Why California Racing deserves to go under!

[miff]

The clueless clowns are at it again. In a business bleeding customers, the clueless Calis\' running racing attempt to put another nail in the players coffin. Any player with a modicum of self respect, should never bet another quarter out there if this passes.

From DRF:

DEL MAR, Calif. – Legislation that would increase takeout for exotic bets on California races and permit the development of exchange betting was stuck at the committee level on Friday.

The state legislative session is scheduled to end on Tuesday, but the legislature has yet to produce a state budget and is not expected to adjourn on that date. That could give the bill more time to pass through the State Senate and Assembly. It could even be divided into a takeout bill and an exchange betting bill, said one legislative analyst.

* MORE: Hoseplayers disagree with California plan

The legislation would raise the takeout on two-horse exotic bets by 2 percent, from the current 20.68 percent to 22.68 percent, and increase the takeout on bets requiring three or more horses by 3 percent, from 20.68 to 23.68 percent. Proponents say the takeout increase would add $25 million to $30 million in purses annually.

The bill is supported by the California Horse Racing Board, Hollywood Park, Del Mar, the Oak Tree Racing Association, the Jockey's Guild, the Thoroughbred Owners of California, and the California Authority of Racing Fairs.

But Santa Anita and Churchill Downs Inc. issued a statement earlier in the week opposing the bill, specifically the exchange betting provision, calling the legislation the "California bookie bill."

Santa Anita president George Haines said, "We're opposing the exchange aspect of it. We'd prefer it be split into two."

[TGJB]

Miff-- this time we agree. What\'s unbelievable is that the industry has watched rebate shops flourish and still hasn\'t gotten the meassage.