Originally Posted by
Messenger
Ray Chaplin has done more work on his report regarding the importance of Excitement and looked at HRV following the American business model again in its decision to go with more races but less meetings
Here is an excerpt:
"The USA model has failed to grow wagering
Latest 2017 Year to date wagering statistics
Race days – 3.21%
Purse money + 1.75%
Total wagered – 6.6%
These results follow a similar wagering decline trend in recent seasons
Problem – Inability to fill large race number programs with sufficient field sizes to maximize wagering
Fundamental Reason – Lack of racing product due to less foals being bred, due to declining participation rates and public interest in harness racing
USA industry remains reliant upon slots income to survive
Ramifications of reducing total Victorian Harness Racing Meetings by 30 in 2017 /18 season, but increasing total number of races and stake money
What will the TAB (Sky Racing 1) replace these meetings with – 30 more thoroughbred meetings, 60 more greyhound meetings or a combination of both?
How many of the additional harness races programmed will fall outside of prime waging hours?
What will be the impact of these changes on market share for harness racing market share over time – positive or negative?"
It really got me thinking - if our reduced meetings results in extra meets for the dogs and/or gallops, our market share would have to struggle to grow