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Because practically 90% of the money guess on racing is guess off-observe, the net takeout retained by a track that really stages racing tends to be decrease than the deal with retained by the ADW guess-takers, who pay solely a fraction of that takeout to the sending observe. For instance, CDI’s reside tracks reported only a net profit margin, or takeout, of 10.1% in 2016, whereas Twin Spires reported a margin of 18.four% on its deal with. If that is true throughout the business, then both (a) there’s room for substantial takeout reductions, since ADW margins are way too high, or (b) the tracks that actually put on racing ought to increase their charges to the simulcast outlets. Or both.
Seth, I hope it is a such a smashing success that you simply proceed to do it for at the very least 2 more years, at which time I will likely be achieved tutoring my hearing-impaired son in high school and I can apply! I applaud you on walking your speak and exhibiting us the qualities you speak about in your books and thru Squidoo. you just build the worth of your ebook to sell it to me so you may make a profit.
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