Tim Brannan: Fan education key to the future

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Tim Brannan writes at America’s Best Racing about his experience teaching fans to bet at this year’s Preakness. For the last three years, the Maryland Jockey Club has set up a tent in the infield with betting experts available to answer questions about betting. Brannan talks about the people he talked to of all ages and backgrounds and how they kept coming back to ask more questions and to keep betting. More importantly, he writes, the number of people visiting the tent has grown every year and the handle at the nearby betting pavilion has increased every year since the beginning of the education tent.

Brannan writes: “As the day continued, I came across risk takers, sorority girls, young professionals and people from all walks of life. With each race, our tent filled. Every person I taught stuck around to bet the next race and get my take. Our cameraman recorded testimonials from people who had never bet before because they were ‘too intimidated’ or they ‘just didn’t know what to do.’ This nervousness or lack of confidence in knowing the sport is what has kept future customers from engaging in the game.

“I was approached by people with open minds, who were eager to learn and just wanted to have fun. For some, they may have placed an uneducated bet, lost and never come back. In this scenario, the horse racing industry would have failed them. The future of our sport will not be guaranteed by adding casinos or slot machines; we must make a concerted effort to connect with and instill confidence in those wanting to participate in our product.”

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  • roger

    I couldn’t agree more. Why tracks don’t have FREE pamphlets that address these questions PLUS a Money Management pamphlet written by someone astute like Barry Meadows is long overdue.

  • LongTimeEconomist

    I believe some have tried this, but not sure how many do now.

    The biggest mistake that the industry makes in this area is to encourage people to bet exotics. Betting trifectas, Pic4s, etc. usually leads to no cashed tickets, chasing people away from betting on races forever. Newcomers need to be encouraged to make bets that are far more likely to be cashed, like win, place and show. If they cash a few tickets, even though they may have a net loss for the day, they are far more likely to come back and become regular customers. 

  • http://Bellwether4u.com James Staples

    the #one problem that “THE GAME” has is EXPOSURE…EXPOSURE…EXPOSURE…GOT IT???…A NO BRAINER BABY!!!…GET BUSY!!!…

  • roger

    that’s why a pamphlet on MONEY MANGEMENT is so important today with so many races available and the variety of bets. I’ve never seen a pamphlet like this at CA racetrack in 40 years.

  • LongTimeEconomist

    I don’t think handing out booklets will get the job done. You need to have a real live individual talking to people. Obviously, you need a large enough group to make it worthwhile assigning one employee for a big chunk of the day, but there are occasions at various racetracks when that is the case. And those are usually days when there are a lot of novice bettors in attendance.

  • roger

    James -

    Exposure….okay new fans show up and have been showing up but to KEEP THEM you have to educate them on all the nuances of the wagering sport.

  • Fatchabumala

    Simple, yet brilliant observation. We live in a world of diminished attention spans, populated by a ‘hold ‘em’ mentality. The majority of gamblers don’t want to think (handicap) for hours with the off-chance that a pick four they’re just learning, might win once-in-a-blue-moon. The sport is only in need of education because it has overcomplicated itself by offering far too many betting options. It’s the reason why the geniuses at Horseplayernow need 40 weeks to teach a newcomer how to get comfortable with the game. Nice scam, though, I’m duly impressed.

  • ITP

    Fan education is the key to the future!

    If we educate the fans on takeout rates and the learning curve needed to become the 1% of bettors that can overcome them, they will never come back after being educated about that.

  • TimBrannan

    After the publishing of this blog, I was informed that in 2012, the handle in the Preakness infield rose to 2nd all time since it’s inception. In addition, program sales from 11′ to 12′ rose by 30%. 

    On another note, my cohorts & I along with the Jockey Club and Belmont Race Track have established a Wagering 101 tent for next weeks Belmont Stakes. If you are in the area, please stop by and share your ideas on how we can work together to make this sport great again. Cheers, Tim Brannan

  • Fatchabumala

    Sales rose from 11 to 12 feet? I surely would have expected the program sales to have risen by increment of yards, not mere feet, no?

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