item from any participating vendor, one (1) craft beer or wine and more. FRIED CHICKEN VENDORS OFFER GOOD THROUGH WEDNESDAY, MARCH 22 |
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Don’t be against things so much as for things.
Colonel Sanders
ESPN – Medcalf – Mike Anderson to file lawsuit vs. St. John’s over firing
Front Office Sports – McCarthy – March Madness Opener Draws Best TV Numbers In 8 Years
Front Office Sports – The Bracket Is the Hub of an Entire Business Ecosystem
Phil has a question:
When will the 96 team bracket appear.
Do you think anyone at Horse Racing Alberta understands the bracket attraction.
The Ringer – Furman – Winners and Losers of the NCAA Men’s Tournament Round 1
Sports Illustrated – Sweeney – How Undersized, Underestimated Fairleigh Dickinson Toppled Purdue
For large swaths of the second half, this upset for the ages felt inevitable. There were several sequences in which Edey contested an FDU shot and forced a miss, but no other Purdue players stepped in to grab the loose ball. Edey’s opponents looked like kids; his teammates played like kids.
March is a month without mercy for rabid basketball fans. There is no such thing as a ‘gentleman gambler’ when the Big Dance rolls around. All sheep will be fleeced, all fools will be punished severely… There are no Rules when the deal goes down in the final weeks of March. Even your good friends will turn into monsters.
Hunter S. Thompson
ESPN – Lunardi – 2023 NCAA Tournament Bracketology
ESPN – Men’s Tournament Challenge
CBS – NCAA® March Madness® 2023 Men’s Bracket Games
Inverse – Fauzia – A New Universal Covid-19 Vaccine Could Stop Future Variants in Their Tracks
Phil has a question:
Why does pushing a wheelchair down stairs result in three criminal charges, but delivering a gun to a murder gets you a bodyguard.
Front Office Sports – McCarthy – Meet Topgolf for Baseball: ‘Home of 7 MPH Fastball’
Garden and Gun – Hendrickson – The Living Rock-and-Roll Legends
Daily Hive – Stephen – These Canadian cities are most likely to survive a zombie apocalypse
Southern Living – Phelps – 26 Make-Ahead Casseroles For Easter Sunday Brunch
The Ringer – Kapadia – Five Important Takeaways From the First Wave of NFL Free Agency
Bloodhorse – Equine Injury Database Finds Record Year for Safety
Front Office Sports – Greenberg – Vermont, Georgia, North Carolina Make Progress on Sports Betting
The Ringer – Chin – ‘Shazam! Fury of the Gods’ Begins DC’s Blockbuster Clearance Sale
Literary Hub – Woo – Why Authenticity Doesn’t Exist When It Comes To Food
Paulick Report – Hayes Strike Surges Clear Late In Private Terms; Lady Lowery Wires Beyond The Wire
TDN – McGrath – Rosen Made To Measure For The Chief’s Crown
Sports Business Journal – Diamond claims MLB streaming dispute pushed it toward bankruptcy
Bloodhorse – Rodriguez Completes Seven-Win Day at Laurel
Bloodhorse – Top 10 Ways HISA’s ADMC Program Will Change Racing
TDN – All Six 2-Year-Olds Reoffered by Keeneland Change Hands
The Ringer – Solak – Aaron Rodgers Said He Wanted Clarity. What He Really Wanted Is Control.
Sports Business Journal – Jordan in ‘serious talks’ to sell majority of Hornets
Canada’s National Observer – The collapse of the Very Good Food Company
Phil has a question:
Why does pushing a wheelchair down stairs result in immediate indefinite suspensions, but delivering a gun to a murder gets you a bodyguard.
Phil has a question:
Why are all the tough on crime repressives not willing to admit that to get tough on crime you need to get tough on guns.
Sports Business Journal – Sources: NBA expects tech interest to push media rights price higher
Front Office Sports – ‘Lose My Number:’ The Winners and Losers of Aaron Rodgers Interview
Phil has a question:
When will one of these scribes finally say that Rodgers likes to keep the media in the dark.
Phil M Stockmen
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SPRING NUMBER CRUNCHING TIMES
CENTURY securities filing states AGLC relocation of casino 8 miles south, competitor close to Downs will have a negative effect on revenues.
SM2 winter newsletter states within 2/3 years a 150 bed hotel and entertainment/conference complex building project at Ace Airport Casino.
ALBERTA CENTURY parimutuel/sports betting/i gaming revenue was 10.88 mil in 2022 a increase of only 523k or 5.1% from 2021 10.35 million and 2020 10.16 million, all in USA dollars with 3.8% negative Canadian exchange rate.
Total century revenue was 430 million with only 20 million from above.
UCP BILL 10 highlights, increasing flexibility to Alberta horse racing industry by adding 2/4 to tribunals appeals, 2 more public board members 400k later.
RICO WALCOTT was 377th in NA rider earnings with 780k in 2022, with only 52 versus woodbine 133 dates, doubling/tripling income should occur.
MOAK LAWYER a 20 yr owner with over 3 million in earnings should represent Tracy’s racing woes professionally, will century act before HRA governance??