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Originally Posted by Horseplayersbet.com
Sanan makes some good points, but his plan would destroy the customer base even more because he is of the mindset that takeout isn't important.
He, like many other failed horse owners believe that if you increase purses by whatever means possible, horseplayers will flock to the product. He even talks about increasing takeout when that happens.
His model is already being used in Canada by Woodbine/HPI, and Woodbine still has one of the highest collective takeouts in North America (plus they have slots). Good field size, great purses and still they can't even match a track like Hawthorne Park in handle on most days.
Failure to recognize that the number one problem with horse racing and growth today is a product with a takeout close to twice what it should be to optimize things, is Sanan's biggest weakness, and he is one of many that should be ignored until he gets it.
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You hit on some good points that I don't disagree with, but what is the opinion of his belief that rebates are or could be an artificial form of lowering the takeout?
