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Lost And Running set for another Everest ascent
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Triple Eight upsets in Aussie feature
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Hastings double for Hercock
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Australia beckons smart Karman Line
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Jumping future looms for Indeem
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By Wandering Eyes · Posted
A survey done by the New York Thoroughbred Horsemen's Association in January found that 81% of its members expected to race fewer times if a ban on race-day Lasix is extended to all overnight races.View the full article -
so many factors are at play when it comes to how much the nz racing industry can benefit from sports betting increases. like for every $ spent on sports betting,what % of profit actually will end up going to racing. Entain must have a good idea by now,but no one seems to be saying what it is. its the same with horse racing,just because turnover goes up ,doesn't mean profits are going up.If we only had tote betting yes it would be simple,but because so much turnover relates to fixed odds betting,we need to know what % profit that aspect is returning the industry. For example,if sports betting goes up 50%,then entain take their cut,the sports organisations take their cut,tax rates,yield rates,etc are at play. in other words a 50% increase in sports turnover probably only returns the racing industry a single digit increase on previouis years amounts,in profit to be distributed to horse racing.I don't know for sure,no one is saying,but i do know for sure people should not get too excited and think a 50% sports turnover increase means a really big windfall for the industry,because we don't have enough information to say that.Its got to be a positive thing,but just how big it really is,who knows. And if say the harness racing code,is spending beyond their means,well they most likely are going to struggle even with a bit of help from sports betting returns.I mean,the racing codes have been spending based on what?How could they possibly know for sure how much they are likely to get.They had to have been guessing until a year of the geo blocking has played out.. then with sports betting you have the variable that played out in the usa a couple of years ago relating to the nfl. The betting agencies all took big hits to their profits because the nfl had a run of favorites win. I mean ,the oppposite could happen of course,but again looking at something and saying 53 increase,its too vague to get too excited. I was reading yesterday how entain shares have fallen 25% this year and that was down close to half on itspeak price in the last year.i think they are publishing their yearly results soon,but they have revised their profits down for this year and for next year.Apparently the prediction markets are taking off in some countries which is effecting betting on the likes of sports. E.g.in the USA you can bet on the likes of whether zelensky will wear a suit to the white house. Because that type of betting is more profitable % for the betting agencies who focus on it,they are able to offer better odds than you may get on the likes of sports betting. Of course what they can bet on in the usa is different from here or the uk. But does entains global profit have any effect on nz racing.Probably not,but then again it may do down the track,who really knows. -
By Murray Fish · Posted
4 Gelding's, 7 Fillies, no Colts. Talking to JG the other day "She is a very good filly"
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