OCEANPORT, NY, June 15, 2010--Bob Kulina has read and heard the naysayers, but don’t think for a moment that it will deter him from following through with the game plan: “You’re in a much better position to ask for cooperation and help if people think they’re backing a winner.”
The model that the Jersey Shore track has fashioned for this year, loosely referred to as “The Fifty Million in Fifty Days” to date has been a huge winner. It’s become clear that he and Dennis Drazin thought their plan through and they success they’ve had thus far might be only the beginning.
Kulina, vice president and general manager of Monmouth Park, is a racetrack lifer. Drazin, a.k.a. “New Jersey SuperLawyer,” is chairman of the NJ Racing Commission and former president of the New Jersey Thoroughbred Horsemen’s Association. And they‘re seeing the fruits of a three-year labor of love for horse racing pay off in a big way.
“So far the numbers have been crazy good and I have a feeling we’re going to finish as strongly as we started,” said Kulina in his Monmouth Park office before Saturday’s first race. “I’ve been married 38 years and my wife sometimes thinks that I’m a pessimist. When it comes to racing I’m a romantic optimist.”
With Drazin’s input and two years of tirelessly working the phones, the starts and stops too many to measure, the team that would save New Jersey racing has proven dynamic and visionary. Kulina’s optimism and energy is unusual, refreshing when compared to many racetrack executives who’d rather play it safe and lowball expectations than roll the dice.
These are desperate times for New Jersey racing and Monmouth Park management has stepped up its game to meet the challenge. And, yes, to date the numbers have been “crazy good.” In the weeks after opening weekend, when attendance figured to level off, the gate is still up 20.72 percent over 2009 comparable dates.
Thanks to an unusual run of good weather and with time progressing toward traditional vacation periods, on-track handle has grown since opening weekend despite the small attendance decrease, betting up to 53.2 percent from the 51.8 percent logged during the meet’s first five days.
While the increase in simulcasting has slipped marginally, it remains at an other worldly 128.87 percent. “We had hoped that by racing three days a week and boosting purses, we would increase everything, handle and attendance, by 20%,” reiterated Kulina. “Despite some roadblocks the end result has been very successful.”
Those figures do not reflect an estimated $2.5 million in lost handle when a glitch at the simulcast wagering hub in Mt. Laurel shut down wagering on the sixth race at Monmouth Park and during the run-up to the Belmont Stakes. The lack of state-of-the-art wagering software continues to be a national issue.
The son of a trainer, Kulina for many years was a racing official at New Jersey Sports and Exposition Authority tracks. “As a former racing secretary, I wasn’t pleased with the racing we were offering. Nobody wanted it. I knew we had to do a better job with our product.
“Rather than put $20 million into a marketing budget we decided to put the last year of our supplement into purses. The idea has been well received by horsemen and we couldn’t afford to pay for the kind of positive publicity we’ve gotten from the media. The purse money served as our advertising dollars.”
Of course, Kulina realizes that showing a profit at the end of the experimental period that concludes after the former Meadowlands thoroughbred dates are run in late September doesn’t scan.
“We thought a 20 percent increase in attendance and handle would offset our losses to the point where we could go to the state with proof that racing is still viable industry and worth funding in the future. Governor Christie is a pragmatist and we could lower purses in the future if necessary,” Kulina explained.
Unlike many of his peers, Kulina has remained optimistic about thoroughbred racing’s future. “We see Monmouth Park as the best way to market the sport and create new fans. We need to make it like it was back in the day when we had a monopoly on wagering.
“Off site, the distribution arm will help grow the business. We have a simulcast venue in Woodbridge that’s been very successful. By statute we can build eight more. We’re hoping to grow our phone betting at our South Jersey hub and with Freehold we own 70 percent of an [in-state] Internet wagering platform.”
It’s no secret that Monmouth’s raised profile, much improved product, and field size that has increased to average approximately nine horses per race, has had a negative impact on racing in New York, where recent cards haven’t been up to Belmont Park’s customary high standards.
Kulina doesn’t see this as a long term problem, even if NYRA has refused to allow wagering on Monmouth’s extremely popular 50-Cent Pick Five with 15 percent takeout. “Charlie [NYRA president Hayward] and Hal [vice-president Handel] were here [Friday]. They talked about it,” was all that Kulina would volunteer.
“Our focus is on racing and we’re both interested in offering the best product possible,” Kulina said. “The sharing of inventory has changed because of simulcasting. If this model works, we can do a better job scheduling our races.
“People have said we’re going to hurt Saratoga. I think our racing can help Saratoga. Saratoga’s the best race meet in the country. By bringing better horses here from the south and west, we think we can help the East Coast region.
“We’re trying to coordinate our post times. Our mutuels people have been in communication with their mutuels people and we’re doing a pretty good job trying to avoid each other. It’s not as easy as it sounds.”
So, then, what about the European method, the 12:50 from Monmouth, the 1:00 from Belmont, etc., etc.?
“It’s tough on big days when tracks can attract a lot of people, betting lines get long. But we love the idea of branding post times,” agreeing that horseplayers would adapt to unscheduled delays.
What about more fractional wagering, combined with the creation of new wagers and lowering the takeout?
“Takeout is a difficult issue politically. We’ve offered the Pick Five for two years and we handled $20,000, $30,000, a nice little bet. This year it’s about $200,000 every day and when no one hit it the carryover [pool] the next day was over $800,000.
“The bet is so challenging and the value it offers got everybody energized. We’ve focused on it and have seen a huge shift in handle back to our building. They’re playing those five races [individually], too. There won’t be any new fractional bets this meet but we’re definitely looking at it in the future.”
Monmouth Park management is looking back to the future as well. “Churchill had success with its ‘Dressed To Kill’ night. We’d like to see women all dressed up because the men would dress up, too. A better [appearance] brings more energy, more entertainment.
“Going to three days helped that. Getting world class riders like Garrett Gomez and Johnny Velazquez helped, too. We’re selling bets and entertainment. We’ve just got to make it more special.”
17 Jun 2010 at 02:22 am | #
Mr. Pricci: It has to be your wife who balances the check book, as you obviously have no awareness about operating a business profitably.
But, you are not alone, as just about all racetrack executives and turf writers measure a racetracks success by increases in attendance and handle, while totally disregarding the fact that their racetrack is losing money.
17 Jun 2010 at 03:35 am | #
“‘We thought a 20 percent increase in attendance and handle would offset our losses to the point where we could go to the state with proof that racing is still viable industry and worth funding in the future. Governor Christie is a pragmatist and we could lower purses in the future if necessary,’ Kulina explained.”
17 Jun 2010 at 03:42 am | #
A good article by Mr. Pricci. I think Monmoouth Park management knows how blessed they are to have all of their grass races run on their intended surface. And three more solid sunny days loom this weekend.
I was curious as to why Mr. Hayward and Mr. Handel would make an appearance at Monmouth Park. It would have been amusing to be a fly on the wall that day.
It is great that Monmouth Park is doing what is right for them in order to save high quality racing in the state. The NYRA on the other hand continues to use turf racing as a crutch to carry their race cards.
At Belmont Park last Friday, Saturday, Sunday’s racing consisted of 55% turf racing. On the dirt the racing office could only muster up 85 horses for 13 races on the main oval for a field size of 6.53 horses .
There could be problems at Saratoga if they insist on running 6 days a week with numerous NY-breds and turf sprints. While NJ has adapted to the times the NYRA continues with a “wait and see” approach. A pro-active approach at this point would serve them well.
By the way, the 50 cent Pick 4 and Pick 5 at Monmouth Park are set at a 15% takeout rate.
And the NYRA tri - super - Pick 3 - Pick 4 - Pick 6 are set at 26% takeout rates. The choice is there for discerning horse players.
17 Jun 2010 at 03:47 am | #
It is clear that the radical departure from “Business as Usual” is wildly successful. I understand that NYRA is saddled with bith the dysfunctionality of both Albany and the NYCOTB anchor...BUT...I have one question...There is no doubt that the 50 cent Pick-five is a huge success...How is it that Nassau OTB takes the wager in 50 cent increments where NYRA takes the wager in $1.00 increments only and as far as the 50 cent wager “Is talking about it”....To me, this is just another example of NO VISION by NYRA. It is the same mentality of the 10 cent superfecta...the ‘super’ handle skyrocketed when they accepted the 10 cent wager...why not accept the 50 cent??? The software change to do this would be minimal and, to my understanding they would not nees to get approval from the NYS Wagering commission (they already take the bet @ $1)....Again...NO VISION...Comments??
John
17 Jun 2010 at 04:04 am | #
Sky,
This game has been in need of fresh, outside the box thinking for some time. That’s where Monmouth deserves credit and everyone’s best wishes. Of course, the motivation was keeping thoroughbred racing viable in their state--a worthy goal.
John,
Not sure many better would object to 55% turf racing over a weekend. The All Turf Pick 4 proved popular at Gulfstream this winter so there may be some emulation of that idea in carding those races. And they had to do something to compete with Monmouth for simulcast dollars.
As far as NO 50-Cent P5 wagers, it had to be strictly a business decision. If you were a fan of the verticals would you, as you pointed out, play the 50-Cent P5 at 15% or P4 at 26%. I think the answer seems obvious. And apparently NYRA thinks so, too. But, as Kulina said, “[lowering] takeout is a difficult issue politically.” Exactly because the concept of churn--less take grows handle over the long term--is misunderstood by politicians who refuse to think beyond 4 years, or thereabouts.
Thanks for the comments.
JP
17 Jun 2010 at 04:16 am | #
Mr. Pricci explains:
Exactly because the concept of churn--less take grows handle over the long term--is misunderstood by politicians who refuse to think beyond 4 years, or thereabouts.
Well Mr. Kulina should use “profits” at the end of the Elite Summer Meet and hire an adept mathematician, teacher and preacher to convey to Trenton how better off everyone would be to reduce each pools to 15% or lower.
If Monmouth Park lowers purses next year there should be the vastly lowered takeout rates in wagering pools other than the Pick 4 and Pick 5 to entice the nation’s horseplayers.
That I believe would be a fair trade-off and would help keep the positive waves in 2011. It is time to address the issue on that end.
17 Jun 2010 at 05:22 am | #
John:
Agree that it had to be a business decision and also agree that the politicians have no clue regarding take-out...BUT we are talking about the President and VP of NYRA...I understand the differences between the P-4 amd P-5 takeouts...BUT as a result of NYRA not taking the 50 cent wager I find myself having to use the Nassaau OTB account (leaving the $300 in so no penalty) and using if FAR more often that the NYRA One account...I’m not the only one. I wonder if these ‘racing executives’ (and I use this term very loosely) have even thought of that?? I am SURE that their ‘cut’ is far larger if one wagers on the platform than what they get from Nassau OTB (correct me if I’m wrong but I believe that NYRA gets only 3.5% of what is wagered fin Nassau/Suffolk OTB vs. the 15% takeout minus what they still pay Monmouth for the right to take the wager. And I personally know large wagerers (>2-4k/day)who live in Long Island who are now wagering with Nassau OTB for EXACTLY the same reason!
IMO both the Pres. and VP of NYRA do not realize even the basics of what Monmouth is doing and how their basic lack of vision is damaging NYRA in ways they haven’t remotely though of!
17 Jun 2010 at 06:10 am | #
“We thought a 20 percent increase in attendance and handle would offset our losses to the point where we could go to the state with proof that racing is still viable industry and worth funding in the future. Governor Christie is a pragmatist and we could lower purses in the future if necessary”
Yes I know JRP re-highlighted this, but it bears repeating. This is the most important statement Kulina made in the interview. It highlights why he, Drazin, et.al. decided to make these changes. There is a lot of talk “racing is dying (is dead) and will never come back”, etc. Kulina and Co are out to counter this argument by putting a higher quality product out there when people can access it to prove that racing is viable if packaged properly. The Experiment isn’t about being profitable in 2010. It is about showing the state powers including the AC henchmen that racing can and should continue, and that the state should continue to invest in the industry.
And I agree w/Kulina- The Experiment could help Saratoga, although there is a decent amount of NY horses that one would expect to continue running in NY that are running at Monmouth (Sackatoga Stable, for example, has a NY-bred running in a turf claimer on Friday). Philly will close in August and there is a deep pool of horses all around the east coast. I think August will be a great racing month.
17 Jun 2010 at 06:20 am | #
al hattab -
Even if Philly Park horses are planning to migrate to the Adirondacks in August the numbers below will not help Saratoga retain the quality of racing that it is famous for.
By racing six days a week, tacking on more days,
and borrowing stakes races from Belmont Park, apparently the Saratoga racing program has bitten off more than it can chew.
A commenter at my blog posted some numbers for the current Belmont Park racing.
WEDS 6/9-9 races-5 for NY Breds
THURS 6/10 9 races-3 NY Breds
FRI 6/11-9--------2 NY Breds
Sat 6/12 10--------3 NY Breds
Sunday 6/13 10------5 Statebreds!!!
47 races written--18 restricted to NY Breds
That means almost 40% of the races run this week at Belmont Park were restricted to NY Breds only!!!
17 Jun 2010 at 07:08 am | #
Kudos to Monmouth for their creative and gutsy move to try soemthing different. The ripple effect of their changes is only beginning. I think NYRA and the NY State Govmnt is finally going to have to get behind racing in NY and fix it creatively. If they don’t, well the betting public and horsemen are going to continue their migration to Monmouth.
17 Jun 2010 at 07:17 am | #
One more thing Monmouth.Get the Pick 4 and 5 takeout down to 10%.
Be the first,don’t let some other track beat you to It.
17 Jun 2010 at 07:24 am | #
Sky,
Believe it or not, racing interests have tried to explain the concept of churn to the pols but, as stated, they can’t think beyoond four years and in New York, for instance, New York City-OTB’s only solution to their inefficiencies is to go to Albany and demand the takeout be raised! It was that kind of thinkig that has now made them a ward of the state.
Point two: I’m a fan of the New York-bred program b ut agree that state-bred races lower the quality of what is supposed to be “world class” racing at the NYRA operated tracks. Further, because of the statebred’s success, everyone with a broodmare in his garage has gotten into the breeding business. Now, economics are driving them out. In a few years you won’t be able to card the 18 restricted races from a 47-race sample. Tangentially, we’re touching on this in tomorrow’s Morning Line blog.
Al, that’s exactly the point, you get it, writing and reiterating, “There is a lot of talk “racing is dying (is dead) and will never come back”, etc. Kulina and Co are out to counter this argument by putting a higher quality product out there when people can access it to prove that racing is viable if packaged properly. The Experiment isn’t about being profitable in 2010. It is about showing the state powers including the AC henchmen that racing can and should continue, and that the state should continue to invest in the industry.”
(However, if Wendell weighs in on this one, save the ink: Too many years spent at the bottom line).
Good dialoguing, gents!
17 Jun 2010 at 07:50 am | #
When I read that Monmouth was doing its Million Dollar Meet I was so pumped that I cancelled Saratoga plans to go to the Shore. It’s been my favorite track for years but the racing the past decade or so really suffered. I’ve played a few races at my local Catskill OTB parlor and the great thing is with the races with full fields you don’t have to wager a lot to make money. Can’t wait for July 9, the first of my three planned trips to Monmouth this summer. Let’s hope the weather remains good. I figured if they could catch a break from Mother Nature and limit wet tracks and off the turf races to 1-2 days a month it would be a success. So far, so good.
17 Jun 2010 at 08:04 am | #
The key question is this: Does the percentage of the handle that goes to purses cover the current purse structure? Yes or no.
17 Jun 2010 at 08:28 am | #
John,
Some politicians have understood the concept of “churn” - John Kennedy, Ronald Reagan..even George W. Bush. In the wider world it’s known as supply-side economocs, ie… lower marginal tax rates lead to increased economic activity and hence, the production of greater revenue. New Jersey is now governed by one of those politicians. Bob Kulina and Dennis Drazin should be cognizant of that fact and be as bold next year in seeking a takeout reduction as they were this year in paring the racing dates.
17 Jun 2010 at 09:01 am | #
J.B.
No, so there’s no big picture issue for you, no recognition that without this experiement there likely would have been no Monmouth racing in 2011, and that the status quo vis a vix how other tracks conduct there business is just fine with you?
Kyle, so then you don’t believe that if they could, they would? Have you dealt with the political process in your line of work? Agreed that Mr. Kulina and Drazin should try to drive the takeout issue home next year. But Monmouth did try SOMETHING. What have other entities done lately to right their respective ships?
Thanks all.
17 Jun 2010 at 10:04 am | #
The “ripple effect” one wager with low takeouts can have on other wagering pools by the statement made here:
They’re playing those five races [individually], too. There won’t be any new fractional bets this meet but we’re definitely looking at it in the future.”
The Pick 4 and Pick 5 are the two pools that are set at 15%. The other pools are higher. Imagine the growth if the currently existing pools were priced in similar fashion.
But let us not forget. Monmouth Park is mixing quality racing with full fields, nationally familiar horsemen and good weather this summer.
Other tracks may or may not be in a position to offer this kind of a racing meet. Their results will be unique to them.
17 Jun 2010 at 10:06 am | #
John,
If you read criticism in my remarks there was none. I think what NJ did was fantastic and I only hope it acts as the impetus for industry wide change. I was just nudging them to take the next step. The situation is ripe there. While other jurisdictions remain in denial and under the thumps of ignorant politicians and bureaucrats, New Jersey has had its near-death experience and apparently seen the light. They have that freedom that’s “just another word for nothing left to lose.” And they have the political climate to take advantage of it.
I love racing, but more importantly I believe in it. I believe when it’s presented right it flourishes - Big fields, a certain quality, a pleasant, hospitable atmosphere. Those are the requisite aestetchics. But for the game to really take off it needs to be priced right. Currently, that’s not the case, anywhere, other than a couple limited exceptions like the Monmouth Pick 5.
17 Jun 2010 at 10:36 am | #
I’m in NYC every two months....I’m a degenerite race tracker. To my surprise there isn’t any boat, water taxi or launch from Manhattan and/or Brooklyn to Monmouth ,as there was years ago. There is a perfectly nice pier at the end of Bay Ridge Avenue in Brooklyn . The location is perfect to jump on a launch to the Jersey shore.This would surely attract a number of race trackers to Monmouth who abhor the drive and/or the laborous subway/train necessary to get there.
Why Not ?
17 Jun 2010 at 11:49 am | #
I dunno, but I have come to the conclusion that all of the above commentators don’t even know what the word ‘bottom line’ means. I dunno, but I guess as long as the New Jersey casinos give the NYSEA $90 million a year, and the state kicks in another $30 million per year racing will continue at Monmouth.
May I ask a question to the above commentators: Why do you go to the racetrack, OTB, racino, or racebook? To watch the horses, or to try to make money? If it is to make money, then please answer the following questions: a) What is a quality race? b) Is a stake race easier to pick the winner than a claiming race? c) Just how is a stake race more exciting, more challenging, and more apt to be rewarding financially than a lowly claiming race at, say, Finger Lakes?, d) Just what do you notice as the difference between a lowly claiming race and a stake race?
I have said it numerous times at this website, and I will say it, yet again: Turf writers have contributed tremendously to the decline of racing by continuing to make a distinction between stake races, racetracks, and the so-called ‘quality’ of racing; thus, they have convinced the public that only a few racetracks are worth following - total crap!
Monmouth’s shortened meet, with extravagant purses, is financial suicide. Jockeys and trainers are shipping elsewhere from Monday through Thursday to merely survive financially.
Why no turf writer doesn’t possess the ‘balls’ to call Monmouth for their stupidity leaves me flummoxed.
So, what is the solution? Lower the purses dramatically, turf writers start treating all racetracks as equal, and start promoting racing as an alternative to casino gambling.
“Play it again Same”: It’s all about gambling, about cashing tickets .....
17 Jun 2010 at 11:50 am | #
Bill – There used to be a fantastic way to get to MP from Manhattan & Brooklyn.
There was a first-class high-speed ferry, whose main business was weekday Wall Street commuters from the Rumson area who were sick unto death of the then-filthy NJ Transit cattle cars (the same reason why getting to MP via NJT was a travesty).
The ferry company then made additional money on weekends running boats to & from MP, in a cooperative joint effort with the race track officials - who stocked the buses with racing programs & discount coupons & who actually cared that the customers would have a reliable way of getting to the track, & in the process, be treated well.
Man, did we enjoy getting on that boat, with the radiant spring & summer weather & the panoramic view of NY Harbor & out to sea – it was positively enthralling. Rarely was the boat less than filled to the brim with race- & beach-goers, & the vibes were perfect.
It tacked on an additional two hours to the trip to the track & on the return home. Connecting cab service in Manhattan ran up the tab even further. It was money all well & gratefully spent.
Then two things happened, in the mid-1990s. One, the older, individual racing customers – veterans of WWII, etc. - started dying off. Oddly, at the same time, the rambunctious parties of firemen & other free-spirited fraternal groups that went to the track – mainly men & their wives & girlfriends in the prime of their lives - gradually started fading away.
Two, & this was the killer, the Academy Bus line service between the Atlantic Highlands pier & the track - which the track had nothing to do with & couldn’t control, & whom I personally detested due to their expensive, shoddy weekday service when I was commuting to work in Manhattan - spiraled right into hell.
The pathetic end to this now-lost traveling paradise came one day one year in early May when the tourist season hadn’t started yet & the pier area was a ghost town on weekends.
My wife, I, & @ 50-75 other people were stranded one Saturday when the buses finally flat-out didn’t show up (on earlier trips, the handwriting was already on the wall when they started arriving 20-30 minutes after the boat had pulled into the dock; same for the evening return, which meant you missed the boat & had to wait an hour for the next one).
We ended up having to walk a quarter-mile or more to a restaurant down the road in the quest to find a phone so we could call a cab. Naturally, the restaurant was closed & we didn’t have any quarters for the dilapidated pay-phone on the outside wall of the restaurant. Only the pity of two commercial fishermen on a wharf nearby bailed us out.
Up rolled, eventually, an area cab - which is when the issue was settled, that the most dilapidated cars in the Western Hemisphere were not in Castro’s Cuba. To boot, he picked up two more people, one of whom was the size of a house.
The five of us in what was probably a war-surplus Ford Pinto (“fits two comfortably, maybe, & you get 35 mph, highway,” warbled Dinah Shore) then wobbled to the track, in time for the 3rd or the 4th race.
And that was the end of the ferry service to & from Monmouth.
17 Jun 2010 at 12:00 pm | #
1. this is clearly a money grab situation that kulina and that punk drazin, who backed corzine and he did nothing for horse racing in NJ in his 4 awful years, learned from the wall street crowd…
they are just infalting revenue numbers (handle/attendance) to give the impression all is well and heading in upward direction while all the losses are hidden elsewhere until the next bagholder (the governor/taxpayers) comes along and is left holding the bag....
2. we are 4 weeks in and NOT ONE DAY with a million dollars in purses ..... this should be investigated by the FCC for false advertising
3. why after 9 years of begging the voters to ok OTB in NJ, do the thiefs at the NJSEA have a grand total of 1 OTBS built when they are sitting on 8 others that could be opened up to private business and add another tax revenue source of license fees and takeout for the taxpayers
4. its a nice move going to 3 days, but like anything else if it turns out to be a brilliant move, than all the others will copy and monmouth goes back to where they stated only with 2 days less of racing
17 Jun 2010 at 01:20 pm | #
Mr. Corrow,
I’ll answer your questions. Mostly I play from home. But when I go to the track I go for atmosphere - to be among friends, to be among the crowd, for the fun of it and for the spectacle. There are two types of quality races, one defined by the quality of horses the other by the betting opportunities. The latter is a matter of individual preference. I generally prefer higher qualtity races and grass races, not because of the race’s aestethic but because of the handicapping experience. I’m a figure, pace and trip guy and they fit my style best. Of course you can make money on any good opinion. And if your advantage is found in the claiming ranks, or you’re equally adept throughout racing’s various levels, good for you. My advantage is at the higher echelons. And as for your repeated assertion that there is no discernable objective difference between Zippy’s Chippy and Secretariat in motion, well, that’s ridiculous of course. As the levels become less disparate your point becomes more valid, but not completely so. Obviously, there are those who can make subtle distinctions. Trainers do it all the time. And so do good race watchers.
17 Jun 2010 at 01:56 pm | #
Good for you, Kyle, could not have said it better re: the different kind of races.
I only know that in my daily FRA, I take the feature race at the featured track. Clearly, I find better horse more predictable, even if the fields are more competitive by definition.
Don, loved the Mth. ferry. Sadly only once. My bad. I was young and thought I knew it all. As John Wooden said, “it’s what you know after you know everything that counts.”
Horse, I feel there’s an agenda other than the one written about that’s at work in your comment. I reserve the right to be wrong, of course.
Thanks all.
JP
17 Jun 2010 at 02:03 pm | #
Kyle: I assume, then, that you are in the ‘game’ to make money. Your going to the racetrack for atmosphere is the right reason. Nothing like being there in person; but, if the public were not influenced by turf writers’ commentary that place racing at Belmont, Santa Anita, Churchill, etc., superior to other racetracks wouldn’t the atmosphere be virtually identical?
For decades I have not been able to differentiate between a claiming race and a stake race; sure, the stake race will probably be run faster, but neither you or I can note any difference unless we are informed by an electronic timer, and either or both races could be exciting, have a close finish, or be exactly the opposite. So, why the emphasis on the stake race (with a purse that is unsupportable by handle and signal fees and the reason many of the top tier racetracks are reliant on slot revenue or casino dole)?
The public has been mislead by turf writers, who make certain thoroughbreds into icons, along with a handful of trainers.
I have repeatedly asked every commentator at this website to go to the replays at any racetrack and compare them to so-called top tier racetracks and tell me just what is the difference - there simply is no difference.
Thoroughbred racing offers the best gambling on the planet, but turf writers’ narrow vision, excessive purses, racetrack managements total disregard to operate profitably, and the failure to promote racing for what it is has put the future of racing in a precarious position.
I hold to the opinion that you would have the same experience, be it atmosphere, or the enjoyment of handicapping if you were to visit any racetrack in the country. Particularly now when the vast majority of racetracks are new, or recently renovated.
You prefer the top tier racetrack, fine, but I suspect you have been influenced by turf writer commentary. Try Phildelphia Park, Delaware Park, Calder, Laurel, Presque Isle, etc., and I know you will come away with an awakening.
17 Jun 2010 at 02:13 pm | #
It’s my guess – and a guess it is, nothing more, there aren’t any reliable Beyer numbers on this – that the combined $120M from the state of NJ and the casinos generates, when the dust settles and the coins are rolled up, a tangible financial profit that benefits the taxpayers and the state of N.J. itself.
Besides, what’s the alternative for the area – constructing another 550 tacky malls, flanked by green hamburger huts & tourist t-shirt shacks?
17 Jun 2010 at 02:24 pm | #
Mr. Corrow,
I’m with you whole-heartedly on one point and less inclined to dive in head first with you on another.
You’re statement regarding the bottom line, winning races, cashing tickets, etc. I believe to be a sound one. I don’t have enough frame of reference or opinion to throw the Turf Writers under the bus but DO and WILL agree the there is ‘stigma’ associated with industry product (and readily admit that is the case in most all businesses). I will also go as far as to say that the ‘stigma’ drives business and agree with you that, in a lot of ways, that is unfortunate. As some other commentors have said, the label of a product as ‘world class’ and the acceptance of that is THE primary driver of betting handle nationwide. I will also make the assertion that, often times, the product asserted as ‘world class’ emperically come up as far less. (The comments regarding the state-bred programs, etc. add fuel to my fire there). As a track employee, my contention has and will always be that you must positivly frame your product for your business to increase long term. Monmouth has chosen to do this through the purse account. I believe you can do it in other ways (pool size, field size, guaranteed pools, lower takeouts, etc).
The bottom line is, as is the theme of EVERYONE commenting here, the status quo is simply not enough. Simply put, if I can convince you the bettor that my $6,000 purse is more ‘world class’ than the next guy’s $60,000 purse, I can drive my business. Want proof of what I mean? Racinos. They, in many cases, drive my point home. Purses at tracks like SunRay Park, Will Rogers Downs and Zia Park are quite a bit higher than some of their neighbors. Yet, these neighbors continue to outhandle them. Why? Because the customer (you guys the bettors) PERCEIVE (Thats the key) the product to be better than the tracks with higher purses. Whether they are or not is irrelavent.
The point is, Monmouth has gone to drastic measures to rebrand and reframe their product in the eyes of the bettor. Their goal is a good one. But as they say, there is more than one way to skin a cat. Your suggestions are no more or less correct than what Monmouth is trying to do. There is one thing you, Mmonmouth and myself agree on wholeheartedly though...the way the product is framed to the customer is directly related and vitally important to business success
17 Jun 2010 at 04:56 pm | #
The amount from the casinos is I believe $30 million in a year not $90 million (I thought the $90 million was over three years).
I’ve been to a lot of tracks, and can tell you without hesitation that the experience at Monmouth, Saratoga and Keeneland is markedly different from the experience at Calder, Philly Park and Delaware. It isn’t even close- they are two entirely different experiences.