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Whatever Works

Everything in the horse racing industry is in a state of flux.  Calvin Borel, the jockey that rode the Kentucky Derby winner “Mine That Bird” all the way to victory is about to make history.  His change to Kentucky Oaks winner “Rachel Alexandra” for the Preakness Stakes marks the first time in history that a Kentucky Derby winning jockey changed horses for the Preakness Stakes.

It was probably no secret to Borel that “Rachel Alexandra” is favored to win the Preakness.  His change marks and attitude that has spurred a lot of significant change in the horse racing industry: whatever works. 

The industry has had to find new ways of generating revenue as well as ways of cutting fat off of operations just to stay operating.  So far, most tracks have discovered that slot machines are the devices that best improve the industry’s chances of long term survival.

The introduction of slot machines and other forms of alternative gaming have provided wonderful benefits to the horse racing business.  Track owners are of course pleased by the significant and quick income that slot machines can produce.  Slot machines also allow the tracks to increase purses for races.  Bigger purses mean bigger names in the races organized by the track.

Horse owners, jockeys, and trainer are all looking for the best purse to win.  That means that slot machines alone increase the quality of competition at many tracks.  The chain reaction continues as the better competition of course increases the number of gamblers that wager on the race.

 

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