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Op/Ed: Racing Roulette, A Good Idea And Why It Will Never Wo

edit:casino time:2019-01-10

On a busy night and if any big players have wandered over to one of the wheels, they might handle that much on a single spin of the wheel at any Las Vegas strip casino.

A roulette-based horse racing wager can never succeed with a 15.43% takeout. Yes, it was created to appeal to people who might be at the track for the first time and are confused by the pari-mutuel process. Anyone can understand roulette. A few small players and newbies might play it for fun, and, perhaps, it’s worth keeping around for that reason alone.

“This sport has to try new things and we can’t be afraid,” said TSG Chief Operating Officer Tim Ritvo. “I have thick skin. I’m not afraid to be laughed at.”

When it comes down to why racing lags behind virtually every other gambling game offered in this country, the answer is always the same–the competitors have a huge advantage because the price of making a casino, slots or sports bet is much lower than the price of making a bet on a horse. If the gas station on one side of the street charges $2.49 a gallon and the one on the other side charges $2.85, which gas station do you think is going to get the most business?


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