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	<title>Jessica Chapel / Railbird v2 &#187; Handle</title>
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	<description>Notes on thoroughbred racing, media, technology, etc.</description>
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		<title>A Matter of Perspective</title>
		<link>http://jessicachapel.com/2010/07/24/a-matter-of-perspective/</link>
		<comments>http://jessicachapel.com/2010/07/24/a-matter-of-perspective/#comments</comments>
		<pubDate>Sun, 25 Jul 2010 00:47:05 +0000</pubDate>
		<dc:creator>Jessica</dc:creator>
				<category><![CDATA[Racing]]></category>
		<category><![CDATA[Handle]]></category>
		<category><![CDATA[Juveniles]]></category>
		<category><![CDATA[Lady's Secret Stakes]]></category>
		<category><![CDATA[Monmouth Park]]></category>
		<category><![CDATA[Rachel Alexandra]]></category>
		<category><![CDATA[Saratoga]]></category>

		<guid isPermaLink="false">http://jessicachapel.com/?p=10866</guid>
		<description><![CDATA[Which recap best captures Rachel Alexandra&#8217;s three-length win as the 1-10 favorite in the ungraded Lady&#8217;s Secret Stakes at Monmouth this afternoon? Rachel Alexandra has to work in Lady&#8217;s Secret victory (Blood-Horse) &#8230; it was not a walkover for the reigning Horse of the Year &#8230; Rachel Alexandra cruises in the Lady&#8217;s Secret (Thoroughbred Times) [...]]]></description>
			<content:encoded><![CDATA[<p>Which recap best captures Rachel Alexandra&#8217;s three-length win as the 1-10 favorite in the ungraded Lady&#8217;s Secret Stakes at Monmouth this afternoon?</p>
<p><a href="http://www.bloodhorse.com/horse-racing/articles/58045/rachel-has-to-work-in-ladys-secret-victory">Rachel Alexandra has to work in Lady&#8217;s Secret victory</a> (Blood-Horse)<br />
<em>&#8230; it was not a walkover for the reigning Horse of the Year &#8230;</em></p>
<p><a href="http://www.thoroughbredtimes.com/racing-news/2010/July/24/Rachel-Alexandra-draws-off-to-win-Ladys-Secret.aspx">Rachel Alexandra cruises in the Lady&#8217;s Secret</a> (Thoroughbred Times)<br />
<em>Rachel Alexandra turned in a performance befitting a Horse of the Year &#8230;</em></p>
<p><a href="http://drf.com/news/article/115086.html">Rachel Alexandra takes care of business</a> (Daily Racing Form)<br />
<em>&#8230; a solid win, considering the conditions.</em></p>
<p>I&#8217;m partial to the last. She tracked an unexciting pace, responded when asked, looked comfortable, despite the heat. She won by open lengths, even if not by a great margin. (And really, what would have been gained by a blowout?)</p>
<p><object width="500" height="390"><param name="movie" value="http://www.youtube.com/v/P-WEIl_7lbY&amp;hl=en_US&amp;fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/P-WEIl_7lbY&amp;hl=en_US&amp;fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="500" height="390"></embed></object></p>
<p>Final time for the nine furlongs was 1:49.78 (final furlong :12.75).</p>
<p>With Rachel Alexandra running, Monmouth racked up phenomenal handle numbers, taking in a record $11,421,794 on its 12-race card. The WPS pool in the Lady&#8217;s Secret hit $1,593,662, the exacta pool $343,968.</p>
<p>At Saratoga today, first-timer Wine Police turned heads with a wire-to-wire win in the seventh, a 5 1/2 furlong maiden special, which the 2-year-old Speightstown colt took by 7 3/4 lengths in a final time of 1:03.36 (<a href="http://www.youtube.com/watch?v=diNETnOWA6w&#038;videos=InCClSHELW8">watch the replay</a>). He&#8217;s the latest addition <a href="http://spreadsheets.google.com/pub?key=0Au2d2l7SRsWRdHJ5ak9vTW5lTTZmNDQyUXN5bXRpVEE">this summer&#8217;s buzz babies list</a>.</p>
<p>7/25/10 Addendum: <strike>A Beyer speed figure of 110 for Rachel Alexandra in the Lady&#8217;s Secret, 105 for runner-up Queen Martha. That&#8217;s a big number for &#8216;Martha, who was making her second US start and her first on dirt</strike>. Rachel Alexandra&#8217;s BSF revised to 105, <a href="http://www1.drf.com/drfNewsArticle.do?NID=115125">per Mike Watchmaker</a> (DRF+).</p>
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		<title>Weekend Notes</title>
		<link>http://jessicachapel.com/2010/07/17/weekend-notes-8/</link>
		<comments>http://jessicachapel.com/2010/07/17/weekend-notes-8/#comments</comments>
		<pubDate>Sat, 17 Jul 2010 15:22:44 +0000</pubDate>
		<dc:creator>Jessica</dc:creator>
				<category><![CDATA[Racing]]></category>
		<category><![CDATA[Expanded Gaming]]></category>
		<category><![CDATA[Handle]]></category>
		<category><![CDATA[HBO]]></category>
		<category><![CDATA[Luck]]></category>
		<category><![CDATA[Massachusetts]]></category>
		<category><![CDATA[Monmouth Park]]></category>
		<category><![CDATA[Slots]]></category>
		<category><![CDATA[Suffolk Downs]]></category>
		<category><![CDATA[TV]]></category>

		<guid isPermaLink="false">http://jessicachapel.com/?p=10165</guid>
		<description><![CDATA[Buzz builds for &#8220;Luck.&#8221; A producer claims, &#8220;it will be the greatest show on TV.&#8221; TV critic Alan Sepinwall (who writes some of the best &#8220;Mad Men&#8221; recaps out there) is excited &#8212; and worried &#8212; about the HBO drama, noting that it &#8220;may have the most prominent creative firepower, in front of and behind [...]]]></description>
			<content:encoded><![CDATA[<p>Buzz builds for &#8220;Luck.&#8221; A producer claims, &#8220;<a href="http://www.whittierdailynews.com/news/ci_15528979">it will be the greatest show on TV</a>.&#8221; TV critic Alan Sepinwall (who writes some of the best &#8220;<a href="http://sepinwall.blogspot.com/search/label/Mad%20Men">Mad Men</a>&#8221; recaps out there) is excited &#8212; and worried &#8212; about the HBO drama, noting that it &#8220;<a href="http://www.hitfix.com/blogs/whats-alan-watching/posts/in-the-news-fx-premieres-hbo-s-luck-and-amber-tamblyn-on-house">may have the most prominent creative firepower, in front of and behind the camera, of any show in the channel&#8217;s history</a>,&#8221; but what about Dustin Hoffman? Entertainment Weekly tabs the Oscar winner&#8217;s presence <a href="http://popwatch.ew.com/2010/07/15/dustin-hoffmans-new-hbo-show-a-breakthrough-for-tv/">as a &#8220;breakthrough&#8221; for TV</a>, while Santa Anita reveals what Variety didn&#8217;t, that the first season will consist of the pilot and &#8220;<a href="http://santaanita.com/press/pressrelease/2010/07/hbo%E2%80%99s-%E2%80%98luck%E2%80%99-given-green-light-full-season-cutting-edge-tv-project-be">seven to nine additional weekly episodes</a>.&#8221;            </p>
<p>Sure, bring the kids for a day at the races. <a href="http://www.timesunion.com/AspStories/story.asp?storyID=951517&#038;category=SARATOGA">But don&#8217;t let them bet at Saratoga</a>. (A trespass charge and an anti-gambling class? Oh, come on.)</p>
<p>Wow. Monmouth Park reports incredible results for the first 24 days of the &#8220;elite summer meet,&#8221; with attendance up 13% over comparable days in 2009, on-track handle up 43%, <a href="http://monmouthpark.com/News.aspx?id=3692">and total handle up an amazing 118%</a>. The average field size is also up over last year, to 9.0, compared to 7.44 in 2009. Monmouth doesn&#8217;t mention claiming activity in its press release, but that must also be up by a huge amount, with 215+ claims so far. At the start of the Monmouth &#8220;less-is-more&#8221; experiment, <a href="http://www1.drf.com/drfNewsArticle.do?NID=113185&#038;subs=0&#038;arc=1">Steven Crist wrote</a>, &#8220;Gov. Chris Christie has said his goal is to make the racing industry &#8216;entirely self-sustaining.&#8217; Unless handle increases from last year&#8217;s $3.1 million a day to $10 million, that isn&#8217;t going to happen.&#8221; That hasn&#8217;t happened, but with average daily handle of $7.6 million, Monmouth is still in a very good spot. [7/19/10 Addition: <a href="http://businessofracing.blogspot.com/2010/07/monmouth-vs-belmont-numbers.html">Business of Racing digs into Monmouth claiming activity vis-a-vis Belmont</a>.]</p>
<p>By Ragozin figures, <a href="http://www.thoroughbredtimes.com/racing-news/2010/July/16/Ragozin-Insider-Blind-Luck-tops-three-year-old-division.aspx">Blind Luck tops 3-year-olds of either sex</a>.</p>
<p>After the Massachusetts state senate approved a casino bill 25-15 earlier this month, expanded gaming looked almost certain. There were just <a href="http://www.masslive.com/news/index.ssf/2010/07/massachusetts_casinos_legislat.html">a few differences with the house bill</a> to reconcile in committee, and a tight deadline for getting legislation to the governor. Difficult, but not impossible. Now, State House News Service reports, &#8220;&#8230; serious people are talking in somber tones about a two-week stare-down that yields nothing in the way of major legislation. The unimaginable &#8212; failure to sanction casinos despite Big 3 ardor and at least $1.8 million spent on lobbying during the first six months of the year &#8212; looms.&#8221; It&#8217;ll be a tense watch for slots supporters &#8230;</p>
<p>&#8220;<a href="http://blogs.pioneerlocal.com/parker/2010/07/autographs_and_peppermints_an.html">Yes, a gentleman!</a>&#8221; I never tire of the General Quarters story.</p>
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		<title>Links for 2010-02-13</title>
		<link>http://jessicachapel.com/2010/02/13/links-for-2010-02-13/</link>
		<comments>http://jessicachapel.com/2010/02/13/links-for-2010-02-13/#comments</comments>
		<pubDate>Sat, 13 Feb 2010 15:00:56 +0000</pubDate>
		<dc:creator>Delicious</dc:creator>
				<category><![CDATA[Miscellany]]></category>
		<category><![CDATA[Bill Benter]]></category>
		<category><![CDATA[Handle]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[Wagering]]></category>
		<category><![CDATA[Whales]]></category>
		<category><![CDATA[Zelijko Ranogajec]]></category>

		<guid isPermaLink="false">http://jessicachapel.com/2010/02/13/links-for-2010-02-13/</guid>
		<description><![CDATA[Zeljko Ranogajec believed to be Australia&#039;s biggest punter &#34;Once the overseas betting turnover of his 24-hour, seven-day operation is taken into account, his total annual betting spend globally is believed to be well over $1 billion.&#34; More from a related article on Ranogajec: &#34;Advantages like the sophisticated information and rebates stack the deck in favour [...]]]></description>
			<content:encoded><![CDATA[<ul class="delicious">
<li>
<div class="delicious-link"><a href="http://www.news.com.au/couriermail/story/0,,26714432-5003415,00.html">Zeljko Ranogajec believed to be Australia&#039;s biggest punter</a></div>
<div class="delicious-extended">&quot;Once the overseas betting turnover of his 24-hour, seven-day operation is taken into account, his total annual betting spend globally is believed to be well over $1 billion.&quot; <a href="http://www.heraldsun.com.au/news/taking-a-gamble-just-a-numbers-game/story-e6frf7jo-1225829865406">More from a related article on Ranogajec</a>: &quot;Advantages like the sophisticated information and rebates stack the deck in favour of professionals like Mr. Ranogajec and other internationally renowned punters like American Bill Benter, over average punters.&quot;</div>
<div class="delicious-tags">(tags: <a href="http://delicious.com/jchapel/horseracing">horseracing</a> <a href="http://delicious.com/jchapel/wagering">wagering</a> <a href="http://delicious.com/jchapel/australia">australia</a>)</div>
</li>
<li>
<div class="delicious-link"><a href="http://www.smartgambler.com.au/articles/article_006.html">Computerised attack on horseracing</a></div>
<div class="delicious-extended">Article from 2000 about bettor Bill Benter, an early adopter of computer wagering. &quot;If we do make money, the money has to come from somewhere. Well, yes, the general public loses a somewhat higher ratio.&quot; See also: <a href="http://www.wired.com/wired/archive/10.03/betting_pr.html">This  2003 Wired piece on Hong Kong computer teams</a>. &quot;Working from mathematical models that are calculated to deliver a 24 percent return on investments, Hong Kong&#039;s most sophisticated computer-assisted bettors operate with long-term certainty of what their profits should be.&quot;</div>
<div class="delicious-tags">(tags: <a href="http://delicious.com/jchapel/horseracing">horseracing</a> <a href="http://delicious.com/jchapel/wagering">wagering</a> <a href="http://delicious.com/jchapel/hong-kong">hong-kong</a>)</div>
</li>
<li>
<div class="delicious-link"><a href="http://www.cjr.org/the_kicker/live_from_paley_whats_the_one.php">What&#039;s the one skill journos need right now?</a></div>
<div class="delicious-extended">Hustle. Passion. Subject knowledge.</div>
<div class="delicious-tags">(tags: <a href="http://delicious.com/jchapel/journalism">journalism</a> <a href="http://delicious.com/jchapel/entrepreneurship">entrepreneurship</a>)</div>
</li>
</ul>
]]></content:encoded>
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		</item>
		<item>
		<title>Night Numbers</title>
		<link>http://jessicachapel.com/2009/06/20/night-numbers/</link>
		<comments>http://jessicachapel.com/2009/06/20/night-numbers/#comments</comments>
		<pubDate>Sat, 20 Jun 2009 18:05:23 +0000</pubDate>
		<dc:creator>Jessica</dc:creator>
				<category><![CDATA[Industry]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Churchill Downs]]></category>
		<category><![CDATA[Handle]]></category>
		<category><![CDATA[Night Racing]]></category>
		<category><![CDATA[Wagering]]></category>

		<guid isPermaLink="false">http://www.jessicachapel.com/?p=2246</guid>
		<description><![CDATA[By all accounts, Churchill Downs&#8217; inaugural night of racing was a success: &#8220;It looks like the Dubai World Cup,&#8221; said jockey Julien Leparoux, surveying the crowd (Daily Racing Form); &#8220;We had to park and walk like it was Oaks or Derby day,&#8221; said an attendee (Paulick Report). The final attendance figure announced by Churchill was [...]]]></description>
			<content:encoded><![CDATA[<p>By all accounts, Churchill Downs&#8217; inaugural night of racing was a success: &#8220;<a href="http://sports.espn.go.com/sports/horse/news/story?id=4273973">It looks like the Dubai World Cup</a>,&#8221; said jockey Julien Leparoux, surveying the crowd (Daily Racing Form); &#8220;<a href="http://www.paulickreport.com/blog/inaugural-downs-after-dark-attracts-28011/">We had to park and walk like it was Oaks or Derby day</a>,&#8221; said an attendee (Paulick Report). The final attendance figure announced by Churchill was a healthy 28,011 for a card without a major stakes. But what about handle? <a href="http://twitter.com/superterrific/status/2254923768">As @superterrific noticed</a>,</p>
<blockquote><p>&#8230; all the reports of success don&#8217;t include handle &#8230;</p></blockquote>
<p>Churchill no longer releases handle totals, but it is possible to glean clues about last night&#8217;s wagering from the pool data included on Equibase charts. For instance, on Friday, June 12, $1,966,831 was wagered WPS on 11 regularly scheduled races compared to the $2,309,563 that was wagered WPS yesterday on 11 nighttime races. That&#8217;s an increase of approximately 17% in the WPS pools week to week. In the late Pick 4 pool, $103,062 was wagered the previous Friday versus $137,689 last night, a 34% bump (the first Pick 4 pool was up 14%). Pick 3 pools totaled $273,409 compared to $243,508, up 12%. The tiny Pick 6 pool was up 80%, going from $4,811 last Friday to $8,653 last night. Total exacta pools showed some of the smallest growth, up a mere 6%, or $1,584,627 last night compared to $1,500,217 the week before.</p>
<p>Overall, not bad, considering the crowd skewed young and casual (Aside: Churchill took much criticism for raising the track entrance fee to $10, but clearly that didn&#8217;t keep people away and it surely made up for some of what many attendees didn&#8217;t &#8212; and wouldn&#8217;t have &#8212; bet). Looking at what information is available, it seems safe to conclude even without official figures that night racing was a win for handle as well as attendance.</p>
<p>Addendum: Curious about the totals, I returned to the charts and tallied all the pools for both dates. On June 12, total handle came to $5,872,007; on June 19, $6,526,603, an increase of 11%. Without figures from Churchill, it&#8217;s impossible to know the breakdown between on- and off-track wagering and whether on-track bettors wagered less per capita Friday night or how simulcast wagering might have been affected. Regarding the latter, it does seem likely the late post-times resulted in depressed off-track handle: The first three races on Friday night were the only races where pool totals didn&#8217;t exceed totals from the previous week. It was in race four, which had a post-time of 7:30 p.m., that wagering took off, with $704,666 wagered compared to $387,382 the week before. Take the first three races out of the totals for both days, and Churchill handle was up almost 18% for races four through eleven. </p>
<p>6/21/09 Update: The Courier-Journal reports that Churchill Downs took in $6.5 million from all sources (the same number I came to above), &#8220;<a href="http://www.courier-journal.com/article/20090620/NEWS01/906200357/1002/">a 32 percent increase</a>.&#8221; Since the reporter earlier referenced 2008 numbers in discussing on-track numbers, I&#8217;m going to assume that this increase also represents a year to year comparison, not a week to week.</p>
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