Postby keyranch » Sat Sep 11, 2010 1:12 pm
I have never read this forum before, and may never again. Honestly, this stuff is not my cup of tea. But I’m putting in my two cents’ worth (probably more like a nickel) this one time. Our racing industry is trouble, and the TTA and THP are not helping.
The so-called negotiations between the so-called horsemen’s groups and the tracks are like bad scenes from high school. We have the kids who spend $30 on a T-shirt from Abercrombie and Fitch and think that makes them superior to those who wear a T shirt with the same look and quality bought at Wal Mart for $10. We have the cheerleaders who think they are more important than the team they are supposed to support. We have the kids who are afraid to stand up for themselves because either it’s not the popular thing to do, or they’re intimidated by that $30 T-shirt clique.
People – we are not in high school anymore!
Shortening the days at Lone Star to add $30k in purses will NOT put them on a pedestal, will NOT draw world-class horses, and will NOT generate additional handle. So what is to be gained from this? Nothing, except maybe a boost to Lone Star’s ego. What is to be lost from this? Racing opportunities and purse money that would be generated from those opportunities.
While I in no way mean to belittle Quarter Horse racing, or diminish its value to the industry, I would like to know how the THP and the TTA can justify precious little loss of racing days for Quarter Horses, while the more lucrative Thoroughbred opportunity gets butchered. Since the THP is apparently involved in the so-called negotiations, I have to assume that they are the drivers behind this disproportionate reduction in race dates, and are representing only the Quarter Horse aspect. We are in dire trouble if we are counting on the TTA to help out. In a Houston Chronicle article written a few days ago, when Dave Hooper was asked how much his organization participated in talks, he said "Not much." Thanks a lot, fella. Add to this the fact that only the Executive Committee of the TTA is in on the loop at all. The board of directors isn’t even allowed to know what is secretly going on there. Makes you feel real good about paying those dues, doesn’t it?
Lone Star Park is a vibrant and wonderful facility. With its cosmetic appeal and its advantageous demographics, it’s no surprise they generate a good live handle for their purse dollar. Lone Star’s 9.4% dip in live handle is in line with the 9.8% dip in national averages.
Their export signal took a nosedive this year, and Lone Star lays the blame on poor quality racing. Let’s see……
In 2009 and 2010, gamblers in Houston bet almost exactly the same amount of money on Lone Star and Monmouth combined. The difference is that in 2010, they bet 62% more on Monmouth’s “elite boutique meet”, and 25% less on Lone Star. Monmouth’s drain on export handle was felt everywhere. Stats on other tracks’ drops in handle elude to this, but the figures typically quote all source wagering which buffers it. Lone Star is the only track I know of that pointed out the drop in export and blamed it on poor quality racing.
The idea that cutting days to boost purses by $30,000 per day at Lone Star will noticeably increase handle is just plain dumb. Monmouth boosted its purses 140% - an increase of $370,000 per day to total $800,000 - to get an increase in handle of 113.04%. A chunk of that handle came from gamblers like the ones in Houston who chose to bet on the richest Thoroughbred meet in the world. Good for Monmouth? Sure. Good for the rest of the industry? Don’t think so.
If Lone Star would have switched to evening racing, they would have had little competition for their signal, and they most likely would have improved rather than declined. It works at Houston. If Lone Star would have lowered their takeout, their handle would have improved. It’s working for Retama. The Lone Star management is obviously not stupid, or they would never be as successful as they are. But face it – they are in a business to make money. Live racing is like selling gas at a convenience store. The store doesn’t make much on the gas, but they make a killing on the stuff they sell in the store. And Lone Star sells less stuff with evening racing than they do with day racing. So make a choice, Lone Star. Either make the adjustments that will help the handle, or quit bitching about it dropping.
I am proud to see that a lot of people who previously were silent have chosen to stand up for what they believe to be right. Those emails you sent did deliver a message. The fact that we are opposed to a reduction in race dates was emphasized, but was already a given. The message you delivered was that there are people out there who don’t care about hanging with the chosen few, and are not going to be intimidated by them.
I may be accused of preaching to the choir. But we all know that there are people watching this forum that are definitely not choir boys. I hope that we come through this with enough racing days to survive. That is my prayer. And we need all the prayers we can get because the devil is in our back yard, and he’s doing “not much”.
Sharon Kerby