Bloodhorse – Byron King – Del Mar to Close Win Pool to CAW at Two Minutes to Post
Bloodhorse – Byron King – Balance Between CAW, Retail Market Sought in California
“Retail players are losing the money that caw is winning, which in the long run is unsustainable. Whether it’s by having some pools restricted to retail [players], or by lowering the edge CAWs have in existing pools by cutting down rebates or by shutting them out of the pools at two or three minutes to post time, you have to reduce their play, but you don’t necessarily have to eliminate their play,” said Brown, pointing out how even under restrictions, some caw teams will still be able to show a profit.
“Instead of a 5% advantage on the game,” he said, “they might have a 2% advantage.”
Phil has a question:
How will fat fucking Don the Con’s gambling losses deductibility reduction affect the CAWs.
NTRA Concerned About Tax Change On Gambling Losses
But the long-term picture is completely different, and it’s not pretty. As the computer players continue to drive the everyday bettors out of the sport, the CAWs will be betting into smaller pools and losing a lot of their edge. They depend on the minnows and when the minnows are gone, there will be nothing left for them to feed on.
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It’s not that Maloney is saying anything that hasn’t been said before, but he is a living, breathing example of the type of player the sport is losing and can ill afford to lose. The CAW players and the tracks in bed with them are making a lot of money, but at the end of the day, they are jeopardizing racing’s future. This is a gambling game that has all but lost Mike Maloney, and that’s a pretty scary thing.
TDN – Bill Finley – Why Racing Is Losing One Of Its Best Customers
Bloodhorse – Byron King – Balance Between CAW, Retail Market Sought in California
Phil M. Stockmen
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