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Thoroughbred Times Reports Hollywood Handle Down 4.3 percent

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What concerns me is that the decision makers in California, faced with falling handle, have decided to INCREASE the takeout on certain bets. This makes absolutely no sense. And what's worse, they then attempted to spin it as being better for the bettor. Humbug, I say. Here's what the Thoroughbred Times reported today: 

The autumn Hollywood Park meeting saw a 4.3% drop in overall average daily handle to $7.8-million when it wrapped up 31 days of racing on Sunday.

The meet also saw a 2.1% decline in average daily on-track handle while average daily on-track attendance fell slightly, down 0.7% compared with last year. The meet lost some handle when track officials cancelled the final Sunday card, December 19, after two races because of excessive rain. For the rest of the article: http://www.thoroughbredtimes.com/national-news/2010/12/20/hollywood-park-handle-down.aspx

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

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