Are you a HANA member

[Horseplayersbet.com]

Originally Posted by Lasix67

Has anyone listened to owner Satish Sanan on "At the Races with Steve Byk"? He is passionate about the business and in my opinion has some excellent points that also reflect much of what HANA supports. We need more people like this and organizations like HANA to make a difference in Our game not only for the present but especially for it's future.

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.

[Lasix67]

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.

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?

[Horseplayersbet.com]

Originally Posted by Lasix67

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?

He only wants to rebate big players. And he only says so grudgingly. I'm for a level playing field, though right now it is impossible with different laws in different jurisdictions.

Rebating only the bigger players doesn't help horse racing one iota.

[InsideThePylons-MW]

Originally Posted by Lasix67

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?

Rebates with Sanan in charge would be almost non-existant.

He wants to raise host fees to levels such as the ADW, rebate shop, bet taker, etc. only get appx. 3-5% of each bet so there would be nothing to rebate.

That coupled with his, takeout doesn't matter/raise takeout if the product is good, mentality would destroy wagering.

[jelly]

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.

Good points.


Sanan's a likeable guy but when i heard him say we need to raise the takeout I almost fell out of my chair.


Would like to see someone debate him on Steve Byks show!

[BUD]

What Has HANA Been Doin?

[PaceAdvantage]

http://blog.horseplayersassociation.org/