74°F
weather icon Clear

Mistreating customers no way to grow business

Two recent stories made me wonder if the people running horse racing understand the concept that mistreating your customers is a bad business practice.

The first item was for a new wager called 123 Racing. The tracks involved in the startup are Canterbury, Hawthorne, Mountaineer, Philadelphia Park and Presque Isle. The wager has a carry-over proviso, so the hope is horseplayers will bet big when the pot grows. My problem with it, the takeout is an outrageous 35 percent.

The second item occurred in California when Gov. Arnold Schwarzenegger signed into law a bill allowing state racing associations the option to raise their takeout on wagers up to 5 percent across the board. Thank goodness it's voluntary.

However, with shrinking revenues, the temptation to raise the takeout somewhere between 1 and 5 percent in the future might become a reality.

We horseplayers still are waiting for a think tank to hatch ideas to grow horse racing. Part of that is creating new fans to attract new bettors. Another is marketing to an audience that wagers already but maybe hasn't tried horse racing yet. A third is renovating the wagering product so it is an attractive investment. For example, if straight pools were reduced to 10 percent takeout, the tax would be similar to the vig on sports betting.

SPLIT VOTE -- This cat fight between Rachel Alexandra and Zenyatta supporters is ludicrous. My manhood has been questioned just because I want to split my Horse of the Year ballot between them. The vote has been compared to a presidential election; man up and vote for one or the other.

Be real. This vote is not for the leader of the free world. It's a marketing tool to promote horse racing. If two horses are worthy of the honor, so be it. It would help the sport, not hurt it, to honor two champions. I say let's celebrate the accomplishments of Rachel Alexandra and Zenyatta, equally.

FRANKEL 'A GOOD MAN' -- Many fine eulogies have been given this week on the death of Hall of Fame trainer Bobby Frankel. In fact, HRTV will air ''A Tribute to Bobby'' on its Inside Information program at 6 p.m. Sunday. One of Frankel's best friends was trainer Julio Canani, so I'll quote his simple words: ''The man was unbelievable. He had a heart as big as they get. A good man.''

Richard Eng's horse racing column is published Friday in the Las Vegas Review-Journal. He can be reached at rich_eng@hotmail.com.

THE LATEST
Irish War Cry due for good race, pick to win Belmont

With Kentucky Derby winner Always Dreaming and Preakness champion Cloud Computing skipping the Belmont Stakes on Saturday, the Triple Crown races will produce three different winners for the second consecutive year.

This weekend is filled with festival-style horse racing

Today the trend is for racetracks to cluster their stakes in a festival-style program. Thus, the Met Mile will be among nine graded stakes on the Belmont Stakes card June 10.

Always Dreaming’s Preakness run proves ‘horses are human’

Kentucky Derby winner Always Dreaming by various accounts came bouncing out of Churchill Downs in good order. His Hall of Fame trainer Todd Pletcher felt good about his preparation.

Kentucky Derby offers clues for Preakness winner

Always Dreaming is the horse the racing industry will be rooting for. A win in the Preakness sets up another Triple Crown chance in the Belmont Stakes on June 10.

Preakness questions immediately face Always Dreaming

After Always Dreaming crossed the finish line first in the Kentucky Derby, the first question was, “Is he good enough to win the Triple Crown.”

McCraken gets nod to win Kentucky Derby

Many experts are calling this the most wide-open Kentucky Derby in years. When I hear that, I get cynical. Wide open was in 2009 when Mine That Bird destroyed the field at 50-1 odds.

Kentucky Derby week means betting seminars in Las Vegas

The Kentucky Derby attracts the most novice and casual bettors of any race in our sport. With that in mind, there are all kinds of free Derby seminars next week.

Patience is necessary for future bets in horse racing

I love making future bets, not only in horse racing but also other sports. That’s because horseplayers learn a basic tenet early on. Our goal is to bet a little to win a lot.

‘Super Saturday’ should solidify Kentucky Derby field for many horses

When the folks at Churchill Downs dreamed up the Kentucky Derby points system, I was skeptical at first. Not anymore. It has worked by producing fields of in-form horses that, for the most part, are also bred to race two turns.