May 162023
 

Bloodhorse – Angst – From Magazine: Giving Bettors Fighting Chance vs. CRW


Phil’s adding the new and reprising the old articles:

Never insult anyone by accident. 

Robert A. Heinlein

TDN – Letter To The Editor: Resnick – In Response to Computer Assisted Wagering

TDN – Liebman – Letter to the Editor: Computer Assisted Wagering

There is always room for losers in the football business. They are the mother’s milk of gambling, and why not? Somebody has to do it, or there won’t be any winners.

Hunter S. Thompson

Phil has a question:

What happens to horse racing when you run out of mother’s milk.

Horse Race Insider – Pricci – NON-SUPER TRAINERS FACE BLEAK FUTURE IN TODAY’S RACING INDUSTRY

Front Office Sports – Greenberg – Sports Betting Giant Selling Its U.S. Operations

Officials believe they must cater to whales to protect betting handle that’s been virtually flat for decades, never mind keeping pace with inflation. What they fail to grasp is that if rank and file players continue walking away, today’s precious purses will be unsustainable.

Horse Race Insider – Pricci – AN OPEN LETTER TO HISA, HORSEMEN, RACETRACKS, OFF-TRACK BET-TAKERS, AND LEGISLATORS

Michele Fischer, vice president of the United States division of SIS Content Services, which is the largest distributor of horse racing content to global wagering operators, said fixed-odds wagering on U.S. horse racing would be an attractive addition to sports betting platforms. She said there’s still time for the industry to make the move but the clock is ticking.

“We have to look at the industry five years from now, 10 years from now,” Fischer said. “We are getting left behind—and I’d say this for other equestrian sports—we’re becoming niche—very niche—very quickly,” Fischer said. She predicted that the day is soon coming when sports without a direct presence on sports betting sites will lose traction with the mainstream audience. 

“There’s always going to be people that want to come to the racetrack and they’re going to want to bet on horse racing. That’s a small group,” Fischer said. “But (fixed-odds sports betting) is a huge opportunity for this entire industry to get out with all these other sports.”

Bloodhorse – Angst – Opportunity for Racing as Sports Betting Eyes Content

Phil has a question:

How can anyone in Alberta expect the fucking jokers over at Horse Racing Alberta to be able to meet the challenges alluded to by Fischer and Pricci when all they can do is cash their paycheques and gaze out the windows while the one real performance metric they publish – handle declines year after year.

TDN – Ross – When Do CAWs Help And Hurt California Racing?

Phil has a question:

If you asked any of the minions at Horse Racing Alberta what they understand about CAWs would their response involve crows.

In all of the articles about CAWS why is there no mention of the actual dollar amounts of the rebates and how those amounts impact what the tracks receive and what ends up dwindling down to the horsemen.

… the number of people betting on sports and the volume of wagering across the United States quickly surpassed horse racing’s totals and continues to grow.

Paulick Report – The Friday Show Presented By Icon Global: Merging Sports Betting With Horse Racing

How will horse racing attract new customers when a new customer looks at sports betting and sees a fairly level wagering field with fixed odds with a small vig (takeout) and then looks at horse racing where the tracks themselves provide better information and easier ways to bet for a preferred class of customers, the  CAWs, the takeout is usurious and the CAWS get a rebate that’s pretty close to the vig in sports betting.

To quote Craig Bernick – Good luck.

There is always room for losers in the football business. They are the mother’s milk of gambling, and why not? Somebody has to do it, or there won’t be any winners.

Hunter S. Thompson

Phil has a question:

When will Alberta have sports betting terminals in every lounge that has VLTs.

When will the sports betting terminals in every lounge that has VLTs have horse racing available.

What does the Undertaker do besides gaze out his window.

Phil’s not archaic. Phil understands that most people in Alberta sports bars bet on their phone, tablet or laptop on a grey area site that pays nary a nickel of taxes to the province of Alberta.

According to Cummings’s research, in the past two decades, adjusting for inflation, total betting on US horseracing from the general public decreased 63 per cent. Betting from CAWs, meanwhile, increased 150 per cent. Cummings called Gulfstream Park, the track I went to with McKeever, “ground zero” for the computer groups. “Horseracing is not in a position to reject customers. Yet we have accepted and embraced these whales, with little to no consideration of the damage that they do if left unchecked,” Cummings told me. “It’s not a good thing to be losing Joe Q Horseplayer, and we’ve lost a lot of them.”

McKeever, for his part, sees himself on Joe Q Horseplayer’s side. His team of 13 full-time employees and contractors at EquinEdge wanted to do its own CAW wagering. But McKeever refused. “I am for the small guy, that’s what I’m pushing for,” he told me. “I give them every bit of information that I have, everything we develop, all of our technology. Everything I do is for the little guy. The big guy thinks he knows it already. It’s the little guy I want to take care of.”

Financial Times – Roeder – I used AI to bet on horse-racing. Here’s what happened

Phil has a question:

Are McKeever and the rest of the CAWs willing to give their rebates to the little guys.

How will horse racing attract new customers when a new customer looks at sports betting and sees a fairly level wagering field with fixed odds with a small vig (takeout) and then looks at horse racing where the tracks themselves provide better information and easier ways to bet for a preferred class of customers, the  CAWs, the takeout is usurious and the CAWS get a rebate that’s pretty close to the vig in sports betting.

Paulick Report – The Friday Show Presented By Icon Global: Merging Sports Betting With Horse Racing

To quote Craig Bernick – Good luck.

There is always room for losers in the football business. They are the mother’s milk of gambling, and why not? Somebody has to do it, or there won’t be any winners.

Hunter S. Thompson

Horse Racing Insider – Pricci – GIVEN REBATES AND COMPUTER-ASSISTED ARBITRAGEURS, PARIMUTUEL WAGERING IS A BAD BET

No business can change what it does not measure. Racing’s public measurement of support, via wagering, hides serious issues.

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.

Aldous Huxley


Phil M Stockmen

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