Handle
The Disconnect
From Matt Hegarty’s must-read on the state of the racing business:
But continuing to fatten purses is a solution that directly serves horsemen, not bettors. In a macroeconomic sense, it’s hard to argue that the $318 million in subsidies distributed to purses in 2009 made the game better. The U.S. foal crop cratered, the bloodstock market remained in its doldrums, and handle continued to decline at unprecedented rates.
Slots are the subject above, but unleavened takeout increases are similarly flawed. We’re seeing the results of a horsemen-first view in California now.
Saturday Notes
It’s become fashionable to say that we haven’t seen the Kentucky Derby winner yet, the “yet” referring to any race for 3-year-olds in January, but looking over the prep schedules of the last four Derby winners, it occurs to me that we may not have even seen the winner work yet. Super Saver posted the first work of his sophomore year on January 24, 2010; Big Brown didn’t get started until February 24, 2008; Street Sense worked for the first time on January 29, 2007. All three, plus Mine That Bird, then had only two prep races, none earlier than Mine That Bird’s start in the February 28, 2009 Borderland Derby at Sunland.
Despite the trend, Derby watchers can’t help getting excited over allowances such as that won by Soldat at Gulfstream on Friday over a sloppy track (replay). The race, which Jeremy Plonk predicts will produce at least two winners of major Triple Crown preps, lost a little of its shine when trainer Nick Zito scratched maiden winner Dialed In because of the track condition. The colt will now point to the January 30 Holy Bull. “It’s not what I wanted to do, but it looks like that’s what we’re going to do,” said Zito. Trainer Kiaran McLaughlin said that Soldat could start next in the February 26 Fountain of Youth at Gulfstream. [Soldat was given a Beyer speed figure of 102 for the win.]
Foolish Pleasure rounds up today’s interesting 3-year-old runners, leading with the Sweetest Chant at Gulfstream, which drew trainer Ken McPeek’s Kentucky Oaks filly Kathmanblu. She’s making her return to turf after winning the Golden Rod at Churchill last November. “I want to keep her around two turns and get a race into her, and then get her back to dirt,†said McPeek. At the Fair Grounds, Aide, fourth in the Golden Rod, returns for trainer Al Stall in the Silverbulletday Stakes. She’s the one starter out of eight who didn’t win her last race. The Fair Grounds also features the Lecomte Stakes on today’s card with its five-horse field headed by the “quirky” Justin Phillip, getting blinkers on. For a much more comprehensive preview of the Lecomte and other prep races, subscribe to the Hello Race Fans! weekly Derby Prep Alert emails. (I do contribute to the site and the DPA; I get nothing for the plug, other than the pleasure of steering people to a genuinely good Derby Trail resource.)
Trainer Bob Baffert will be at Oaklawn for the February 21 Southwest Stakes. He’s still considering with which horse he’ll be making the trip.
At the CHRB board meeting on Thursday, there was little interest in rescinding the January 1 takeout hike on exotic wagers that’s infuriated horseplayers. “That would have to come from the tracks themselves and from the TOC,” said commissioner John Harris. There was no sign from Santa Anita last week that track executives would be requesting a rollback, despite a handle drop. “We’re where we want to be, but that’s something that’s we’re looking at every day,” track president George Haines told Steve Andersen.
Speaking of the Santa Anita handle numbers, about which there’s been some uncertainty, Mark Thurman gave a presentation on CHRIMS, the accounting and settlement system used by the track (and other California tracks), during Thursday’s CHRB meeting. Of interest to those following the numbers, Thurman said that CHRIMS was working on making “a small database” of handle figures available on CalRacing. Asked when that database might be online, Thurman replied, “Our goal is to have it up within two weeks.”
More SA Numbers
Santa Anita executives went on the offensive over the weekend, releasing figures showing the handle decline isn’t as bad as numbers bandied about in discussing a horseplayers’ boycott suggest. Art Wilson reports:
While cold, hard figures show Santa Anita’s overall handle was down 17 percent through Thursday, track officials contended Saturday their handle was down only 8 percent if you use “comparable days” rather than “calendar days.”
According to Santa Anita director of mutuels Randy Hartzell, it’s “not fair,” for instance, to compare opening weekend last year to the meet’s first two days this year (something I brought up, somewhat in jest, last month). Handle on comparable days totals $97,086,816 for 12 days of racing this year, said Hartzell, down from $105,784,974 last year; that compares to an overall total of $79,085,032 this year, down from $95,191,018 last year.
I asked Wilson the source of the article’s totals, and he replied that the numbers are derived from DRF data, not the CHRIMS data recently referred to by Scott Daruty on the Paulick Report, which gave rise to questions about how the track’s total handle figures are determined. “I am told by more than one person (Santa Anita and the CHRB) that according to CHRIMS daily average handle is only down about 8.2%,” wrote a California bettor seeking an explanation of the differences in an email I received this morning:
If that is true then Equibase and DRF are putting out false handle numbers to the public and have been for years…. How do DRF and Equibase come up with the handle numbers they disseminate? Can someone from Equibase and DRF respond to this please?
Good question. But — and I write this as someone who would also like to know how the figures are derived and their accuracy confirmed — it’s a tangent here. I mean, hey guys, you’re arguing about how much your handle is down. Your handle is down, at the same time that Tampa is booming and Gulfstream is reporting gains. Aqueduct isn’t up, but that’s because NYRA was especially hard hit by NYC OTB’s closure, and they’ve admirably met that challenge so far by treating it as an opportunity to cultivate new customers, take over the OTB TV channel, and get live streaming video on the NYRA Rewards site.
Santa Anita’s handle is down, and track executives are debating by how much? Instead of admitting that customers might have a point — that maybe the product is overpriced, or not all that enticing — and considering how they might respond positively to reverse the slide, they’d rather defend how they’re running the business. The way things are going, that’s right into the ground.
Saturday Notes
Oaklawn Park opens today. Trainer Larry Jones, refreshed by semi-retirement and recovered from aluminum poisoning, is back. So is Lady Giacamo, one of the first winners for her sire Giacomo and one of the first additions to my juvenile watchlist last year. After going 3-for-3 at Lone Star early in the summer, the filly was brought to Del Mar, where she didn’t race, and returned to the work tab at Remington in November. The six-furlong Dixie Belle Stakes will be her first start since winning the TTA Sales Futurity last June.
Square Eddie, returned to training after a year at stud, set a track record of 1:13.11 for 6 1/2 furlongs winning at Santa Anita on Friday. It’s just the latest record set over the new dirt track, prompting Brad Free to wonder, “when horses run as fast as they have been running this winter at Santa Anita, one has to ask again — at what expense?” I very much hope not at the expense of aggravating the physical issues that sent Square Eddie to the shed. “He had a high suspensory strain and I’ll be very interested to see how he looks in the morning — if he’s knocked out or body-sore,” said trainer Doug O’Neill after. “Hopefully we’ll find an empty feed tub and a bright, happy horse.”
The chipmunks are attacking! How could they not, when provoked like this? According to Santa Anita executive Scott Daruty, handle on Santa Anita was up 5% on the first official day of the horseplayers’ boycott, not down more than 15%. Numbers from the CHRIMS database — numbers not publicly available or reported by Equibase, DRF, or the California stewards, and therefore unverifiable — say so. I’m not a member of HANA, and even though I’ve bet less than $20 on Santa Anita since the meet started, I’m not boycotting. (Short fields dominated by speedballs and favorites bore me.) I’m an observer, and my interests lie in having access to accurate numbers and trying to understand what those numbers mean. If the track handle numbers reported on charts and treated as standard by every trade publication (including the one Daruty is speaking through) are inaccurate, then we have a bigger problem than trying to determine whether Thursday’s Santa Anita handle was up or down — the quality of handle data, as well as all reportage based on it, is compromised.
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Jessica Chapel writes and edits in Massachusetts. Railbird is a Thoroughbred horse racing blog published from June 2004 to July 2019. More / Contact
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