Indulto

"Players Up" blogger Indulto is a retired computer programming residing in SoCal and has been betting Thoroughbreds since the days of Kelso, cashing his first ticket at Saratoga while in college.

Indulto is well known in racing's cyber world as a participant on the Ragozin Sheets message board, the PaceAdvantage Forum, Paulick Report, and has made important contributions to the industry's audience as an HRI Readers Blog contributor.

Indulto was active in the formation of the Horseplayers Association of North America and with former HANA colleagues worked on the Players' Boycott of California racing when takeout rates were increased by the legislature there.

Taking his nickname from the King Ranch color-bearer of the 1960s, Indulto now devotes his time to advocate for the recreational player and hobbyist, but prefers lower takeout rates for all rather than subsidized rebates for the few.

Indulto supports the creation of a centralized racing authority to establish uniform rules for racing and wagering and for those standards to be enforced consistently.

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Sunday, November 23, 2014


Big Irony: The Ballad of Texas Red


LOS ANGELES, November 22—Until this year’s Breeders’ Cup Saturday, most horseplayers over fifty associated the name “Texas Red” with the outlaw whose legend was immortalized by Marty Robbins in his ballad, “Big Iron.”

It was either that, the badass cowboy, or the latest designer drug for which a test has not yet been developed.

Now everybody recognizes Texas Red is a Thoroughbred racehorse that was a last-to-first, field-distancing winner of the Juvenile.

Much of the post-race coverage was the novelty of a Breeders’ Cup winner being ridden and trained by brothers; Kent and Keith Desormeaux, respectively.

The media also picked up the refreshing frankness of the trainer: "The first thing I thought when he was drawing away was, 'How good is American Pharaoh?

“You never want to see a defection, but it had to help."


And isn’t it interesting that the trainer will be focusing on the Kentucky Derby, not the juvenile championship.

His comment helps make the case for American Pharaoh as the champion considering the horse's two Grade I victories included the Frontrunner Stakes over Texas Red in the first start on dirt for both.

For the Juvenile, Bob Baffert put four swift works into his front-runner while Desormeaux worked three times far more slowly. The Baffert trainee then went to the sidelines with a bruised foot, or worse.

Desormeaux's charge made it into the Juvenile’s starting gate race and he inhaled his field. The final time for both the Frontrunner and BC Juvenile was 1:41 4/5 but the six furlong splits were 1:11 4/5 and 1:10, respectively.

Who can be sure Pharaoh would have been able to withstand the greater early pace pressure?

The sire of Texas Red is Afleet Alex who won both the Preakness and Belmont following a narrow defeat in the Kentucky Derby. His results in the breeding shed haven't yet been as impressive as those on the racetrack.

But just maybe his second Grade I-winning son can accomplish what daddy didn't; become racing’s next Triple Crown winner.

American Pharaoh, it should be noted, is the first Grade I-winning son of Pioneer of the Nile, the Kentucky Derby runner-up to Mine That Bird.

However, the fact that the last three Triple Crown winners were all two-year-old champions makes the title more than just an honor.

And, for the record, a subsequent win in the upcoming Grade I Los Alamitos Futurity certainly would confirm ‘Red's’ championship credentials, this race propelling Shared Belief to the championship last year.

The Derby is still five months away, a lifetime in horse years, and much can happen. I’m sure Desormeaux is well aware that since earnings no longer are the Derby qualifier, another 10 qualifying points probably would be enough for inclusion. It has been the first two years.

Texas Red's sales price of $17,000 barely covered Afleet Alex's stud fee of $12,500, and it exceeded that of only one other Juvenile starter. Ironically, the post time favorite and runner-up, Carpe Diem, was a field-high $1.6 million purchase.

And that brings to mind a song: http://www.youtube.com/watch?v=999RqGZatPs

With apologies to Marty Robbins:

To the city of Arcadia came a jockey BC Day
Name was Kent Desormeaux, sometimes had too much to say
He had lost a lot of business due to fear he'd take a nip
But supporters knew when riding that he seldom made a slip
Seldom made a slip

It was earlier in the meeting when misfortune reared its head
Getting kicked by a horse put Kent in a hospital bed
Broken ribs were not the only cause for pain he felt inside
For in the BC Juvenile he had a big horse yet to ride
Big horse yet to ride

In Keith Desormeaux's stable lived a horse called Texas Red
He had faced two other entrants and they both finished ahead
Every pundit praised the winner, Red's improvement didn't warn
Of the brothers' shared belief they had a big horse in the barn
Big horse in the barn

From the East would come top finishers from other major preps
To confront the Frontrunner winner who had run the fastest steps
But a bruised foot scratched the favorite just days before the race
A real boon to both he'd beaten no longer having him to face
Not having him to face

Another Juvenile defection came the morning of the race
Was the other local prep runner who had finished in second place
No one had to be a genius, no one needed Twitter text
To find the pattern suggesting Texas Red might come out next
Red might come out next

It was forty six past two when they left the starting gate
The next one hundred and two seconds would determine each one's fate
Texas Red was the early trailer, but advanced on the backstretch
Circling horses on the turn, he blew by the leaders in the stretch
Blew by them in the stretch

Wasn't longer before the brothers started talking to the Press
The jockey gave the trainer all the credit for their success
He'd acquired the son of Afleet Alex as a bargain in disguise
And had him ready to fire when they ran for the big prize
Ran for the big prize

Big Irony. Big Irony.

Written by Indulto

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Friday, November 07, 2014


NYRA Should Take Lead on Hong Kong Inspired Reforms


LOS ANGELES, November 6, 2014--The recent on-line petition calling for increased barn surveillance and harsher penalties for medication violations has already succeeded in applying pressure on racing regulators.

This was demonstrated at the October 23rd California Horse Racing Board meeting when the Executive Director complained about 'bloggers and such' who “villify” the CHRB “without having the facts.”

As I listened to the archived audio, the CHRB commissioners and directors didn't come off as villains, but rather as collectively incapable of meaningful reform – perhaps more so than their counterparts in most other state racing regulatory bodies in this country.

The problem is that too few individuals, nationwide, have any experience doing it a better way.

In the past, like many others, I've advocated for a National Horse Racing Commission that would reform racing from the top down. I now believe a prototype constructed in a single jurisdiction that – once proven successful – is more likely to affect duplication or expansion elsewhere.

In a recent Op-Ed debate at the Thoroughbred Daily News, Jerry Brown and Barry Irwin both praised the Hong Kong Jockey Club as a “Central Authority” that oversees drug-free racing at the highest levels of integrity.

Irwin wrote, “The reason the wagering pools are so astronomical in Hong Kong is because the horseplayers know that the integrity of racing is without question... the one unifying theme that pervades all of the schemes brought to bear to clean up the game is that honesty is at the core of the efforts. ”

Brown replied, “... Hong Kong takes the cheating issue maybe a thousand times more seriously than we do here--they test more horses, do it thoroughly and professionally (which is NOT being done here) ...”

Indeed the handle at the two HKJC tracks dwarfs that of all U.S. tracks combined, and pays for the unparalleled scrutiny focused on approximately 1200 horses (and owners), 24 trainers, 35 jockeys, and 83 annual racing dates – one at each track per week.

The not-for-profit operation employs approximately 5,700 full-time and 18,000 part-time staff, and generates a surplus exceeding one billion dollars after taxes for charities benefiting the Hong Kong community.

Executive Director of Racing, Bill Nader, described the HKJC's “defining trait” as “outstanding customer service and public confidence.”

At least, let’s give some credit to their monopoly on legalized gambling: It’s good to be the only game in town.

Their unsurpassed customer satisfaction is achieved by delivering: a top quality racing product, i.e., large, competitive fields of fast, sound, and consistent horses; the confidence that competition will be conducted honestly, fairly and with transparency; a wagering menu reflecting consumer demand, and the availability of extensive data and analytical tools on its website.

With no local breeding industry, all horses are imported and subject to comprehensive screening and monitoring. Each horse is assigned a handicap rating following each performance in a race at one of five class levels.

Entry eligibility based on this rating system ensures extremely competitive fields. All races are conducted on grass and there are no claiming races. Horse ownership is limited to HKJC membership which reflects immense prestige.

It's my understanding that takeout in some HGJC pools is a little over 17% in some and 25% in others. Rebates of 10% are offered only on LOSING wagers of approximately $1,300.00 US or more.

I haven't yet been able to determine which wager types fall into which categories, or what minimums apply to each. Nor am I familiar with the wager types that are not offered here, or how per capita statistics compare.

But there are blocks that exist upon which a better U.S. model can be built, assuming, of course, that the conduct of racing at a proven higher level of integrity is truly preferred by the horsemen.

Horseplayers should conduct themselves appropriately as well.

Fairness in the pari-mutuel area is a major integrity component, one which has been a point of emphasis for HKJC: pool integrity and fairness; rebates that are limited to losing wagers only with no high- volume wagering qualifier so that rebates are available wherever a qualifying bet is placed.

As with any enterprise, there is still room for improvement. A greater degree of fairness could be achieved by enabling smaller wagers to qualify once their total reaches a required minimum. A $10 bettor should have the same rebate rate as a $200 player.

If Brown's assertion that only 10 percent of U.S. handle is bet by the rank and file player, this should hardly represent to the high-volume bettor--especially if rebates are paid as a bet-only voucher.

Isn’t there one U.S. jurisdiction able and willing to seize the opportunity to expand its business by focusing horseplayer attention on a more trustworthy product and process?

Given the anticipated re-privatization of NYRA, New York seems a most promising candidate for immersion into increased integrity. The NYRA announced this week its intention to hold four customer meetings a year at which players could voice their concerns.

Perhaps NYRA would be willing to show their appreciation to the small, everyday player via rebates on losing wagers, instead of carryings very high qualification minimums on personal handle, proving they’re interested in more than paying lip service to customer issues?

Maybe Kentucky’s, California’s and Florida’s top class circuits might also wish to be proactive by following, however strictly or loosely, the Hong Kong model? With an eye toward the present and future, have at it.

Is the HKJC group potentially the most desirable bidder for the New York racing franchise? That’s something to ponder, a move that goes beyond local politics.

We’re sure the recently reelected Gov. Andrew Cuomo could demand—and get—very top dollar. After all, the international gaming Genting organization is already in place at Aqueduct.

Hopefully, Frank Stronach will begin to put in place and support his stated preference for on-track pharmacies in the very near future and one day could establish Gulfstream Park as the top handle grosser from December through March; they already have the product in place.

Unfortunately, Stronach’s Santa Anita property has not shown itself to be a strong candidate for integrity leadership, considering the self-interested control of racing there by the Thoroughbred Owners of California and the impaired regulation of the CHRB.

The image of the latter was further tarnished on Breeders' Cup weekend by the widely perceived inaction in the steward's stand; once again, and again, renewing the call for uniform rules in racing.

But until and unless one U.S. jurisdiction can demonstrate a willingness to increase handle growth emphasizing integrity in all things, the next Triple Crown winner will emerge before higher standards of conduct of are applied equally across all jurisdictions.

Written by Indulto

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Thursday, October 16, 2014


Who Will Step Up to Save the Game?


LOS ANGELES, October 15, 2014--Catching up on my reading after weeks of contemplating Florida sunsets, I found a few items worth examining more closely.

The first was Churchill Downs Incorporated's announcement that they had restored the Hollywood Futurity -- citing its production of six previous Derby winners -- to its list of Kentucky Derby 2015 qualifying preps after dropping it from the original line-up last year.

Shared Belief's victory in that race's final renewal in Inglewood earned him 2013's two-year-old championship; a consequence that could have proven an embarrassing oversight by CDI had an injury not forced the champ off the Derby trail.

The new home of the Futurity is Los Alamitos Racecourse -- not yet a Grade I venue, but a candidate for national recognition should Shared Belief collect a $5M bonus for winning the Breeders' Cup Classic in addition to both the Los Alamitos Derby and the Pacific Classic.

According to Churchill Downs Racetrack President Kevin Flanery, "The robust commitments by the team at Los Alamitos suggest a strong desire to be included in our series, and we’re confident the race is likely to attract aspiring and compelling Derby prospects…We’re delighted to welcome the Los Alamitos Futurity to the Kentucky Derby ‘Prep Season."

The preceding congeniality, however, still doesn't flow in the direction of Hawthorne Racecourse whose Illinois Derby was rendered virtually meaningless by CDI when it changed the basis for Derby eligibility from earnings in any graded stakes race to points earned in races it designates.

That competitor-crippling action was uncalled-for, and surely emboldened CDI rival The Stronach Group to deploy similar tactics to eliminate racing competition at Calder which succeeded this year.

Indeed, CDI's karma is presently so bad that it just announced it will add an executive position charged with improving its image in the wake of handle losses suffered at consecutive Churchill meets and at its Arlington Park property. CDI is also facing intervention from the state of Louisiana regarding its Fair Grounds property that has already lowered purses for their next race meet.

As CDI is now considering selling the above properties, an era of new civility might best be initiated by negotiations with Hawthorne to add the Illinois Derby-- at least as a second 2015 wild card qualifier two weeks before the big dance.

Given the cold shoulder it has given boycotting horseplayers in the past, it was a pleasant surprise to see that Daily Racing Form commented positively on the effectiveness of this grass roots movement:

"Churchill is seeking to fill the position at a time when it has come under fire from some horsemen, legislators, and horseplayers over its policies. In addition, handle at two of its tracks, Churchill Downs in Louisville, Ky., and Arlington Park outside Chicago, has plummeted this year, in part because of urging from some horseplayers to boycott the company’s tracks because of a decision this year to raise the takeout at Churchill."

The individual most responsible for that effectiveness is Jeff Platt who I often think of as the Clark Kent of horseplayer advocacy. Platt is not only President of the Horseplayers' Association of North America but also the talented developer of the Jcapper racing data base software.

As the webmaster of playersboycott.com and the HANA website--as opposed to the HANA blog and Jcapper product sales and support website--Platt has evolved into perhaps the sport’s most influential horseplayer advocate.

He is already the most inspirational as was demonstrated at the paceadvantage.com forum when his commentary on that chat room helped lead to the creation of HANA and more recently by his contributions at playersoycott.org that took no prisoners in Louisville despite his mild-mannered demeanor while delivering data-driven handle analysis before California Horse Racing Board commissioners.

Members of the CHRB board later emphasized how civil that meeting turned out to be--but failed to give any indication that there was some actual progress in addressing the issue of optimal takeout rates.

If there's anything that could prove as debilitating as kryptonite it's Platt’s advocacy for lowering takeout through rebates rather than lowering rates across the board for the benefit of all. A level parimutuel playing field is as vital to the industry’s health as effective uniform drug rules.

Rebated players are generally immune to takeout hikes but increases in California and at Churchill Downs went to purses rather than result in larger margins ADWs could share with select clientele. Both those boycotts legitimately sought relief for all players. It remains to be seen, however, whether any rebated player would vigorously support a boycott for fear of losing the edge those players hold over their parimutuel rivals.

Another long-time advocate of rebating also made news recently while supporting the continued use of Lasix with a weight penalty applied. Jerry Brown, President of Thoro-graph, claimed a personal handle of “seven figures” annually, and estimated that 10% of players now generate 90% of handle.

If this is true then racing not only is no longer a sport but neither is it a fair game. More than in the past, betting on horses has become an investment vehicle for predatory deep-pocketed professionals; a currency shredder for everyone else.

Think about it: Is "90/10"% sustainable in the long term? This ratio suggests a drop in player participation, as troubling as the decrease in the foal crop.

Racing is viable on its biggest days but what about the rest of the time? More and more, recreational bettors are turning away from high-cost, low-quality product racing and the incredibly shrinking small-fields racing.

If recent handle declines at Del Mar and now Santa Anita is any indication, California's isolation will force them into weekend-only racing scenario sooner than other major league venues: New York and Florida are likely to benefit most from any consolidation in California or elsewhere.

Sadly, the obstacles to reform are no longer limited to the traditional public and private fiefdoms but extend to today's powerful pari-mutuel predators. Rebated whales and their enabling ADWs are today's barbarians--and they reside inside the gate.

If racing were truly civilized, the continued pursuit of larger portions of a shrinking pie would be replaced by a cooperative effort to grow the pie. A central authority committed to leveling the playing fields of both horsemen and horseplayers is the obvious solution.

Will the real Clark Kent please stand up.

Written by Indulto

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