Showing posts with label NYRA. Show all posts
Showing posts with label NYRA. Show all posts

Tuesday, 26 May 2009

10.099 Beats 7.412, But Not By Much

In all the euphoria over yesterday’s atmosphere at Belmont Park, where 10.099 racegoers apparently had a great time, I was relieved that I wasn’t the only one struck by how low this number really was. Just over 10.000? On a public holiday, in beautiful weather, with one of the most prestigious handicaps of the continent on the card? Dresden had 7.412 for this year’s only raceday so far. And horse racing is by no means a generally more popular sport over here.

That’s 7.412 in a city of 500.000, which (no matter how often English-language Wikipedia wants to ignore the objections by me and other editors) isn’t part of any metropolitan area. It’s for a raceday on which the “feature” was a Hcp D for 4.600€, on the same weekend on which Dresden also hosted the largest Dixieland festival outside New Orleans, among other alternatives.

For all they screw up in every other part of marketing the sport, the one thing German racecourses do well is marketing themselves as an outdoor event. There are several thousand regular racegoers (especially families) in any city with a track who don’t have any interest in the sport on any other than raceday, but who attend for the atmosphere and side attractions alone. They will usually only make a couple of spice-up bets at minimum stake amount, spread out over the day. Yet the racetracks profit from the admission and programmes paid and the revenue generated from on-site beer gardens, cafés, vendors, pony rides and other attractions.

Due to the, self-inflicted, absence of meaningful off-track handle (on Dresden’s first raceday, only 40,4% of the 108K total handle were off-site), this source of income is increasingly vital for the continuing existence of the sport in our remote corner of the Thoroughbred world.

Good attendance is great for the horseplayers too. Because a large portion of the handle comes from people who aren’t really dedicated handicappers, it’s much easier to find quality bets at a good price, the level of competition is much lower (although in Germany this is somewhat offset by the difficulty of getting meaningful information).

I’m aware that it’s easier to get good attendance figures if you only have a dozen of racedays per year to promote, but then nobody forces NYRA to run two stakes races every weekend. This way, they’re teaching the audience that a comparable product will be offered all the time, thus diminishing the incentive to attend today, or tomorrow. It would be easier to attract large crowds if they would create several racedays when the product offered (on the courses and around the paddock) far exceeds the usual levels, then promote only those days, and leave the rest to the few that will come anyway and have little interest in the side attractions. This is the way the Paris tracks do it, and it works fine for them.

Of course, it would be even better for NYRA to realize that even in the “Golden Age” they ran hardly a third of the number of races, but I’m trying to be realistic here.

Monday, 27 April 2009

NY Handle Decreases; Reduced Quality and Dependence On VLTs A Solution, Says NYTBDF

According to the DRF, New York’s Thoroughbred Breeding and Development Fund is facing “economic catastrophe”. The fund, tasked with paying incentive bonuses for the State Thoroughbred Breeding and Development Fund Corp., is unable to fulfill its payout obligations as the number of state-restricted races increases while handles, its primary source of income, keep shrinking.

According to NYTBDF executive director Martin Kinsella, the number of state-restricted races will increase from between 500 and 600 annually over the last years to 700-800 this year, a change the fund applauds and which, again according to Kinsella, far outweighs NYTBDF cutbacks.

Given a relatively level overall number of races on NY tracks, 200 more state-restricted races means that about one race less per day will be open to non-statebred (or state-registered) horses, further intensifying the already existing decline in quality of NYRA’s racing product. Correct me if I’m wrong, but isn’t declining quality one of the main reasons for reduced handle? For comparison, look up “Gulfstream Park, Development of annual handle at” in the Cambridge Almanac of Common Sense.

Instead, Kinsella is holding out hope for the arrival of VLTs at Aqueduct, a bright future he actually refers to as a “long-term solution”. The NYTBDF was one of the first state incentive programs subsidizing breeding regions with huge amounts of money (over 60 million dollars annually), initially intended to draw breeders and owners from other states, but now mostly subsidizing the breeding of inferior horses that would not otherwise be profitable. It was effective enough to force every other breeding region around the country to start a fund itself, resulting in a stalemate that is a major cause of American racing's current oversupply.

Kinsella, if nothing else, proves one thing: No matter how many times the world economy breaks down because of this mindset, NY executives still won’t grasp a concept that every illiterate tanner in the middle ages was able to understand: In the long term, your business can’t be healthy if your expenses are higher than your income.

Monday, 6 April 2009

Mullins in the Detention barn (sounds good, but isn’t)

Jeff Mullins, trainer of hot Derby prospect I Want Revenge, was caught inside the Aqueduct detention barn with a syringe on Saturday, the Thoroughbred Times reports. Mullins was forced by the stewards to scratch Gato Go Win from the Bay Shore Stakes after he tried to administer an above-the-counter drug to the horse. All other Mullins starters, including impressive Wood Memorial winner I Want Revenge, were allowed to proceed. The infraction, technically only a violation of detention barn rules, will also be subject to a stewards review during this week.

Tough, isn't it? Think about what the Hong Kong Jockey Club or JRA would do to a repeat offender caught with a syringe in a detention barn. Or, for that matter, to a trainer who blamed bettors for “crying about losing a $2 bet“ after being caught cheating. Any racing jurisdiction worth its salt would ban this trainer for at least a year from running any horses at their tracks, and formally warn off connections of all horses registered to his barn. In the US, the whole affair will barely reach slap-on-the-wrist proportions. In my opinion, it doesn't even matter if the substance was legal, what part of detention barn will Mullins pledge he is too stupid to understand?

How could any of this smell fishy to fans watching TV on Kentucky Derby Day: Here’s a trainer who within the last month was caught red-handed fiddling around with a syringe in a detention barn, trying to administer a performance-enhancing substance to his horse. This trainer saddles one of the Derby favorites, a horse owned by a shadowy “hedge-fund” operation run by a (former?) scam artist and white collar crook who once owned another horse which was the focus of a successful FBI investigation into organized crime at the races. How many fans of the sport will want revenge? How many casual viewers will just shake their heads in disbelief and sign the next PETA campaign against racing? How many true fans could really blame them?

Looks like contributor o_crunk was right commenting on the Railbird blog: IWR for Real Change!