Handle
One Way to Spin
The weather* continued to hammer Santa Anita on Monday, with total handle for the second day of the meet totaling $5,529,285, down 34.5% from the $8,443,017 taken in on the second day of last year’s meet. For the first two days of the meet, total handle is down 26.2% compared to last year. “There is no way to spin this,” Bill Christine quotes bettor Andy Assaro saying of the opening day decline. I’m a bit disappointed Santa Anita didn’t even try to give the numbers a positive gloss. (Were they not paying attention to Del Mar and NYRA this past summer?) After all, the first two days last year fell on Saturday (usually the best day of the week for handle anywhere) and Sunday, this year on Sunday and Monday. Comparing opening day Sunday 2010 to second day Sunday 2009 yields an increase of 38.7% in handle. Comparing the first two days this meet to Sunday and Monday 2009 delivers an increase of 22.2% in handle. A brazen publicist could really run with those percentages.
*There is no horseplayers’ boycott, comrades. In fairness, though, Monday was a snow day for much of the frozen northeast, with no simulcasting at several tracks, and no betting through NYRA’s online or telephone services. [Also, left out above, comparing Monday 2010 to Monday 2009 shows a modest decline of 2.3% in handle. That’s with one additional race on the card.]
11:20 AM Addendum: Here’s a question: How much of Santa Anita’s opening weekend interstate handle did NYC OTB account for in 2009?
Speed Up, Handle Down
So, was the horseplayers’ boycott a success before it even began? I was among those who thought that anticipation for the first day of racing at Santa Anita in eight months and pent-up dirt demand would lead to a surge in opening day handle. That’s not what happened. From every angle (opening day last year, the last opening day on Sunday, the last opening day with a dirt track), handle was down across the board. Compared to 2009, attendance was off 4% (from 35,292 to 34,268), on-track handle down 15% (from $4,531,236 to $3,851,594) and total handle down 21.5% (from $14,913,953 to $11,707,276). Several factors surely affected the numbers: The track ran nine races this year, 10 in 2009; all the turf races were moved to the main track; there was no handle from now-closed NYC OTB; rain in California and snow on the East Coast may have kept some bettors away. But it also seems likely that a notable percentage of players held back bets, whether to protest the takeout increase or to watch how the reconstructed surface performed.
Santa Anita gave a brave spin to the day’s numbers, issuing a press release in which track president George Haines said, “I think it’s safe to say that we again demonstrated in a very profound way that our fans will continue to support Santa Anita in a big way on our big days. We’re very hopeful we can build on the momentum we generated today and carry it through the entire meet.” That might be difficult, if there are too many cards like Wednesday’s nine-race 61-horse line-up ahead. For comparison, Tampa drew 100+.
The new track looked like the Santa Anita dirt of old on Sunday, with California speed back in style and favorites winning four of nine races (and finishing in the money in eight of nine). “Southern California racing has been a soap opera the past few years,” writes Jay Privman. “Sunday made it feel even more so, as if the past three years at Santa Anita, under a controversial synthetic surface, had merely been a dream.” Trainer Bob Baffert, who might be more inclined to call the past three years a nightmare, was in the winner’s circle after the fourth race, posing next to a freakishly fast 2-year-old named The Factor. “If he’d have lost today, I would have quit training,” said Baffert. Going gate-to-wire, as did the winners of all three six furlong races on the card, The Factor set a new track record of 1:06.98 for the distance while winning a maiden special by 8 1/4 lengths as the 3-2 favorite, his time good for a Beyer speed figure of 102. Switch, the first of trainer John Sadler’s three stakes winners on the day, bested the stakes time of 1:20.45 posted by Mamselle Bebette in 1993 by winning the G1 La Brea Stakes in 1:20.33. Twirling Candy, finishing a nose in front of Smiling Tiger, broke the track record of 1:20 for seven furlongs set by Spectacular Bid in 1980 by winning the G1 Malibu Stakes in 1:19.70. That the Bid’s record was in danger was anticipated early in the day, and not with much joy. “I kind of have a problem with that,” said one of the house handicappers on the track’s feed, talking about Santa Anita’s decision to restore the old dirt track records, ignoring the differences in the surfaces and the synthetic interlude, and I kind of agreed. Twirling Candy is no Spectacular Bid, even if he — like Sir Beaufort winner Sidney’s Candy — is now an Omnisurface Star.
1:45 PM Addendum: Jay Hovdey posts re: Sunday’s lickety-splits: “Meanwhile, up in his booth at the top of the stretch, track superintendent Rich Tedesco was banging his head against the desktop, knowing full well that too fast is just plain too fast when it comes to protecting the frail infrastructure of the Thoroughbred racehorse from his own natural instincts to flee. He also knows that horses like Spectacular Bid don’t come along every 30 years.”
Day 2 Post-NYC OTB
Aqueduct numbers year-to-year, week-to-week, and day-to-day:
On the second day without NYC OTB, on-track attendance was still up, and on-track handle spiked by almost 11% over Wednesday, 12.8% over the previous Thursday. Interstate handle declined from the day before, but was up a tiny 1.3% over last Thursday. The ugly number is intrastate handle, which was down 4.6% over Wednesday, and almost 39.1% from last Thursday. How much of that was money moving? The difference in on-track handle from Wednesday to Thursday is plus $53,125; intrastate handle minus $40,000. If most of the upped on-track dollars were formerly intrastate wagers, then NYRA made gains, even if small. Over on LATG, Alan Mann estimates that NYRA needs to “capture one-third of the wagers placed on its races at NYC OTB in order to break even,”* and it does seem as though they’re doing all they can to grab those bettors, if the flurry of press releases sent out today is any indication, offering double points to customers signing up for NYRA Rewards before December 31, opening up Belmont for simulcasting beginning this Sunday, and looking for a way to get the races back on TV in the city.
In a comment yesterday, EJXD2 said, “I wish people would stop lamenting the death of NYC OTB and instead celebrate that a corrupt system is no more.” Fair enough. Huzzah! NYC OTB is dead! But there’s not much time for lamenting or celebrating. John Pricci called December 7, “the beginning of the end of the modern era of racing in New York,” and while we may not look back on that as such a bad thing, given how troubled the era passing became in its latter days, there’s pain ahead due to lost livelihoods and inevitable structural changes. The bright side (really) is now that closure has come to pass, and action is necessary before the whole industry goes broke, New York has an opportunity to blow up the dysfunctional OTB system and replace it with a streamlined operation** better suited to supporting racing in the contemporary market, which means efficient management and an approach to customers that’s less get-your-fix and more have-great-fun. It won’t be easy, but it must be done.
*8:15 PM Update: Talking to reporters in the Aqueduct press box this morning, NYRA CEO Charles Hayward confirmed that’s about right: “Hayward estimated that NYRA has to try and make up for 35 percent of what NYCOTB handled at its parlors because only 2.4 percent of each dollar wagered at an OTB parlor goes to NYRA, compared with 10 percent of each dollar wagered ontrack.”
**12/10/10 Update: Writes Jerry Bossert in the NY Daily News: “I’m all for it, but it will never happen as there would then be only one President, one vice-president, one director of marketing, etc. It will never fly as there are too many patronage jobs out there currently occupying all those seats in the other five regions.” I fear he’s right — political considerations have held up past attempts at reform — but maybe NYC OTB closing was just the shock needed to make this time different. (Via @BklynBckstretch.)
Day 1 Post-NYC OTB
Crisis has a way of focusing the attention. And so it was that in a matter of minutes, during an emergency meeting of the New York State Racing and Wagering board held Wednesday in the wake of NYC OTB’s closure (audio), it became possible for New York horseplayers to sign up instantly for online wagering accounts instead of in person as previously required. The process was streamlined in an attempt to capture shut-out OTB players. “This is a crisis situation and we’re trying to react because people will find their way to a barber shop or the corner bar [to bet], and that helps no one, not the racing industry or the state,” board chairman John Sabini told the Associated Press. (The silver lining to this mess may be that things get a little easier for horseplayers, although it doesn’t sound like that will be so re: streaming video of races. Disappointing. And dumb.)
David Grening reports in DRF that 61 new NYRA Rewards accounts were opened on Wednesday, presumably by OTB customers who made their way to the track. Aqueduct attendance figures were up, compared to Thursday, December 2 (NYRA canceled racing on Wednesday, December 1) and Wednesday, November 24; handle numbers were down, according to figures reported by the Thoroughbred Times. While average total handle decreased “only” 4%, no doubt aided by a lack of racing in California, Florida, and Kentucky on Wednesday to distract simulcast players, intrastate handle was down more than 36% over December 2 and almost 47% over November 24. A number that didn’t show much of a change was on-track handle. Despite a 26% spike in attendance, on-track handle was up a mere 1.65% over December 2. One of those attending, and probably not betting, was Jesus Leonardo, an NYC OTB stooper profiled in the New York Times earlier this year. In a phone interview with the Times on Wednesday, Leonardo said he plans to keep on stooping, at Aqueduct and other tracks in New York, New Jersey, and Philadelphia.
“OTB was horrible, and horribly run, in many many ways. But the OTB parlors were places like no other and I, for one, will miss them,” writes the blogger Fat Al on The Half-Empty Glass. I will too. There’s no getting around that the storefront parlors were often as unpleasant as their critics alleged, but OTB was a distinct New York City subculture and — this probably reveals something about me I’d rather conceal — the dingy little shops with their oddball collection of characters were some of the few places I ever felt at home in the four years I lived in the city. On particularly unhappy days, I’d slip into a parlor downtown, and enjoy the anonymous companionship of others staring intently at programs and talking horses and hoping for that one big win. “I liked to watch people come in,” Bill Barich wrote in his classic horseplayer’s memoir, “Laughing in the Hills”:
They were intent, blind to their surroundings, and they all looked terrific, at least until the first race had gone off. Optimism put a bloom in every cheek. Anything might happen, could happen, probably would happen, that was the notion being entertained at OTB.
No longer.
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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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