Joel wrote:OK, Cangy. I have one last question for you. This will be my last question to you as you are starting to bore me with your scr ipted robot-like responses to the questions the good people here are asking.
You and the rest of your brethren have cited studies, shown numbers, told of "facts", etc.
You say there is an optimal takeout percentage that is lower than the current one.
One that is most advantageous for both horse players AND tracks to maximize their profits.
Then how come racetracks aren't busting down the door trying to implement this alleged "optimal" takeout rate, so their profits can be maximized?
1. Horsemen prevent it, because they, like you, believe that hard costs have something to do with gambling money that is lost by customers.
2. States in many jurisdictions create red tape.
3. Many execs just don't get it or willing to take "the risk."