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Horse racing needs to change its approach

Sport needs to narrow, strengthen appeal instead of reaching out to all

John Pricci
Is there something wrong with racing’s product?

That’s the message Churchill Downs president Bob Evans sent to all of racing in a speech he made before the Kentucky Farm Managers organization earlier this week.

Is Evans right?

Without equivocation, we think the answers are yes, no, and this view doesn’t go far enough.

Racing’s critics think there’s no excitement in watching a bunch of brown horses running in circles around an oval. On it’s face, they’re not wrong.

But scratch just below the surface, as loyal fans do, and nothing is farther from the truth.

Observations that watching horses run around in circles indicates a clear misunderstanding of the sport’s nuances. In that context racing has itself to blame for doing such an awful job educating potential fans.

And nowhere does that manifest itself worse than when the sport is presented on television.

Racing broadcasts have tried without apparent success to present racing as a game, a puzzle to be figured out.

In the past, racing has partnered with one past performances disseminator in an attempt to sell the racing product. If anything, it winds up being a better commercial for the past performance company than it is for the game.

By using several data sources to reach a consensus, viewers could begin to learn about racing strategy. From pace analysis flows a conceptualized view of how a race could be run, and how different tactics might influence the final result.

The education process for potential fans shouldn’t be dumbed down. Whoever gets it, gets it. Whoever doesn’t, has no inclination to learn and won’t. Contrary to the stereotype when racing was the only gambling game in town, today’s most successful handicappers are highly educated and upwardly mobile.

Forget mass marketing to attract potential fans. Racing needs fans and gamblers with the mental acuity and wherewithal to get and stay engaged. What it needs is old school snob appeal.

Racing isn’t a game that will ever attract a wide audience. The trick then becomes to attract the right audience, not the attention-deficit crowd that follows Paris Hilton’s every move. Racing doesn’t want or need fans that are highly likely to move on when presented with the next big thing.

Evans thinks there’s too much racing, but that’s not a new theory. Last year in the U.S. 7,375 racing dates offered almost 52,000 races with handle of $280,000 per race. Everywhere else, 117,000 races attracted handle of $780,000. Actually, those 51,688 races is 35 percent fewer than there were in 1990, another of the game’s many enigmas.

Fewer racing dates and presumably clever condition-book writing helped produce larger fields; eight in the U.S as opposed to 10 at foreign venues. Evans correctly argues that 10 starters attracting $780,000 in handle is an economic model that would keep tracks prospering.

Evans also believes that we need to produce more horses for fewer races since the number of starts per horse is down 20 percent since 1990. What he failed to mention to the Kentucky Farm Managers is that the industry needs to breed strength and stamina back into the thoroughbred, too.

Too much racing isn’t necessarily a bad thing. Too much racing provides the kind of diversity that allows small market, second tier tracks to survive. Diversity is important for gamblers, too, especially horseplayers.

Many horseplayers actually prefer pedestrian mid-week fare to the tough big races on weekends. They reason the worse the quality, the greater the number of throw-outs. I’ll bet the majority of racetrack executives would be shocked to learn that’s the way many of their customers think.

Evans pointed to a Churchill Downs promotion, a contest to pick the Derby winner, the choices logged via text messaging. Churchill received over 90,000 messages after only running only four contest promos. The fair assumption is that CDI reached a younger, tech savvy audience, clearly a good thing.

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What is needed is more of this kind of outside the box thinking.

Racing engages the vast majority of its audience through wagering via the participatory process of handicapping. What could be better than the latest technology servicing this data driven game to attract a younger audience? But again racing talks but doesn’t actually embrace technology.


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