Despite an afternoon cloud cover and midday and early evening traffic jams, it was a glorious day in Arcadia on Sunday. It was an opening day at Santa Anita Park that truly was grand. Optimism is often in abundance around a racetrack. So even though the numbers are not exactly encouraging on the opening day at Santa Anita’s annual winter meet, the numbers improved during the next couple of days.
The numbers were not healthy, when Santa Anita opened Sunday. A 21.5 percent decline from the previous year as it was bet $11,707,276 on the first day, and it was the lowest opening-day handle since 1992. On the Santa Anita event the following day, $5,529,285 was bet and there was not a comparable Monday, second-day-of-the-meet card in 2009. There was a perfect apples-to-apples comparison, however on the third day of the meet. A Wednesday card in 2010 versus the same sort of Wednesday card a year earlier. However, the results were almost the same as they were on opening day. A $1,578,842 decline from 2009 as it was bet just $4,038,175. From a year earlier, that’s a 28.1 percent drop off. The figures are even less than Tampa Bay Downs handled on the same day.
Why Santa Anita has gotten off to such a wretched start, there can be only one reason – the increase in the takeout. The horseplayers actually can be pushed too far, it seems like. It’s more likely the answer is anywhere bettors can get a better chance to win. Serious horse betting enthusiasts are learning to shop for pools offering value via lower takeout rates, regardless of bankroll size. It ought to be at Santa Anita, America’s classiest track, if horse racing deserves to thrive anywhere.