Del Mar Online Racing Community
Chat about horses, racing, and the industry.
Why is the optimal rate good for gamblers? What if the optimal rate is higher than the ones
you posted? I'm inclined to agree with Andy C in that optimal rate may be good for tracks and state but what aboout gamblers?
It has to be good for all three. That's why it's optimal.
If we only had one track in the Country running at one time then the takeout could be drastically lower because of the volume.
Andy M wrote'If we only had one track in the Country running at one time then the takeout could be drastically lower because of the volume". The key word in that sentence is could be lower,but what reason would they have to lower it if people didn't start demanding it be lowered. i'm cynical,I don't think Frank would lower his end if he had the only game in town,do you? Monopolies usually increase the cost to consumers,even though I think Frank is moving the ball in the right direction. The solution to reduced costs to the gambler is going to be political with people getting involved because at the end of the day the nut you can turn is in the legislature with votes not so easy to change costs on the track side because they have the law in their favor. Keep in mind from the link i posted earlier that at one time the gamblers cost were only 10% of wich the state got 4 and the track 6 so whats changed that we can't aim for that cost bracket again?
Frank barely knows what Country he's in let alone what he's doing.
He's nuts. Period..........................
Most horse players are like addicted smokers. There might be an optimal price where you will sell the most cigarettes to the addicts but you probably won't entice too many non-smokers to buy.
Optimal pricing to a player would be where the pricing point compares favorably to an alternative.
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