JC / Railbird

Handle

Hong Kong Handle

In a column about a software glitch, an extraordinary figure:

We can’t wait for commingling to occur and not just because it will give Hong Kong’s finest taxi drivers the chance to dictate who starts favourite in the Prix de l’Arc de Triomphe and Golden Slipper. The weight of Hong Kong money will leave punters in betting shops around the world scratching their heads and redefine the term market mover. Just for perspective, the accidental HK$30 million was a lot in any language (US$3.8 million) and enough to buy a 30-second commercial during the Super Bowl. But it was also less than 2.5 per cent of the total turnover at Sha Tin yesterday, which reached a solid HK$1.3 billion …

Or about $171 million in American dollars.

For a little perspective: Total handle on the 2012 Kentucky Derby was $133 million, total two-day handle on the 2012 Breeders’ Cup $144 million.

7/11/13 Addendum: Hong Kong handle rises 9%, hits a record high of $93.8 billion ($12.1 billion) in its most recent season, outhandling the US.

Posted in Racing on April 11, 2013 / Tagged Computer Betting, Handle, Hong Kong, International, Sha Tin, Wagering

Hollywood Beckons

Santa Anita meet’s closed on Sunday and its numbers don’t tell a happy story*. David Milch’s racetrack drama probably won’t either, but the “Luck” preview released by HBO on Monday generates a good kind of excitement:

“As a setting for storytelling, you couldn’t ask for anything more,” said Milch.

The horses used in filming “Luck” were some of the first to test the restored dirt track at Santa Anita last December, the same surface on which 19 horses were fatally injured during the meet. With an additional fatality on the training track and six on the turf course, the total number of fatalities came to 26 (as estimated here). Santa Anita is funding a safety study: “We hope that data will be important to us and something that we can apply.” That is to be hoped! It was a real pleasure to watch Santa Anita for three years and rarely worry about seeing a horse go down. After this meet, I can’t say that — and I’m not alone.

How’s this for ugly? Fatality numbers were almost all that was up at Santa Anita. While attendance held steady, handle declined. The track announced a 9% decrease in average daily handle, but the raw CHRIMS data, available through CalRacing, showed a 20.7% decline in gross handle over the previous year, from $589 million (PDF) to $467 million (PDF). Adjusting for eight fewer days, and a decline of 9.7% in the number of races carded, the Blood-Horse found average daily handle was down 11.6%. Pull the Pocket has an interesting theory on why Blood-Horse, which originally reported the 9% decline straight, revisited the handle numbers so thoroughly and quickly.

As long as I’m linking bad news, here’s more: The national HBPA officially opposes the proposed RCI ban on raceday medications. Apparently, a five-year phase-out isn’t long enough. “Blah. Blah. Blah,” says Ray Paulick. Exactly.

*Not a happy story, unless you’re a horseman or owner, in which case, hooray! Total purses were up 5.1% for the Santa Anita meet.

Posted in Racing on April 19, 2011 / Tagged California, Equine Safety, Handle, HBO, Horseplayers, Luck, Santa Anita, Track Surfaces

California Complication

Oh, California. In an industry roiling coast to coast, the turmoil out west is something else. Handle is down more than $77 million at Santa Anita. Too few horses cause canceled days. Horseplayers are in revolt. “In my opinion,” bettor Andy Asaro told Art Wilson, “the CHRB leadership has failed California racing.” The matter of who’s leading is about to get more complicated: A new group called the California Thoroughbred Horsemen’s Association issued a press release last night challenging the standing of the Thoroughbred Owners of California as the official group representing owners’ interests in the state.

Posted in Racing on March 29, 2011 / Tagged California, CHRB, CTHA, Handle, Horseplayers, Leadership, Santa Anita, TOC