#FreeDataFriday

Open Letter to the Industry: #FreeDataFriday Vol. 37: Where’s the Takeout Menu?

Amongst serious horseplayers, takeout rates in pari-mutuel pools are a frequent discussion. It should be a focus of breeders, owners, trainers and track operators. Unless they are serious bettors too, takeout rates rarely "get a run" from those constituencies, though. Our recent #FreeDataFriday piece highlighted the impact of various takeout rates on win pools at three different tracks. The higher the rate, the lower the return to winners--and thus, the less they would have to churn through the pools and start another cycle of betting. Recently, a few bettors lamented...

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Open Letter to the Industry: #FreeDataFriday – Churchill Offering Free Past Performances

by Thoroughbred Idea Foundation BettorIQ's recent podcast, "A Sports Betting Education," featured professional bettor Rob Pizzola, who was asked what might motivate him to model or wager on a new sport. "First and foremost, what does the market looks like?...Ultimately, that's the first thing. The second is what data is available. Is it public data? Is it private? Do I have to purchase it? is it reliable? You want to talk about emotions in sports betting, the instability you have to deal with, with some of the data I have...

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Open Letter to the Industry: #FreeDataFriday – Racing’s Open Data Canyon

Thoroughbred Idea Foundation Two weeks ago, Microsoft announced the launch of its "Open Data Campaign," in their words, "to help address the looming 'data divide' and help organizations of all sizes to realize the benefits of data and the new technologies it powers. "We believe everyone can benefit from opening, sharing and collaborating around data to make better decisions, improve efficiency and even help tackle some of the world's most pressing societal challenges." Now, it is obvious that it is in Microsoft corporate's interests to convince others of this, but...

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Open Letter to the Industry: #FreeDataFriday – A California Wake-up Call

We cannot say this any simpler: American racing does not have a fair and equitable split of the takeout dollar, it has overly and foolishly relied on alternate sources of gaming to supplement purses. So, we remind you--whether you are for or against a 'federal bill,' a Jockey Club member, a commercial breeder, a small syndicate member or anything in between--the status quo is untenable. Something must change. The economics for the sustainability of racing are all askew. ADWs aren't bad--our business REALLY needs them, particularly now. Their percentage of...

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Open Letter to the Industry: Horsemen Struggling, Purses Down – Give Away Free Basic PPs

by Thoroughbred Idea Foundation For more than two weeks, Home Box Office (HBO) has offered free streaming via the HBO Now and HBO GO platforms for several of its famous titles, "the first time...this type of programming [is] available outside of a paywall throughout the month of April. The service is usually priced at $14.99 per month." Horse racing is not HBO, but the point is obvious. What a better way to get people to try your product than take the most captive audience period in history and give them...

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Open Letter to the Industry: #FreeDataFriday – Pandemic Exposes Broken Model

This text is an abridged version of today's Free Data Friday release from the Thoroughbred Idea Foundation. Read the full version here. As the famous proverb goes--the best time to plant a tree was 20 years ago. The second-best time is now. Despite few tracks going forward in recent weeks and little to no competition for wagering, Oaklawn and Gulfstream have reduced purses, blaming the loss of subsidies from now shuttered casinos and the lack of on-track handle. Oaklawn set a new record for single day handle last Saturday, with...

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A Month of Answering Questions as a Quarantine Betting Coach

Much has been said and written about racing's opportunity during the coronavirus pandemic to capture wagering dollars typically directed towards sports betting or spent in casinos, and I'm happy to report that two of my closest friends have done their part in contributing to handle over the past month or so. Neither are complete rookies, but they don't regularly bet races. We actually started betting horses at the same time--early in our college careers, but they never got hooked on the sport like I did. They've been to Saratoga, will...

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Open Letter to the Industry: #FreeDataFriday Vol. 25: Hiding in Plain Data

Editor's Note: the following is part of the Thoroughbred Idea Foundation's weekly `Free-Data Friday' series. by Pat Cummings The federal indictments handed down on Monday, March 9 have rippled through the American racing industry, with every indication more are on the way. The results confirmed details which American horseplayers have accounted-for in their analysis over a long period. The veritable dean of those, Andy Beyer, used his platform in the Washington Post as the nation's horseplayer/columnist of record for decades to share his insights informed by observations and data. In...

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