JC / Railbird

Data/IP Archive

Alternate View

Perhaps not despite the fact, but because there were:

According to Equibase Company, the official statistician of horse racing, wagering on all races conducted in the United States through August is down 3.99% compared to last year, from $10,273,868,002 to $9,863,917,032.
This despite the fact that there were 29 more race days this year.

I point to numbers crunched earlier by Steven Crist.
John Pricci comes to a similar conclusion about market dilution, in a lot more words.
Re: Equibase, usually mild Blood-Horse editor Dan Liebman is outraged at the “preposterous decision” made by the industry’s data collector to stop providing meet-total handle figures. That is preposterous! And not only because such a ridiculous decision makes it harder to report on trends in the industry, but because the attitude behind it is so contrary to this era’s ethos of increasing access to information and data. Another reason for “the brash and the bold to take over,” as commenter JS put it elsewhere …
In happier news, Monograph Mile season kicks off: The Thoroughbred Times is taking nominations for its annual book award, won last year by T.D. Thornton of Suffolk Downs for “Not by a Longshot.”

In the Public Domain

The Supreme Court squashed Major League Baseball’s attempt to maintain exclusive control of player statistics, turning down its appeal of an Eighth Circuit Court ruling that allowed fantasy baseball leagues to use the data without paying a licensing fee. “The information used in … fantasy baseball games is all readily available in the public domain,” said the appeals court, “and it would be strange law that a person would not have a First Amendment right to use information that is available to everyone.”

Well, this is interesting … and most definitely relevant to the industry. Applied to racing, this ruling could be interpreted to mean that almost all data in the past performances and results charts are in the public domain, as are simple statistics and compilations derived from publicly available data (which makes it ridiculous that Equibase buries historical charts behind a paywall), but not presentation of the data or statistics, figures, and analysis derived using proprietary methods (such as speed figures).

CBSSports.com responded to the Supreme Court’s decision by launching a new site that makes available data for baseball, as well as football, basketball, hockey, and auto racing. I’d love to see a similar initiative in racing. As baseball stats wizard Bill James said,

People take information and build knowledge. When you give them new information they will create new knowledge, absolutely and without question.

Free data and historical stats, that’s the way to build the fan base.