Pull The Pocket

Opinion: Concern Over Fantasy Horse Racing Highlights Industry’s Ignorance Of Real Issues

In response to yesterday’s California Horse Racing Board meeting at which the concept of fantasy horse racing was deemed a threat, Dean Towers, author of the Pull the Pocket blog, raged that industry “big wigs … focus on these small silly issues because they have no idea how to solve the real ones.”  He said the industry views exchange wagering as […]

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Mutuel tickets betting wagering
PTP: Why ‘Asinine’ Breakage, Uncashed Ticket Policies Will Never Change

In his latest blog post, Pull The Pocket takes on a pair of longstanding policies in U.S. racing that end up taking money out of horseplayers’ wallets. For one, the rounding down of payouts, or breakage ($2.57 to $2.40 for example), and two, the disappearing revenue of uncashed tickets. PTP argues these issues will never be resolved because there […]

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Pull the Pocket: 10 Things I Would Do as CEO of TVG

TVG has begun a search for its next CEO, now that Stephen Burn has resigned from the position. Racing blogger Pull the Pocket believes he has what it takes to run the ship, and in fact, has come up with a 10-point plan for innovation. His list includes a couple things that particularly caught our […]

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Texas Horse Racing
Pull The Pocket: The NFL and horse racing’s ecosystems

In the latest post at Pull The Pocket, the writer compares and contrasts the business ‘ecosystems’ behind horse racing and the National Football League. PTP writes that the NFL is a $9.5 billion business, which seems like a low dollar figure, since a good part of it is driven by a ‘shadow economy’ – that […]

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Knowledge is Power!
Pull The Pocket: Racing knows low rake matters

While the research on lower takeout has been mixed at best, the long-running Pull The Pocket blog continues to pound the low percentage drum as a way to attract and keep horseplayers long term. Pointing to the large rebates offered by ADW companies, he claims “racing knows low takeout is important.”  Wondering how racing attracts […]

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Internet Poker Table
Pull the Pocket: ‘Why isn’t racing lobbying against online sports wagering?’

Online wagering in North America is a huge business, and because it is the only form of online gambling that is legal, horse racing has pretty much cornered the market on it. That may soon change, as states such as New Jersey and California are trying to pass legislation that would allow various types of […]

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Kentucky Downs new logo
Pull the Pocket: Kentucky Downs gets the model right

When Kentucky Downs announced their 2012 stakes schedule and race dates, they also announced several positive changes to their race meeting. Purses will be a hefty $409,000 per day; takeout rates will be cut, making them the lowest in North America (below Keeneland and Churchill Downs); and additional stakes races have been added to the […]

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Pull the Pocket: Hopping aboard ‘the lasix train’

In the newest posting at Pull the Pocket, the writer discusses the different mindsets between Thoroughbred trainers and Standardbred trainers when it comes to the use of Lasix. “If you speak to a harness trainer you’ll likely hear time and time again: ‘He scoped with a little bit of blood, but I’d rather not put […]

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I'll Have Another at his retirement
Pull the Pocket: I’ll Have Another and public perception

Pull the Pocket addresses the scratch of I’ll Have Another from the Belmont and how rare an occurrence a scratch is for the type of injury I’ll Have Another was diagnosed with. Pull the Pocket writes: “Today, after the scratch of I’ll Have Another, I asked Sid (Fernando): In another time, even recently, if a […]

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TV fuzz
Pull the Pocket: Is televising Derby prep races worthwhile?

Cost per acquisition (CPA) is the measure of how much it costs to attract a new customer. When it comes to Derby prep races, writes Pull The Pocket, the cost per acquisition rate may not make televising these events worthwhile. The writer uses the example of the Vinery Racing Spiral Stakes at Turfway Park being […]

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