Raise purses in horse racing
THE EDITOR, Sir:
Now that Supreme Ventures has control of local horse racing, I would like to make a suggestion going forward.
There is general talk by stakeholders in regard to improvement in two vital areas, these being an increase in purse money and the general outlay of the plant.
However, a critical area that needs addressing is the dividend paid to bettors.
It is an open secret that with the advent and immense success of the Supreme Ventures-run Cash Pot, betting on horse racing has declined.
It is nonsensical for one to bet $50 on a winning horse only to receive $50, $51 or even $70, when that same $50 on a winning Cash Pot number returns $1,300.
The betting dollar has shrunken given the plethora of games run daily by Supreme Ventures.
Therefore, an adjustment in the returns to the punter is sorely needed.