Bill Finley Calls Increased Takeout: Disaster At Santa Anita

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Bill Finley just was awarded the Eclipse Award for thoroughbred writing, and he's hit the nail on the head with this analysis. Enough is enough! From his article at

When Santa Anita opened Sunday, the numbers were not pretty. They bet $11,707,276 on the first day of the 2010-2011 meet, a 21.5 percent decline from the previous year and the lowest opening-day handle since 1992. Yet, there were some excuses — primarily a blizzard in the East Coast that shut down a lot of simulcasting outlets — enough excuses to conclude that the dismal handle figure was perhaps an aberration. The following day, $5,529,285 was bet on the Santa Anita card, but there was nothing to compare it to. There was not a comparable Monday, second-day-of-the-meet card in 2009.

But on the third day of the meet, there was a perfect apples-to-apples comparison, a Wednesday card in 2010 versus the same sort of Wednesday card a year earlier. The results were almost exactly the same as they were on opening day. Again, Santa Anita got slaughtered. They bet just $4,038,175, a $1,578,842 decline from 2009. That's a 28.1 percent drop off from a year earlier and less than Tampa Bay Downs handled on the same day.

There can be only one reason why Santa Anita has gotten off to such a wretched start — the takeout increase. It looks like horseplayers actually can be pushed too far. For the rest of the article:

Posted via email from Michael Pizzolla On ValueCapping™, Horse Racing, And Technology

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