richiebee Wrote:
-------------------------------------------------------
> Elk:
>
> Pari- mutuel racing has been dying for the last 40
> years or so.
>
> Fantasy sports thriving? Not in Nevada,where it
> has apparently been banned, not
> in other states such as NY where it is coming
> under scrutiny. If the fact
> stated in one of these articles is true, with 1.3%
> of the Fantasy Sports
> participants winning more than 90% of the money,
> is this sustainable?
>
> If I was somehow responsible for marketing
> thoroughbred racing, I would pay an
> exorbitant sum for Draft Kings/Fan Duel customer
> lists and start some
> marketing.
>
> Why don\'t racetracks adopt the Fantasy model and
> offer wagering which is not
> traditionally pari- mutuel? Put a dollar value on
> every runner on a given race
> day\'s card; a player can \"buy\" a stable of horses
> for the days races (maybe 3
> for each race), with the winning player being
> rewarded for selecting the stable
> with the highest purse earnings on the day.
Richie, while I love your posts, the 1.3% winning 90% of the money is because of how the payoffs are usually distributed. There are a few---as in, one or two---big payoffs at the top of these $10 entry fee contests. Everyone else is somewhere between winning $10 and losing their $10 entry fee. That way they can advertise that \"Joe from Duluth put $30 into his account and won $1.2 million!!!\" but obviously a very low percentage of people are going to get a high percentage of the money. If you believe that\'s all fixed, well...another story.
