Why Calif. will get away with this crime
Updated: September 9, 2010, 3:59 PM ETBy Bill Finley | Special to ESPN.com
Horseplayers are stupid.That's what they are counting on in California, where the California Horse Racing Board is about to push through an exorbitant increase in takeout. Starting Dec. 26, the take on trifectas, superfectas, Pick Threes and Pick Fours is going up to 23.68 percent. Exactas and daily doubles are going to go up to 22.68 percent, which will be the highest takeout rate on such bets among any major racing jurisdiction. Only the irrelevant racing states of Massachusetts, Colorado and Minnesota will have a higher take on the doubles and exactas. The day after Christmas, they're going to start robbing you blind. And they're going to get away with it because horseplayers, as a lot, are, indeed, stupid.
When there are so many better betting opportunities out there, why would any rational person continue to bet on California racing?