tag:blogger.com,1999:blog-6494042975644008281.post2880114729245232422..comments2023-12-29T00:13:15.712-05:00Comments on Thoroughbred Daily News Staff Blog: Time for A Hart to HartTDN Staff Bloghttp://www.blogger.com/profile/13843037843408911592noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6494042975644008281.post-88856111088113254872011-04-12T15:31:42.389-04:002011-04-12T15:31:42.389-04:00Ms Belifore wrote:
Gambling dollars come from di...Ms Belifore wrote: <br /><i> Gambling dollars come from discretionary income, and there just isn’t as much cash to toss around these days. </i><br />____________________________________________<br /><br />For a vast majority it is gambling and having a good time at the track. <br /><br />But horse racing is not just "gambling" but a game of skill. Undeniably racetracks are staying in business through the Pareto Principle. This rule stipulates 20% of the clientele wagers roughly 80% of the total handle on any given day.<br /><br />And those skillful bettors are aging, have passed on, or move to other games of betting skills. That is the area which must be addressed as it takes many years for newcomers to become as proficient in handicapping and wagering.<br /><br />Racetracks are not going to keep themselves in business if they plan to hawk $4 hot dogs and $8 bottles of Yuenglings (hmm... sounds like Monmouth Park). That's gouging and leaves a sour taste among those casual race-goers. So many of them will not return to be fleeced again.<br /><br />With the U.S. conducting roughly 45,000 (yes, forty-five thousand) thoroughbred races over the course of the year. I am most certainly welcoming this downsizing period. We'll all be better off after the dust settles - every facet of the industry. Let us brace ourselves for only a few more years.The_Knight_Skyhttps://www.blogger.com/profile/13497100877439699363noreply@blogger.com