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[Sal Carcia via Derby]

Here is an article from Thoroughbred Idea Foundation about how high volume bettors are killing the game. This has been a topic on this forum for years. Terry B has offered a consistent and knowledgeable perspective on the subject. He led the charge. After all these years the game is catching up.

“Roughly 65% of all wagering on racing in Q2 2020 came from the major ADWs, like TVG, TwinSpires, Xpressbet and NYRA Bets. So if doors were closed to tracks, where did the rest originate? TIF estimates that approximately one-third of all wagering on American racing comes from entities we characterize as “high-volume betting shops,” or HVBS, which are the equivalent of private, high-end wagering platforms which do not need separate ADWs. As HVBS wagering increases, a series of disadvantages are created, increasing costs on all other bettors, and having the effect of reducing participation from, or outright eliminating, non-HVBS players.“

Since 2003 the high volume bettors have increased by 114% and the other bettors decreased by 63%. I remember the NTRA study that predicted this years ago. 

https://files.constantcontact.com/caaf4766701/17d9fd14-5830-414b-b90d-202f8c29b24c.pdf

Sal




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