Thursday, September 25, 2008
Takeout Keeps Rising Every Day
As a horseplayer, I’ve paid taxes all my life, beginning with my junior year in high school, then college and, finally, as a working professional. It’s called parimutuel takeout. I’m sure I’ve put thousands of children through school. I take pride in that.
Of course, none of this makes me qualified to be an economics wiz--you know, just like our elected friends inside the Beltway. But I’m going to comment on what’s happening these days, anyway.
I never thought I’d be rooting for a measure that, upon wakening some morning in the very near future, I’ll be out seven large.
But you’ve got to spend money to make money, right? But like Congress, both sides, right or wrong, who’ve been drilling the administration’s economic advisers, I want earmarks. Let the FBI figure out what and who went wring. Just give me my piece of the action.
When you go to a racetrack broke and a buddy puts you in action, you share your winnings with the lender. At least that’s what my first crew did, not every time, but often enough.
It’s about camaraderie, a sense that we’re in this battle together, us against the world. It makes both parties feel good about themselves, about being equals, about not being identified solely by the amount of money in your jeans, the kind of thinking that probably got us into this mess in the first place.
Does that, technically, make me a socialist?
New York City Mayor Michael Bloomberg, with no inclination or special knowledge of racing, by the way, had it right on a weekend talk show when he said it’s a great capitalist society when you‘re making money, but when the ship starts taking on water captains of industry morph into socialistas.
Eventually the pullers of strings will do what they have to and bailout Wall Street. Because like it or not what happens on Wall Street, pardon the expression, trickles down to Main Street.
Heard something on TV about the $700 billion: The fifth largest economy in the world could exist on it.
This whole thing of ours, America, and the rest of the world, needs a safety net. Without an infusion of confidence that real money brings, credit conditions will worsen, the economy could stop in its tracks, housing would collapse further, costing jobs, small-business creation, and it would cut all life-lines to Main Street. It‘s real, so do it.
So I‘ll roll the dice but I want a piece of the action. What, I can only share in the socialism portion of the program? Congress, both sides, can‘t fold, and can’t take on faith what this administration tells it. You only need master handicapping 101 to read those past performances.
I‘ll roll the dice because I have no choice. And if those loans turn out to be any good, give my kids a tax break against all this debt they‘ll be forced to carry. Give them something, anything. This crash will probably cost us some form of health care relief, if that were even real.
So, increase the value of distressed assets, or whatever it is you say you have to do. Keep the student loans and the auto loans and the rest of the economy going.
But don‘t cave on the rest. Show some guts and character in these tough times. Deep-bronze the parachutes. Regulate, Give us real transparency. Trust no one until they earn your trust.
But taxpayers deserve a piece of the action, too. That's the way we used to do it at the track. Besides, they’ve already paid the takeout.
Written by John Pricci
Saturday, September 20, 2008
MassCap Weekend Jump-starts Breeders’ Cup Season
Saratoga Springs, NY, September 19,2008--With only five weeks remaining until the silver anniversary of the Breeders’ Cup at Santa Anita Park, next Saturday looms very large throughout the country.
With the Jockey Club Gold Cup as the centerpiece of a program that includes no fewer than five Grade 1 events, Belmont Park will provide championship credentials for horses competing in nearly every division.
Meanwhile, not to be outdone, Breeders’ Cup host track Santa Anita, topped by the Goodwood Breeders’ Cup Stakes, will offer six opportunities for horses to earn a Grade 1 title, not to mention an all important race over the synthetic track which never before has been used for racing, only training.
Santa Anita opens its Oak Tree meet Wednesday.
Finally, the Midwest will be in Breeders’ Cup mode, too, as Turfway Park presents its annual Kentucky Cup program, offering five prep opportunities for Cup aspirants. In addition to the G2 Kentucky Cup Classic at nine furlongs, there are three other graded races, all Grade 3.
But of greater significance could be the chance that Turfway provides Cup runners to prep on synthetic footing. That point could be moot as not all synthetics are created equal. There are four different brands of synthetics, each having its own unique properties, and there even can be a variance, say, from one Polytrack surface to another, given the different atmospherics involved.
But this Saturday is no lost weekend. In Boston, Suffolk Downs is offering the Massachusetts Handicap, a.k.a. the Mass Cap, and it features this year’s Whitney winner, the speedy seven year old gelding Commentator, who appears not to have lost any of his zeal or ability to race at an extremely high level.
Commentator will try to add his name to the roster of Mass Cap winners that includes the legendary Seabiscuit and Cigar, soon to be the second leading earner in thoroughbred history if indeed Curlin has anything to same about it next week in New York.
He’s 3-5 in the early line to get it done and those odds are justified if Equiform performance figures are any measure. There is plenty of speed to spare if he regresses from his Whitney exertions, which came over a track he clearly loves, the site of both career G1s. But given the way he is training and the eight weeks between starts, it won’t be condition that gets him beat.
For those looking to take a shot against the odds on choice, the best chances appear to be Cuba, who earned a new pace top in his latest at Monmouth Park; the oft-interrupted Dr. Pleasure, on the comeback trail and shipping in sharp for John Ward who has pointed his charge carefully toward this, and Riversrunrylee, the best of the locals who earned an excellent figure with his win over the track in June.
Dr. Pleasure, third in last year’s renewal, is the 7-2 second choice. The Mass Cap winner will earn an automatic berth into the Breeders’ Cup Classic.
The three-year-old division will be in action as well, and that includes males and females. At Louisiana Downs, Jim Dandy winner Macho Again is the 5-2 early line favorite over nine rivals in the half-million dollar G2 at nine furlongs. Ward again will saddle an early line second choice in a major race when he tightens the girth on Forest Command, an impressive Saratoga winner last time out.
The Super Derby is one of six added money in Bossier City today, a 13-race program that includes an all-stakes Pick 4 with a $100,000 guaranteed pool. But the focus will be on Dallas Stewart’s colt, lucky not to fall when he clipped heels in the midst of a between-horses rally in Colonel John’s Travers Stakes. The recently resuscitated Kent Desormeaux replaces Julien Leparoux.
At Philadelphia Park, Alabama winner Proud Spell will be an overwhelming favorite to win the G2 slots-infused $750,000 Fitz Dixon Cotillion Stakes over six rivals. Recently placed in consideration to meet her elders for the first time in the Breeders’ Cup Ladies Classic.
By the Light, a six-time winner in seven career starts, appears her stiffest rival. Whether she runs on October 24 will depend on how she comes out of this race, said her trainer Larry Jones, who’s been working his filly over the synthetic surface at the Fair Hill training facility in preparation for a possible go in the Distaff, er, Ladies Classic.
Written by John Pricci
Friday, September 19, 2008
European “Derby Challenge” Good Idea but Earnings Rule Still Needs Reform
Saratoga Springs, NY, September 18, 2008--On September 17, Churchill Downs announced plans to stage a Kentucky Derby prep race at Kempton Park in Great Britain. The inaugural race, the Kentucky Derby Challenge Stakes, is scheduled for March 18, 2009 with the idea of increasing European participation via a “win and you’re in” format that guarantees the victor a spot in the Churchill Downs starting gate on the first Saturday in May.
Big Brown’s Kentucky Derby was the sixth consecutive year that the Derby failed to draw a foreign participant. In 2002 there were three; two from the powerful Aidan O’Brien string, the other a Dubai-based entrant. The freaky Venezuelan Canonero II, in 1971, was the first and only horse to ship from a foreign country to win America’s most celebrated race.
Should the winner of the KDCS decide to accept the challenge, his automatic entrance means that the routinely over-subscribed 20-horse field would have room for only 19 American-based starters. While on the surface this might seem unfair, in terms of a single automatic berth, it’s not like every entrant in these 20-horse renewals truly belong.
Unless, of course, you take the view that America is still the land of opportunity and anyone who “earns” his way in deserves to run, even if he or she doesn‘t race here.
I don’t have a problem with the concept. With the burgeoning popularity of international racing and, hopefully, with our future medication rules becoming more stringent, foreign participation adds another level of interest from both a sporting and wagering perspective. The more money in the pool, the merrier for everyone, host track and horseplayer alike. Simulcasting the KDCS into the United States probably would prove a popular parimutuel event as well.
By staging a race in Europe guaranteeing the winner entrance into the Derby, it would be the one race that European horsemen can point toward to get some line on their horse’s non-turf form. The date insures enough time for the winner to come to America for his final prep, if his connections so choose. There’s a $100,000 bonus to the owner to insure participation and help defray costs.
While this is a step in the right direction to improve the quality of Derby competition, it doesn‘t go far enough. The American earnings rule remains flawed and needs to be changed.
Participation in the Derby that depends on earnings as a measure doesn’t insure that the best 19 American three-year-olds available will compete in the Churchill feature on May’s first Saturday. Do we need yet another year of watching the winner of the million-dollar ungraded Delta Jackpot get his head handed to him in Louisville? Indeed, has a Delta Jackpot winner ever won anything important after he turns three?
Last year, there were several well conceived suggestions in print and online on how the Derby qualification process could be dramatically improved via the use of a weighted point system based on finishing positions in traditional graded Derby prep races at distances of a mile or more. The Grade 1 Champagne yes; the Grade 1 Hopeful no, for example.
Earnings, especially in the era of created ersatz stakes with inflated purses, many fueled by slots dollars, is not a criterion for quality. Success in the sport’s tradition rich events, where prestige matters at least as much as the size of the purse, should be more valued. At the sport‘s highest levels, there should be some quality assurance measures in place based on performance, not the size of one’s bankroll.
In trying to insure that the Kentucky Derby attracts the best available three-year-olds, the KDCS is an interesting step forward. It should take a very good horse to win it, just like it takes a very good horse to win the Florida Derby and Santa Anita Derby, the Wood Memorial and Blue Grass, just to name a few important sophomore fixtures.
Hasn’t the time come for the races comprising what’s traditionally referred to as the Road to the Kentucky Derby, those races that produce a preponderance of Derby winners, become overtly recognized as such, possibly including their own “win and you’re in” designations? And shouldn’t the runners-up earn credit, too, in the form of point values weighted according to grade, for being competitive while racing at the sport’s highest levels?
Written by John Pricci