22.68 reasons to boycott Calif. racing
The racing business is in the toilet at too many places because there's too much product, the product is lousy and the price of making a bet is way too high. The customer is never wrong and the customer has been telling the horse racing industry for a long time that it doesn't like what it is selling, at least not at the existing price of making a bet, which is the takeout level. The proper response is obvious: anyone with an ounce of sense would figure out that the best way to boost business would be to slash prices.Apparently, the people who run the California Horse Racing Board don't have any sense, not an ounce. They believe the answer to the sport's problems in California is to raise the price of a bet.
California racing is unique in that it is so isolated. Far removed from any other major circuits, the California tracks don't get much of anything in the way of shippers.