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In this technological age, why not reduce take out rates on all tote betting products for on course patrons. I refuse to be involved in any exotic betting with such criminal takeout rates. Tote betting barely cuts it. Maybe that would be an incentive to return to the track.
I notice on another thread here that Betfair will reduce commission from 8% to 6%. When Betfair first started, it was 5% and lower depending on your turnover. However, I will consider Betfair again as a 6% commission rate is acceptable.
Give punters an incentive to be on course if that resonates with the younger generation.
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And now I’m hungry!!
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Going to the races and seeing 14-16 runners nearly every race was commonplace. Opening Belmont Park meeting - Race 1 and 4 runners.
Field size over the last several years - very disappointing.
The number of pay 1-2 only races grown insurmountably. Don’t want to be going to the track with 7-9 runners most races. Might as well bet on a sports event.
Which talking of - maybe not in my lifetime - but sports betting will eventually dwarf horse racing. The % for the punter way more in his/her favour, there not total fools and eventually sports betting will dominate the landscape.
With some markets hovering around 130% and worse - and a non competitive tote that continued to increase take out rates ( never decrease ) over the decades it’s no surprise sports betting will appeal more and more.
The tote needs to be a National Pool with decreased takeout rate - and get the bread and butter punter back!
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