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Wednesday, March 10, 2010

More on the Monmouth Experiment and How It Applies to the Standardbred

John Pricci from wrote an article about the forthcoming experiment at Monmouth Park where he basically indicates the new schedule and purse structure at Monmouth may be what saves this industry.  Many of the things John talks about applies to the standardbred industry. 

Not only should the thoroughbred industry watch the Monmouth experiment; the standardbred industry better watch as well.  This experiment may very well be the salvation of harness racing as well.

1 comment:

Scott Jeffreys said...

On the topic of competitively pricing the wagering takeout, the hot news today is that Tioga Downs will be lowering their takeout rates for their 2010 harness season.

Quoting from the article, "Tioga Downs' 2009 takeout rates were 18 percent for win-place-show, 20 percent for exactas/doubles and 25 percent for all other exotics. For the 2010 race season the price of those wagers will be reduced as follows: 15 percent for win-place-show, 17 percent for exactas/doubles and 21 percent for all other exotics, pending regulatory approval."

Another example of progressive, private racetrack ownership pressing the envelope to test new business ideas which have a demonstrated successful record over time. The real issue is can the Gural-crew at Tioga generate momentum with this move both locally, within the industry, and perhaps drive the sale rate down further.

Time will tell.